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ASX:AIS

Aeris Resources Ltd

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Aeris Resources is an established copper mining and exploration company listed on the Australian Securities Exchange (ASX: AIS).

Tritton Copper Operations

There are four additional mine projects scheduled for future production, which together with Tritton and Murrawombie form the current Life of Mine plan (LOM). These projects will supplement and then replace production from Tritton and Murrawombie as the latter are exhausted.

Brownfields exploration at the Tritton deposit has identified a number of opportunities to extend the life of the operation, including extensions to the current Mineral Resource.  Importantly, both the Tritton and Murrawombie deposits remain open at depth.

Aeris is confident that drilling will grow these known deposits and that mine life will progressively extend. Exploration success in finding new deposits in this highly prospective region could increase production rates and/or increase the life of the operation.

Tritton Underground Mine
The Tritton deposit is a large, (over 20 million tonne), copper dominant sulphide system, discovered in the mid 1990s via geophysical methods.

Mining of the Tritton orebody commenced in 2004 with the development of an access decline and construction of a sulphide ore processing plant. Copper is extracted via conventional crushing and flotation circuits producing a copper concentrate. Stope production commenced in March 2005. In its first year of production, Tritton produced 23,088 tonnes of copper in concentrate.

Tritton reached 10 years of production in 2015 with significant Mineral Resource remaining. As at 30 June 2019, the combined Measured, Indicated and Inferred Tritton Mineral Resource Estimate is 9 million tonne at 1.3% Cu for 120 thousand tonne of copper metal.  Find out more

The Tritton Underground Mine successfully transitioned to a new mine design in response to a change in orebody geometry, with changes to stope extraction sequence on the lower levels to eliminate pillar stopes.

Additional upgrades to the ventilation circuit  were completed in 2017 to sustain ore production at more than a million tonnes per annum.  This investment, together with  changes to the mining sequence have set Tritton up for stable stope production in coming years as mining extends at depth.

Aeris is committed to continued investigation and investment into mining equipment and technology.  Some recent examples have included a significant upgrade of the tele-remote loader operation system allowing loading operations to be conducted from the surface control room, and bogging ore from the stopes to be continued during blast clearance and shift changes.

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Last updated 3rd April 2020

André Labuschagne
Executive Chairman

André Labuschagne is an experienced mining executive with a career spanning more than 25 years, primarily in the gold industry.

He has held various executive roles in South Africa, PNG, Fiji and Australia for a number of leading gold companies, including Emperor Gold Mines, DRD Gold and AngloGold Ashanti. Previously as the Managing Director of ASX-listed gold company Norton Gold Fields Limited, Mr Labuschagne led the company’s growth to a significant Australian gold producer, prior to its sale to a major Chinese gold company in 2012.

Mr Labuschagne holds a Bachelor of Commerce degree from Potchefstroom University in South Africa.


Alastair Morrison
Non Executive Director

Alastair Morrison is a highly experienced international banker. Mr Morrison has worked in private equity for over 25 years in the UK and Asia and has broad experience in growing companies across a range of industrial sectors.

He was a founding Managing Director of Standard Chartered Private Equity and with Standard Chartered Bank from April 2002 until March 2014. Prior to joining Standard Chartered Bank he spent 20 years at 3i Group, the leading European private equity house, where he was Director for 3i Asia Pacific that He co-founded in 1997.

Mr Morrison holds an M.A. degree in Politics, Philosophy and Economics and M.Phil degree in Management Studies from Oxford University.  Mr Morrison is a member both the Audit Committee and the Remuneration Committee.


Michele Muscillo
Non Executive Director

Mr Muscillo is a Partner specialising in corporate law with HopgoodGanim Lawyers. He is an admitted Solicitor and has a practice focusing almost exclusively on mergers and acquisitions, and capital raising.

He has a Bachelor of Laws from Queensland University of Technology and was a recipient of the QUT University Medal.

In his role with HopgoodGanim Lawyers, Mr Muscillo has acted on a variety of corporate transactions including initial public offerings, takeovers and other acquisitions. Michele’s experience brings to the Board expertise on corporate regulation, governance and compliance matters.

Mr Muscillo is the Chairman of the Audit and Risk Management Committee, the Remuneration and Nomination Committee.


Marcus Derwin
Non-Executive Director

Marcus is a highly experienced corporate executive and Board director, with an extensive background in corporate restructuring. He brings international experience, across a diverse range of industry sectors. His professional career has encompassed a combination of advisory and principal executive capacities, including managing a $A2Bn global Alternative Assets portfolio over 5 years and also the formation and management of a $A550m LIC. Additionally, he has advised boards – both public and private and worked within and alongside executive teams on implementation, stakeholder management and recapitalisation strategies. Marcus’ professional background includes senior roles at AMP, National Australia Bank, Allco Equity Partners, PwC and KPMG.

Mr Derwin holds a Bachelor of Business degree from the Queensland University of Technology,  a Masters of Commerce degree from the University of New South Wales and is a member of the Institute of Chartered Accountants (ICA), Australia and New Zealand.

 

Last updated 3rd April 2020

Level 2,  HQ South Tower,
520 Wickham Street,
Fortitude Valley, Brisbane QLD 4006
Australia

t +61 7 3034 6200
e [email protected]

Registered and Head Office

Suite 2.2, Level 2, HQ South Tower,
520 Wickham Street,
Fortitude Valley, Brisbane QLD 4006

t +61 7 3034 6200
f +61 7 3034 6290
e [email protected]


Auditor

PricewaterhouseCoopers
Chartered Accountants

Riverside Centre
1 Eagle Street,
Brisbane QLD 4006


Share Registry

Link Market Services Limited
Level 15, 324 Queen Street,
Brisbane QLD 4000

t +61 2 8280 7111
f +61 2 9287 0303
w www.linkmarketservices.com.au
e [email protected]


Stock Exchange Listing

Australian Securities Exchange
ASX Code: AIS

 

Last updated 3rd April 2020