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AIC Mines adds a second copper hub with Mt Cuthbert deal
9:53am on Wednesday 23rd of September, 2026 AEST
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Mining
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AIC Mines adds a second copper hub with Mt Cuthbert deal
9:53am on Wednesday 23rd of September, 2026 AEST
Key Points
$120 million acquisition of Materra Metals and the Mt Cuthbert project
$70 million placement to existing major shareholder Hawke’s Point at $0.795 a share
18.67 million tonnes at 1.32% copper for 246,000 tonnes of contained copper
60,000 metres of resource drilling and at least 9,000 metres of exploration drilling planned
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