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    AIS   AU000000AIS8

AERIS RESOURCES LIMITED

(AIS)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 12/03
0.16 AUD   0.00%
12/01Aeris resources ltd - budgerygar mineral resource update
AQ
12/01Aeris Resources Updates Mineral Resource of Budgerygar Deposit
MT
11/30AERIS RESOURCES : Budgerygar mineral resource update
PU
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Aeris Resources Limited Provides an Update on Exploration Activities At the Constellation Deposit, Located Within the Company's 100% Owned Tritton Tenement Package in New South Wales

09/07/2021 | 06:25pm EST

Aeris Resources Limited provided an update on exploration activities at the Constellation deposit, located within the Company's 100% owned Tritton tenement package in New South Wales. The initial RC drill program (Phase 1), totalling 52 holes, targeted mineralisation over a 200m (north-south) x 200m (east-west) footprint to a maximum depth of 130m below surface. During the program,18 RC drill holes intersected water in or near mineralisation and had to be abandoned. After completion of the RC drill program each abandoned RC hole has been extended via diamond drilling, referred to as a diamond tail. Assay results have been received for a further two drill holes extended via diamond tails, with significant assay results from the combined RC /diamond tail drill holes including: TAKRC038 ­ 18.4m @ 9.40% Cu, 0.87g/t Au, 4.4g/t Ag (from 53m); TAKRC038 ­ 5.5m @ 6.85% Cu, 1.02g/t Au, 2.9g/t Ag (from 81.5m); TAKRC039 ­ 17.9m @ 2.97% Cu, 0.77g/t Au, 4.1g/t Ag (from 94m). A follow-up RC drill program has recently been completed (Phase 2). The Phase 2 program, totalling 58 RC holes focused on defining the extents of the oxide and supergene mineralisation. Both mineralised horizons have been traced between 200m to 250m in the north-south and east-west directions. A limited number of RC drill holes tested the primary sulphide domain. Assay results have been received from the first 8 Phase 2 RC holes tracing mineralisation to the south. High grade copper mineralisation has been intersected within the supergene and primary (sulphide) copper mineralised domains and include: TAKRC053 ­ 7m @ 3.59% Cu, 0.93g/t Au, 7.7g/t Ag (from 101m); TAKRC057 ­ 5m @ 4.60% Cu, 1.38g/t Au, 5.4g/t Ag (from 102m); TAKRC060 ­ 9m @ 3.65% Cu, 1.14g/t Au, 6.4g/t Ag (from 97m); TAKRC054 ­ 6m @ 2.22% Cu, 3.44g/t Au, 13.0g/t Ag (from 45m). Diamond drilling is progressing with a further 11 drill holes completed within the deeper primary sulphide mineralised system. A majority of holes targeted the southern and northern margins of the mineralised system. Although drilling has yet to define the southern boundary of mineralisation, intersections are thinning and interpreted to have limited extension potential further south. Drill holes TAKD042, TAKD046 and TAKD048 targeted mineralisation toward the southern margin. TAKD048 failed to intersect sulphides, while the remaining two holes intersected banded to massive sulphides over several metres. Along the northern margin TAKD045 and TAKD047 intersected several sub-metre banded sulphides. The remainder of the reported drill holes are part of the resource definition drilling program for the upper section of the sulphide mineralisation. The maximum strike length defined to date is approximately 300m. Planned electromagnetic surveying will test the potential for extensions to mineralisation beyond the current footprint.


ę S&P Capital IQ 2021
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12/01Aeris resources ltd - budgerygar mineral resource update
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12/01Aeris Resources Updates Mineral Resource of Budgerygar Deposit
MT
11/30AERIS RESOURCES : Budgerygar mineral resource update
PU
11/30Aeris Resources Limited Provides Update on Budgerygar Mineral Resource
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Financials
Sales 2022 432 M 302 M 302 M
Net income 2022 77,7 M 54,4 M 54,4 M
Net cash 2022 53,7 M 37,6 M 37,6 M
P/E ratio 2022 4,57x
Yield 2022 -
Capitalization 361 M 253 M 253 M
EV / Sales 2022 0,71x
EV / Sales 2023 0,36x
Nbr of Employees 1 091
Free-Float 71,3%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,16 AUD
Average target price 0,22 AUD
Spread / Average Target 37,5%
EPS Revisions
Managers and Directors
Willie AndrÚ Labuschagne Executive Chairman, Chief Executive Officer & MD
Robert Brainsbury Chief Financial Officer & Joint Secretary
Ian Sheppard Chief Operating Officer
W. Edward Alastair Morrison Independent Non-Executive Director
Michele Muscillo Independent Non-Executive Director
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