Established Australian copper-gold producer and explorer, Aeris Resources (ASX: AIS) has provided its quarterly activities report for the period ended 31 December 2020 and details for the investor conference call held online at 1:30pm (AEST).
HIGHLIGHTS:
Tritton Copper Operations
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Copper production of 5,845 tonnes @ AISC of A$2.85/lb.
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New discovery – Constellation deposit:
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TAKD001 19.95m @ 2.41% Cu, 0.64g/t Au, 4.6g/t Ag from 197.20m;
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TAKD002 3.55m @ 22.56% Cu, 2.57g/t Au, 16.1g/t Ag from 209.60m;
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TAKD003 27.10m @ 1.61% Cu, 0.43g/t Au, 3.4g/t Ag from 233.90m;
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Three EM plates identified; and
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Approval received for a further 25 drill holes.
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Development of the exploration access drive from Tritton to Budgerygar progressing.
Cracow Gold Operations
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Gold production of 18,011 ounces @ AISC of A$1,567/oz.
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Updated Mineral Resource for Roses Pride:
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260% increase in gold ounces to 26koz; and
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Total reported Mineral Resource of 177kt @ 4.6g/t Au.
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Two diamond drill rigs mobilised for near-mine underground exploration.
Corporate
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Cash and receivables of $59.3m.
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Net debt of A$10.9m.
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Sale of Yandan gold exploration project.
FY21 guidance
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Tritton copper production of 23.5kt to 24.5kt @ AISC between A$3.60/lb and A$3.75/lb.
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Cracow gold production of 70koz to 75koz @ AISC between A$1,525/oz and A$1,575/oz.
