M&A

AIC aims to buy Detmetallica and expand copper-gold production

COPPER miner AIC Mines is making a "logical" play for recent IPO explorer Demetallica, lobbing a scrip bid for the new company at a 35-70% premium depending on the timeframe considered.

Portal at Eloise, Qld

Portal at Eloise, Qld

AIC mines and processes copper and gold at Eloise south of Cloncurry in Queensland, while Demetallica is exploring a copper-gold deposit 4km away called Jericho. The latter has a current inferred resource...

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