Aeris Resources Ltd (ASX:AIS), a copper and gold producer, has gained a new substantial holder in Paradice Investment Management Pty Ltd.
Sydney-based Paradice became a substantial holder on December 9 and now holds almost 133.738 million securities in the company for a 7.05% stake.
This figure has been accumulated since October 2020 with a series of transactions valued at almost $9.753 million.
Constellation deposit delivers
The company continues to intersect sulphides during initial drilling of the new Constellation prospect within the Tritton copper tenement package in NSW with the third hole returning a 26.2-metre zone of disseminated and banded sulphides.
This zone from 234.5 metres downhole in hole TAKD003 included an 8.2-metre interval of massive pyrite bands with visible chalcopyrite.
It is the third hole at the prospect, formerly known as Anomaly K, with all holes hitting sulphides, enhancing the copper story at Tritton operations.
TAKD003 was designed to test the modelled EM plate 80 metres down dip from the 18.8-metre-thick sulphide horizon intersected in drill hole TAKD001.