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AIC Mines Limited (ASX:A1M)

ALERT: Price-sensitive ASX Announcement for A1M
Current share price for A1M : $0.765 0.08 (11.68%)+
Announcement
Release
17 Jun 2026 8:51AM
Price at Release
$0.685
Full Release
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Summary
AIC Mines Limited has announced high-grade drilling results from the Jolly shoot at the Jericho copper deposit in Northwest Queensland. The resource definition drilling has returned significant copper, gold, and silver grades, indicating strong potential for the initial mining operations at Jericho. The results include high copper equivalent grades from both surface and underground drilling programs. These findings suggest an encouraging start for the upcoming mining activities at Jericho, with high-grade results exceeding expectations in terms of strike extent, continuity, and grade.
Key Points
  • High-grade copper, gold, and silver results returned from resource definition drilling at Jolly shoot.
  • Significant drill results include JEDD109 with 7.1% Cu and 8.0% CuEq, and JY023 with 4.4% Cu and 5.8% CuEq.
  • Jolly shoot is the first area to be mined at Jericho, indicating a promising commencement.
  • Jericho deposit has a strike length of 5 km and extends to a depth of 700m, with open mineralisation to the north and south.
  • AIC Mines is focused on building a portfolio of copper and gold assets in Australia through exploration and development.
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.