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How Will AIC Mines’ A$55M Raise Transform Eloise and Jericho Copper Mines?

10:12am on Friday 20th of June, 2025 AEST Mining
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How Will AIC Mines’ A$55M Raise Transform Eloise and Jericho Copper Mines?

10:12am on Friday 20th of June, 2025 AEST
Key Points
  • A$55 million two-tranche placement and A$10 million share purchase plan announced
  • Eloise processing plant expansion from 725ktpa to 1.1Mtpa with potential 1.5Mtpa upgrade
  • Fixed-cost EPC contract awarded to GR Engineering for $77.6 million
  • US$40 million prepayment facility secured with Trafigura to support funding
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