Aeris Resources Limited (ASX:AIS)
Aeris Resources is an established copper mining and exploration company listed on the Australian Securities Exchange (ASX:AIS) and headquartered in Brisbane, Queensland.
Aeris Resources’ (Aeris or the Company) flagship asset, the Tritton Copper Operations (Tritton) in New South Wales, produced 26,852 tonnes of copper in FY2019 and is targeting production of 24,500 tonnes in FY2020. Tritton includes multiple underground mines (Tritton and Murrawombie) and a 1.8 million tonne per annum processing plant. Tritton also has a pipeline of advanced mining projects and a highly prospective tenement package covering 2,160km2, on which to date over 750,000 tonnes of copper has been discovered.
The Company also holds 70% of the exciting Torrens Exploration Project (Torrens) in South Australia. Torrens is defined by a coincident magnetic and gravity anomalous zone with a footprint larger than Olympic Dam. Stage 1 diamond drilling program, targeting IOCG style mineralisation, commenced during the first quarter of 2019 with two drill holes successfully completed to target definition by the end of the June 2019.
The Board and Executive team have positioned Aeris to grow into a mid-sized, multi-mine company. The growth strategy includes:
- Continued exploration within the highly prospective Tritton and Torrens tenement packages; and
- Seeking opportunities to add value for shareholders through mergers and acquisitions, with a focus on copper, and other base metals.