A1M: Investor Presentation - Copper Project Acquisition
Original announcement by asx on
- Company
- AIC Mines Limited
- Ticker
- A1M
- Exchange
- ASX
- Region
- Queensland
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Resource update, Agreement transaction, Capital raise, Metallurgy
- Extracted
- 2026-09-23 00:17:08 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
AIC Mines Limited announced the transformational acquisition of the Mt Cuthbert Copper Project, which will increase its copper Mineral Resources by 39% to 878,000 tonnes. The $120 million acquisition, funded by a $70 million placement and AIC Mines shares, aims to establish a second copper hub in northwest Queensland. The company plans an accelerated exploration and development program for Mt Cuthbert, leveraging synergies with its existing Eloise-Jericho operations.
Reasoning: AIC Mines is making a transformational acquisition of the Mt Cuthbert Copper Project, significantly expanding its copper resource base and establishing a second production hub. The deal is funded by a placement, demonstrating strong financial backing, and is expected to create substantial value through synergies and exploration upside, despite the inherent risks of M&A and project development.
Positive factors
- Acquisition of a significant copper project (Mt Cuthbert) materially increases copper resources.
- Funding for the acquisition and accelerated development secured through a placement.
- Strategic fit and regional synergies with existing Eloise-Jericho operations identified.
- Significant exploration upside potential across the acquired land package.
- Existing processing facility at Mt Cuthbert provides infrastructure advantage.
Negative factors
- Acquisition is subject to shareholder approval and completion of the placement, introducing execution risk.
- Potential for historical liabilities from the acquired entity.
- Reliance on vendor-provided information for due diligence, with inherent risks of inaccuracies.
- Mineral Resources are estimates and subject to market fluctuations and geological uncertainties.
- Uncertainty regarding the development pathway and associated capital/operating costs.
- Regulatory risks associated with operating in a highly regulated environment.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 46
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The document explicitly states that the Mineral Resources are reported under JORC Code 2012 and names Competent Persons for the estimates.
Evidence · text
“The information in this presentation that relates to Mineral Resources at the Mt Cuthbert Project is based on information compiled by Mark Berry, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr. Berry is employed by Derisk Geomining Consultants Pty Ltd, is independent of AIC Mines Limited and Materra Metals Limited and has no conflict of interest in accepting Competent Person responsibility for the relevant content in this announcement. He has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Competent Persons Mark Berry, Bruce Godsmark, Paul Napier, Matthew Fallon, and David Price are named as responsible for the resource estimates.
Evidence · text
“The Competent Persons are Paul Napier (Eloise Mineral Resource), Matthew Fallon (Jericho Mineral Resource), Mark Berry (Mt Cuthbert Mineral Resources) and David Price (Artemis and Sandy Creek Mineral Resources).”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the Mt Cuthbert Project's resource and the combined group resource is in the Inferred category, which is a speculative category with limited drilling.
Evidence · table
“Inferred 11,073,000 1.5% 161,800”
Context: Total 18,670,000 1.3% 246,000
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents updated Mineral Resources for the acquired Mt Cuthbert Project and provides a combined group resource table.
Evidence · text
“Mt Cuthbert Project Mineral Resource”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The document states that AIC has increased the Jericho Mineral Resources by more than 240% since January 2023, implying category upgrades or significant growth.
Evidence · text
“Track record of resource growth – since acquiring the Jericho deposit in January 2023 AIC has increased the Jericho Mineral Resources by more than 240%.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The acquisition of Mt Cuthbert increases AIC Mines' copper Mineral Resources by 39% to 878,000t copper.
Evidence · text
“Increases AIC Mines copper Mineral Resources by 39% to 878,000t copper”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: The Mt Cuthbert Project resources are estimated using a 'dynamic cut-off' but no specific value is provided in the tables or notes for individual deposits.
Evidence · text
“Mt Cuthbert Resources are estimated using a dynamic cut-off. See AIC Mines ASX announcement “Transformational Copper Project Acquisition” dated 23 September 2026.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The 92% recovery for Crusader is from 2020 toll processing, making it historical data rather than new testwork.
Evidence · text
“5,700t of copper produced in concentrate from toll processing at the Ernest Henry Mine in 2020, at 92% recovery.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("concentrator")
Extracted facts
Stored fact records: 44. Some facts used in scoring do not have a stored record.
