# A1M: Investor Presentation - Copper Project Acquisition Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142703 Publisher: asx Original announcement: 2026-09-22T23:53:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T00:17:07.248Z Atlas analysis updated: 2026-09-23T00:17:07.248Z - 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 Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: Acquisition of a significant copper project \(Mt Cuthbert\) materially increases copper resources. - Positive factor: Funding for the acquisition and accelerated development secured through a placement. - Positive factor: Strategic fit and regional synergies with existing Eloise-Jericho operations identified. - Positive factor: Significant exploration upside potential across the acquired land package. - Positive factor: Existing processing facility at Mt Cuthbert provides infrastructure advantage. - Negative factor: Acquisition is subject to shareholder approval and completion of the placement, introducing execution risk. - Negative factor: Potential for historical liabilities from the acquired entity. - Negative factor: Reliance on vendor-provided information for due diligence, with inherent risks of inaccuracies. - Negative factor: Mineral Resources are estimates and subject to market fluctuations and geological uncertainties. - Negative factor: Uncertainty regarding the development pathway and associated capital/operating costs. - Negative factor: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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 Update** Polarity: neutral Definition: 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 Upgrade** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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 Route** Polarity: neutral Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-0) Mt Cuthbert Project · copper #### 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 factor: Indicated category provides reasonable geological confidence. - Positive factor: Grade of 1.4% Cu is moderate for a copper resource. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 1.4% Context: 917,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-1) Mt Cuthbert Project · copper #### 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 factor: Significant inferred tonnage with a good grade of 1.7% Cu, indicating potential for growth. - Positive factor: Contributes substantially to the overall contained copper for the project. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 1.7% Context: 4,958,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-2) Mt Cuthbert Project · copper #### 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 factor: Good indicated tonnage with a strong grade of 1.8% Cu, providing a solid base for development. - Positive factor: Crusader has a history of production and toll processing with good recovery. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 1.8% Context: 2,223,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-3) Mt Cuthbert Project · copper #### 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 factor: Moderate inferred tonnage with a reasonable grade of 1.4% Cu, offering further exploration potential. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 1.4% Context: 3,744,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-4) Mt Cuthbert Project · copper #### 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 factor: Significant indicated tonnage, providing a base for future studies. - Positive factor: Historic production of 27,000t of copper \(solely oxide\) indicates known mineralization. - Negative factor: Grade of 0.7% Cu is relatively low for a copper resource. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 0.7% Context: 4,458,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-5) Mt Cuthbert Project · copper #### 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 factor: Additional inferred tonnage provides some exploration upside. - Negative factor: Grade of 0.7% Cu is relatively low for a copper resource. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 0.7% Context: 1,268,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-6) Mt Cuthbert Project · copper #### 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 factor: High grade of 2.3% Cu for this inferred resource. - Negative factor: Small tonnage for an inferred resource. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 2.3% Context: 105,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-7) Mt Cuthbert Project · copper #### 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 factor: Moderate inferred tonnage adds to the overall resource base. - Negative factor: Grade of 1.1% Cu is moderate for a copper resource. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 1.1% Context: 998,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-8) Jericho Project · copper #### 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 factor: Large indicated tonnage with a high copper grade of 2.0%. - Positive factor: Cut-off grade is disclosed, allowing for better comparability. - Positive factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-9) Jericho Project · gold #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-10) Jericho Project · silver #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-11) Jericho Project · copper #### 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 factor: Very large inferred tonnage with a high copper grade of 2.0%, indicating significant growth potential. - Positive factor: Cut-off grade is disclosed, allowing for better comparability. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-12) Jericho Project · gold #### 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 factor: Significant contained gold as a byproduct, adding value to the copper resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.4 Context: 12,854,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-13) Jericho Project · silver #### 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 factor: Significant contained silver as a byproduct, adding value to the copper resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 2.5 Context: 12,854,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-14) Eloise Copper Mine · copper #### 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 factor: Measured category provides the highest geological confidence. - Positive factor: Cut-off grade is disclosed, allowing for better comparability. - Negative factor: Small tonnage for a measured resource. Evidence · table > 1.6 Context: 28,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-15) Eloise Copper Mine · gold #### 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 factor: Contained gold as a byproduct, adding value. Evidence · table > 0.6 Context: 28,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-16) Eloise Copper Mine · silver #### 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 factor: Contained silver as a byproduct, adding value. Evidence · table > 7.3 Context: 28,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-17) Eloise Copper Mine · copper #### 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 factor: Large indicated tonnage with a very high copper grade of 2.6%. - Positive factor: Cut-off grade is disclosed, allowing for better comparability. Evidence · table > 2.6 Context: 3,696,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-18) Eloise Copper Mine · gold #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-19) Eloise Copper Mine · silver #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-20) Eloise Copper Mine · copper #### 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 factor: Moderate inferred tonnage with a very high copper grade of 2.5%, indicating good potential for resource expansion. - Positive factor: Cut-off grade is disclosed, allowing for better comparability. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-21) Eloise Copper Mine · gold #### 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 factor: Contained gold as a byproduct, adding value. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.7 Context: 2,124,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-22) Eloise Copper Mine · silver #### 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 factor: Contained silver as a byproduct, adding value. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 9.9 Context: 2,124,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-23) Mt Cuthbert Project · copper #### 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 factor: Significant indicated tonnage for the newly acquired project. - Positive factor: Adds substantial copper to the company's overall resource base. - Negative factor: Grade of 1.1% Cu is moderate for a copper resource. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 1.1 Context: 7,598,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-24) Mt Cuthbert Project · copper #### 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 factor: Very large inferred tonnage with a good copper grade of 1.5%, indicating significant exploration upside for the new acquisition. - Positive factor: Adds substantial copper to the company's overall resource base. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. - Negative factor: Cut-off grade not explicitly stated, limiting comparability. Evidence · table > 1.5 Context: 11,073,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-25) Sandy Creek Project · copper #### 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 factor: Moderate inferred tonnage with a reasonable copper grade. - Positive factor: Cut-off grade is disclosed, allowing for better comparability. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-26) Sandy Creek Project · gold #### 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 factor: Contained gold as a byproduct, adding value. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.3 Context: 2,620,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-27) Sandy Creek Project · silver #### 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 factor: Contained silver as a byproduct, adding value. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 4.4 Context: 2,620,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-28) Artemis Project · copper #### 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 factor: Moderate copper grade for an inferred resource. - Positive factor: Cut-off grade is disclosed, allowing for better comparability. - Negative factor: Small tonnage for an inferred resource. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 1.4 Context: 580,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-29) Artemis Project · gold #### 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 factor: Good gold grade for an inferred resource, providing valuable byproduct credits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.1 Context: 580,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-30) Artemis Project · silver #### 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 factor: Good silver grade for an inferred resource, providing valuable byproduct credits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 45.5 Context: 580,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-31) Combined Total · copper #### 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 factor: Highest confidence category for a portion of the combined resource. - Negative factor: Very small tonnage for the measured category. Evidence · table > 1.6 Context: 28,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-32) Combined Total · gold #### 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 factor: Byproduct gold adds value to the measured resource. Evidence · table > 0.6 Context: 28,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-33) Combined Total · silver #### 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 factor: Byproduct silver adds value to the measured resource. Evidence · table > 7.3 Context: 28,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-34) Combined Total · copper #### 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 factor: Very large indicated tonnage with a strong copper grade of 1.8%, providing a robust foundation for future production. - Positive factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-35) Combined Total · gold #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-36) Combined Total · silver #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-37) Combined Total · copper #### 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 factor: Very large inferred tonnage with a good copper grade of 1.7%, indicating substantial future growth potential for the company. - Positive factor: Adds significant copper to the company's overall resource base. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-38) Combined Total · gold #### 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 factor: Significant contained gold as a byproduct, adding value to the combined inferred resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.3 Context: 29,248,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-39) Combined Total · silver #### 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 factor: Significant contained silver as a byproduct, adding value to the combined inferred resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 3.1 Context: 29,248,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Combined Total [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-40) Combined Total · copper #### 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 factor: Very large total copper resource of 877,800 tonnes, significantly enhancing the company's scale. - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Combined Total [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-41) Combined Total · gold #### 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 factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Combined Total [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-resource-facts-42) Combined Total · silver #### 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 factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ## Metallurgical Results (1) ### toll processing [Link to this fact](https://atlas-staging.minestarters.com/news/a1m-investor-presentation-copper-project-acquisition--2a794cae-fca4-4910-b217-20e90943db92#fact-metallurgical-facts-43) Crusader · copper Historical result Needs review: historical\_restatement #### 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 factor: High copper recovery of 92% achieved through commercial-scale toll processing. - Positive factor: Demonstrates the amenability of Crusader sulphide material to conventional processing. - Negative factor: Result is historical \(from 2020\) and may not reflect current conditions or future processing plans. - Negative factor: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the mill\_cil signal **High Recovery** Polarity: positive Definition: 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.