AIC Mines (ASX: $A1M) provides update on Eloise Copper Mine

AIC Mines Limited (ASX: $A1M) has released an update on the remnant mining strategy at its Eloise Copper Mine in North Queensland. Recent exploration drilling has targeted remnant mineralisation, yielding excellent results that are expected to supplement primary ore production over the next 6 to 18 months.

AIC Mines Managing Director Aaron Colleran on drilling results

Even relatively modest tonnages of high-grade, near-surface mineralisation can dramatically improve cashflow at Eloise. Importantly, mineralisation that is located close to development adds optionality to the mining schedule and thereby helps to improve operational reliability. Ongoing exploration drilling around historical mining areas is expected to identify further remnant mining opportunities.

AIC Mines' outlook on remnant mining strategy

AIC Mines (ASX: $A1M) has reported excellent results from exploration drilling at the Eloise Copper Mine, indicating the potential for near-surface remnant mineralisation to supplement primary ore production. The company's remnant mining strategy is expected to enhance cashflow and operational reliability, with ongoing exploration drilling aimed at identifying additional remnant mining opportunities. AIC Mines intends to systematically drill test other remnant areas in the Upper Levels, with the intent of mining and processing during FY25 or growing the Upper Zone Ore Reserves. The company's focus on modern ground support practices and the identification of significant mineralisation in the Elrose-Levuka North area demonstrate its commitment to maximizing the potential of the Eloise Copper Mine.