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Peel Mining Limited ( (AU:PEX) ) just unveiled an update.
Peel Mining Limited has notified shareholders of the timetable for court proceedings related to a proposed scheme of arrangement under which Aeris Resources Limited would acquire all issued shares in the company. The scheme remains conditional on shareholder approval at a meeting scheduled for 15 June 2026 in Sydney, as well as subsequent approval by the Supreme Court of New South Wales.
Subject to these conditions being satisfied or waived, the Court will hold a second hearing on 19 June 2026 to consider approval of the transaction. Peel shareholders have the right to appear, be heard, and, if they wish, formally oppose the scheme by filing and serving the required court documents at least three days before the hearing, underscoring this as a key decision point for the company’s future ownership and governance.
The most recent analyst rating on (AU:PEX) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.
More about Peel Mining Limited
Peel Mining Limited is an Australian resources company listed on the ASX that focuses on mineral exploration and development. Operating within the mining sector, it is the target of a proposed full acquisition by Aeris Resources Limited, another ASX-listed resources group, signalling ongoing consolidation in the Australian mining industry.
Average Trading Volume: 1,976,652
Technical Sentiment Signal: Buy
Current Market Cap: A$129.5M
Find detailed analytics on PEX stock on TipRanks’ Stock Analysis page.