AIC Mines

AIC Mines is an Australian copper and gold mining company focused on growth through acquisition, exploration and development. The company owns and operates the Eloise Copper Mine in Northwest Queensland and is developing the nearby Jericho Copper Project, with a goal of increasing copper production from 12,500tpa to over 20,000tpa. In addition to production growth, AIC Mines is one of the most active explorers in the highly prospective Mt Isa-Cloncurry region, advancing exploration across its 2,000sqkm tenement package. AIC Mines is committed to building a new Australian mid-tier copper mining company.

Management Profile:

Aaron Colleran - MD & CEO

Mr Colleran has extensive experience in public markets mergers and acquisitions and strategic planning. Mr Colleran was a founding member of the leadership team of Australian gold producer Evolution Mining Limited, having managed its business development and investor relations program from inception through to 2018. He was instrumental in the multiple merger and acquisition transactions that created Evolution Mining, now one of Australia’s largest gold mining companies. Since joining AIC Mines, Mr Colleran has led the purchase and turn around of the Eloise Copper Mine, and the acquisition of the Jericho Copper Project. This Project is currently being developed.

What are your key goals for the next 3, 6 and 12 months?

3 Months

- Successful update of company's Mineral Resources and Ore Reserves

- Successful award of EPC contract

- Secure funding for Jericho Project and Eloise plant expansion

6 Months

- Successfully achieve Eloise FY25 Guidance

- Successful commissioning of second Jericho ventilation rise

12 Months

- Successful commencement (and progress) of the Eloise processing plant expansion

What do you think makes your company such a compelling investment?

AIC Mines is the only Australian copper growth story with consistent successful operational performance, a significant (and underway) development project with potential to turn the company into a 25ktpa copper producer, and the most active exploration program in our operating area in NW Queensland. Strong leverage to copper (and significant gold credit) and a positive mid-long term outlook as one of the key metals behind the world's green energy transition lends substantial support for AIC Mines.