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Aeris cements future of copper, gold operations

From australianmining.com.au

Aeris Resources will accelerate exploration at the Tritton copper and Cracow gold operations in New South Wales and Queensland, respectively, after raising $50.4 million. The company’s forecast for financial year 2021 expected Tritton to produce up to 23,500 tonnes of copper, while Cracow should see up to 75,000 ounces of gold Of the placement, $28 million will go towards exploration activities across both operations while $19.9 million will bolster Aeris’ general working capital. The remaining $2.5 million will cover transaction costs. Aeris executive chairman Andrew Labuschagne said the great success of the ... (full story)

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  • Category: Fundamental Analysis