A1M.ASX: Eloise Regional Exploration Update

Eloise Regional Exploration Update

Stock	Aic Mines Ltd (A1M.ASX)
Release Time	6 Aug 2026, 9:18 a.m.
Price Sensitive	Yes

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AIC Mines Reports Positive Exploration Results at Iris and Eloise South

Key Points

Extensive copper mineralisation confirmed at Iris prospect
High-grade gold intersected at Eloise South prospect
Iris prospect shares geological characteristics with Jericho deposit
Eloise South prospect shows significant gold potential
Further drilling planned to test mineralisation extent

Full Summary

AIC Mines Limited (ASX: A1M) has announced new drilling results from the Eloise Regional exploration at the Iris and Eloise South prospects, both located near the Eloise copper mine in North Queensland. The Iris prospect has defined anomalous copper and gold mineralisation over a strike length of 1.5 kilometres, with significant results including 1.8m grading 1.1% Cu and 0.2g/t Au, and 7.7m grading 0.7% Cu and 0.2g/t Au. The Eloise South prospect, located 2 kilometres south of the Eloise copper mine, intersected high-grade gold mineralisation, with results including 3.2m grading 92.5g/t Au, including 1.2m grading 249g/t Au. The Iris prospect is geologically similar to the Jericho deposit, suggesting potential for high-grade copper shoots. Drilling at Eloise South highlights significant gold potential. Further drilling is planned at both prospects during the current field season.