As owner and operator of Eloise Copper Mine, AIC Mines (A1M) was always the natural owner of Jericho. Takeover of Demetallica Limited (DRM), expands A1M’s Cloncurry ground position whilst underpinning Eloise’s longevity and expansion. We scope a future for Eloise incorporating a larger mill and additional feed from the Jericho deposit. After a troubled first half of FY2023, A1M will need to excel in the March and June quarters to achieve guidance.
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