Bell Potter bets on Australia's AIC Mines on increased estimates for copper project
24/03/2025 24:04
** Bell Potter says miner AIC Mines' A1M.AX updated Mineral Resource Estimates (MREs) for its Eloise and Jericho deposits at Eloise Copper Mine in North Queensland represent compelling value for a well-managed, Australian copper producer ** Brokerage says that the update incorporates exploration and resource definition drilling completed in 2024 and has resulted in a considerable increase in the Jericho MRE ** Bell Potter maintained its earnings forecasts and "Buy" rating but raised the target price to A$0.66/share, from A$0.62 earlier ** Stock up 20.6% YTD (Reporting by Kumar Tanishk in Bengaluru) ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
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