AIC Mines (A1M) Investor presentation summary

Corporate overview and financials

• Focused on copper and gold mining, development, and exploration in Australia, with a market capitalization of $358.9M and an enterprise value of $329.1M as of March 2026.

• Major shareholders include FMR Investments (14%) and directors with a combined 6.9% stake.

• Cash position at $44.9M and debt at $15.1M as of December 2025, excluding additional undrawn prepayment facilities.

Key assets and operational performance

• Eloise Copper Mine produced 12,863t Cu and 5,955oz Au in FY25 at an AISC of $4.98/lb Cu, generating $27.4M net mine cashflow.

• FY26 guidance targets 12,800–13,200t Cu and 6,000–6,500oz Au at AISC of $4.85–5.25/lb Cu; first half FY26 production was 6,526t Cu and 3,223oz Au.

• Eloise Mineral Resource: 5.9Mt at 2.5% Cu and 0.6g/t Au; Ore Reserve: 2.8Mt at 2.3% Cu and 0.6g/t Au.

Growth projects and expansion

• Eloise plant expansion to 1.1Mtpa throughput underway, with a fixed-cost EPC contract of $77.6M; commissioning expected December 2026.

• Expansion designed for minimal operational disruption and includes oversized equipment for potential future growth to 1.5Mtpa.