AIC Mines (A1M) Investor Presentation summary

Company overview and financials

• Focused on copper mining in Australia, with an experienced board and executive team aiming to build a mid-tier copper and gold miner through exploration, development, and acquisition.

• Market capitalisation stands at $201.5M, with $44.7M in cash and no debt as of December 2024.

• Substantial shareholders include FMR Investments (14.3%) and directors (9.0%).

Key assets and production

• Eloise Copper Mine achieved record FY24 production: 13,412t Cu and 6,669oz Au at AISC of A$5.15/lb Cu, generating $23.1M positive cashflow.

• FY25 guidance: 12,500t Cu and 5,000oz Au at AISC of A$5.25/lb Cu; first half FY25 production already at 6,657t Cu.

• Eloise Mineral Resource: 6.2Mt @ 2.5% Cu, 0.7g/t Au; Ore Reserve: 2.4Mt @ 2.4% Cu, 0.6g/t Au.

• Jericho deposit under development, with first ore expected June 2026; Mineral Resource: 14.1Mt @ 2.0% Cu, 0.4g/t Au.

• Combined Eloise and Jericho Mineral Resources: 22.9Mt @ 2.1% Cu, 0.5g/t Au for 471,950t Cu and 353,950oz Au.

Growth and expansion plans

• Eloise plant expansion to increase throughput from 725,000tpa to 1.1Mtpa, with a $60M capital cost; EPC tender commenced January 2025.

• Plant designed for minimal operational impact and future scalability; debt funding options being advanced.

• Jericho development to extend project life, support plant expansion, and reduce costs through economies of scale.