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.
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The company has a growing portfolio of copper and gold operations, development projects and exploration prospects with a clear vision to become a mid-tier mining company.
The assay results from the four diamond drill holes demonstrate the high-grade potential within the overall broader Canbelego copper lode structures.
Ahead of the new financial year, Aeris has strengthened its bank balance and detailed its exploration strategy as it works towards becoming the ASX’s next mid-tier miner.
Diamond drilling continues to expand the strike and depth of the satellite copper deposit, with the company confident this increases the potential of a large discovery at Constellation.
The latest batch of copper results from a lucrative deposit within Aeris’ Tritton tenements have piqued investor interest, helping the stock’s share price reach new heights.
Aeris has now traced mineralisation 850 metres down plunge which remains open down plunge and along strike.
The second diamond drill hole of the 2021 program has intersected 29.5 metres of copper sulphide mineralisation at the project and has extended copper mineralisation a further 80 metres.
The company has increased the Klondyke and Royal gold deposit resource estimate by 324% and continues to receive strong copper results in ongoing drilling at Constellation deposit.
Helix’s exploration base will transfer from Perth, Western Australia, to Orange to be closer to its core projects in central NSW, with geologists and field crew now on-site at Canbelego.
Aeris continues to enhance the copper potential of Constellation discovery within its 100%-owned Tritton tenement package in western NSW with high-grade copper results from six holes of an 11-hole drilling program.
The company's recent assay results support previously reported high-grade copper assays and indicate the mineralisation remains open down plunge and along strike.
The new assay results support previously reported high-grade copper assays and indicate the mineralisation remains open down plunge and along strike.
Since the start of July 2020, the company has completed the acquisition of Cracow, discovered the Constellation deposit and significantly improved its balance sheet.
After encouraging assays received from Constellation deposit, the company is working on the next phase drill program which aims to better define the boundaries of the satellite deposit.
The company plans to aggressively explore near-mine underground targets, potential open pits and greenfields exploration at its Cracow Gold Operations.
During the quarter, the company released an updated mineral resource for its Cracow Gold operations in Queensland.
Straits Mineral Investment has acquired a further 7,407,407 shares, taking its total holding to 29,629,630 shares.
After encouraging assays, the company is working on the next phase drill program which aims to better define the boundaries of the deposit.
The equity position in GBM follows the sale by Aeris of the Yandan Gold Exploration Project.
Aeris will receive $3 million in GBM shares and a 1.5% NSR on the first 300,000 ounces of gold equivalent mined from the Yandan tenements.
