A1M +7.01%: Announced commencement of drilling at their Jericho copper deposit, ahead of schedule, 4km from their Eloise project in Queensland. The drilling aims to upgrade inferred resources, with exploration at the site already extending resource estimates by 95%.
With the primary asset ramping up production, A1M is in a comfortable position to capture elevated copper prices whilst continuing to explore and develop its tenements. In addition to Jericho drilling, planned electromagnetic geophysical surveys should provide incremental upside by generating new drill targets, bolstering management’s plan to turn Eloise into a regional processing hub.
MM remains long and bullish A1M
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