Profit Triples at AIC Mines (ASX:A1M), AUD 10Mn Raised for Expansion Projects

Sonal Goyal

12 August 2025 04:08 PM AEST

Profit Triples at AIC Mines (ASX:A1M), AUD 10Mn Raised for Expansion Projects

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Highlights

A1M’s net profit surged 263% YoY to AUD 8.1 million in 1HFY25.

Cash reserves rose 68% YoY to AUD 44.7 million in 1HFY25.

The company raised AUD 10 million via an oversubscribed Share Purchase Plan to fund Eloise plant expansion and Jericho copper mine development.

AIC Mines Limited (ASX:A1M) is an Australian resources company focused on growth through advancement of copper and gold assets. The company owns and operates the Eloise copper mine in North Queensland and is progressing multiple exploration projects with copper and gold potential.

In the first half of the financial year 2025 (1HFY25), the company reported revenue of AUD 93.2 million, up 2% from AUD 91.0 million. EBITDA rose 24% YoY to AUD 30.6 million in 1HFY25. Cash and cash equivalents increased 68% YoY to AUD 44.7 million. During the reported period, consistent performance at Eloise and higher copper prices collectively drove net profit to AUD 8.1 million, marking a 263% YoY surge.

In the June 2025 quarter, the company reported copper production of 3,202 tonnes and 1,612 ounces of gold in concentrate from Eloise, alongside sales of 3,469 tonnes of copper and associated gold and silver by-products. This generated AUD 28.0 million in operating cash flow and AUD 16.0 million in net mine cash flow, meeting full-year production guidance with 12,863 tonnes of copper produced at an AISC of AUD 4.98/lb.

Business Update

On 7 August 2025, the company announced that its Director Aaron Colleran exercised 1 million performance incentives, converting them into fully paid ordinary shares and increasing his total holding to 13.1 million shares.

Through an ASX update dated On 1 August 2025, the company announced raising AUD 10 million through a heavily oversubscribed Share Purchase Plan, which drew over AUD 14 million in applications, with proceeds directed towards the Eloise plant expansion and Jericho copper mine development.

Company Outlook

The company expects quarterly production of 3,000–3,250 tonnes of copper and 1,400 ounces of gold in concentrate in September 2025 quarter, with FY26 guidance set at 12,800–13,100 tonnes of copper and 6,000–6,500 ounces of gold at an AISC of AUD 4.85–5.25/lb.

Construction of the expanded Eloise processing plant is scheduled to commence in October 2025, aiming to lift capacity to 1.1Mtpa, boost throughput, lower unit costs, and underpin long-term copper production growth.

The Jericho Access Drive remains on track, with first development ore expected by June 2026, establishing Jericho as a key future ore source for Eloise. Continued drilling at Jericho and nearby tenements is anticipated to extend resources and unlock new discoveries.

Share performance of A1M

A1M shares fell 1.59% to close at AUD 0.310 per share on 12 August 2025. Year-to-date, the stock is down 8.82% and has dropped 20.51% over the past six months. It recorded a 3.12% loss over the past month and 11.42% over the past three months. Over the past year, A1M has risen 5.08%. The 52-week high for A1M is AUD 0.428, achieved on 20 March 2025, while the 52-week low is AUD 0.280, recorded on 9 April 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 12 August 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

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