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Aeris Resources Limited ( (AU:AIS) ) has issued an announcement.
Aeris Resources has reported significant initial diamond drilling results from the Golden Plateau deposit within its Cracow mining leases in Queensland, confirming both high-grade and broad lower-grade gold mineralisation. The early success supports management’s view that Golden Plateau could become a major new ore source for the Cracow operation, potentially extending the mine’s life and enhancing the project’s long-term production profile.
The ongoing 30-hole, 6,400m drill program, with 16 holes completed and assays received for the first two, is aimed at validating a new geological model covering 33 interpreted lodes and confirming historic voids. In addition to defining mineralisation continuity, the campaign will generate critical geotechnical, metallurgical and environmental data to underpin future mine design, processing recoveries and waste rock management, strengthening Aeris’ planning for further development at Cracow.
The most recent analyst rating on (AU:AIS) stock is a Buy with a A$0.55 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, with a portfolio that includes the 100%-owned Cracow gold operations in Queensland. The company focuses on extending mine life and unlocking additional ore sources within existing mining leases through targeted drilling and geological reinterpretation.
Average Trading Volume: 7,998,683
Technical Sentiment Signal: Buy
Current Market Cap: A$592.6M
For an in-depth examination of AIS stock, go to TipRanks’ Overview page.