A1M: General Comments, page-12

I follow Keith Goodes twitter Feed and AIC popper up a couple of weeks ago and after a quick review I was a buyer.

What got me really interested was this from DRM resource upgrade announcement


Eloise Deeps Exploration Target
Demetallica’s tenement EPM 17838 abuts AIC Mines’ Eloise copper mine lease ML 90155 (Figures 3, 7 and 8). Figures 7 and 8
show drill hole ED159 extending into EPM 17838 from ML 90155. ED159 was drilled from underground at Eloise Mine in 2020.
Minotaur Exploration Ltd gave express permission for hole ED159 to enter EPM 17838 and was provided by Eloise Mine’s then
owner, FMR Investments, with assay and hole data therefrom relevant to EPM 17838 (Tables 2 and 3). The drill hole returned a
spectacular intersection inside EPM 17838 of:
• 76.15m @ 4.35% Cu, 1.25g/t Au from 316.1 metres (downhole), including;
○ 42.1m @ 6.27% Cu, 1.77g/t Au from 345.15 metres
ED159 was drilled through the down-plunge trajectory of Eloise Mine’s ‘Eloise Deeps’ lode.
Demetallica estimates the single drill hole ED159 represents an Exploration Target within EPM 17838 of 1.4-2Mt at 3-3.5% Cu
and 1-2g/t Au: a very significant objective. The Exploration Target combines the values of copper and gold from the intercept in
ED159 within EPM 17838 with copper and gold grades of Eloise Mine’s Elrose Levuka South – Lower Resource, as published by
AIC on 22 August 20222, to derive a range of applicable copper and gold grades. The Exploration Target tonnage is estimated in
the range 510,000-725,000 cubic metres (refer Figure 8 for approximate outline of the upper volumetric range and JORC Table