Aic Mines Limited · ASX:A1M
Aic Mines — Investor Presentation (June 2025)
33 slides from Aic Mines's investor presentation, Jun 20, 2025
Slide 1: Equity Raise Presentation
NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES Equity Raise Presentation Funding the Step Change Production Profile of Eloise 20 June 2025
Slide 2: Important information
Important information This presentation is dated 19 June 2025 and has been prepared by AIC Mines Limited (ABN 11 060 156 452) (“the Company” or “AIC Mines”) in relation to its proposed equity raising through the issue of fully paid ordinary shares in AIC Mines ("New Shares") through an institutional
Slide 3: Important information
Important information Not for release to US wire services or distribution in the United States The distribution of this presentation (including an electronic copy) in the United States and elsewhere outside Australia is restricted by law. If you come into possession of this presentation, you should
Slide 4: Important information
Important information Forward looking statements Certain information in this document refers to the intentions of AIC Mines, but these are not intended to be forecasts, forward looking statements or statements about the future matters for the purposes of the Corporations Act or any other applicable
Slide 5: Important information
Important information Compliance statement – JORC Code Investors should note that it is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reser
Slide 6: Investment Highlights
Investment Highlights AIC Mines is a well-established Australian copper producer with compelling growth The Eloise Copper Mine has been a long-term consistent copper producer with attractive gold credits EPC Contract awarded to expand the Eloise Processing Plant from current 725ktpa to 1.1Mtpa (Stag
Slide 7: Investment Highlights (cont.)
Investment Highlights (cont.) AIC Mines is a well-established Australian copper producer with compelling growth Jericho remains open along strike and at depth Note: Eloise and Jericho are projected to a plane to capture both deposits on section. Mineral Resources as at 31 December 2024 – full tables
Slide 8: Funding the Step Change Production Profile of Eloise
Funding the Step Change Production Profile of Eloise Equity Raising Rationale and Use of Funds Sources of Funds A$M Eloise expansion cost and schedule now locked in with award of EPC contract to GR Engineering1. Placement Proceeds 55.0 Share Purchase Plan 10.0 EPC contract awarded on a fixed-cos
Slide 9: Equity Raising Overview
Equity Raising Overview Funding the step change production profile of Eloise • The Company is seeking to raise approximately A$55.0 million (before costs) in a two-tranche placement via the issue of approximately 183.3 million fully paid ordinary shares in the Company (“New Shares”) (“Placement”), c
Slide 10: Indicative Timetable
Indicative Timetable Event Date Placement Trading halt and announcement of Placement Pre-market Friday, 20 June 2025 Trading halt lifted and announce completion of Placement Pre-market Tuesday, 24 June 2025 Settlement of New Shares under Tranche 1 of the Placement Friday, 27 June 2025 Allotment and
Slide 11: AIC Mines
AIC Mines Funding the transformation of a new A miner, a developer, an explorer – Australian mid-tier copper and gold miner focused on copper in Australia Pro-Forma Shares on Issue Current Pro-Forma A1M (Pre-Raise) (Post-Raise) Share Price1 $0.33 $0.33 Shares on Issue Shares on Issue 575.7M 792.3M N
Slide 12: Eloise Copper Mine
Eloise Copper Mine Our foundational asset FY25 production guidance1 – 12,500t Cu and 5,000oz Au in concentrate at an AISC of A$5.25/lb Cu and AIC of A$5.50/lb Cu − In the first 9 months to March 2025, the mine has produced 9,661t of copper in concentrate at an AISC of A$5.14/lb Cu sold and AIC of
Slide 13: Jericho Copper Deposit
Jericho Copper Deposit Our next copper mine Jericho is being developed via underground link drive from the Eloise decline − Currently 1.5km complete of total 3km drive1 − On-track to reach first development ore in June 2026 Jericho Mineral Resource2 is 19.2Mt grading 2.0% Cu and 0.4g/t Au contai
Slide 14: Eloise Plant Expansion
Eloise Plant Expansion Expand and improve Eloise Development of Jericho supports expansion of the Eloise New crushing & screening facility processing plant to 1.1Mtpa from current 725,000tpa capacity − Increases copper production to 20,000tpa1 − Economies of scale will reduce processing costs Admi
Slide 15: Eloise Plant Expansion: Expansion Funding
Eloise Plant Expansion Expansion Funding Expansion to be funded through a combination of debt and equity AIC Mines has entered into a US$40M Prepayment Facility with Trafigura1 − No commodity hedging requirements − Early repayment flexibility − Requires delivery of a minimum of ~400,000dmt of co
