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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%.

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Aeris Resources Ltd Timeline

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