Resource Estimates (43)
indicatedMt Cuthbert Project · copperTonnes: 917000Grade: 1.4Grade Unit: %Contained Metal: 12500Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry, Bruce Godsmark
- Resource group id
- resource:4ef427be7465e495ad70
- Deposit or zone
- Mt Cuthbert-Kalkadoon
Resource Data
- Category
- indicated
- Tonnes
- 917000
- Grade
- 1.4
- Grade Unit
- %
- Contained Metal
- 12500
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Mt Cuthbert-Kalkadoon deposit contributes a moderate indicated copper resource to the overall project, providing a base for future development.
Positive factors
- Indicated category provides reasonable geological confidence.
- Grade of 1.4% Cu is moderate for a copper resource.
Negative factors
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“1.4%”
Context: 917,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Cuthbert Project · copperTonnes: 4958000Grade: 1.7Grade Unit: %Contained Metal: 86200Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry, Bruce Godsmark
- Resource group id
- resource:d4336188b17a8fa714c0
- Deposit or zone
- Mt Cuthbert-Kalkadoon
Resource Data
- Category
- inferred
- Tonnes
- 4958000
- Grade
- 1.7
- Grade Unit
- %
- Contained Metal
- 86200
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Mt Cuthbert-Kalkadoon deposit has a substantial inferred copper resource at a good grade, representing significant exploration upside but requiring further drilling to upgrade confidence.
Positive factors
- Significant inferred tonnage with a good grade of 1.7% Cu, indicating potential for growth.
- Contributes substantially to the overall contained copper for the project.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“1.7%”
Context: 4,958,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Cuthbert Project · copperTonnes: 2223000Grade: 1.8Grade Unit: %Contained Metal: 40000Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry, Bruce Godsmark
- Resource group id
- resource:726772242ea238145c6f
- Deposit or zone
- Crusader
Resource Data
- Category
- indicated
- Tonnes
- 2223000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 40000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Crusader deposit contributes a strong indicated copper resource with a good grade, building confidence in the Mt Cuthbert project's potential.
Positive factors
- Good indicated tonnage with a strong grade of 1.8% Cu, providing a solid base for development.
- Crusader has a history of production and toll processing with good recovery.
Negative factors
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“1.8%”
Context: 2,223,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Cuthbert Project · copperTonnes: 3744000Grade: 1.4Grade Unit: %Contained Metal: 53400Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry, Bruce Godsmark
- Resource group id
- resource:638790e12dc286ed4383
- Deposit or zone
- Crusader
Resource Data
- Category
- inferred
- Tonnes
- 3744000
- Grade
- 1.4
- Grade Unit
- %
- Contained Metal
- 53400
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Crusader deposit includes a moderate inferred copper resource, indicating further upside potential that requires additional drilling to upgrade confidence.
Positive factors
- Moderate inferred tonnage with a reasonable grade of 1.4% Cu, offering further exploration potential.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“1.4%”
Context: 3,744,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Cuthbert Project · copperTonnes: 4458000Grade: 0.7Grade Unit: %Contained Metal: 31600Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry, Bruce Godsmark
- Resource group id
- resource:dd42a52a2496aec02b8c
- Deposit or zone
- Mt Watson
Resource Data
- Category
- indicated
- Tonnes
- 4458000
- Grade
- 0.7
- Grade Unit
- %
- Contained Metal
- 31600
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Mt Watson deposit contributes a large indicated copper resource, but its lower grade suggests it may be less material than other deposits within the project.
Positive factors
- Significant indicated tonnage, providing a base for future studies.
- Historic production of 27,000t of copper (solely oxide) indicates known mineralization.
Negative factors
- Grade of 0.7% Cu is relatively low for a copper resource.
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“0.7%”
Context: 4,458,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Cuthbert Project · copperTonnes: 1268000Grade: 0.7Grade Unit: %Contained Metal: 8700Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry, Bruce Godsmark
- Resource group id
- resource:e722848e5c319863524c
- Deposit or zone
- Mt Watson
Resource Data
- Category
- inferred
- Tonnes
- 1268000
- Grade
- 0.7
- Grade Unit
- %
- Contained Metal
- 8700
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Mt Watson deposit includes an inferred copper resource with a relatively low grade, indicating limited immediate upside without further high-grade discoveries.
Positive factors
- Additional inferred tonnage provides some exploration upside.
Negative factors
- Grade of 0.7% Cu is relatively low for a copper resource.
- Inferred category has lower geological confidence and cannot support economic studies alone.
