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Home / Copper / Aeris Resources provides December quarter activities report

Aeris Resources

  • ASX: AIS
    • Cu
    • Au

Aeris Resources provides December quarter activities report

  • 28 January

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

  • Copper production of 5,845 tonnes @ AISC of A$2.85/lb.

  • New discovery – Constellation deposit:

    • TAKD001 19.95m @ 2.41% Cu, 0.64g/t Au, 4.6g/t Ag from 197.20m;

    • TAKD002 3.55m @ 22.56% Cu, 2.57g/t Au, 16.1g/t Ag from 209.60m;

    • TAKD003 27.10m @ 1.61% Cu, 0.43g/t Au, 3.4g/t Ag from 233.90m;

    • Three EM plates identified; and

    • Approval received for a further 25 drill holes.

  • Development of the exploration access drive from Tritton to Budgerygar progressing.

Cracow Gold Operations

  • Gold production of 18,011 ounces @ AISC of A$1,567/oz.

  • Updated Mineral Resource for Roses Pride:

    • 260% increase in gold ounces to 26koz; and

    • Total reported Mineral Resource of 177kt @ 4.6g/t Au.

  • Two diamond drill rigs mobilised for near-mine underground exploration.

Corporate

  • Cash and receivables of $59.3m.

  • Net debt of A$10.9m.

  • Sale of Yandan gold exploration project.

FY21 guidance

  • Tritton copper production of 23.5kt to 24.5kt @ AISC between A$3.60/lb and A$3.75/lb.

  • Cracow gold production of 70koz to 75koz @ AISC between A$1,525/oz and A$1,575/oz.

View investor conference call details

View full announcement

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