2145 GMT - Jefferies appears confident that AIC Mines can bridge the funding gap on its Jericho base-metals mine. It says A$156.2 million of Jericho capex remains outstanding. That comprises A$69.2 million for the Eloise plant expansion, A$53.3 million for the Jericho link drive and mine development, and A$33.7 million for non-plant infrastructure. Analyst Daniel Roden highlights a funding gap of some A$28.2 million. He expects this can be met through free cash flow from AIC's operations. Illustrating that point, AIC's management explained that free cash flow would rise by A$25.6 million if spot commodity prices hold for the remainder of FY 2026. Jefferies retains a buy call on AIC Mines. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 16, 2025 17:45 ET (21:45 GMT)
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