Despite a softer production quarter, Eloise generated A$0.7M in positive mine cash flows. With 9.8kt of payable copper produced at an average AISC of ~A$4.91/lb during the first three quarters, A1M is well on its way to exceeding its 12.5kt Cu at AISC A$5.00/lb Cu annual production target. All going to plan, improved metal prices should generate further positive cash flows in the June quarter. Progression of a debt funding solution for the Eloise plant upgrade and/or Jericho build out could crystallise value.
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