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AIC Mines Ltd IAUFF

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 Eloise Copper Mine, Marymia Project and Lamil Project. The Company owns the Eloise Copper Mine, a high-grade operating underground mine located Southeast of Cloncurry in North Queensland. It is also advancing a portfolio of exploration projects that are prospective for copper and gold, which include Jericho Copper Mine, Pyramid Project, Delamerian Project, Peake and Denison Copper Project and Windsor Base Metals Project. The Eloise Regional project consists of approximately 2,000 square kilometers (km2) of contiguous tenure. The Marymia Project is located approximately 160 kms south of Newman in the eastern Gascoyne region of Western Australia and covers approximately 3,600 km2. The Lamil Project is located in the Paterson Province of Western Australia.


OTCPK:IAUFF - Post by User

Bullboard Posts
Comment by b00gn1shon Jun 30, 2010 2:03pm
373 Views
Post# 17235213

RE: RE: RE: RE: RE: change of plans

RE: RE: RE: RE: RE: change of plansOK Thanks.  I do recall seeing that previously now that you've jarred loose my memory.
Definitely would be a separate press release for the reclassification.  Unclear how they would handle the news of exploration permit.  I would assume the site visit happened, and they are waiting on the Forestry Department, but that's only an assumption on my part.  I know some of Tujuh is in classified forestry zone and some is in a more lenient classification, but the way that is worded it sounds like they have halted all exploration completely.  If that's the case, we should expect a PR when they start back up, like you said originally.
Good to see that they held Northern Star's feet to the flame and extracted some more concessions on the sale of Paulsons in the form of sweeteners.  Much better deal now than it was originally.
Bullboard Posts

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