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Producing Copper
Expanding Capacity
Building Value

AIC Mines is a growth-focused Australian resources company, building a portfolio of copper and gold assets through development, exploration, and acquisition.

AIC Mines own and operate the Eloise copper mine in North Queensland – an established, high-grade underground mine producing around 12,500 tonnes of copper and 5,000 ounces of gold annually. With the development of the nearby Jericho copper project and the expansion of the Eloise processing plant, we are on track to grow production to over 20,000 tonnes of copper per year.

Our 2,000km² landholding in the Mt Isa–Cloncurry region makes us one of the most active explorers in the area. Ongoing success is expected to further extend mine life and drive future growth. Learn more about our exploration strategy.

Sustainability is core to how we operate. We are committed to safe, responsible mining, minimising our environmental footprint, and partnering with communities for long-term value. Read more about our core values and sustainability approach.

AIC Mines offer dynamic career opportunities in a technically exciting and growth-oriented environment. Visit our Work With Us page to find out more.

 

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Operations Snapshot

North Queensland

Eloise Copper Mine

Tenement Holding

1,700km2

Status

OPERATING

Metals Produced

aic-copper
aic-gold
Mineral Resources

150,700t Cu @ 2.6%
125,900oz Au @ 0.7g/t

Ore Reserves

65,600t Cu @ 2.1% 57,700oz Au @ 0.6g/t

The Eloise copper mine is located in North Queensland, 60 kilometres SE of Cloncurry and 155 kilometres ESE of Mt Isa. The mine has an extensive production history. It was commissioned in 1996 and has since mined over 14.5Mt of ore grading 2.7% Cu and 0.8g/t Au to produce 376,000t Cu and 195,000oz Au in concentrate.

Current operations consist of an underground mine accessed via decline. The upper levels of the mine (above 1,190m below surface) are extracted by longhole open stoping and the lower levels are extracted by sublevel caving and longhole stoping.

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North Queensland

Jericho Copper Project

Tenement Holding

1,700km2

Status

DEVELOPMENT

Metals Produced

aic-copper
aic-gold
Mineral Resources

444,900t Cu @ 2.0%
125,900oz Au @ 0.7g/t

Ore Reserves

125,400t Cu @ 1.8% 81,900oz Au @ 0.4g/t

The Jericho Copper Project is located in North Queensland, 4 kilometres south of the Eloise Copper Mine and 64 kilometres SE of Cloncurry. The project was acquired by AIC Mines in 2022 and shares the same iron-sulphide-copper-gold mineralisation style, geology and metallurgy as Eloise.
 
Underground development commenced in 2024, with the Jericho Access Drive reaching the J1 mineralised lens in February 2026 – four months ahead of schedule. The deposit will be mined by longhole open stoping and all ore will be processed through the Eloise processing facility, 4 kilometres to the north.