Aeris extends high-grade copper resources at Tritton’s Avoca Tank and Budgerygar

Aeris Resources Limited ( (AU:AIS) ) has shared an update.

Aeris Resources has reported strong underground drilling results at its Tritton operation, confirming a new mineralised trend at Avoca Tank that connects with the central trend and extends high-grade copper mineralisation over more than 200 metres. The company is running four underground drill rigs, aiming to expand resources near existing infrastructure and enhance the short- to medium-term ore supply.

Drilling at Avoca Tank and Budgerygar has returned thicker and higher-grade copper intersections than previously modelled, supporting a potential upgrade of Budgerygar’s Inferred Mineral Resource to an Indicated classification. Aeris expects updated Mineral Resource estimates for both deposits in the fourth quarter of FY26, which could materially improve the near-term mine plan by adding high-grade underground ore to supplement open-pit mill feed.

The most recent analyst rating on (AU:AIS) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Aeris Resources Limited stock, see the AU:AIS Stock Forecast page.

More about Aeris Resources Limited

Aeris Resources Limited is an established Australian copper-gold producer and explorer listed on the ASX, operating the Tritton copper mine in central New South Wales. The company focuses on underground and open-pit mining, with key ore sources including the Avoca Tank, Budgerygar, Tritton and South Wing deposits, and targets near-mine growth through resource definition and extension drilling.

Average Trading Volume: 7,478,516

Technical Sentiment Signal: Sell

Current Market Cap: A$496.8M

For detailed information about AIS stock, go to TipRanks’ Stock Analysis page.