AIC Mines Limited (AU:A1M) has released an update.
AIC Mines Limited has announced the grant of the Jericho Mining Lease by the Queensland Government, marking a significant milestone for the company’s growth strategy and its copper and gold asset portfolio. The approval enables the commencement of surface works and mine development, promising employment for approximately 150 people during construction and 100 permanent positions thereafter. The development of Jericho is expected to enhance the production capabilities of the Eloise Copper Mine and contribute to meeting the global demand for copper.
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