FY27 September Quarterly Report

• Eloise and Jericho produced 3,072t of copper and 1,562oz of gold in concentrate
• Eloise achieved an AISC of $4.86/lb and an AIC of $5.01/lb
• Record quarterly net mine cash flow of $33.4 million
• Expansion of Eloise processing plant ahead of schedule
• First stope fired at Jericho, two weeks ahead of schedule

AIC Mines Ltd has released its quarterly report for the period ending 30 September 2026. The report highlights production from the Eloise and Jericho mines, which produced 3,072 tonnes of copper and 1,562 ounces of gold in concentrate. Eloise achieved an AISC of $4.86/lb and an AIC of $5.01/lb, showing improved production costs quarter-on-quarter. Eloise also generated a record quarterly net mine cash flow of $33.4 million after capital investment of $7.9 million, driven by increased copper sales and a strong metal price environment. The company maintains its full-year guidance for copper and gold production and costs. Additionally, the commissioning of the expanded 1.1Mtpa Eloise processing plant is ahead of schedule, and the first stope was fired at Jericho, approximately two weeks ahead of schedule.

FY27 copper production: 17,500 - 18,500t; gold production: 7,250 - 7,750oz; AISC: $4.80/lb - $5.20/lb; AIC: $5.20/lb - $5.60/lb

AIC Mines maintains its full-year production and cost guidance for FY27. The company is optimistic about the ramp-up of the expanded Eloise processing plant and the initial production rates from Jericho.