AIC Mines (A1M) Noosa Mining Conference 2026 summary

Strategic direction and growth plans

• Focus is shifting to strategy and inorganic growth, with M&A as a top priority from October, and a disciplined approach to value-accretive acquisitions.

• Strategy centers on building a portfolio of Australian copper mines through exploration, development, and acquisition.

• Board includes experienced directors with significant shareholdings, aligning management interests with shareholders.

• Values emphasize safety, honesty, and reliability in operations and growth initiatives.

Operational performance and production outlook

• Eloise Copper Mine achieved FY26 guidance for the third consecutive year, producing 13,064 tonnes copper and 6,621 ounces gold at an AISC of $4.99/lb and net mine cash flow of $63.3M.

• Production is set to double over the next two years, reaching up to 27,000 tonnes copper per annum by FY 2029.

• FY27 guidance targets 17,500–18,500 tonnes copper and 7,250–7,500 ounces gold.

• Combined Eloise and Jericho production rate to hit 1.1 million tonnes per annum by December, with Stage 2 expansion to 1.5 million tonnes per annum by December 2028.

Plant expansion and technical achievements

• Eloise plant expansion to 1.1 million tonnes per annum is on budget and on schedule for December commissioning.

• Stage 2 expansion to 1.5 million tonnes per annum targeted by FY 2029, with most equipment already sized for this rate and minimal incremental plant cost (AUD 15 million).

• Blended ore trials confirm strong metallurgical performance and de-risk plant commissioning.