Aeris Resources - Quarterly Activities Report

Aeris Resources - Quarterly Activities Report

Aeris has announced record production of 30,425t of copper from its Tritton operations near Nyngan in NSW, which exceeded previously upgraded guidance of 29,500t. Also in the June quarter, the company continued development of the new underground mine at Murrawombie, approved in March.  Aeris finished the quarter with cash and receivables of $19.1M, while FY2017 copper production is forecast to be 28,000t. The Company has also accessed Tranche 2 (US$10M) of its Working Capital Facility.


JUNE QUARTER HIGHLIGHTS

OPERATIONS:

  • Record Production of 30,425 tonnes of Copper, exceeding previously upgraded production guidance of 29,500 tonnes
  • New underground mine at Murrawombie on track
  • FY2017 copper production targeted at 28,000 tonnes

CORPORATE:

  • Cash and receivables of $19.1M at the end of the quarter

POST 30 JUNE 2016 DEVELOPMENTS:

  • Tritton Deeps development approved by Aeris Board
  • New $11M Ventilation Shaft at Tritton commenced
  • Ramp-up of Greenfields exploration activities at Tritton with $7.5M targeted over next two years
  • Access to Tranche 2 (US$10M) of Working Capital Facility triggered by approval of Tritton Deeps

To view the full report click here. 

Tins rattling and drills turning

Tins rattling and drills turning

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