Gold and copper miner AIC Mines has significantly increased the mineral resources of its Jericho deposit, setting the stage to transform the Eloise copper mine into a cornerstone asset.
The mineral resource estimate is now 14.1-million tonnes, grading 2% copper and 0.4 g/t gold, containing 285 000 t of copper and 176 000 oz of gold. This represents a 59% increase in contained copper and 60% increase in contained gold.
Importantly, the indicated resource totals 5.6-million tonnes, containing 117 300 t of copper and 71 800 t of gold.
“Jericho is shaping up to be one of the most exciting new copper projects in Australia,” said MD Aaron Colleran.
The planned development of Jericho and the expansion of the Eloise processing plant will increase production to more than 20 000 t/y of copper and 10 000 oz/y of gold.