viewAeris Resources Ltd

Aeris Resources given green light to resume on-ground exploration at Torrens Joint Venture Project

The established Australian copper and gold producer and explorer has received the approvals required to recommence on-ground exploration at the Torrens Exploration Project.

Aeris Resources Ltd - Aeris Resources to commence on-ground exploration at Torrens Joint Venture Project
A passive seismic survey is planned for the December quarter

Aeris Resources Ltd (ASX:AIS) has received the two regulatory approvals required to resume on-ground exploration activities at the Torrens exploration project joint venture with Argonaut Resources NL (ASX:ARE).

These are the updated Program for Environmental Protection and Rehabilitation and a Native Title summary determination to conduct operations within the Torrens project area in South Australia.

Torrens is a joint venture with Kelaray Pty Ltd, a wholly-owned subsidiary of Argonaut, with Aeris holding 70%.

Passive seismic survey planned

The Torrens JV partners plan to recommence on-ground exploration activities in the coming quarter and will be conducting a passive seismic survey.

This survey will assist with refining geological/geophysical models used for drill targeting.

Whilst Torrens is a highly prospective exploration project it is also geologically very complex, in part due to the basement rocks lying beneath several hundred metres of cover.

The passive seismic survey will assist in better understanding the regional stratigraphic sequences overlying the basement rock, which in turn assists with refining geophysical models used to vector in on the most prospective target areas.

Quick facts: Aeris Resources Ltd

Price: 0.125 AUD

Market: ASX
Market Cap: $237.13 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Aeris Resources Ltd named herein, including the promotion by the Company of Aeris Resources Ltd in any Content on the Site, the Company...


Aeris Resources looking to grow its flagship gold and copper mines after...

Aeris Resources Ltd's (ASX:AIS) Andre Labuschagne speaks to Proactive's Andrew Scott soon after recording a 260% year-on-year rise in net profit for the half-year ended December 31, 2020. In the six month period, revenue rose by 99% from the previous corresponding period to $214.5 million while...

1 day, 9 hours ago

2 min read