Hawke’s Point participated in the $55.0 million institutional capital raise for AIC Mines Limited (“AIC Mines”). In conjunction with this investment, Hawke’s Point has entered into a strategic investor agreement, establishing a framework for future support and collaboration.

AIC Mines is a Queensland, Australia-based copper mining, exploration, and development company. It owns the Eloise copper mine, a high-grade operating underground mine, and the Jericho deposit, located near Eloise.

The funds raised will enable AIC Mines to advance development of the Jericho copper mine and expand the existing Eloise processing plant.

Hawke’s Point views its investment in AIC Mines as a compelling opportunity to gain exposure to a copper asset with strong growth potential and a range of attractive characteristics. We look forward to supporting the AIC Mines team as they execute on their strategic vision.