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 currently has two key projects in Western Australia, the Marymia exploration project, strategically located within trucking distance of the Plutonic Gold Mine and the DeGrussa Copper Mine, and the Lamil exploration joint venture located in the Paterson Province immediately west of the Telfer Gold-Copper Mine.
AIC has recently entered into an agreement to acquire the Eloise copper mine – a high-grade operating underground mine located in North Queensland. The acquisition is subject to certain conditions including shareholder approval and completing a capital raising of at least $30 million.
A General Meeting of the Company will be held on 25 October 2021 to seek shareholder approval for the acquisition and capital raising. The capital raising is due to open on 7 October 2021 and close on 25 October 2021. The Prospectus for the capital raising is available via the link below.