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“0.7%”
Context: 1,268,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Cuthbert Project · copperTonnes: 105000Grade: 2.3Grade Unit: %Contained Metal: 2300Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry, Bruce Godsmark
- Resource group id
- resource:6bccd7559d0f20876bab
- Deposit or zone
- Warwick Castle
Resource Data
- Category
- inferred
- Tonnes
- 105000
- Grade
- 2.3
- Grade Unit
- %
- Contained Metal
- 2300
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Warwick Castle deposit contributes a small, high-grade inferred copper resource, representing early-stage exploration potential.
Positive factors
- High grade of 2.3% Cu for this inferred resource.
Negative factors
- Small tonnage for an inferred resource.
- Inferred category has lower geological confidence and cannot support economic studies alone.
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“2.3%”
Context: 105,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Cuthbert Project · copperTonnes: 998000Grade: 1.1Grade Unit: %Contained Metal: 11200Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry, Bruce Godsmark
- Resource group id
- resource:325c6b14639ff2ad3124
- Deposit or zone
- Leichhardt
Resource Data
- Category
- inferred
- Tonnes
- 998000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 11200
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Leichhardt deposit provides a moderate inferred copper resource, contributing to the overall exploration potential of the Mt Cuthbert project.
Positive factors
- Moderate inferred tonnage adds to the overall resource base.
Negative factors
- Grade of 1.1% Cu is moderate for a copper resource.
- Inferred category has lower geological confidence and cannot support economic studies alone.
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“1.1%”
Context: 998,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedJericho Project · copperTonnes: 9283000Grade: 2Grade Unit: %Contained Metal: 186600Contained Unit: tView all detailsHide details
Identity
- Project
- Jericho Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Fallon
- Resource group id
- resource:6945a51aea75bfba97f1
- Deposit or zone
- Jericho Project
Resource Data
- Category
- indicated
- Tonnes
- 9283000
- Grade
- 2
- Grade Unit
- %
- Contained Metal
- 186600
- Contained Unit
- t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Jericho Project's indicated copper resource is substantial and high-grade, forming a critical part of AIC Mines' production growth strategy.
Positive factors
- Large indicated tonnage with a high copper grade of 2.0%.
- Cut-off grade is disclosed, allowing for better comparability.
- Jericho is a key asset for the company, currently being de-risked and developed.
Evidence · table
“2.0”
Context: 9,283,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedJericho Project · goldTonnes: 9283000Grade: 0.4Grade Unit: g/tContained Metal: 124900Contained Unit: ozView all detailsHide details
Identity
- Project
- Jericho Project
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Fallon
- Resource group id
- resource:6945a51aea75bfba97f1
- Deposit or zone
- Jericho Project
Resource Data
- Category
- indicated
- Tonnes
- 9283000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 124900
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Jericho Project's indicated gold resource provides valuable byproduct credits, enhancing the overall economics of the copper operation.
Positive factors
- Significant contained gold as a byproduct, adding value to the copper resource.
Evidence · table
“0.4”
Context: 9,283,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedJericho Project · silverTonnes: 9283000Grade: 2.1Grade Unit: g/tContained Metal: 621500Contained Unit: ozView all detailsHide details
Identity
- Project
- Jericho Project
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Fallon
- Resource group id
- resource:6945a51aea75bfba97f1
- Deposit or zone
- Jericho Project
Resource Data
- Category
- indicated
- Tonnes
- 9283000
- Grade
- 2.1
- Grade Unit
- g/t
- Contained Metal
- 621500
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Jericho Project's indicated silver resource provides valuable byproduct credits, enhancing the overall economics of the copper operation.
Positive factors
- Significant contained silver as a byproduct, adding value to the copper resource.
Evidence · table
“2.1”
Context: 9,283,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredJericho Project · copperTonnes: 12854000Grade: 2Grade Unit: %Contained Metal: 258300Contained Unit: tView all detailsHide details
Identity
- Project
- Jericho Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Fallon
- Resource group id
- resource:dd491613ebc6d643724a
- Deposit or zone
- Jericho Project
Resource Data
- Category
- inferred
- Tonnes
- 12854000
- Grade
- 2
- Grade Unit
- %
- Contained Metal
- 258300
- Contained Unit
- t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Jericho Project's inferred copper resource is substantial and high-grade, representing significant future potential that requires further drilling to upgrade confidence.
Positive factors
- Very large inferred tonnage with a high copper grade of 2.0%, indicating significant growth potential.
