AIC Mines (A1M) Noosa Mining Investor Conference summary

Shareholder insights and engagement

• CommSec clients represent 36% of shareholders by number and 10% by value, with the average shareholder being a 58-year-old man from Hervey Bay holding AUD 10,000 in stock.

• Board and management are significant shareholders, ensuring strong alignment with investor interests; FMR Investments holds 11.5% and Mt Gibson Iron 5.4%.

• Management and board are heavily invested and incentivized through equity participation and performance plans.

Strategic direction, growth, and operational focus

• Focused on building a mid-tier Australian copper and gold miner through production growth, exploration, and disciplined project development, guided by values of safety, responsibility, delivery, and transparency.

• Growth strategy includes expanding copper production through Eloise and Jericho, leveraging underground mining expertise, and expanding the asset base via exploration, development, and acquisition.

• Secured AUD 125 million in funding through placement, SPP, and prepayment facility to support expansion and development.

Operational performance and financials

• Eloise Copper Mine achieved FY25 guidance with 12,863t Cu and 5,955oz Au in concentrate, generating $27.4M net mine cashflow after capital.

• FY26 guidance targets 12,800–13,100t Cu and 6,000–6,500oz Au in concentrate, with AISC of $4.85–$5.25/lb Cu sold.

• As of 18 July 2025, market capitalization is $229.9M, cash is $60.9M, and no debt drawn on a $40M facility.

• Share price closed at $0.32 with 718.5M shares on issue.