Aeris Resources Limited ( (AU:AIS) ) just unveiled an announcement.
Aeris Resources Limited has announced a significant update to the Mineral Resource estimate (MRE) for its Constellation deposit, revealing a 24% increase in contained copper and a 29% increase in contained gold compared to previous estimates. This update enhances the potential for the Constellation deposit to become a major ore source for Aeris, with a substantial increase in Indicated Mineral Resource providing a strong foundation for future conversion to Ore Reserves. The expansion of the open-pit resource and high gold recoveries are expected to improve the economic prospects of the operation, potentially extending the life of the Tritton mine and benefiting stakeholders.
More about Aeris Resources Limited
Aeris Resources Limited is an established Australian copper-gold producer and explorer. The company operates within the Tritton tenement package in New South Wales, focusing on the exploration and production of copper and gold.
YTD Price Performance: 8.57%
Average Trading Volume: 1,613,421
Technical Sentiment Signal: Sell
Current Market Cap: A$184M
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