AIC Mines Limited (A1M) – $55m Two-Tranche Placement

Argonaut acted as Global Coordinator, Joint Lead Manager and Joint Bookrunner to the transaction which attracted strong demand from current major shareholders and key new Australian, North American, and British institutional investors.

The proceeds, in combination with the US$40M Prepayment Facility with Trafigura, will be used to fund the expansion of the Eloise processing plant, development of the new Jericho copper mine, and exploration drilling. Congratulations to Managing Director Aaron Colleran and the AIC Mines team for the successful transaction and continued progress in building a significant ASX-listed copper producer. Argonaut’s Corporate Finance team was led by Edward Rigg, Rob Telford, Max Carter-Mazak, and Harrison Shepherd, with ECM syndication led by Chris Wippl and George Ogilvie.