- Cut-off grade is disclosed, allowing for better comparability.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“2.0”
Context: 12,854,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredJericho Project · goldTonnes: 12854000Grade: 0.4Grade Unit: g/tContained Metal: 150900Contained Unit: ozView all detailsHide details
Identity
- Project
- Jericho Project
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Fallon
- Resource group id
- resource:dd491613ebc6d643724a
- Deposit or zone
- Jericho Project
Resource Data
- Category
- inferred
- Tonnes
- 12854000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 150900
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Jericho Project's inferred gold resource provides valuable byproduct credits, enhancing the overall economics of the copper operation, but requires further confidence upgrade.
Positive factors
- Significant contained gold as a byproduct, adding value to the copper resource.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.4”
Context: 12,854,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredJericho Project · silverTonnes: 12854000Grade: 2.5Grade Unit: g/tContained Metal: 1021500Contained Unit: ozView all detailsHide details
Identity
- Project
- Jericho Project
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Fallon
- Resource group id
- resource:dd491613ebc6d643724a
- Deposit or zone
- Jericho Project
Resource Data
- Category
- inferred
- Tonnes
- 12854000
- Grade
- 2.5
- Grade Unit
- g/t
- Contained Metal
- 1021500
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Jericho Project's inferred silver resource provides valuable byproduct credits, enhancing the overall economics of the copper operation, but requires further confidence upgrade.
Positive factors
- Significant contained silver as a byproduct, adding value to the copper resource.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“2.5”
Context: 12,854,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredEloise Copper Mine · copperTonnes: 28000Grade: 1.6Grade Unit: %Contained Metal: 400Contained Unit: tView all detailsHide details
Identity
- Project
- Eloise Copper Mine
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier
- Resource group id
- resource:11f094a3ae9766c4295e
- Deposit or zone
- Eloise Copper Mine
Resource Data
- Category
- measured
- Tonnes
- 28000
- Grade
- 1.6
- Grade Unit
- %
- Contained Metal
- 400
- Contained Unit
- t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Eloise Copper Mine has a small but high-confidence measured copper resource, contributing to the operational base.
Positive factors
- Measured category provides the highest geological confidence.
- Cut-off grade is disclosed, allowing for better comparability.
Negative factors
- Small tonnage for a measured resource.
Evidence · table
“1.6”
Context: 28,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredEloise Copper Mine · goldTonnes: 28000Grade: 0.6Grade Unit: g/tContained Metal: 500Contained Unit: ozView all detailsHide details
Identity
- Project
- Eloise Copper Mine
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier
- Resource group id
- resource:11f094a3ae9766c4295e
- Deposit or zone
- Eloise Copper Mine
Resource Data
- Category
- measured
- Tonnes
- 28000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Eloise Copper Mine's measured gold resource provides byproduct credits, enhancing the overall economics of the operation.
Positive factors
- Contained gold as a byproduct, adding value.
Evidence · table
“0.6”
Context: 28,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredEloise Copper Mine · silverTonnes: 28000Grade: 7.3Grade Unit: g/tContained Metal: 6600Contained Unit: ozView all detailsHide details
Identity
- Project
- Eloise Copper Mine
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier
- Resource group id
- resource:11f094a3ae9766c4295e
- Deposit or zone
- Eloise Copper Mine
Resource Data
- Category
- measured
- Tonnes
- 28000
- Grade
- 7.3
- Grade Unit
- g/t
- Contained Metal
- 6600
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Eloise Copper Mine's measured silver resource provides byproduct credits, enhancing the overall economics of the operation.
Positive factors
- Contained silver as a byproduct, adding value.
Evidence · table
“7.3”
Context: 28,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedEloise Copper Mine · copperTonnes: 3696000Grade: 2.6Grade Unit: %Contained Metal: 96800Contained Unit: tView all detailsHide details
Identity
- Project
- Eloise Copper Mine
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier
- Resource group id
- resource:cc1975c7e55d15cfbbe1
- Deposit or zone
- Eloise Copper Mine
Resource Data
- Category
- indicated
- Tonnes
- 3696000
- Grade
- 2.6
- Grade Unit
- %
- Contained Metal
- 96800
- Contained Unit
- t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Eloise Copper Mine's indicated copper resource is substantial and very high-grade, forming a strong foundation for the company's operations.
Positive factors
- Large indicated tonnage with a very high copper grade of 2.6%.
- Cut-off grade is disclosed, allowing for better comparability.
