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Aeris Resources Ltd

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Market:
ASX
Market Cap:
$26.89 m
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Aeris Resources is an established copper mining and exploration company listed on the Australian Securities Exchange (ASX: AIS).

Tritton

The Tritton Copper Operations located near the town of Nyngan in central New South Wales is operated by Tritton Resources Pty Ltd, a 100 per cent owned subsidiary of Aeris Resources Limited.

There are two active underground mines, Tritton Underground Mine (Tritton) and Murrawombie Underground Mine (Murrawombie). The combined ore production from both mines is treated at the Tritton ore processing plant, which has a processing capacity of up to 1.8 million tonnes per annum, depending on the hardness of the ore.

There are four additional mine projects scheduled for future production, which together with Tritton and Murrawombie form the current Life of Mine plan (LOM). These projects will supplement and then replace production from Tritton and Murrawombie as the latter are exhausted.

Brownfields exploration at the Tritton deposit has identified a number of opportunities to extend the life of the operation, including extensions to the orebody.  Importantly, both the Tritton and Murrawombie deposits remain open at depth.   Aeris is confident that drilling will grow these known deposits and that mine life will progressively extend. Exploration success in finding new deposits in this highly prospective region could increase production rates and/or increase the life of the operation.

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Other projects

Exploration outside the Tritton operations area

The Company holds a number of prospective regional exploration tenements across Australia in New South Wales and Queensland.

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Torrens Project

The Torrens Project (EL5614) is a joint venture between Aeris Resources (70% interest) and Kelaray Pty Ltd (a wholly owned subsidiary of Argonaut Resources NL) and is exploring for iron-oxide copper-gold (IOCG) systems.

EL5614 is located within the highly prospective Stuart Shelf Region of South Australia and lies within 50 kilometres of Oz Minerals’ Carrapateena deposit and 75 kilometres from BHP’s Olympic Dam mine. The Torrens Anomaly, a large regionally significant coincident magnetic and gravity anomaly with a footprint in excess 120km2 (larger footprint than Olympic Dam) is located within EL5614.

Within the Torrens Project area, geophysical modelling/interpretation has identified 28 geophysical anomalies based on gravity and magnetic geophysical datasets.  Of the 28 anomalies identified, 12 are based on gravity only anomalies[

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Last updated 25th July 2019

André Labuschagne
Executive Chairman

André Labuschagne is an experienced mining executive with a career spanning more than 25 years, primarily in the gold industry.

He has held various executive roles in South Africa, PNG, Fiji and Australia for a number of leading gold companies, including Emperor Gold Mines, DRD Gold and AngloGold Ashanti. Previously as the Managing Director of ASX-listed gold company Norton Gold Fields Limited, Mr Labuschagne led the company’s growth to a significant Australian gold producer, prior to its sale to a major Chinese gold company in 2012.

Mr Labuschagne holds a Bachelor of Commerce degree from Potchefstroom University in South Africa.


Alastair Morrison
Non Executive Director

Alastair Morrison is a highly experienced international banker. Mr Morrison has worked in private equity for over 25 years in the UK and Asia and has broad experience in growing companies across a range of industrial sectors.

He was a founding Managing Director of Standard Chartered Private Equity and with Standard Chartered Bank from April 2002 until March 2014. Prior to joining Standard Chartered Bank he spent 20 years at 3i Group, the leading European private equity house, where he was Director for 3i Asia Pacific that He co-founded in 1997.

Mr Morrison holds an M.A. degree in Politics, Philosophy and Economics and M.Phil degree in Management Studies from Oxford University.  Mr Morrison is a member both the Audit Committee and the Remuneration Committee.


Michele Muscillo
Non Executive Director

Mr Muscillo is a Partner specialising in corporate law with HopgoodGanim Lawyers. He is an admitted Solicitor and has a practice focusing almost exclusively on mergers and acquisitions, and capital raising.

He has a Bachelor of Laws from Queensland University of Technology and was a recipient of the QUT University Medal.

In his role with HopgoodGanim Lawyers, Mr Muscillo has acted on a variety of corporate transactions including initial public offerings, takeovers and other acquisitions. Michele’s experience brings to the Board expertise on corporate regulation, governance and compliance matters.

Mr Muscillo is the Chairman of the Audit and Risk Management Committee, the Remuneration and Nomination Committee.


Marcus Derwin
Non-Executive Director

Marcus is a highly experienced corporate executive and Board director, with an extensive background in corporate restructuring. He brings international experience, across a diverse range of industry sectors. His professional career has encompassed a combination of advisory and principal executive capacities, including managing a $A2Bn global Alternative Assets portfolio over 5 years and also the formation and management of a $A550m LIC. Additionally, he has advised boards – both public and private and worked within and alongside executive teams on implementation, stakeholder management and recapitalisation strategies. Marcus’ professional background includes senior roles at AMP, National Australia Bank, Allco Equity Partners, PwC and KPMG.

Mr Derwin holds a Bachelor of Business degree from the Queensland University of Technology,  a Masters of Commerce degree from the University of New South Wales and is a member of the Institute of Chartered Accountants (ICA), Australia and New Zealand.

 

Last updated 25th July 2019

Contact us at: Level 2,  HQ South Tower,
520 Wickham Street,
Fortitude Valley, Brisbane QLD 4006 Australia

t +61 7 3034 6200
e [email protected]

Registered and Head Office

Suite 2.2, Level 2, HQ South Tower,
520 Wickham Street,
Fortitude Valley, Brisbane QLD 4006

t +61 7 3034 6200
f +61 7 3034 6290
e [email protected]


Auditor

PricewaterhouseCoopers
Chartered Accountants

Riverside Centre
1 Eagle Street,
Brisbane QLD 4006


Share Registry

Link Market Services Limited
Level 15, 324 Queen Street,
Brisbane QLD 4000

t +61 2 8280 7111
f +61 2 9287 0303
w www.linkmarketservices.com.au
e [email protected]


Stock Exchange Listing

Australian Securities Exchange
ASX Code: AIS

 

Last updated 25th July 2019