An interesting article giving more detail on the capital raising by Aeris.
Aeris Resources Limited (ASX:AIS) - Request for Trading Halt
Pursuant to ASX Listing Rule 17.1, Aeris Resources Limited (ASX:AIS) (Aeris or the Company) requests an immediate trading halt be granted by ASX in respect of Aeris’ ordinary shares from commencement of trading on 10 June 2021.
In accordance with ASX Listing Rule 17.1, Aeris provides the following information:
(a) Reason for trading halt: the trading halt is requested in order to undertake a proposed capital raising.
(b) Duration of the trading halt: Aeris requests that the trading halt continue until the earlier of such time as the Company makes an announcement to the market in relation to the outcome of the capital raising (Capital Raising Announcement) or the commencement of trading on Tuesday, 15 June 2021.
(c) Termination of the trading halt: Aeris anticipates that the trading halt will cease upon it making the Capital Raising Announcement to the market.
(d) No reason: Aeris is not aware of any reason why the trading halt should not be granted by ASX.
(e) Further information: Aeris is not aware of any further information which needs to be disclosed to the market at the time of seeking the trading halt.
EXCEPTIONAL COPPER ASSAYS FROM RC DRILLING AT CONSTELLATION
? Assays received from 22 Reverse Circulation (RC) holes (assays pending on a further 30 RC holes)
Significant high grade copper intersections including:
o TAKRC024 - 38m @ 3.72% Cu, 0.36g/t Au, 3.1g/t Ag (from 8m)
o TAKRC025 - 47m @ 3.90% Cu, 0.96g/t Au, 5.6g/t Ag (from 11m)
o TAKRC004* - 38m @ 2.91% Cu, 0.47g/t Au, 1.8g/t Ag (from 44m)
o TAKRC003* - 10m @ 5.48% Cu, 0.83g/t Au, 3.7g/t Ag (from 40m) incl.
? 5m @ 10.77% Cu, 1.56g/t Au, 6.8g/t Ag (from 45m)
o TAKRC010 - 42m @ 1.56% Cu, 0.92g/t Au, 1.7g/t Ag (from 31m)
o TAKRC006 - 30m @ 1.47% Cu, 0.47g/t Au, 2.9g/t Ag (from 92m) incl.
? 8m @ 2.58% Cu, 0.53g/t Au, 5.4g/t Ag (from 103m)
? 6m @ 3.02% Cu, 1.31g/t Au, 4.7g/t Ag (from 116m)
o TAKRC006 -12m @ 2.58% Cu, 1.41g/t Au, 3.6g/t Ag (from 127m)
High grade copper mineralisation is thicker than expected within the oxide / supergene zones and remains open along strike to the south
Approval received for an additional 19 RC holes to continue testing mineralisation along strike – awaiting approval for a further 21 RC
Canbelego is a joint venture with Aeris Resources Limited (ASX:AIS) with Helix holding 70% and Manger and AIS holding 30% and contributing to exploration expenditure and planning.
Further to their impressive results on 23/2/21 as posted by MeganM
AERIS CONTINUES TO REDUCE DEBT
Established Australian copper and gold producer and explorer, Aeris Resources Limited (“Aeris” or “the Company”) (ASX:AIS) is pleased to advise that it has today paid the third quarterly instalment of A$7.5 million under its Acquisition Bridging Facility (Tranche C), two weeks ahead of its scheduled date. Additionally, US$2.5 million has been voluntarily repaid off the US$ Tranche B Facility.
Aeris’ Executive Chairman, Andre Labuschagne, said: “The strong cashflows generated from Cracow and Tritton over the last 8 months has enabled us to reduce debt levels ahead of schedule. Since completing the Cracow acquisition on 1July 2020 approximately A$28 million in debt has been paid down.”
“With a strengthened balance sheet, a pipeline of development projects and exploration upside at both operations, we are moving into an exciting new phase for the Company.”
Impressive financial results issued last night....
23 FEBRUARY 2021 ASX/MEDIA RELEASE
AERIS REPORTS NET PROFIT OF $45.9M FOR FIRST HALF OF FY21
? Revenue of $214.5m – up 99%
? Gross Profit of $60.6m – up 1,204%
? Net Profit of $45.9m – up 260%
? Cashflow from Operating Activities of $72.4m – up 1,053%
? Net Debt2 of $10.9m – down 70%
Established Australian copper-gold producer and explorer, Aeris Resources Limited (ASX:AIS) (Aeris or the Company) has today reported its first half year results for the period ended 31 December 2020, incorporating the results of the Cracow Gold Operations, which were acquired on 1 July 2020.
Commenting on the half-year results, Aeris Executive Chairman Andre Labuschagne said:
“It gives me the greatest pleasure to announce this result for the 31 December half- year. Since the start of July 2020 we have completed the acquisition of Cracow, discovered the Constellation deposit and significantly improved our balance sheet. The fundamentals for copper are looking extremely attractive and as we have seen over the last 6 months, gold is a good complimentary commodity to also be producing. I am very excited about the prospects for Aeris in the coming years.”
“Reflecting on 2020, it really was a “sliding door” year for Aeris. We started the year, along with everyone in the Macquarie River Basin, with the real prospect of running out of water as the Burrendong Dam was at ~1% capacity. Substantial rains came in February and March, which provided immediate relief but then COVID-19 fell upon the world and created another period of uncertainty. We were fortunate that the Tritton Copper Operations was not directly impacted during the various COVID shutdowns and we continued to operate during the year.”
1 Results for the six months ended 31 December 2020 are compared to the previous corresponding six month period ended 31 December 2019 2 Net debt (A$ equivalent of PAG debt less useable cash)
Aeris Resources Limited ABN 30 147 131 977
Level 2, HQ South Tower, 520 Wickham Street, Fortitude Valley QLD 4006 Australia Post: Box 14, 520 Wickham Street, Fortitude Valley, QLD 4006
E: firstname.lastname@example.org T: +61 7 3034 6200 F: +61 7 3034 6290
ABN 30 147 131 977
ABN 30 147 131 | Page1 977
“The COVID lockdown in the first half of the year also meant that the sale process for Evolution’s Cracow Gold Mine (Cracow) was suspended. However, we were able to re-engage with the Evolution team and by working together, completed the Cracow transaction on 1 July 2020. It is important that I acknowledge the support of our financier and shareholder, PAG, and other major shareholders, who contributed to the financing package that enabled the Cracow acquisition to be completed.”
“Fast forward to 2021 and Tritton and Cracow are both producing positive operating cashflows, providing a platform on which we can now focus on life extension projects at both operations.”
This announcement is authorised for lodgement by:
Andre Labuschagne Executive Chairman
For further information, please contact:
Mr. Andre Labuschagne
Tel: +61 7 3034 6200, or visit our website at www.aerisresources.com.au
Tel: 0477 955 677 email@example.com
Aeris’ Board and management team bring decades of corporate and technical expertise in a lean corporate structure. Its leadership has a shared, and highly disciplined focus on operational excellence, and an enduring commitment to building strong partnerships with the Company’s workforces and key stakeholders.
Headquartered in Brisbane, in FY21 Aeris is forecasting to produce between 23,500 and 24,500 tonnes of copper from its Tritton Copper Operation in New South Wales, and between 70,000 and 75,000 ounces of gold from its Cracow Gold Operation in Queensland.
Aeris Resources Limited (ASX: AIS) is a diversified mining and exploration company. The Company has a growing portfolio of copper and gold operations, development projects and exploration prospects. Aeris has a clear vision to become a mid-tier mining company with a focus on gold and base metals, delivering shareholder value.