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AIC Mines Limited (ASX:A1M)

ALERT: Price-sensitive ASX Announcement for A1M
Current share price for A1M : $0.765 0.255 (50%)+
Announcement
Release
1 Apr 2026 8:42AM
Price at Release
$0.510
Full Release
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Summary
AIC Mines Limited has announced the commencement of its 2026 exploration drilling program at the Eloise Regional Project in North Queensland. The program involves 7,600 meters of diamond drilling and 1,500 meters of reverse circulation drilling across 12 targets. A key focus is on follow-up drilling at Eloise South, Arlington, and Defiance, as well as deep drilling at the Iris to Big Foot trend. The Queensland Government has awarded a $203,500 grant to support drilling at the new Oro Grande prospect. The Eloise mine, a high-grade copper and gold underground operation, is expected to benefit from this exploration effort aimed at transformational discoveries.
Key Points
  • AIC Mines commenced its 2026 exploration drilling program.
  • 7,600 meters of diamond drilling and 1,500 meters of reverse circulation drilling are planned.
  • The program aims to test 12 targets across the Eloise Regional Project.
  • Significant follow-up drilling at Eloise South, Arlington, and Defiance.
  • Deep drilling at the Iris to Big Foot trend for the first time under AIC ownership.
  • A $203,500 grant from the Queensland Government supports drilling at Oro Grande.
  • Early-stage projects will include ground electromagnetic data and soil geochemistry collection.
  • The Eloise copper mine is a high-grade underground mine producing copper and gold.
  • Jericho copper deposit extends 3 kilometers south of the Eloise mine.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.