Aeris beats full year copper guidance for Tritton operations

Image: Aeris Resources

Aeris Resources has reported strong results from its Tritton copper operations in New South Wales, exceeding its full year production guidance.

The company produced 26,852 tonnes from the Tritton site in the past year, beating the full year 2019 guidance of 24,500 tonnes.

This was driven by a robust June quarter, where Tritton copper production totalled 7362 tonnes, up from 6223 tonnes in the previous quarter.

The higher copper production compared to guidance was primarily related to high copper grades from both the Tritton and Murrawombie underground mines, with higher grades at Tritton being attributed to stope sequencing and higher grade ore from the upper pillars.

At Murrawombie, the copper grades have been reconciling above the ore reserve for the areas mined in the last year.

Aeris’ copper production guidance for the 2020 financial year remains at 24,500 tonnes at a cash cost between $2.80 and $2.95 per pound.

The company has also provided an update on its exploration and project development, having defined a target at Kurrajong northwest of Sydney.

Having completed a 14 hole drill program, Aeris has defined an initial exploration target ranging between three and four million tonnes at a copper grade between 1.5 and two per cent.

Aeris is also continuing to explore the Murrawombie to Avoca Tank corridor in New South Wales through ground based electromagnetic surveys.

The company’s positive drilling results at Murrawombie has also provided potential to extend the depth of the mine as well as expansion to the north.

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