Aic Mines Limited · ASX:A1M
Aic Mines — Meeting of the Mines - Cloncurry 2026
17 slides from Aic Mines's conference presentation, Sep 10, 2026
Slide 1: Meeting of the Mines - Cloncurry
For personal use only Meeting of the Mines - Cloncurry September 2026
Slide 2: Important information
Important information This presentation has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) to provide summary information about AIC Mines and its activities at the date of this presentation. The information contained in this presentation does not purport to be co
Slide 3: A miner, a developer, an explorer
A miner, a developer, an explorer Focused on copper and gold in Australia For personal use only LTM 4 SHARE PRICE A1M A$ $1.00 14.0M Share Price1 $0.825 $0.90 12.0M Shares on Issue 799.5M $0.80 $0.70 10.0M Market Capitalisation $659.6M $0.60 8.0M Cash2 $41.7M $0.50 6.0M Debt3 $55.6M $0.40 $0.30 4.0M
Slide 4: Mighty Brands
MIGHTY BRANDS =F = “a, \IC-Mines Limited
Slide 5: Our Values
Our Values We are Safe. Our first priority is to protect the For personal use only health and safety of all our people. We take a proactive approach to health and safety. We strive for continuous improvement in the prevention of occupational injuries and illness. We do not accept unsafe acts or cond
Slide 6: History of the Eloise Copper Mine
History of the Eloise Copper Mine 1988 2004 Eloise Eloise acquired by mining contractor Nov 2021 discovered by Barminco Pty Ltd AIC Mines acquires For personal use only BHP Minerals (now FMR Eloise Investments) 1995 Amalg June 2024 commences the AIC Mines Eloise decline commences Jericho development
Slide 7: For personal use only
For personal use only 7
Slide 8: Eloise Copper Mine
Eloise Copper Mine Our foundational asset - FY26 – Guidance Achieved for Third Consecutive Year1: For personal use only - Eloise produced 13,064t Cu and 6,621oz Au in concentrate - At an AISC of $4.99/lb (US$3.39/lb) and an AIC of $5.32/lb (US$3.62/lb) Cu sold - Eloise generated net mine cash flow o
Slide 9: Jericho Copper Deposit
Jericho Copper Deposit Our next copper mine - Acquired in January 2023 – Jericho has transformed Eloise For personal use only - Jericho orebody is being de-risked - J1 lens accessed at the end of January 2026 ahead of plan. - Ground conditions are consistent with the Jericho geological model. - Grad
Slide 10: Eloise Plant Expansion
Eloise Plant Expansion Expand and improve Eloise - Stage 1 plant expansion to 1.1Mtpa1 is on schedule for commissioning in the For personal use only December 2026 Quarter - GR Engineering have made excellent progress – at 31 August 2026, overall EPC progress was at 92% and construction at 75% - Will
Slide 11: Exploration Strategy
Exploration Strategy Focus on transformational discoveries - Combined Eloise Region Mineral Resources1 total 31.2Mt grading 2.0% Cu and 0.4g/t For personal use only Au for 631,800t Cu and 445,800oz Au. - This is the largest resource base available to the Eloise plant in its 30-year history. - Jerich
Slide 12: Growth Strategy
Growth Strategy Building a new Australian mid-tier copper and gold miner For personal use only VALUE CREATION THROUGH PRODUCTION GROWTH TARGETING COPPER AND GOLD PROJECTS IN AUSTRALIA Building our Project Development Underground Mining Expertise Committed to High Impact Exploration Disciplined Appro
Slide 13: Investment Proposition
Investment Proposition For personal use only Highly credentialed and heavily invested team Cashflow – high-grade Eloise mine delivering reliable production Growth – development of Jericho deposit underway, transforming Eloise Upside – exploration successfully adding mine life and optionality A growt
Slide 14: Appendix: Mineral Resources and Ore Reserves
For personal use only Appendix MINERAL RESOURCES AND ORE RESERVES
Slide 15: Eloise Project Mineral Resources
Eloise Project Mineral Resources ELOISE PROJECT – COMBINED MINERAL RESOURCES AS AT 31 DECEMBER 2025 Notes: - Eloise and Jericho Mineral Resources are inclusive of Ore Cu Grade Au Grade Ag Grade Contained Contained Contained Reserves. There is no certainty that Mineral Resources will be Resource Cate
Slide 16: Eloise Project Ore Reserves
Eloise Project Ore Reserves ELOISE PROJECT – COMBINED ORE RESERVES AS AT 31 DECEMBER 2025 Notes: - Eloise Ore Reserves are estimated using a 1.3% Cu cut-off above 0mRL (1,190mBSL) and 1.8% Cu below 0mRL. Cu Grade Au Grade Ag Grade Contained Contained Contained - Jericho Ore Reserves are estimated us
Slide 17: Eloise Project Production Outlook
Eloise Project Production Outlook COMBINED PRODUCTION OUTLOOK AS AT 31 DECEMBER 2025 Production Outlook refers to the FY27 Guidance, and FY28 and FY29 Production Targets. Production Outlook FY27 FY28 FY29 For personal use only The FY28 Production Target is composed of 96% Probable Ore Production Tar