Latest Aic Mines News

Cooper Metals has confirmed copper-gold mineralisation at both Ardmore North and Attina, while adding the Pyramid Gold Project and pursuing a large Philippine copper transaction. The exploration momentum comes with A$1.24 million in cash and a capital raising still being completed.

AIC Mines delivered record FY26 revenue, profit and operating cash flow while advancing Jericho and the Eloise processing plant expansion. The growth plan is gaining operational momentum, but it is also increasing debt, execution demands and exposure to copper and diesel prices.

AIC Mines fell short of its September-quarter production plan, but maintained FY27 guidance as Jericho moved into first-stoping production and the expanded Eloise plant neared commissioning. The company is also asking shareholders to approve a A$120 million Mt Cuthbert acquisition backed by a A$70 million placement.

Cooper Metals finished FY2026 with a $611,935 loss and $1.81 million in cash, while its post-year-end Pyramid Gold acquisition reshaped the exploration portfolio. The deal brought AIC Mines in as the company’s largest shareholder, but a larger pool of options and performance rights also raises the importance of future funding and exploration results.

AIC Mines is paying $120 million for the Mt Cuthbert copper project in northwest Queensland, funded partly by a $70 million placement to Hawke’s Point. The deal would add 246,000 tonnes of contained copper to the group’s resources, but comes before Mt Cuthbert has a single Ore Reserve.

Great Western Exploration (ASX: GTE) has entered a farm-in deal to earn up to 100% of the McKinlay Copper-Gold and Silver Project near Cloncurry, Queensland, targeting Ernest Henry-style IOCG and Cannington-style silver-lead deposits with a planned drilling campaign.

AIC Mines has confirmed a high-grade copper-gold shoot at its Brumby prospect near the Cannington mine, with drilling intersecting up to 14.4% copper over 10.5 metres within a broader mineralised zone.

AIC Mines has reported promising drilling results at its Iris and Eloise South prospects near the Eloise copper mine, confirming extensive copper mineralisation and a spectacular high-grade gold intercept.

Cooper Metals has completed its first RC drilling at Mt Isa East, visually spotting copper sulphides, and secured the Pyramid Gold Project through an asset swap, backed by a $979,500 placement.

AIC Mines is set for a leadership transition with Clint Donkin appointed Managing Director from October 2026, while Aaron Colleran moves to Non-Executive Chairman, aiming to bolster operational focus during the company’s growth phase.

AIC Mines projects copper production growth to 18,500 tonnes in FY27, driven by Jericho mine's commercial start and accelerated Eloise plant expansion.

Cooper Metals has secured full ownership of the Pyramid Gold Project in North Queensland, a high-grade, underexplored gold asset in the prolific Drummond Basin. The company plans to accelerate exploration with immediate drilling targeting multiple priority zones along a largely untested fault corridor.