AIC Mines Limited · ASX:A1M
AIC Mines — Northwest Queensland Copper Conference 2025
20 slides from AIC Mines's conference presentation, May 19, 2025
Slide 1: Northwest Queensland Copper Conference
For personal use only Northwest Queensland Copper Conference May 2025
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: AIC Mines
AIC Mines A miner, a developer, an explorer – focused on copper in Australia For personal use only Delivering Ore Reserve and Mineral Resource growth Delivering reliable operational results Production expansion underway 3
Slide 4: AIC Mines: Substantial Shareholders and Board
AIC Mines A miner, a developer, an explorer – Substantial Shareholders focused on copper in Australia FMR Investments 14.3% For personal use only Board representation via Jon Young A1M Directors Share Price1 $0.35 Josef El-Raghy – 7.0% 9.3% Aaron Colleran – 2.1% Shares on Issue 575.7M Market Capital
Slide 5: Strategy
Strategy Building a new Australian mid-tier copper and gold miner For personal use only Committed to High Building our Project Underground Mining Disciplined Approach Impact Development Expertise to Growth Exploration Credentials 5
Slide 6: Eloise Copper Mine
Eloise Copper Mine Our foundational asset Eloise achieved record production in FY241 – delivering 13,412t Cu and 6,669oz Au in concentrate at an AISC of $5.15/lb Cu and AIC of For personal use only $5.39/lb Cu generating positive cashflow of $23.1M FY25 production guidance – 12,500t Cu and 5,000
Slide 7: Jericho Copper Deposit
Jericho Copper Deposit Our next copper mine Development of Jericho transforms 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 − Additional ore sources r
Slide 8: Eloise Plant Expansion
Eloise Plant Expansion Expand and improve Eloise The development of Jericho supports a simple processing For personal use only plant expansion to 1.1Mtpa from current 725,000tpa throughput capacity − Designed to minimise operational impacts to Eloise during construction − Designed to accommodate f
Slide 9: Near-Mine Exploration
Near-Mine Exploration Resources limited by drilling 21,250m of drilling was completed at Jericho in CY24 – For personal use only delivering a 33% increase in contained copper and a 39% increase in contained gold − Discovery cost of only $42/t of copper ($0.02/lb) More than 20,000m of drilling is
Slide 10: Near-Mine Exploration
Near-Mine Exploration Resources limited by drilling For personal use only 10
Slide 11: Exploration Strategy
Exploration Strategy Focus on transformational discoveries 2,000km2 tenement holding For personal use only Searching for: Higher-grade deposits (>2% Cu) to displace current resources Large deposits (>20Mt) to warrant further expansion to Eloise processing capacity Growth Priorities: Near
Slide 12: Investment Proposition
Investment Proposition Highly credentialed and heavily invested team For personal use only 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 13: Appendix: Mineral Resources and Ore Reserves
For personal use only Appendix Mineral Resources and Ore Reserves 13
Slide 14: Growth Strategy
Growth Strategy A disciplined approach Building a portfolio of mines through exploration, For personal use only development and acquisition Targeting late-stage Australian gold and copper projects where we can add value through exploration and development Our disciplined approach: Any acquisitio
Slide 15: 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, where honesty leads to cooperative relationships We un
Slide 16: Eloise Project Mineral Resources
Eloise Project Mineral Resources Eloise Project – Combined Mineral Resources as at 31 December 2024 For full details of Eloise, Jericho, Sandy Creek and Artemis Mineral Resources see AIC Au Grade Ag Grade Contained Contained Gold Contained Resource Category Tonnes Cu Grade (%) Mines ASX announcement
Slide 17: Eloise Project Ore Reserves
Eloise Project Ore Reserves Eloise Project – Combined Ore Reserves as at 31 December 2024 For full details of Eloise and Jericho Ore Reserves as at 31 December 2024 see AIC Mines Au Grade Ag Grade Contained Contained Gold Contained ASX announcement “Significant Increase in Ore Reserves” dated 16 Apr
Slide 18: AIC Mines' Production Outlook
AIC Mines’ Production Outlook Eloise and Jericho Production Outlook 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 Reserves and 18% Inferred Production Target (Low - High) t Cu in conc. 12,400 -
Slide 19: MROR Growth vs Production
MROR Growth vs Production Full details of Eloise Regional (Eloise, Jericho, Sandy Creek and Artemis) Mineral 600,000 Resources and Eloise Regional (Eloise and Jericho) Ore Reserves are included in Ore Reserves Indicated Mineral Resources this Appendix. Inferred Mineral Resources Mining Depletion Not
Slide 20: Eloise Regional MROR Growth
Eloise Regional MROR Growth For full details of Eloise Regional (Eloise, Jericho, Sandy Creek and Artemis) Mineral Resources see AIC Mines ASX announcements: • As at 31 December 2024 – “Significant Increase in Mineral Resources” dated 19 March 2025 600,000 3.00% • As at 31 December 2023 – “Increased
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