Torrens JV

Aeris’ South Australian greenfield exploration project, the Torrens Project, is a joint venture between Aeris (70% interest) and Kelaray Pty Ltd (a wholly owned subsidiary of Argonaut Resources NL).

The joint venture is exploring for iron-oxide copper-gold (IOCG) systems within exploration tenement EL6407. A trial passive seismic survey was undertaken during the year which was designed to clarify whether it’s possible to identify the Quaternary and Tertiary lithologies below Lake Torrens.

Four traverses were completed, totalling 19 line kilometres. The survey was successful in identifying the contact between the Arcoona quartzite and the overlying Tertiary sediments. Results from the survey will be used to update the stratigraphic models as a means to refine gravity geophysical models.