Aeris Resources provides updated Mineral Resource Estimate for Budgerygar
Established Australian copper producer and explorer Aeris Resources (ASX: AIS) has provided an update for the Mineral Resource Estimate at its Budgerygar deposit in New South Wales.
This Mineral Resource Estimate is an update on previously reported estimates for the Budgerygar deposit. The 2019 estimate is based entirely on an updated geological model using the same drill hole data which informed the previous resource model.
Over the 12 months to 30 June 2019, the Inferred Mineral Resource increased by 640,000t at the same grade of 1.5 per cent copper for a net increase of 9,000t of contained copper.