Evidence · table
“2.6”
Context: 3,696,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedEloise Copper Mine · goldTonnes: 3696000Grade: 0.7Grade Unit: g/tContained Metal: 78500Contained Unit: ozView all detailsHide details
Identity
- Project
- Eloise Copper Mine
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier
- Resource group id
- resource:cc1975c7e55d15cfbbe1
- Deposit or zone
- Eloise Copper Mine
Resource Data
- Category
- indicated
- Tonnes
- 3696000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 78500
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Eloise Copper Mine's indicated gold resource provides valuable byproduct credits, enhancing the overall economics of the operation.
Positive factors
- Significant contained gold as a byproduct, adding value to the copper resource.
Evidence · table
“0.7”
Context: 3,696,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedEloise Copper Mine · silverTonnes: 3696000Grade: 9.8Grade Unit: g/tContained Metal: 1164600Contained Unit: ozView all detailsHide details
Identity
- Project
- Eloise Copper Mine
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier
- Resource group id
- resource:cc1975c7e55d15cfbbe1
- Deposit or zone
- Eloise Copper Mine
Resource Data
- Category
- indicated
- Tonnes
- 3696000
- Grade
- 9.8
- Grade Unit
- g/t
- Contained Metal
- 1164600
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Eloise Copper Mine's indicated silver resource provides valuable byproduct credits, enhancing the overall economics of the operation.
Positive factors
- Significant contained silver as a byproduct, adding value to the copper resource.
Evidence · table
“9.8”
Context: 3,696,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredEloise Copper Mine · copperTonnes: 2124000Grade: 2.5Grade Unit: %Contained Metal: 53500Contained Unit: tView all detailsHide details
Identity
- Project
- Eloise Copper Mine
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier
- Resource group id
- resource:5f7082d5a45076ce1fed
- Deposit or zone
- Eloise Copper Mine
Resource Data
- Category
- inferred
- Tonnes
- 2124000
- Grade
- 2.5
- Grade Unit
- %
- Contained Metal
- 53500
- Contained Unit
- t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Eloise Copper Mine's inferred copper resource is moderate in size but very high-grade, offering good potential for future resource conversion.
Positive factors
- Moderate inferred tonnage with a very high copper grade of 2.5%, indicating good potential for resource expansion.
- Cut-off grade is disclosed, allowing for better comparability.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“2.5”
Context: 2,124,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredEloise Copper Mine · goldTonnes: 2124000Grade: 0.7Grade Unit: g/tContained Metal: 46900Contained Unit: ozView all detailsHide details
Identity
- Project
- Eloise Copper Mine
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier
- Resource group id
- resource:5f7082d5a45076ce1fed
- Deposit or zone
- Eloise Copper Mine
Resource Data
- Category
- inferred
- Tonnes
- 2124000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 46900
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Eloise Copper Mine's inferred gold resource provides valuable byproduct credits, enhancing the overall economics of the operation, but requires further confidence upgrade.
Positive factors
- Contained gold as a byproduct, adding value.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.7”
Context: 2,124,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredEloise Copper Mine · silverTonnes: 2124000Grade: 9.9Grade Unit: g/tContained Metal: 676700Contained Unit: ozView all detailsHide details
Identity
- Project
- Eloise Copper Mine
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier
- Resource group id
- resource:5f7082d5a45076ce1fed
- Deposit or zone
- Eloise Copper Mine
Resource Data
- Category
- inferred
- Tonnes
- 2124000
- Grade
- 9.9
- Grade Unit
- g/t
- Contained Metal
- 676700
- Contained Unit
- oz
- Cutoff Grade
- 1.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Eloise Copper Mine's inferred silver resource provides valuable byproduct credits, enhancing the overall economics of the operation, but requires further confidence upgrade.
Positive factors
- Contained silver as a byproduct, adding value.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“9.9”
Context: 2,124,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Cuthbert Project · copperTonnes: 7598000Grade: 1.1Grade Unit: %Contained Metal: 84200Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:b916e640716e2b7f0c87
- Deposit or zone
- Mt Cuthbert Project
Resource Data
- Category
- indicated
- Tonnes
- 7598000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 84200
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Mt Cuthbert Project's indicated copper resource is a material addition to AIC Mines' portfolio, providing a solid base for future development and contributing to the company's growth strategy.
Positive factors
- Significant indicated tonnage for the newly acquired project.
- Adds substantial copper to the company's overall resource base.
Negative factors
- Grade of 1.1% Cu is moderate for a copper resource.
