Aeris Resources Limited (Aeris or the Company) provided an update on exploration activities at the Constellation deposit, located within the Company's 100% owned Tritton tenement package in New South Wales. Assay results have been received from the initial two drill holes completed at the Constellation deposit. Drill holes TAKD001 and TAKD002 both intersected high grade copper mineralisation. The drill program has now paused for the Christmas break and will recommence in early January. Diamond drill hole TAKD001 was the first hole drilled at the Constellation deposit. TAKD001 was designed to intersect the larger 250m x 250m EM plate, 150 metres below surface. The drill hole intersected a 19.95 metre interval grading 2.41% Cu, 0.64g/t Au and 4.6g/t Ag from 197.2 metres down hole. Within the 19.95 metre thick sulphide package there are three distinct domains, which differ in both sulphide texture and content. The domains are summarised below: 1. 197.20 metres to 202.80 metres: Strongly disseminated to semi-massive pyrite. Pyrite forms euhedral crystal grains up to 5 mm in size. Chalcopyrite forms irregular blebs and erratic stringer veins. The interval is strongly silicified. 5.6m @ 1.43% Cu, 0.53g/t Au, 2.4g/t Ag, 202.80 metres to 209.60 metres: Chlorite and sericite altered interbedded turbidite sediments (shale and sandstone). Sulphide content is significantly less and dominated by sparse <1cm diameter blebs of chalcopyrite. 6.8m @ 0.66% Cu, 0.35g/t Au, 0.9g/t Ag 209.60 metres to 217.15 metres: Bands of massive sulphides (pyrite and chalcopyrite) interlayered with turbidite sediments. Sulphide bands are generally less than 1 metre thick. 7.55m @ 4.71% Cu, 0.99g/t Au, 9.2g/t Ag. Diamond drill hole TAKD002 was the second hole drilled at the Constellation deposit and was designed to intersect the smaller EM plate defined from the ground EM survey, approximately 300 metres west of the larger plate targeted by TAKD001. TAKD002 intersected a 3.55 metre thick massive sulphide interval from 61.05 metres down hole. Copper minerals identified include chalcopyrite, chalcocite and minor malachite and azurite. The presence of secondary copper minerals (chalcocite, malachite and azurite) indicates the drill hole intersection is associated with a supergene enriched copper halo below the base of oxidation. Reported assay results returned from the massive sulphide zone are: 3.55m @ 22.56% Cu, 2.57g/t Au, 16.1g/t Ag Core loss is recorded through the mineralised horizon (25% core loss) and within the surrounding turbidite sediments. It is not clear whether the core loss is associated with sulphide occurrence or the host turbidite sediments. A down hole EM (DHEM) survey at TAKD002 has been completed. Results from the survey identified two EM conductors. The first conductive response between 60 metres to 65 metres down hole is associated with the massive sulphides intersected in TAKD002. The modelled plate is 15m x 15m and modelled with a high conductance (5,000S). The second conductive response is larger (20m x 60m) and located 15 metres off- hole, south, from TAKD002. The modelled conductance (10,000S to 20,000S) is exceptionally high for conductive bodies modelled within the Tritton tenement package. Current thinking is the off-hole EM conductor is likely to be massive sulphides due to the extremely high conductance and spatial location adjacent to the massive sulphides intersected in TAKD002. Assay results from the first two drill holes at the Constellation deposit confirm the EM plates are associated with high grade copper sulphide mineralisation. Drill hole TAKD001 intersected a significant copper sulphide mineralised zone below the base of weathering. The copper bearing mineral present is exclusively chalcopyrite. Assay results from TAKD001 are very encouraging on account of the thickness and copper tenor. Based on visual interpretation, the three distinct sulphide horizons in TAKD001, were also intersected 80 metres down plunge within TAKD003 (assay results pending). A fourth drill hole, TAKD004, targeting the copper sulphide body 80 metres along strike (north) from TAKD001, failed to intersect mineralisation. The drill hole was positioned along the northern margin of the modelled EM plate to constrain the northern boundary of the mineralised system. The drill trace will provide a very good platform to detect and refine the northern margin of the known sulphide deposit intersected in TAKD001 and TAKD003. TAKD004 intersected a series of graphitic shear zones above and close to the target depth (190 metres down hole). The presence of several graphitic shears in the drill hole is worth noting. Similar graphitic shears at the Murrawombie deposit are often located proximal to mineralisation. DHEM surveys will be completed on both TAKD003 and TAKD004 in January to assist with defining the potential down plunge extensions to the copper sulphide body intersected in TAKD001 and TAKD003. The extremely high-grade copper mineralisation reported from TAKD002 is interpreted to be part of a supergene enriched copper horizon which formed below the base of weathering. This high-grade copper is associated with chalcocite, a secondary copper mineral containing 80% copper by weight. Chalcocite is not observed in any significant amounts at other deposits within the tenement package below the base of weathering. The DHEM results at TAKD002 are very encouraging after the detection of a new EM plate. Further drilling is required to understand the lateral and vertical extent of the chalcocite rich copper mineralisation. DHEM surveying will continue to be used to assist with refining and detecting new conductive bodies within an approximately 200 metre radius from drill holes. The discovery of additional sulphide lodes with continued drilling and DHEM surveying is not uncommon within the Tritton tenement package. All known deposits within the tenement package are characterised by multiple sulphide lodes. Drilling will recommence at the Constellation deposit in early January. The remaining holes in the currently approved drill program will continue testing the extents of the mineralised system. Applications seeking approval to complete additional drilling beyond the currently approved 6 hole program have been submitted to the New South Wales Resource Regulator and it is envisaged these approvals will be in place early next year, prior to the completion of the current 6 hole program. DHEM surveying will be undertaken on TAKD003 and TAKD004 in early January to assist with refining drill targets on the larger EM plate.