Aeris Resources is an established copper mining and exploration company listed on the Australian Securities Exchange (ASX: AIS).
The Company’s flagship asset, the Tritton Copper Operations (Tritton) in New South Wales, produced 26,686 tonnes of copper in FY2018 and is targeting production of between 26,450 and 26,650 tonnes of copper in FY2019. 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 has 70% of the exciting Torrens Exploration Project (Torrens) in South Australia. Torrens is defined by a coincidental magnetic and gravity anomalous zone with a footprint larger
than Olympic Dam. Stage 1 diamond drilling program, targeting IOCG style mineralisation, commences in Q1 2019.
The Board and Executive team have positioned Aeris to grow into a mid-sized, multi-mine company. The growth strategy includes:
- Continuing exploration investment on the highly prospective Tritton tenement package to build the Mineral Resource inventory and leverage existing infrastructure at the Tritton Copper Operations;
- Progressing on the ground activity at the Torrens Project in South Australia to evaluate the identified gravity anomalies; and
- Seeking appropriate merger and acquisition opportunities.