AIC Mines (ASX:A1M) reached the Jericho copper deposit underground through the Jericho access drive developed from the Eloise copper mine in Queensland, according to a Monday filing with the Australian bourse.
Access to the area confirmed the mineralization style, hanging wall competence, and ground conditions aligned with the geological model, the filing said.
Shares fell 3% in morning trade Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.