A1M continues to improve performance at its flagship Eloise asset. Following a strong second quarter, the operation remains on track to meet published FY2024 cost and production targets. In the March quarter, the operation will source more ore from Macy and Elrose-Levuka North. Growth in the Jericho Resource is consistent with our expectations and vindicates A1M’s 2023 takeover of Demetallica. Jericho’s development is expected to underpin the Eloise Operation’s growth to 20ktpa of copper production. Potential catalysts may include near mine or regional exploration success, finalisation of Jericho’s permitting and efficient execution of planned growth projects.
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