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 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 350,000t of copper and 180,000oz 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. Jericho mine development studies and Eloise Processing Plant expansion studies are currently underway. Development of Jericho transforms Eloise into a true cornerstone asset for AIC Mines.