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“1.1”
Context: 7,598,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Cuthbert Project · copperTonnes: 11073000Grade: 1.5Grade Unit: %Contained Metal: 161800Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Cuthbert Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:3ccb4ad139f12d50b5e6
- Deposit or zone
- Mt Cuthbert Project
Resource Data
- Category
- inferred
- Tonnes
- 11073000
- Grade
- 1.5
- Grade Unit
- %
- Contained Metal
- 161800
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-05-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Mt Cuthbert Project's inferred copper resource is a very material addition, representing significant future growth potential for AIC Mines, but requires further drilling to upgrade confidence.
Positive factors
- Very large inferred tonnage with a good copper grade of 1.5%, indicating significant exploration upside for the new acquisition.
- Adds substantial copper to the company's overall resource base.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
- Cut-off grade not explicitly stated, limiting comparability.
Evidence · table
“1.5”
Context: 11,073,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredSandy Creek Project · copperTonnes: 2620000Grade: 1.1Grade Unit: %Contained Metal: 28100Contained Unit: tView all detailsHide details
Identity
- Project
- Sandy Creek Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Price
- Resource group id
- resource:653294ea18b26a292dda
- Deposit or zone
- Sandy Creek Project
Resource Data
- Category
- inferred
- Tonnes
- 2620000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 28100
- Contained Unit
- t
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Sandy Creek Project contributes a moderate inferred copper resource, adding to the company's exploration pipeline.
Positive factors
- Moderate inferred tonnage with a reasonable copper grade.
- Cut-off grade is disclosed, allowing for better comparability.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“1.1”
Context: 2,620,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredSandy Creek Project · goldTonnes: 2620000Grade: 0.3Grade Unit: g/tContained Metal: 22200Contained Unit: ozView all detailsHide details
Identity
- Project
- Sandy Creek Project
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Price
- Resource group id
- resource:653294ea18b26a292dda
- Deposit or zone
- Sandy Creek Project
Resource Data
- Category
- inferred
- Tonnes
- 2620000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 22200
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Sandy Creek Project's inferred gold resource provides byproduct credits, enhancing the overall economics of the copper resource, but requires further confidence upgrade.
Positive factors
- Contained gold as a byproduct, adding value.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.3”
Context: 2,620,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredSandy Creek Project · silverTonnes: 2620000Grade: 4.4Grade Unit: g/tContained Metal: 370200Contained Unit: ozView all detailsHide details
Identity
- Project
- Sandy Creek Project
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Price
- Resource group id
- resource:653294ea18b26a292dda
- Deposit or zone
- Sandy Creek Project
Resource Data
- Category
- inferred
- Tonnes
- 2620000
- Grade
- 4.4
- Grade Unit
- g/t
- Contained Metal
- 370200
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Sandy Creek Project's inferred silver resource provides byproduct credits, enhancing the overall economics of the copper resource, but requires further confidence upgrade.
Positive factors
- Contained silver as a byproduct, adding value.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“4.4”
Context: 2,620,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredArtemis Project · copperTonnes: 580000Grade: 1.4Grade Unit: %Contained Metal: 8100Contained Unit: tView all detailsHide details
Identity
- Project
- Artemis Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Price
- Resource group id
- resource:624abc1d0a71aa2ff5c5
- Deposit or zone
- Artemis Project
Resource Data
- Category
- inferred
- Tonnes
- 580000
- Grade
- 1.4
- Grade Unit
- %
- Contained Metal
- 8100
- Contained Unit
- t
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Artemis Project contributes a small inferred copper resource with a moderate grade, adding to the company's early-stage exploration pipeline.
Positive factors
- Moderate copper grade for an inferred resource.
- Cut-off grade is disclosed, allowing for better comparability.
Negative factors
- Small tonnage for an inferred resource.
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“1.4”
Context: 580,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredArtemis Project · goldTonnes: 580000Grade: 1.1Grade Unit: g/tContained Metal: 21100Contained Unit: ozView all detailsHide details
Identity
- Project
- Artemis Project
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Price
- Resource group id
- resource:624abc1d0a71aa2ff5c5
- Deposit or zone
- Artemis Project
Resource Data
- Category
- inferred
- Tonnes
- 580000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 21100
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Artemis Project's inferred gold resource provides valuable byproduct credits at a good grade, enhancing the overall economics of the copper resource, but requires further confidence upgrade.