Slide 16: Near-Mine Exploration
Near-Mine Exploration Resources limited by drilling CY25 drilling is aimed at both growing resources and converting Inferred Resources to Indicated category at the northern end of the deposit More than 10,000m of drilling is planned at Jericho in CY25 16 Note: Eloise and Jericho are projected to
Slide 17: Exploration Strategy
Exploration Strategy Focus on transformational discoveries 2,000km2 tenement holding Searching for: Higher-grade deposits (>2% Cu) to displace current resources Large deposits (>20Mt) to warrant further expansion to Eloise processing capacity Testing the highest number of targets in a deca
Slide 18: Investment Proposition
Investment Proposition 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 growth-oriented Australian
Slide 19: Risk Factors
Risk Factors 19
Slide 20: Key Risks
Key Risks There are various risks associated with an investment in New Shares or AIC Mines generally, as with any securities market investment. The Directors of AIC Mines aim to manage these risks by carefully planning the Company’s activities and implementing risk control measures. However, some of
Slide 21: Key Risks
Key Risks Cont. Production and Cost Estimates Risk AIC Mines prepares estimates of future production (including Production Guidance and Production Targets), cash costs and capital costs of production for its operations. Failure to achieve production or cost estimates or material increases in costs c
Slide 22: Key Risks
Key Risks Cont. For example, if any of the risks identified in this “Key Risks” section were to occur and materially and adversely impact AIC Mines’ business, including risks associated with the Eloise processing plant expansion, commodity price risks, market risks, operational risks and counterpart
Slide 23: Key Risks
Key Risks Cont. Dependence on Key Personnel A number of key personnel are important to attaining the business goals of the Company. One or more of these key employees could leave their employment, and this may adversely affect the ability of the Company to conduct its business and, accordingly, affe
Slide 24: Key Risks
Key Risks Cont. Ability to Utilise Tax Losses The Company’s carried forward tax losses are subject to Australian tax loss recoupment rules and there is no guarantee that the Company will be able to utilise these tax losses. Changes in Government Policies and Legislation Any material adverse changes
Slide 25: Key Risks
Key Risks Cont. Dilution Eligible shareholders who do not participate in the Offer will have their percentage shareholding in AIC Mines diluted. Such shareholders will not be exposed to future increases or decreases in AIC Mines’ share price in respect of those New Shares which would have been issue
Slide 26: International Offer Restrictions
International Offer Restrictions 26
Slide 27: International Offer Restrictions
International Offer Restrictions This presentation does not constitute an offer of New Shares of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any country outside Aus
Slide 28: International Offer Restrictions
International Offer Restrictions European Union (excluding Austria) This document has not been, and will not be, registered with or approved by any securities regulator in the European Union. Accordingly, this document may not be made available, nor may the New Shares be offered for sale, in the Eur
Slide 29: International Offer Restrictions
International Offer Restrictions Switzerland The New Shares may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange or on any other stock exchange or regulated trading facility in Switzerland. Neither this document nor any other offering or marketing material rela
Slide 30: Appendix: Mineral Resources and Ore Reserves
Appendix Mineral Resources and Ore Reserves 30
Slide 31: Eloise Project Mineral Resources
Eloise Project Mineral Resources Eloise Project – Combined Mineral Resources as at 31 December 2024 For full details of Eloise, Jericho, Sandy Creek and Artemis Mineral Resources see AIC Au Grade Ag Grade Contained Contained Gold Contained Resource Category Tonnes Cu Grade (%) Mines ASX announcement
Slide 32: Eloise Project Ore Reserves
Eloise Project Ore Reserves Eloise Project – Combined Ore Reserves as at 31 December 2024 For full details of Eloise and Jericho Ore Reserves as at 31 December 2024 see AIC Mines Au Grade Ag Grade Contained Contained Gold Contained ASX announcement “Significant Increase in Ore Reserves” dated 16 Apr
Slide 33: AIC Mines' Production Outlook
AIC Mines’ Production Outlook Eloise and Jericho Production Outlook Production Outlook refers to the FY26, FY27 and FY28 Production Targets. Units FY26 FY27 FY28 The FY27 Production Target is composed of 82% Probable Ore Reserves and 18% Inferred Production Target (Low - High) t Cu in conc. 12,400 -