Aeris Resources (ASX: AIS) wrapped up the December quarter with 6,515 tonnes of copper produced over the three months, with higher ore grades being offset by lower tonnes mined and milled compared to the September quarter. Aeris says it expects to produce 24,500t of copper from its Tritton operation by the end of the 2019 financial year.
DECEMBER QUARTER HIGHLIGHTS
TRITTON COPPER OPERATIONS:
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Dec Qtr Copper Production above plan at 6,515 tonnes with C1 of A$2.96/lb
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YTD Copper Production of 13,268 tonnes at C1 of A$2.86/lb
EXPLORATION:
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Kurrajong prospect continues to intersect high-grade copper mineralisation
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Drilling at Torrens about to commence
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New Tritton exploration tenement granted – extends geological corridor by 40km
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Aerial EM program over northern half of Tritton tenement package completed in late December – data being reviewed
CORPORATE:
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Cash and receivables of $21.7M at end of quarter FY2019
GUIDANCE:
Copper production of 24,500 tonnes at a C1 cash cost between A$2.75/lb and A$2.90/lb
