Established Australian copper-gold producer and explorer, Aeris Resources Limited (ASX: AIS) today advised that it has paid the third quarterly instalment of A$7.5 million under its Acquisition Bridging Facility (Tranche C), two weeks ahead of its scheduled date. Additionally, US$2.5 million has been voluntarily repaid off the US$ Tranche B Facility.
A$7.5 million instalment on Tranche C Facility paid ahead of schedule.
Further voluntary repayment (US$2.5 million) off Tranche B Facility.
Aeris’ Executive Chairman, Andre Labuschagne, said:
“The strong cashflows generated from Cracow and Tritton over the last 8 months has enabled us to reduce debt levels ahead of schedule. Since completing the Cracow acquisition on 1July 2020 approximately A$28 million in debt has been paid down.”
“With a strengthened balance sheet, a pipeline of development projects and exploration upside at both operations, we are moving into an exciting new phase for the Company.”