CAPITAL MARKETS

Aeris increases guidance

AERIS Resources’ attempts to drill a giant anomaly at Lake Torrens in South Australia might be encountering setbacks, and was thwarted in its ambitious plan to spend a reported A$800 million buying the CSA assets from Glencore operations, but its workhorse Tritton operations continue to deliver.

 Lake Torrens drilling.

Lake Torrens drilling.

      Tritton in New South Wales has produced above plan at 19,491 tonnes of copper at C1 of A$2.89 per pound for the year to date, with 6223t at $2.93/lb produced in the March quarter alone.  ...

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