AIC Mines Limited has reported encouraging new drilling results from its Jericho copper deposit in North Queensland. The company’s recent work has focused on both step-out and infill drilling programs at several high-grade shoots within the deposit. Notably, a step-out hole targeting the Billabong shoot intercepted 5.5 metres (with an estimated true width of 4.1 metres) of mineralisation grading 2.4% copper at a depth of 696 metres. This intercept, found 380 metres down-plunge from the main resource, confirms that high-grade copper continues well below the current inferred resource boundary. In addition to the Billabong result, the resource definition drilling at the Matilda and Matilda North shoots produced several significant intercepts. One intercept returned 15.2 metres (11.4 metres true width) grading 1.0% copper from 422.8 metres, while other holes recorded intervals of 10.0 metres grading 1.4% copper, 12.0 metres grading 1.9% copper (including a higher-grade subsection of 4.0 metres at 4.1% copper) and 7.0 metres grading 1.2% copper. These intersections were accompanied by minor gold and silver readings, further highlighting the multi-metal potential of the deposit. The Jericho copper deposit, with its mineralisation extending from 50 metres below surface to depths of up to 650 metres, lies just 4 kilometres south of the Eloise copper mine. The deposit is interpreted as occurring in two parallel lenses with distinct higher-grade shoots such as Matilda, Matilda North, Jumbuck, and Billabong. The recent drilling campaign aimed not only to extend high-grade mineralisation but also to provide the data necessary for upgrading a portion of the inferred resources to an indicated category. Further drilling, including follow-up work at additional shoots, is expected to confirm and expand the current resource estimates. Analysts note that the technical indicators from these drill results present an optimistic outlook. The extension of mineralisation to previously underexplored depths and the continuous nature of the high-grade zones suggest significant resource growth potential. On the technical side, high-grade intercepts with favourable true widths and copper grades support the possibility of expanding the resource base, which is a bullish sign for the company’s future prospects. From a sentiment perspective, the news leans bullish. The successful extension of high-grade mineralisation and the potential to convert inferred resources to an indicated category could drive investor confidence and add value to AIC Mines Limited’s asset portfolio. However, the inherent risks in exploration—such as variability in grades and the challenges of drilling in deeper, still undefined areas—mean that cautious optimism should be maintained. The results underscore solid progress while reminding investors that further work is required to fully delineate the deposit’s potential.