Latest Aic Mines News

Cooper Metals has completed all regulatory approvals for a ~1,400m RC drill program at Ardmore North, targeting Q2 2026 commencement. The company also executed a strategic asset swap to acquire the Pyramid Gold Project, backed by a nearly $1 million placement.

Cooper Metals has swapped its Oorindi Project for the Pyramid Gold Project in North Queensland, a high-grade gold asset in the prolific Drummond Basin. The company plans immediate exploration and a $979,500 capital raise to fund drilling and technical expansion.

Cooper Metals has acquired the Pyramid Gold Project in North Queensland through an asset swap with AIC Mines, exchanging its Oorindi Project and raising nearly $1 million to fund exploration. The deal adds a high-grade, underexplored gold asset to Cooper’s portfolio, with drilling set to ramp up across multiple projects.

AIC Mines reported a strong March quarter with Eloise copper production exceeding guidance at lower costs amid steady progress on its processing plant expansion and Jericho underground development.

AIC Mines has launched an ambitious 2026 drilling campaign targeting 12 prospects near its Eloise copper mine, aiming to uncover transformational copper and gold deposits to boost production.

AIC Mines reports significant growth in Mineral Resources and Ore Reserves at its Eloise Copper Mine and Jericho Copper Project, underpinning potential mine-life extensions and production growth.

AIC Mines Limited reported robust half-year results for December 2025, boosted by higher copper and gold prices despite weather-related sales disruptions. The company’s Jericho project and Eloise plant expansion remain on track, underpinning growth prospects.

MGX Resources reported a $20.8 million half-year loss, driven by a major rockfall at Koolan Island that halted mining and triggered a $60 million asset impairment. The company is pivoting towards gold with its recent acquisition of a 50% stake in the Central Tanami Project.

AIC Mines has successfully accessed the Jericho copper deposit underground, confirming key geological models and reducing technical risks. This milestone accelerates plans to expand copper production at the Eloise mine in Queensland.

AIC Mines maintained steady copper and gold production at its Eloise mine, generating robust cash flow despite weather disruptions, while progressing its plant expansion and exploration programs.

AIC Mines has successfully extended the Jericho copper deposit in Northwest Queensland by approximately 250 metres down-plunge, revealing promising grades of copper, gold, and silver. These results reinforce the deposit’s potential to support future production growth alongside the nearby Eloise mine.

AIC Mines has reported encouraging drilling results from eight prospects at its Eloise Regional Project, highlighting high-grade gold and copper mineralisation and confirming new structural targets for further exploration.