Ann: High-Grade Depth Extensions at Jericho, page-16

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Friday, 13 June 2025

A1M - AIC MINES LIMITED

Shaw and Partners rates A1M as Buy (1) - AIC Mines reported drill results at the Jericho deposit, which showed high grades and copper mineralisation. Shaw and Partners notes they will increase the overall size of the mineral resource and boost the indicated resource category.

The broker has once again reminded investors recent copper-focused takeovers on the ASX deliver a clear signal: if equity markets continue to undervalue developers and explorers, global majors will seize the opportunity.

The broker notes New World Resources ((NWR)) is trading above its bid price, suggesting further acquisition is likely in the copper arena.

The company is the analysts' preferred copper producer, providing leveraged exposure to the Australian dollar copper price, consistent production and future growth.

Target $1.10. Buy.

Target price is $1.10 Current Price is $0.34 Difference: $0.765 If A1M meets the Shaw and Partners target it will return approximately 228% (excluding dividends, fees and charges). Current consensus price target is $0.80, suggesting upside of 137.8%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY25:

Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.90 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.59. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 3.8, implying annual growth of 133.1%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 8.8.

Forecast for FY26:

Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 6.60 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.08. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.3, implying annual growth of 65.8%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 5.3.

Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources