AIC Mines Limited (A1M) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would now like to hand the conference over to Mr. Aaron Coleran, Chief Executive Officer. Please go ahead. Thank you, Darcy. I'll provide a brief overview of the September quarter and then open for questions. The September quarter was a great quarter. Eloise produced 3,324 tonnes of copper and 1,722 ounces of gold in concentrate at an all-in sustaining cost of Aussie $4.97, US $3.23 per pound copper sold and an all-in cost of AUD$5.29 or US$3.44 per pound of copper sold. Eloise achieved guidance for the ninth consecutive quarter and generated net mine cash flow of AUD$11.8 million after Eloise's capital expenditure. $11.8 million free cash flow. Of a realized copper price of Aussie, $6.72 per pound, realized gold price of Aussie, $5,442 per ounce, and realized silver price of Aussie, $63 per ounce. All great prices, but today's prices, as you would well know, are 10%, 20%, and 30% higher respectively. would have generated an additional $7 million in free cash flow, a 60% increase. So you can see why we're excited about what the December quarter might deliver. In fact, we're massively excited about what the December quarter might deliver. At the end of the September quarter, we were 380 metres away from the J1 lens at Jericho. So you know where that puts us at the end of the December quarter. Yes, it could be a jolly good Christmas indeed. You'll also see on page four of the quarterly that we will mine a lot of LEN6 in the December quarter. So we are expecting another good quarter, guiding 3,200 to 3,400 tonnes of copper and 1,600 ounces of gold in concentrate. While I'm talking about LEN6, take a look at the LEN6 drilling results on page five of the quarterly. These results are up to 50 metres below the current resource. Sensational results. Great copper grades and...