Aeris Resources Ltd (ASX:AIS)

Aeris Resources is an established mining and exploration company listed on the Australian Securities Exchange (ASX:AIS). It is currently Australia’s fifth largest, independent copper producer by volume produced.

Aeris Resources’ Tritton Copper Operations, located near Nyngan in New South Wales, is targeting 27,000 tonnes of copper production in FY2018. Ore is currently sourced from the Tritton and Murrawombie underground mines. The operations are 100 per cent owned and operated by Aeris’ subsidiary, Tritton Resources Pty Limited.

History of the Tritton Operations

Mining within the Tritton area in modern times began in 1992 at the Murrawombie open pit and heap leach operation by the Girilambone Copper Company, a Joint Venture between Straits Resources (now Aeris) and Nord Pacific. The Girilambone Copper Company eventually became a wholly owned subsidiary of Straits Resources. Operations at the Girilambone copper project involved the mining of several open pits to recover copper oxide ore that was treated by heap leach, followed by solvent extraction and electrowinning processing to produce copper cathode. The Murrawombie pit was the largest of the mines. Open pit mining at Girilambone ended in 1999, although copper cathode production continued for two more years.

Leaching of residual copper from the Murrawombie heap leach continues today. Approximately 400 tonne per year of copper is extracted from the leach solution as a copper cement by reaction with scrap iron.

Exploration by the Straits Resources and Nord Joint Venture resulted in the discovery of the Tritton deposit in 1995 as part of an exploration program focused on the historical Budgerygar and Bonnie Dundee copper gold mines. Geophysical techniques were successful in identifying the buried Tritton deposit 800m to the south of these historical workings. Tritton Resources Limited was formed to develop the Tritton deposit. It was for a time listed as an independent company on the Australian stock exchange, before being privatised as a subsidiary of Straits Resources.

All Copper concentrate is sold to Glencore, following a life of mine offtake agreement executed in September 2012.

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Last updated on 12th June 2018

DIRECTORS

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.

SENIOR MANAGEMENT

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.

Robert Brainsbury
Chief Financial Officer and Joint Company Secretary

Robert Brainsbury has more than 25 years’ experience in the mining and mining services sectors.

He has held senior roles with companies including Rio Tinto, Xstrata, MIM Holdings and BIS Industrial Logistics.

Prior to joining Aeris Resources, Robert was the Chief Financial Officer and Company Secretary at Norton Gold Fields Limited.

Mr Brainsbury is a qualified accountant and holds a Bachelor of Business degree with majors in Accounting and Marketing.

Ian Sheppard
Chief Operating Officer

Ian Sheppard is a member of the Australian Institute of Mining and Metallurgy and has more than 30 years’ experience in mine operations, technical studies and business development gained in gold, base metals and iron ore.

He has worked in Australia, Canada and Papua New Guinea, most recently holding General Manager roles with Norton Gold Fields Limited and PanAust Limited. Prior to this he spent more than seven years with Ok Tedi Mining in Papua New Guinea as General Manager and Executive Manager with responsibility for operations, technical services, business development and exploration.

Mr Sheppard holds a degree in Mining Engineering from the University of New South Wales, a Masters in Mineral Economics from Curtin University of Technology, as well as a First Class Mine Managers Certificate from Western Australia.

John Miller
Tritton General Manager

John Miller is a mining engineer with over 30 years’ of experience in both underground and surface mining operations. He has worked in Australia, Asia, Africa and the United States in both large and smaller operations and brings a depth of operational and management experience to the Tritton operations.

Mr Miller holds a Bachelor of Engineering (Mining).

Dané van Heerden
Group Financial Controller and Joint Company Secretary

Dané van Heerden is a qualified chartered accountant, with over 15 years’ experience in both Australia and abroad.

Prior to joining Aeris Resources, she worked at Norton Gold Fields Limited as the Group Financial Controller, and has also held managerial roles at Worley Parsons and PKF chartered accountants (now merged with BDO and Deloitte) where her portfolio had a strong resources focus.

Bradley Cox
Geology Manager

Bradley Cox is a skilled geologist with more than 15 years' of professional experience spanning exploration, deposit development and mining in greenfields, site delivery, studies and corporate resource evaluation roles.

Prior to joining Aeris Resources, he previously held senior roles with Newcrest Mining Limited, Lihir Gold Limited and Ballarat Goldfields NL. He has also worked with MIM Holdings (now Xstrata-Glencore), BHP Billiton and Central Queensland Magnetite NL.

Mr Cox holds a Masters of Geostatistics and a Bachelor of Applied Science (Applied Geology) with Honours.

Last updated 12th June 2018.

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Last updated 12th June 2018.

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ASX Code: AIS