Aeris Resources hits 20 metre semi-massive copper sulphide zone
The Kurrajong prospect has potential to add mine life to the Tritton Copper Operations.
Company
ASX:AIS
Aeris Resources is a mid-tier base and precious metals producer. The company's copper dominant portfolio comprises two operating assets, a mine on care and maintenance, a long-life development project and a highly prospective exploration portfolio.
201 stories · page 10 of 11
The Kurrajong prospect has potential to add mine life to the Tritton Copper Operations.
Based on 2018 projections, Aeris will have reduced debt from US$136 million to US$49 million over the last five years.
March quarterly copper production increased by 402 tonnes on the previous quarter.
The company's shares have increased six-fold from their low of 0.6 cents in 2017.
The company already has a substantial copper producing asset in the Tritton copper operations.
Torrens joint venture is 30%-owned by Argonaut and 70% by Aeris Resources
The debt and capital restructure has formally now been completed.
The company produces copper from its Tritton Copper Operations in New South Wales.
Aeris is an established copper producer and developer with multiple growth opportunities.
Minister grants application under section 23 of the Aboriginal Heritage Act 1988.
The outcome of an application under the South Australian Aboriginal Heritage Act is pending.
The Torrens Copper Project has been a catalyst for improved share prices.
The company is focused on the Torrens Copper Project in South Australia.
An airborne gravity survey will be flown over the large-scale anomaly in January 2018.
In the event of a discovery, the Torrens anomaly has the scale to host a world-class copper-gold deposit.
Even after recent share price strength, Argonaut still has a market cap of only $12.5 million at its current price of $0.011.
Native title authority unlocks a very large iron oxide copper gold anomaly.
With the farm-in agreement at Cobar only recently being entered into, the rapid progression to the drilling phase shows that Silver City are committed to this new region and project.
The Torrens Joint Venture can now make an application for exploration approval in the absence of both registered native title claims and granted native title rights in the proposed exploration areas.