AIC Mines is a growth focused Australian resources company. The Company’s strategy is to build a portfolio of gold and copper assets in Australia through exploration, development and acquisition.

AIC Mines owns the Eloise copper mine – a high-grade operating underground mine located in North Queensland. The mine commenced production in 1996 and has since produced over 376,000t of copper and 195,000oz of gold.

Current operations consist of an underground mine accessed via decline. Ore is treated on-site via conventional crushing, grinding and sulphide flotation, producing a high-quality copper concentrate with significant by-product gold and silver. The mine is producing approximately 12,500t of copper and 5,000oz of gold in concentrate per annum.

AIC Mines is working to expand the Eloise processing plant and extend the life of the operation through development of the Jericho deposit, located 4 kilometres southeast of Eloise. Development of the Jericho deposit commenced in June 2024 with the commencement of the Jericho link drive, a 3-kilometre underground drive connecting the Jericho deposit to the Eloise decline. The Eloise processing plant is being expanded from 725,000tpa to 1.1Mtpa to treat the additional ore from Jericho. Development of Jericho transforms Eloise into a true cornerstone asset for AIC Mines.