Aeris Resources Ltd
ASX:AIS
Aeris Resources Ltd
Aeris Resources Ltd. engages in the production, exploration, and sale of copper, gold and silver. The company is headquartered in Fortitude Valley, Queensland. The company went IPO on 2011-02-02. The firm operates a growing portfolio of copper and gold operations, development project and exploration prospects. The Company’s exploring and producing projects includes Tritton Copper operations, Torrens, Canbelego and Cracow Gold project. The Tritton tenement package in New South Wales comprises of seven exploration and mining licences covering 2,160 square kilometers of highly prospective ground for base metal deposits within the Girilambone Basin. The Canbelego Project covers approximately 40 square kilometer and is located 45 kilometers south-west of the Tritton Copper Operations. The Cracow Gold Operations are located in a endowed goldfield with gold mineralisation hosted in steeply dipping structurally controlled low sulphidation epithermal veins.
Aeris Resources Ltd. engages in the production, exploration, and sale of copper, gold and silver. The company is headquartered in Fortitude Valley, Queensland. The company went IPO on 2011-02-02. The firm operates a growing portfolio of copper and gold operations, development project and exploration prospects. The Company’s exploring and producing projects includes Tritton Copper operations, Torrens, Canbelego and Cracow Gold project. The Tritton tenement package in New South Wales comprises of seven exploration and mining licences covering 2,160 square kilometers of highly prospective ground for base metal deposits within the Girilambone Basin. The Canbelego Project covers approximately 40 square kilometer and is located 45 kilometers south-west of the Tritton Copper Operations. The Cracow Gold Operations are located in a endowed goldfield with gold mineralisation hosted in steeply dipping structurally controlled low sulphidation epithermal veins.
Solid Quarter: Aeris Resources delivered a strong first quarter for FY '26, performing in line with internal plans and ahead of some analyst expectations.
Operational Highlights: Tritton produced 6,100 tonnes of copper metal, while Cracow achieved its budgeted gold production despite some power outages.
Growth Investments: Significant growth capital was invested, with $25 million in the Murrawombie pit pre-strip and $5 million in a new tailings dam at Cracow.
Cash Position: Cash at bank increased to $32 million, up from $28 million at the end of last quarter, despite heavy growth capex.
Guidance Maintained: Copper production guidance for Tritton remains at 24,000–29,000 tonnes for FY '26; Cracow gold production is guided at 36,000–42,000 ounces.
Growth Projects: Exploration ramped up with $20 million allocated group-wide, focusing on resource extensions and long-term mine life.
Hedging Update: 20,000 ounces of gold were hedged at $5,200/oz to underpin growth capital; no plans to increase hedging beyond 50% of gold production.
