Business Summary

AIC Mines Limited is an Australia-based resources company. The Company is engaged in the exploration, mine development, mine operations and the sale of copper concentrate in Australia. Its projects include the Marymia Project and Lamil Project. It owns Eloise Copper Mine, which is located in North Queensland, approximately 60 kilometers South East of Cloncurry and 155 kilometers East-Southeast of Mt Isa. The Marymia Project is located approximately 160 kilometers south of Newman in the eastern Gascoyne region of Western Australia and covers approximately 3,600 square kilometers. The Lamil Project covers approximately 1,280 square kilometers and over 90 kilometers in length and is located midway between the Telfer gold-copper mine and the Nifty copper mine. The Lamil Project is located within the prospective Paterson Province of remote Northwestern Australia. It has also applied for two exploration licenses in western New South Wales called the Delamerian Project.