Positive factors
- Good gold grade for an inferred resource, providing valuable byproduct credits.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“1.1”
Context: 580,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredArtemis Project · silverTonnes: 580000Grade: 45.5Grade Unit: g/tContained Metal: 849000Contained Unit: ozView all detailsHide details
Identity
- Project
- Artemis Project
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Price
- Resource group id
- resource:624abc1d0a71aa2ff5c5
- Deposit or zone
- Artemis Project
Resource Data
- Category
- inferred
- Tonnes
- 580000
- Grade
- 45.5
- Grade Unit
- g/t
- Contained Metal
- 849000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Artemis Project's inferred silver resource provides valuable byproduct credits at a good grade, enhancing the overall economics of the copper resource, but requires further confidence upgrade.
Positive factors
- Good silver grade for an inferred resource, providing valuable byproduct credits.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“45.5”
Context: 580,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredCombined Total · copperTonnes: 28000Grade: 1.6Grade Unit: %Contained Metal: 400Contained Unit: tView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:0ef7e8fac605921b91ed
- Deposit or zone
- Combined Total
Resource Data
- Category
- measured
- Tonnes
- 28000
- Grade
- 1.6
- Grade Unit
- %
- Contained Metal
- 400
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined measured copper resource, though small, represents the highest confidence portion of AIC Mines' total resource base.
Positive factors
- Highest confidence category for a portion of the combined resource.
Negative factors
- Very small tonnage for the measured category.
Evidence · table
“1.6”
Context: 28,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredCombined Total · goldTonnes: 28000Grade: 0.6Grade Unit: g/tContained Metal: 500Contained Unit: ozView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:0ef7e8fac605921b91ed
- Deposit or zone
- Combined Total
Resource Data
- Category
- measured
- Tonnes
- 28000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined measured gold resource provides byproduct credits, enhancing the overall value of the highest confidence resource category.
Positive factors
- Byproduct gold adds value to the measured resource.
Evidence · table
“0.6”
Context: 28,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredCombined Total · silverTonnes: 28000Grade: 7.3Grade Unit: g/tContained Metal: 6600Contained Unit: ozView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:0ef7e8fac605921b91ed
- Deposit or zone
- Combined Total
Resource Data
- Category
- measured
- Tonnes
- 28000
- Grade
- 7.3
- Grade Unit
- g/t
- Contained Metal
- 6600
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined measured silver resource provides byproduct credits, enhancing the overall value of the highest confidence resource category.
Positive factors
- Byproduct silver adds value to the measured resource.
Evidence · table
“7.3”
Context: 28,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCombined Total · copperTonnes: 20569000Grade: 1.8Grade Unit: %Contained Metal: 367600Contained Unit: tView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:9ddbacb89ba4add347dd
- Deposit or zone
- Combined Total
Resource Data
- Category
- indicated
- Tonnes
- 20569000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 367600
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined indicated copper resource is very substantial and high-grade, representing a strong and confident base for AIC Mines' future production and development plans.
Positive factors
- Very large indicated tonnage with a strong copper grade of 1.8%, providing a robust foundation for future production.
- Significant portion of the total resource is in the indicated category, demonstrating good geological confidence.
Evidence · table
“1.8”
Context: 20,569,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCombined Total · goldTonnes: 20569000Grade: 0.3Grade Unit: g/tContained Metal: 203400Contained Unit: ozView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:9ddbacb89ba4add347dd
- Deposit or zone
- Combined Total
Resource Data
- Category
- indicated
- Tonnes
- 20569000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 203400
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined indicated gold resource provides valuable byproduct credits, enhancing the overall economics of AIC Mines' resource base.
Positive factors
- Significant contained gold as a byproduct, adding value to the combined indicated resource.
Evidence · table
“0.3”
Context: 20,569,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCombined Total · silverTonnes: 20569000Grade: 2.7Grade Unit: g/tContained Metal: 1786100Contained Unit: ozView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:9ddbacb89ba4add347dd
- Deposit or zone
- Combined Total
Resource Data
- Category
- indicated
- Tonnes
- 20569000
- Grade
- 2.7
- Grade Unit
- g/t
- Contained Metal
- 1786100
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined indicated silver resource provides valuable byproduct credits, enhancing the overall economics of AIC Mines' resource base.
Positive factors
- Significant contained silver as a byproduct, adding value to the combined indicated resource.
Evidence · table
“2.7”
Context: 20,569,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCombined Total · copperTonnes: 29248000Grade: 1.7Grade Unit: %Contained Metal: 509900Contained Unit: tView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:a92f7f073770bdac2b99
- Deposit or zone
- Combined Total
Resource Data
- Category
- inferred
- Tonnes
- 29248000
- Grade
- 1.7
- Grade Unit
- %
- Contained Metal
- 509900
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined inferred copper resource is very substantial and high-grade, representing significant future growth potential for AIC Mines, but requires further drilling to upgrade confidence.
