AUS
NZ
UK
CA
USA
IND
Highlights
- Aeris Resources reports stable copper equivalent production with improved cost efficiency.
- Enhanced gold production at Cracow and Tritton Operations exceed plans.
- Significant exploration progress, particularly at the Constellation and Heather Bore sites.
Aeris Resources Ltd (ASX:AIS) achieved a productive quarter, maintaining solid copper equivalent production across its Australian operations, which amounted to 10,200 tonnes. The quarter saw substantial yields with 6,000 tonnes of copper, 15,200 ounces of gold, and 43,900 ounces of silver. While copper output slightly decreased from the previous quarter, gold and silver production showed a marked increase, stabilizing overall performance.
The Tritton Copper Operations in New South Wales led the way with a production of 5,000 tonnes of copper. This was achieved at an all-in-sustaining cost (AISC) of A$5.06 per pound, a reduction from the prior quarter. Higher-than-expected mined grades at the Avoca Tank mine contributed significantly, allowing Tritton to outperform initial projections. The Avoca Tank site saw priority over other Tritton mines such as Budgerygar and Murrawombie. Completion of additional infrastructure is set to further boost production levels in the coming months.
In Queensland, Aeris Resources’ Cracow Project saw a successful quarter, producing 12,900 ounces of gold, well above targets. AISC at Cracow dropped to A$2,352 per ounce due to effective cost management and increased output from high-grade areas, particularly from Coronation. Additionally, milling efficiency exceeded expectations, further enhancing yield and profitability. Ongoing underground exploration at Cracow targets high-grade gold zones, including the promising Apollo structure.
Aeris’ North Queensland Operations also demonstrated robust production, with final stopes yielding higher-grade copper and gold. Although processing faced challenges from oxidized mill feed, 175,000 tonnes of stockpiled ore are prepared for the upcoming quarter, ensuring consistent operations.
On the exploration front, substantial drilling took place at the Constellation deposit, where Aeris drilled 28 diamond holes to better define the resource. High-grade intersections from both the ‘main zone’ and ‘stand-up zone’ showed promising copper, gold, and silver yields. Exploration at Heather Bore in Western Australia’s Jaguar Operations also yielded gold intersections, strengthening the prospect’s profile as a key future target.
Aeris further advanced its Stockman Project in Victoria, progressing metallurgical test work to optimize the downstream processing plant. Additionally, the company has engaged with local communities, completing improvements at Benambra school and supporting regional initiatives.
This quarter’s performance, marked by stable production, cost control, and significant exploration successes, underscores Aeris Resources’ commitment to operational efficiency and sustainable growth across its mining portfolio.
