AIC Mines Limited - Eloise Destination Confirmed (+20kt Cu) – Balance Sheet Bolstered
A1M have completed an institutional placement raising ~A$30m (second tranche ~A$4.7m due March) to bolster the balance sheet and advance organic...
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AIC Mines Limited - Incorporating DRM – Increasing Domestic Copper Prominence
We have now included the DRM acquisition into our base case model with an assumed 2Q23 completion. This follows A1M passing the +90% compulsory...
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AIC Mines Limited - Soft Result with Limited Access to Eloise Deeps, as Eyes Move to DRM
A softer result from A1M (-14% / +8% vs OMLe: prod. / AISC) with lower grades stemming from limited access to the Eloise Deeps, and low trucking...
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AIC Mines Limited - A1M Begins Regional Consolidation Play...
A1M’s proposed ~A$36m scrip acquisition of DRM makes strategic sense to us given the synergistic benefits associated with Eloise.
287 Views
AIC Mines Limited - Result Solid. R + R Growth Increases Our LOM Assumption
The balance sheet remains strong (A$28m, no debt), which should easily fund this organic growth opportunity (OMLe FY23 exploration budget: A$3.5m).
201 Views