AIC Mines Limited reported that resource extension drilling at the Levuka Lens has intersected high-grade mineralisation 100m outside of the current resource limits. A resource extension drilling program consisting of 8 holes for a total of 1,385.8m, on 75m spacing, was recently completed on the 150m Level in the Levuka development area (1000mBSL). The objective of the program was to test for high-grade mineralised lenses outside of the current Mineral Resource limits, west of the Levuka development area.

The results have confirmed high grade mineralisation 150m to 250m north and down dip of the current Mineral Resource area. Infill drilling is now underway. The drilling program returned the following significant intercepts: Hole ES136 - 3.1m (2.3m ETW) grading 1.75% Cu and 0.20g/t Au, Hole ES137 - 3.1m (2.3m ETW) grading 2.70% Cu and 0.3g/t Au, Hole ES139 - 2.8m (2.8m ETW) grading 1.96% Cu and 0.62g/t Au, Hole ES141 - 6.5m (4.6m ETW) grading 2.83% Cu and 1.15g/t Au, Hole ES142 - 10.2m (4.8m ETW) grading 2.27% Cu and 1.06g/t Au and Hole ES151 - 14.4m (6.9m ETW) grading 1.47% Cu and 0.27g/t Au.

Underground Resource Drilling: A 14,800m resource definition drilling program has been planned for the next 6 months and will focus on: Infill drilling of the Deeps (z330 to z360 levels) and the Macy North Inferred Resource areas. Infill drilling of Inferred Resources around current and historic development areas, including Macy, Chloe and Levuka. Resource extension at the Deeps, Elrose, Levuka North and South and Macy Upper areas.

A second LM90 underground diamond drill rig has recently commenced drilling. It has been contracted for up to 12-months. This is in addition to the AIC Mines owner-operated LM90 drill rig.

The new rig has commenced in the Deeps area.