AIC Mines (ASX:A1M) to Boost Copper Output with Jericho Integration and Plant Expansion

Highlights

• Net profit rose sharply by 263% YoY to AUD 8.1 million in 1HFY25, driven by operational efficiency and lower taxes.
• Drill results confirmed high-grade extensions near existing infrastructure.
• Eloise delivered 12,863 tonnes of copper and 5,955 ounces of gold, surpassing FY25 production expectations.

AIC Mines Limited (ASX:A1M) is an Australian resources company focused on copper and gold. The company has delivered significant numbers in the first half of the financial year 2025 (1HFY25), supported by operational improvements, commodity pricing, and encouraging production results at its flagship Eloise Copper Mine in North Queensland.

Financial Highlights

In 1HFY25, AIC Mines posted a revenue of AUD 93.2 million, reflecting a modest 2% YoY increase from AUD 91.0 million in 1HFY24. This growth was underpinned by stable copper production and higher market prices. The company recorded a 24% YoY increase in EBITDA, reaching AUD 30.6 million. The profitability was driven by lower cost of goods sold and improved efficiencies at Eloise.

Profit after income tax surged to AUD 8.1 million, up significantly from AUD 2.2 million in the previous period—marking a 263% rise. This sharp increase was attributed to reduced tax liabilities, operational gains, and deferred consideration income received from Vulcan.

Operational and Exploration Progress

AIC Mines continues to advance its Jericho Copper Deposit near the Eloise processing plant, with encouraging high-grade drill results reported on 8 July 2025. Significant copper-gold intercepts from the Jolly and Tucker shoots included grades of up to 3.0% Cu and 1.8g/t Au. These results confirm mineralisation extensions close to infrastructure.

On 3 July 2025, the company announced that it had exceeded FY25 production guidance, reporting copper production of 12,863 tonnes and gold production of 5,955 ounces at Eloise. This marks the second consecutive year that production has met or outperformed expectations.

Outlook

Looking ahead, AIC Mines plans to integrate the Jericho deposit into the Eloise operation. The ongoing development of the Jericho Link Drive and planned plant expansion are expected to increase copper production. Continuous drilling across regional targets is likely to enhance resource confidence and extend the mine life.

Continued drilling at Jericho and surrounding targets is anticipated to expand high-grade resource areas, enhancing confidence in the long-term mine life and overall resource potential across the Eloise regional tenement portfolio.

Operational efficiencies at Eloise, supported by recoveries and consistent ore grades, are likely to boost margins.

The company plans to release its full results for the June 2025 quarter in the week starting 21 July 2025.

Share performance of A1M

A1M shares declined by 3.13% to close at AUD 0.310 on 9 July 2025. Over the past year, the stock has lost 31.11%. It is down 7.46% over both one and six-month periods and has fallen 1.59% over the past week. Over the past three months, however, A1M gained 10.71%, and it has risen 5.08% month-to-date and quarter-to-date.

The 52-week high for A1M is AUD 0.470, recorded on 15 July 2024, while the 52-week low is AUD 0.280, reached 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 09 July 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.

Disclaimer

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