AIC Mines Extends Jericho Copper Mineralisation 380 Metres Down-Plunge

Jericho Deposit – A Growing Copper Asset

AIC Mines Limited (ASX – A1M) has announced a series of promising drilling results from its Jericho copper deposit, located just south of its operating Eloise mine in North Queensland. The latest assays reveal a high-grade copper intercept extending 380 metres down-plunge from the previously defined resource boundary at the Billabong shoot, underscoring the deposit’s significant depth potential.

The standout intercept, from drill hole JEDD074, returned 5.5 metres grading 2.4% copper starting at 696 metres depth, confirming that high-grade mineralisation continues well below the current inferred resource limits. This extension is particularly noteworthy given the relatively underexplored nature of the J2 lens, where Billabong is situated.

Resource Definition Advances at Matilda and Matilda North

Alongside the step-out drilling, resource infill efforts at the Matilda and Matilda North shoots have yielded multiple significant copper intercepts. Highlights include 15.2 metres at 1.0% copper and 10 metres at 1.4% copper in holes JEDD074 and JEDD075 respectively, with some intervals grading as high as 4.1% copper over 4 metres. These results not only confirm the continuity of mineralisation but also support the conversion of resources from the Inferred to the Indicated category, a critical step toward eventual mine development.

Managing Director Aaron Colleran praised the exploration team’s rapid progress, stating that the new data reflects a comprehensive understanding of the geological controls on mineralisation at Jericho. The deposit’s mineralisation remains open both along strike and at depth, suggesting further upside potential as drilling continues.

Strategic Implications and Next Steps

The Jericho deposit, situated just 4 kilometres from the Eloise processing plant, represents a strategic growth asset for AIC Mines. The ongoing 12,000-metre drilling program aims to both expand the resource base and upgrade resource classifications, which could enhance project economics and support future production plans.

Additional drilling results from the Matilda North and Jolly shoots are anticipated in the coming months, which will provide further clarity on the deposit’s scale and grade distribution. The company’s methodical approach to exploration, combined with robust assay protocols and quality control measures, lends confidence to the reported results.

While these findings are encouraging, AIC Mines has yet to release updated resource estimates or definitive production guidance. Investors will be watching closely for subsequent announcements that quantify the impact of these drilling successes on the company’s overall resource inventory.