Latest Jericho News

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.

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.

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.

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.

AIC Mines reported steady progress on its Eloise processing plant expansion and commenced ore processing at Jericho, while elevated diesel prices and unseasonal rain pushed costs above guidance in the June quarter.

AIC Mines has returned strong drilling results from the Jolly shoot at its Jericho copper deposit, reinforcing the deposit’s potential as the first mining target and underpinning the ramp-up of production at nearby Eloise.

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.

True North Copper has revealed promising new copper-gold targets at its Wynberg Project in Queensland, building on an existing 56,100-ounce gold resource. The company plans targeted drilling and geophysical surveys to explore extensions and regional prospects.