AIC MINES LIMITED (A1M)

The suspension of trading in the securities of AIC Mines Limited will be lifted from the commencement of trading on Friday, 5 November 2021 following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

The company lodges the following: Appendix 1A, Information Form and Checklist and Annexure 1, Constitution, Eloise Copper Mine Financial Statements FY20 & FY21, Pro Forma Statement of Financial Position, Equity Participation Plan, Securities Trading Policy, Distribution Schedule and Top 20 Holders List, Terms of Performance Incentives, Pre-Reinstatement Disclosure.

The securities of A1M are expected to be reinstated to Official Quotation at the commencement of trading at 10.00am (+/- 15 seconds) AEDT on Friday, 5 November 2021, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. A1M raised $40,000,000 pursuant to the offer made under its prospectus dated 27 September 2021 ("˜Prospectus') by the issue of 160,000,000 shares at an issue price of $0.25 per share.

The company has completed the acquisition of the Eloise Copper Mine from FMR Investments Pty Ltd. The Company's shares are expected to be reinstated to trading on the ASX on 5 November 2021.

The Company's General Offer and Priority Allocation of 160 million shares at an issue price of $0.25 per share to raise up to $40 million (before costs) has successfully closed at the maximum subscription amount. The funding will be used to pay the cash component of the acquisition of the Eloise Copper Mine in Queensland as well as provide sufficient capital for working capital movements, accelerated exploration expenditure and environmental performance bonds.

The company releases the results of its 2021 general meeting.

The company releases its Chairman's Address to Shareholders.

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

The company is pleased to provide existing AIC shareholders with the opportunity to participate in the Priority Allocation component of the Company's $40 million Capital Raising. AIC minority shareholders are given priority (on an individual basis) for an allocation of shares under the Priority Allocation consisting of up to 20,000,000 shares at an offer price of $0.25 per share to raise up to $5 million (before costs).

The company releases an Investor Presentation.

The company releases a notice of proposed issue of securities.

The company lodges a prospectus for an offer of 160,000,000 Shares at an issue price of $0.25 to raise up to $40,000,000 (before costs).

Reverse circulation drilling has commenced at its Marymia Project located 160 kilometres south of Newman in the Gascoyne region of Western Australia.

The Company has now: Sent notifications to AIC shareholders providing details for electronic access to a Notice of Meeting and Explanatory Statement outlining information relevant to shareholder approval of the Acquisition and Capital Raising. A General Meeting of the Company will be held on 25 October 2021 to seek shareholder approval for the Acquisition and Capital Raising. Voting is now open. Lodged a Prospectus for the Capital Raising with ASIC. This Prospectus providesinformation on the public offer of fully paid ordinary shares in the capital of the Company to raise up to $40,000,000 (before costs).

The company releases a letter to its shareholders regarding the general meeting.

The company releases a notice of meeting. The general meeting will be held at The Kings Park Room, Vibe Hotel Subiaco, 9 Alvan Street, Subiaco 6008, Western Australia on Monday 25 October 2021 at 11am.

RC drilling has commenced at its Lamil Gold-Copper Project located 30 kilometres west of the Telfer Gold-Copper Mine in the highly prospective Paterson Province of Western Australia.

The company releases an Investor Presentation.

AIC Copper Pty Ltd has entered into an agreement to acquire the Eloise Copper Mine from FMR Investments. The Transaction is subject to conditions precedent, which include AIC obtaining shareholder approval of the Transaction and receiving conditional approval from ASX for re-admission of AIC's securities to official quotation.

The securities of AIC Mines Limited will be suspended from quotation immediately, at the request of A1M, pending the release of an announcement regarding a proposed material acquisition. ASX has exercised its discretions under Listing Rule 11.1.2 to require the Proposed Acquisition to be conditional on approval by A1M's ordinary security holders and under Listing Rule 11.1.3 to require A1M to recomply with Chapters 1 and 2 of the Listing Rules. It is expected that A1M's securities will remain suspended until A1M has recompiled with Chapters 1 and 2 of the Listing Rules.

The suspension of trading in the securities of AIC Mines Limited will be lifted immediately, following the release by A1M of an announcement regarding a capital raising.

The company releases an Investor Presentation.

Strongly supported $2.6 million Placement to existing and new professional and sophisticated investors. A 1-for-7 Entitlement Offer to raise up to an additional $2.1 million. Net proceeds of the Placement and Entitlement Offer to fund an inaugural drilling program at the Lamil Project as well as ongoing exploration, geophysics and drilling programs at the Marymia Project, and assessing new opportunities.

The securities of AIC Mines Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of A1M, pending the release of an announcement regarding a capital raising.

name changed from AIC Mines Limited