Aeris Resources - Quarterly Activities Report

Aeris Resources - Quarterly Activities Report

Aeris has posted solid operational and corporate performance in the March quarter, producing 8,073t of copper and at the same time reducing overall costs. This production performance keeps the miner on track to fulfil its increased annual guidance of 29,500t. Diligent cost control throughout the operation has underpinned the mine's long term sustainability, with C1 unit cash costs reduced by 17.5% to $A1.98/lb. The board also approved the Murrawombie underground development during the quarter.


MARCH QUARTER HIGHLIGHTS

OPERATIONS:

Production guidance upgraded from 28,000tpa to 29,500tpa
Strong Production - another good quarter for copper production with 8,073t
Cost reduction - C1 Unit Cash Costs reduced to A$1.98/lb, a 17.5% reduction on the first two quarters of FY16
Board approves Murrawombie Underground development

CORPORATE:

Cash and receivables of $15.3M at the end of the quarter
Appointment of Non-Executive Director
Sale of Temora and Currumburrama exploration projects completed

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Sheffield Resources - Quarterly Activities Report

Sheffield Resources - Quarterly Activities Report

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