A1M
Aic Mines
AIC Mines Limited engages in mining and exploration with a focus on copper, gold, and silver in North Queensland, Australia. The company aims to deliver growth through the acquisition and development of resource projects. AIC Mines combines experienced management and efficient, low-cost operations to capitalize on the growing demand for base and precious metals.
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Company Overview
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AIC Mines Limited engages in mining and exploration with a focus on copper, gold, and silver in North Queensland, Australia. The company aims to deliver growth through the acquisition and development of resource projects. AIC Mines combines experienced management and efficient, low-cost operations to capitalize on the growing demand for base and precious metals.
Company History
AIC Mines Limited was founded in 1993 and has evolved through significant exploration activities primarily in North Queensland. The company underwent a series of strategic acquisitions to bolster its resource base, notably focusing its efforts on copper and gold deposits. AIC Mines is committed to expanding its resource portfolio and maximizing shareholder value through sustainable and responsible mining practices.
Competitive Advantages
AIC Mines benefits from proprietary technology in mineral extraction, a robust portfolio of copper and gold assets, and strong relationships with key stakeholders in the North Queensland mining community. Their strategic geographic presence provides a competitive edge in accessing high-demand markets.
Risk Factors
- •Fluctuation in global commodity prices impacting profitability
- •Operational risks related to mining activities, including environmental and safety concerns
- •Regulatory risks due to changes in mining laws and policies
Recent Developments
Last 6 months
In the last six months, AIC Mines announced the acquisition of a new copper project in North Queensland and reported a 20% increase in quarterly production due to augmented operational efficiencies.
Key People
Leadership team at Aic Mines
Aaron Colleran
CEO
Aaron Colleran has a strong track record in the mining industry, with extensive experience in business development and project management. He joined AIC Mines in 2020, bringing a wealth of knowledge in strategic acquisitions and resource development.
Pat McManus
CFO
Pat McManus has served as CFO of AIC Mines, leveraging over two decades of financial management expertise in the mining sector. He is instrumental in overseeing the financial strategy and operations of the company, ensuring financial health and compliance.
Mr. Aaron Mark Colleran B.Com., B.E., BCom Finance, BEng Geology, M.A.I.C.
MD, CEO & Director
Mr. John Callagher
Chief Financial Officer
Mr. Tim Benfield Dip CSM, MAusIMM, MBA
Chief Operating Officer
Ms. Audrey Ferguson
Company Secretary
Financial Reports
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