Demetallica’s Managing Director, Andrew Woskett said:Delivery of...

Demetallica’s Managing Director, Andrew Woskett said:

Delivery of the MRE - consistent with our expectations - is testament to the consistency of the Jericho mineral system. Our
geoscience team’s intimate understanding of the geology is honed through association with the project dating from pre-discovery
days to the present. With 27% of the MRE deemed Indicated Resource it is clear that Demetallica is steadily building a platform for
development assessment of Jericho.
Extremely pleasing is the additional Exploration Target of 9 – 13Mt grading 1.3 – 1.8% Cu, 0.25 – 0.35g/t Au and 1.4 – 2g/t Ag,
demonstrating considerable potential to continue growing the Jericho Resource through further drilling around the current MRE.
In the context of the takeover offer tabled by AIC Mines in September, we urge shareholders to consider the value of Jericho,
particularly its value to AIC Mines, given the considerable extension to mine life Jericho may provide for AIC’s Eloise Mine.