en.Wedoany.com Reported - AIC Mining recently announced the latest mineral resource and ore reserve assessment results for its Eloise and Jericho copper projects located in the North Queensland region of Australia, marking the largest growth in the company's resource base in its 30-year history.
The consolidated mineral resource for the Eloise project has increased by 10% to 31.2 million tonnes, with a copper grade of 2% and a gold grade of 0.4 g/t, containing 631,800 tonnes of copper and over 445,000 ounces of gold. Copper and gold reserves increased by 12% and 9%, respectively.
The Jericho project has also identified additional resources through resource extension drilling, demonstrating good geological continuity, with the orebody remaining open along strike and at depth. The project's mineral resource has grown by 15% to 22.1 million tonnes, with a copper grade of 2% and a gold grade of 0.4 g/t, containing 444,000 tonnes of copper and 275,000 ounces of gold.
Recent underground development work at the Jericho project has further confirmed that the mineralization characteristics and geotechnical conditions align with the geological model, effectively reducing risks associated with mining and production ramp-up.
AIC Mining Managing Director Aaron Colleran stated in a release: "The resource definition and extension drilling completed during the 2025 field season have increased resources and optimized reserves at both Eloise and Jericho — reaffirming the high quality of these deposits and the deep knowledge our exploration and geology teams have built in geology, geophysics, geochemistry, and structure."
"The upgraded resources and reserves at Eloise and Jericho strengthen the long-term development prospects of the projects, supporting potential mine life extension and future production growth. The timing is favorable for holding copper resources, as rapid development in renewable energy, electric vehicles, and artificial intelligence infrastructure projects is driving a significant rise in global copper demand."
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