Positive factors
- Very large inferred tonnage with a good copper grade of 1.7%, indicating substantial future growth potential for the company.
- Adds significant copper to the company's overall resource base.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“1.7”
Context: 29,248,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCombined Total · goldTonnes: 29248000Grade: 0.3Grade Unit: g/tContained Metal: 241100Contained Unit: ozView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:a92f7f073770bdac2b99
- Deposit or zone
- Combined Total
Resource Data
- Category
- inferred
- Tonnes
- 29248000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 241100
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined inferred gold resource provides valuable byproduct credits, enhancing the overall economics of AIC Mines' resource base, but requires further confidence upgrade.
Positive factors
- Significant contained gold as a byproduct, adding value to the combined inferred resource.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.3”
Context: 29,248,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCombined Total · silverTonnes: 29248000Grade: 3.1Grade Unit: g/tContained Metal: 2917400Contained Unit: ozView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:a92f7f073770bdac2b99
- Deposit or zone
- Combined Total
Resource Data
- Category
- inferred
- Tonnes
- 29248000
- Grade
- 3.1
- Grade Unit
- g/t
- Contained Metal
- 2917400
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined inferred silver resource provides valuable byproduct credits, enhancing the overall economics of AIC Mines' resource base, but requires further confidence upgrade.
Positive factors
- Significant contained silver as a byproduct, adding value to the combined inferred resource.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“3.1”
Context: 29,248,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Combined TotalCombined Total · copperTonnes: 49845000Grade: 1.8Grade Unit: %Contained Metal: 877800Contained Unit: tView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:4bc6439fd9fc33e88e20
- Deposit or zone
- Combined Total
Resource Data
- Tonnes
- 49845000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 877800
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined total copper resource represents a transformational increase in scale for AIC Mines, positioning it as a significant copper player with a robust resource base.
Positive factors
- Very large total copper resource of 877,800 tonnes, significantly enhancing the company's scale.
- Overall good average grade of 1.8% Cu for the combined resource.
Evidence · table
“1.8”
Context: 49,845,000
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Combined TotalCombined Total · goldTonnes: 49845000Grade: 0.3Grade Unit: g/tContained Metal: 445000Contained Unit: ozView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:4bc6439fd9fc33e88e20
- Deposit or zone
- Combined Total
Resource Data
- Tonnes
- 49845000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 445000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined total gold resource provides significant byproduct credits, materially enhancing the overall economics and value of AIC Mines' expanded resource base.
Positive factors
- Substantial total contained gold of 445,000 ounces, providing significant byproduct value across the portfolio.
Evidence · table
“0.3”
Context: 49,845,000
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Combined TotalCombined Total · silverTonnes: 49845000Grade: 2.9Grade Unit: g/tContained Metal: 4710100Contained Unit: ozView all detailsHide details
Identity
- Project
- Combined Total
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Napier, Matthew Fallon, Mark Berry, David Price
- Resource group id
- resource:4bc6439fd9fc33e88e20
- Deposit or zone
- Combined Total
Resource Data
- Tonnes
- 49845000
- Grade
- 2.9
- Grade Unit
- g/t
- Contained Metal
- 4710100
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The combined total silver resource provides significant byproduct credits, materially enhancing the overall economics and value of AIC Mines' expanded resource base.
Positive factors
- Very large total contained silver of 4.7 million ounces, providing significant byproduct value across the portfolio.
Evidence · table
“2.9”
Context: 49,845,000
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Metallurgical Results (1)
toll processingCrusader · copperRecovery: 92 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Crusader
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- A1M
Test Work
- Test Type
- toll processing
- Processing Route
- concentrator
Recovery
- Recovery
- 92 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The historical toll processing results from Crusader demonstrate excellent copper recovery, providing confidence in the metallurgical characteristics of the sulphide material, although it is not a new result.
Positive factors
- High copper recovery of 92% achieved through commercial-scale toll processing.
- Demonstrates the amenability of Crusader sulphide material to conventional processing.
Negative factors
- Result is historical (from 2020) and may not reflect current conditions or future processing plans.
- Head grade of the processed material is not stated.
Evidence · text
“5,700t of copper produced in concentrate from toll processing at the Ernest Henry Mine in 2020, at 92% recovery.”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 92% is at or above the exceptional band (92%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.