Aeris Resources provides June quarter update

Aeris Resources provides June quarter update

Established Australian copper producer and explorer Aeris Resources (ASX: AIS) has provided its activities report for the three months to June; its best quarter for the year. It has also released its latest corporate presentation ahead of its participation at the Noosa Mining Conference this week.


HIGHLIGHTS

• TRITTON COPPER OPERATIONS:

• Full year copper production exceeds guidance: 26,852 tonnes at C1 cash cost of A$2.78/lb

• Best quarter of the year - June quarter copper production of 7,362 tonnes at C1 cash cost of A$2.47/lb

• Higher copper grades from both the Tritton and Murrawombie underground mines

• EXPLORATION:

• Exploration Target1 defined for Kurrajong

• Ground based EM surveys continued in the Murrawombie to Avoca Tank corridor

• Positive drilling results at Murrawombie show potential to extend at depth and to the north

• Drilling at Torrens paused: ― TD10 successfully drilled to target depth ― Assays from TD07 – encouraging results

• CORPORATE:

• Cash and receivables of $26.6M at quarter end

• GUIDANCE:

• FY2020 Copper production guidance of 24,500 tonnes at a C1 cash cost of between A$2.80/lb and A$2.95/lb

Clarification of newspaper articles: Mineral Resources

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