AIC Mines jumps 8% as Jericho drilling hits high-grade copper; Nickel Industries rises on US$80 million EBITDA update

AIC Mines released drilling results from the Jolly shoot at its Jericho copper deposit in Northwest Queensland, reporting high-grade copper alongside gold and silver. Nickel Industries issued an operational update, saying adjusted EBITDA from operations in April and May was approximately US$80 million. The company also said it expects to receive approximately US$70 million in distributions by early July. Both announcements added support to the near-term supply and earnings narrative for their copper and nickel assets.