Sign up Australia
Proactive Investors - Run By Investors For Investors

Aeris Resources director supports company’s copper strategy with on-market purchases

Mark Derwin has acquired 183,500 shares in two on-market trades for total consideration of almost $52,000.
Underground conveyor at Tritton mine
The company has the operating Tritton Copper Project in New South Wales

Aeris Resources Ltd (ASX:AIS) non-executive director Mark Derwin has demonstrated his confidence in the company’s copper strategy by acquiring shares on-market.

He has acquired 183,500 shares in two on-market trades for total consideration of almost $52,000.

Derwin holds an indirect interest in Aeris through super fund Elephant Hills 202 of which he is a beneficiary.

READ: Aeris Resources marks June quarter as best in FY2018

The company produced 7,592 tonnes of copper in the June quarter from its Tritton project in New South Wales, an 11% increase on the previous quarter and the best quarter for FY2018.

Costs for the June quarter were $2.10 per pound for C1 cash costs and $2.79 per pound for all-in sustaining costs (AISC).

Aeris finished the 2018 financial year with total copper production of 26,686 tonnes after delivering a number of major capital investment projects at the project in the west of the state.

READ: Aeris Resources identifies 28 anomalies at Torrens Copper-Gold Project

The company is also exploring for a large-scale iron oxide copper gold (IOCG) deposit within the Torrens joint venture copper-gold project in South Australia.

Recent airborne gravity surveys have resulted in 28 anomalies being identified.

The Torrens project is a joint venture between Aeris and Argonaut Resources NL (ASX:ARE), which holds 30%.

View full AIS profile View Profile

Aeris Resources Ltd Timeline

Related Articles

australian and south africa flags detailing company's projects
April 12 2018
The company is fast-tracking its application for full-scale mining rights across the WBP.
worker on a hill
April 18 2018
The turnaround plan at the Drakelands mine is beginning to take effect
Checking a Redmoor core sample
May 11 2018
The Redmoor project's inferred resource has 45,000 tonnes of contained tin equivalent.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use