AIC Mines (ASX:A1M) targets portfolio and production expansion in FY25 with Eloise Mine at core.

Tue 22 Oct 24, 05:45 AM | Team Kalkine

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Highlights

AIC Mines Limited (ASX:A1M) is an ASX-listed resource company which focuses on creating a diverse portfolio of gold and copper assets through acquisition, development and exploration. The company operates the Eloise copper mine, located in North Queensland, along with multiple exploration projects with potential for gold and copper.

In the financial year 2024 (FY24), Eloise mine recorded its highest annual production since 2017. During the reported period, the production stood at 49,994 dmt of concentrate, containing 13,412 tonnes of copper, with an all-in sustaining cost of AUD 5.15/lb.

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