AIC Mines Reports Record Copper Reserves at Eloise and Jericho Projects
AIC Mines has announced a significant increase in copper reserves and resources at its Eloise and Jericho projects in North Queensland. This growth is poised to support long-term mine life and production expansion amid rising global demand for copper.
AIC Mines has reported a 10% increase in combined mineral resources at the Eloise project, now totaling 31.2 million tonnes with 631,800 tonnes of copper and 445,800 ounces of gold. At Jericho, mineral resources rose by 15% to 22.1 million tonnes, containing 444,800 tonnes of copper and 275,800 ounces of gold.
AI-curated by TheiaThe company is accelerating the expansion of the Eloise processing plant to 1.5 million tonnes per annum, reflecting confidence in these deposits. The increase in resources and reserves may enhance the long-term operational outlook and facilitate potential mine-life extensions, driven by heightened global copper demand linked to renewable energy and electric vehicle sectors.
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