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AIC Mines Limited (ASX:A1M)

ALERT: Price-sensitive ASX Announcement for A1M
Current share price for A1M : $0.705 0.145 (25.89%)+
Announcement
Release
16 Apr 2026 8:27AM
Price at Release
$0.560
Full Release
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Summary
The March 2026 Quarterly Report for AIC Mines Limited highlights significant production achievements at the Eloise Copper Mine, with 3,432 tonnes of copper and 1,692 ounces of gold produced in concentrate, achieving guidance for the eleventh consecutive quarter. The company generated $27.7 million in net mine cash flow despite weather-related disruptions. Underground development reached Jericho mineralisation, and the expansion of the Eloise processing plant is on track for completion by December 2026. The company's cash position at the end of the quarter was $31.1 million, and notable progress was made in the regional exploration field season.
Key Points
  • Eloise Copper Mine produced 3,432t of copper and 1,692oz of gold.
  • Achieved production guidance for the eleventh consecutive quarter.
  • Eloise generated $27.7 million in net mine cash flow.
  • Underground development reached Jericho mineralisation.
  • Eloise processing plant expansion on schedule for December 2026.
  • AIC Mines ended the quarter with $31.1 million in cash.
  • Eloise Regional exploration field season commenced.
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.