Near Term, High Purity Gypsum Development Opportunity Located in South Australia
AIC Mines Limited (ASX: A1M) (AIC Mines or the Company) has appointed Argonaut PCF Limited (Argonaut PCF) to seek Non-Binding Indicative Offers (NBIOs) for the acquisition, or such other arrangement to the satisfaction of the Company, of its 100% owned Lake Purdilla Project (Lake Purdilla or the Project).
The Project hosts a JORC Compliant Mineral Resource of 87Mt at 91% purity gypsum and is located on the South Australian coast, approximately 130km southeast of Ceduna and 15km south of the township of Streaky Bay. The Project consists of two Exploration Licences, covering a total area of 219sqkm.
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