Aic Mines Limited · ASX:A1M
Aic Mines — Investor Presentation (May 2026)
24 slides from Aic Mines's investor presentation, May 11, 2026
Slide 1: Investor Presentation May 2026
For personal use only Investor Presentation May 2026
Slide 2: Important information
Important information This presentation has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) to provide summary information about AIC Mines and its activities at the date of this presentation. The information contained in this presentation does not purport to be co
Slide 3: Our Values
Our Values For personal use only Our core values guide the decisions we make: AIC Mines is a growth focused Safety – Our first priority is to protect the health and well-being of all our people. We take a proactive approach to health and safety. We strive for continuous improvement in the prevention
Slide 4: AIC Mines
AIC Mines A miner, a developer, an explorer – focused on copper in Australia For personal use only Largest Mineral Resource base in the history of the Eloise Copper Mine Rapidly advancing to expansion and >20ktpa Cu Consistent operational success AIC Mines is progressing on its journey to be the nex
Slide 5: A miner, a developer, an explorer
A miner, a developer, an explorer Focused on copper and gold in Australia For personal use only SUBSTANTIAL SHAREHOLDERS A1M A$ US$ Share Price1 $0.63 $0.44 FMR INVESTMENTS DIRECTORS Shares on Issue 797.6M - Market Capitalisation Cash2 $502.5M $31.1M $346.7 $21.5M 14.0% Board representation via Jon
Slide 6: Growth Strategy
Growth Strategy Building a new Australian mid-tier copper and gold miner For personal use only VALUE CREATION THROUGH PRODUCTION GROWTH TARGETING COPPER AND GOLD PROJECTS IN AUSTRALIA Building our Project Development Underground Mining Expertise Committed to High Impact Exploration Disciplined Appro
Slide 7: Eloise Copper Mine
Eloise Copper Mine Our foundational asset Location 60km SE of Cloncurry and 155km ESE of Mt Isa Tenements 13.9 km2 (Mining Leases) and 2,300km2 (Exploration Permits) For personal use only Mineral Resources (incl. Jericho) 631,800t (1.4Blbs) Cu and 445,000oz Au as at 31 December 2025 Ore Reserves (in
Slide 8: Eloise Copper Mine
Eloise Copper Mine Our foundational asset - Eloise has delivered 11 consecutive quarters on or exceeding guidance: For personal use only - March 2026 Quarter – exceeded guidance1: - 3,432t Cu and 1,692oz Au in concentrate at AISC of $4.18/lb Cu sold (US$2.86/lb) - Generated net mine cash flow of A$2
Slide 9: Jericho Copper Deposit
Jericho Copper Deposit Our next copper mine - Acquired in January 2023 – Jericho has transformed Eloise: For personal use only - Extends project life and supports processing plant expansion - Economies of scale to reduce processing costs - Lower mining costs at Jericho due to shallower ore - Additio
Slide 10: Access Drive Reaches Jericho
Access Drive Reaches Jericho Major growth milestone achieved1 - Jericho access drive has crossed the J1 lens at Jericho, achieving a major - Access achieved ahead of plan, reflecting exploration success at the northern For personal use only underground development milestone. end of the deposit and s
Slide 11: Eloise Plant Expansion
Eloise Plant Expansion Expand and improve Eloise - Development of Jericho supports a plant expansion to 1.1Mtpa throughput - All permits are in place to complete construction capacity (approximately 20,000tpa Cu1 in concentrate). - Plant commissioning on schedule to commence in the December 2026 For
Slide 12: Near-Mine Exploration
Near-Mine Exploration Resources limited by drilling - More than 15,500m of drilling was completed at Jericho in CY25 – delivering For personal use only a 17% increase (63,900t or 141Mlbs) in contained copper. - This equates to a resource addition cost of A$33.3/t (US$23.0/t) or A$0.015/lb (US$0.01/l
Slide 13: Near-Mine Exploration
Near-Mine Exploration Resources limited by drilling For personal use only 1. Note: Eloise and Jericho are projected to a plane to capture both deposits on long section. 2. Mineral Resources and Ore Reserves as at 31 December 2025 – full tables provided as an Appendix to this presentation. 13
Slide 14: Exploration Strategy
Exploration Strategy Focus on transformational discoveries - The Eloise Regional Project consists of approximately 1,700km2 of contiguous, 100% owned tenure immediately surrounding the Eloise mine. For personal use only - Combined Eloise Region Mineral Resources1 total 31.2Mt grading 2.0% Cu and 0.4
Slide 15: Investment Proposition
Investment Proposition For personal use only 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 growt
Slide 16: Appendix: Mineral Resources and Ore Reserves
For personal use only Appendix MINERAL RESOURCES AND ORE RESERVES
Slide 17: Sustainability
Sustainability Embedded in our culture For personal use only Safety, in all its forms, is at the heart of our workplace We are committed to a diverse and inclusive workforce, where all feel safe and valued We are active members of our community, and honesty leads to cooperative relationships We unde
Slide 18: Growth Strategy
Growth Strategy A disciplined approach Building a portfolio of mines through exploration, development and For personal use only acquisition - Targeting late-stage Australian gold and copper projects where we can add value through exploration and development Our disciplined approach: - Any acquisitio
Slide 19: Eloise Expansion Flowsheet
Eloise Expansion Flowsheet For personal use only Simplified process flowsheet for illustrative purposes only. 19
Slide 20: MROR Growth vs Production
MROR Growth vs Production 600,000 Full details of Eloise Regional (Eloise, Jericho, Sandy Creek and Artemis) Mineral For personal use only Ore Reserves Indicated Mineral Resources Resources and Eloise Regional (Eloise and Jericho) Ore Reserves are included in this Appendix. Inferred Mineral Resource
Slide 21: Eloise Regional MROR Growth
Eloise Regional MROR Growth For full details of Eloise Regional (Eloise, Jericho, Sandy Creek and Artemis) 3.00% Mineral Resources and Ore Reserves see AIC Mines ASX announcements: For personal use only Mineral Resources • As at 31 December 2025 – “Significant Increase in Mineral Resources and 600,0
Slide 22: Eloise Project Mineral Resources
Eloise Project Mineral Resources ELOISE PROJECT – COMBINED MINERAL RESOURCES AS AT 31 DECEMBER 2025 Notes: - Eloise and Jericho Mineral Resources are inclusive of Ore Cu Grade Au Grade Ag Grade Contained Contained Contained Reserves. There is no certainty that Mineral Resources will be Resource Cate
Slide 23: Eloise Project Ore Reserves
Eloise Project Ore Reserves ELOISE PROJECT – COMBINED ORE RESERVES AS AT 31 DECEMBER 2025 Notes: - Eloise Ore Reserves are estimated using a 1.3% Cu cut-off above 0mRL (1,190mBSL) and 1.8% Cu below 0mRL. Cu Grade Au Grade Ag Grade Contained Contained Contained - Jericho Ore Reserves are estimated us
Slide 24: Eloise and Jericho Production Outlook
Eloise and Jericho Production Outlook COMBINED PRODUCTION OUTLOOK AS AT 31 DECEMBER 2024 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 For personal use only Production Target (Low – High) t Cu