Daily Metals Mining Rundown for 19 Mar 2025 (intraday ASX)

Rundown of company announcements, valuations, and underlying metal prices, according to our compilation of publicly available information covering 9 important metals and more than 400 mining stocks, including mineral resource inventories, and including project NPV information for some 140+ developers.

Author

Host Rock Capital
March 18, 2025

Today’s metal price movers (over past ~5 hrs) and mining company peer group movers (intraday ASX trading and including yesterday’s TSX movements) include:

Today’s top and bottom 40 performing metals mining company stocks (of 430 in our Peer Table) intraday ASX trading and including yesterday’s TSX movements include:

Mining company announcements incorporated into today’s intraday ASX Peer Table (resource updates, economic studies, changes in attributable project ownership) include:

  • 19 Mar 2025 - Copper producer AIC Mines Limited (ASX:A1M) announced an updated resource for its Australian Eloise Copper underground mine and nearby satellites, following exploration and definition drilling completed in 2024. Importantly, resources grew significantly at the closest satellite (Jericho) which remains open along strike and at depth, with its indicated resources growing most by 54% in contained copper and 68% in contained gold which should bode well for future reserves conversions and plans for mill expansion to 1.1mtpa from 0.725mtpa for capex of A$60M. Overall combined resources across 4 deposits grew by 16% (copper) and 14% (gold) to 603 Mlbs CuEq (0.94 Moz AuEq) at a decent grade of 2.0% CuEq (2.6 g/t AuEq) - both at our estimated 3-month trailing average metal prices according to our Peer Table. A1M trades at a market cap/lb of US$0.09/sh (vs. management’s stated discovery cost of A$0.02/lb Cu for these new resources), which is a 6% discount to our copper producer median market cap/lb of US$0.10/lb CuEq ($64/oz AuEq). But what makes A1M most attractive is growing resource potential (feeding growing future production) from its wide open Jericho deposit, along with its vast regional land package of additional growth potential, all feeding its central processing hub at Eloise (for which there may even be room for additional expansion beyond 1.1mtpa in the longer-term).

Long Section of Jericho J1 and J2 Lens (looking west) showing Mineral Resources (Source: AIC Mines)

Project location plan (Source: AIC Mines)

Disclaimer: Provided for informational and educational purposes, and is not intended as investment advice. For full disclosures, visit www.hostrockcapital.com/disclosures.