AIC Mines Limited explores for and develops gold and copper deposits in Australia. It holds a 100% interest in the Marymia project comprising an area of approximately 3,600 square kilometers located in the Eastern Gascoyne region of Western Australia; the Eloise copper mine located in North Queensland; and 65% interest in the Lamil project that covers an area of 1,200 square kilometers located in the Paterson Province of Western Australia. The company has also applied for two large exploration licenses located in the Delamerian Orogen in western New South Wales. AIC Mines Limited was incorporated in 1993 and is based in Subiaco, Australia.
Strategy: Aussie Materials
Return at exit: Live
Strong Momentum with Expansion-Driven Value
• AIC Mines has been selected by our ML engine due to exceptional market performance, with price returns of 93% over six months and 74% over one year, now trading at its 52-week high.
• The company demonstrates solid profitability with a 45% gross margin and 54.2M AUD in EBITDA, while maintaining an attractive growth-adjusted valuation with a PEG ratio of just 0.53.
• Jefferies recently raised their price target to A$0.650 while maintaining a Buy rating, reflecting strong analyst confidence (4 buy ratings, 1 hold).
• Two major expansion projects are set to increase copper production by 55%, providing clear growth catalysts: the Eloise processing capacity is expanding by 50%, while the Jericho copper mine development is on track for first ore by June 2026.