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Aeris Resources Limited ( (AU:AIS) ) has issued an announcement.
Aeris Resources Limited has released its Mineral Resource and Ore Reserve Statement as of December 31, 2024, revealing a Group Mineral Resource of 48.9 million tons containing significant quantities of copper, gold, zinc, and silver. The Group Ore Reserve stands at 14.1 million tons. The company is implementing a new reporting policy at Tritton to enhance the Resource-to-Reserve conversion ratio, which has contributed to a reduction in the Tritton Mineral Resource. Aeris is committed to growing and sustaining its reserves and resources through increased exploration and resource definition drilling, aiming to extend mine life and create long-term value.
The most recent analyst rating on (AU:AIS) stock is a Buy with a A$0.28 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 company engaged in the production and exploration of copper and gold. The company operates the Tritton, Cracow, and North Queensland projects, as well as the Jaguar and Stockman projects, focusing on high-quality mineral resources and reserves.
Average Trading Volume: 1,215,984
Technical Sentiment Signal: Hold
Current Market Cap: A$184M
For a thorough assessment of AIS stock, go to TipRanks’ Stock Analysis page.