• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Fat Tail Daily

Investment Ideas From the Edge of the Bell Curve

  • Menu
    • Commodities
      • Resources and Mining
      • Copper
      • Gold
      • Iron Ore
      • Lithium
      • Silver
      • Graphite
      • Rare Earths
    • Technology
      • AI
      • Bitcoin
      • Cryptocurrency
      • Energy
      • Financial Technology
      • Bio Technology
    • Market Analysis
      • Latest ASX News
      • Dividend Shares
      • ETFs
      • Stocks and Bonds
    • Macro
      • Australian Economy
      • Central Banks
      • World Markets
    • Small Caps
    • More
      • Investment Guides
      • Premium Research
      • Editors
      • About
      • Contact Us
  • Latest
  • Fat Tail Series
  • About Us
Latest

Aeris Resources [ASX:AIS] Says Copper Developments Underway at Tritton

Like 0

By Fat Tail Daily, Tuesday, 30 May 2023

Copper and gold producer Aeiris Resources provides an update on its Tritton operations, with new headway made at Avoca Tank, and mining and ore results provided alongside expectations for Budgerygar.

Mid-tier base and precious metals producer Aeris Resources [ASX:AIS] has provided an update on its key development projects underway at its Tritton Copper Operations in NSW.

Shareholders were upping the AIS stock by more than 2% by the early afternoon on Tuesday.

Looking over the last year, the miner has declined in share prices by 29%, trending low both in its sector and against the wider market average by 28%:

ASX:AIS Aeris Resources stock chart news 2023

Source: TradingView

 

Aeris Resources reports on progress at Tritton

Aeris shared that its ladderway installation has been completed at the Avoca Tank. This allows the Avoca Tank stope to begin trucking to deliver 11,000 tonnes at 3.0% Cu ore — a process that began last week.

The miner expects the high-grade ore in this deposit will contribute to a significant increase in copper production which has been forecast at Tritton for Q4.

Diamond drilling also continues at the Avoca Tank mine. Resource definition and grade control drilling will focus on targeting a 60-metre-high vertical section, which also covers the initial production front.

Aeris says that the drill program has so far exceeded expectations, with assays returned from most drill holes intersecting high-grade copper and gold.

These have been associated with three massive sulphide lenses — two copper-gold, and one smaller gold. These lenses remain open down-plunge.

A dominant high-grade copper-gold sulphide lens has been traced 100 metres along the strike, and some of the high-grade copper-rich results included:

ASX:AIS Aeris Resources Hole ID

Source: AIS

The group also touched on its Budgerygar ventilation shaft, which is still running into some geotechnical issues and causing slower progress than planned.

The vent shaft is expected to be completed Q1 FY2024, but Aeris insists production in Q4 FY23 is not at risk.

Completion of the ventilation shaft is expected to bring higher production rates with multiple headings going forward, and overall, ore development activities remain on track at Budgerygar.

Aeris chairman, Andre Labuschagne said:

‘The team at Tritton have done a fantastic job to bring Avoca Tank into production on time. The recent high-grade drill results at Avoca Tank also indicate the potential for higher grades and a larger metal inventory within the initial mining areas.

‘Unfortunately, geotechnical issues continue to delay the Budgerygar ventilation raise, with completion now expected in early Q1 FY24, enabling a significant ramp-up in production from the mine in FY24.

‘Scheduled ore and Cu metal production from Budgerygar in Q4 however is not at risk as the scheduled tonnes can be mined with existing infrastructure, prior to completion of the primary ventilation shaft.’

 

Three copper mining stocks to watch in 2023

Copper is a hot topic right now, and there are certain stocks worth watching in 2023.

If you subscribe to Fat Tail Commodities you could instantly download our resident geologist and commodities expert, James Cooper’s most recent copper stock report — all for free.

In James’ latest report, not only will you get instant access to three of the latest top stock picks for the copper industry — including one of the biggest, multi-billion-dollar copper producers — but also ongoing access to integral information that every resource investor should know but might not.

Learn about the copper supply crisis and learn how you can position yourself to take advantage of changes that are already happening.

Interested in jumping at a potentially lucrative opportunity reserved for the shrewdest of investors?

Keen to get started with three not-to-be-ignored copper stock tips?

Then you should click here today.

 

Regards,

Fat Tail Commodities

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Comments

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments
Fat Tail Daily

Fat Tail’s Premium Subscriptions

Publication logo
Fat Tail Investment Research

Latest Articles

  • The Shopping Revolution No One Saw Coming
    By Charlie Ormond

    Amazon just sacrificed its most sacred business principle. You should be asking why.

  • While Markets Snooze, This Microcap is Flying
    By Murray Dawes

    While markets tread water due to the Middle East conflict, Murray and Callum go hunting for opportunities at the tiny end of the market. They find a great one that is ready to run.

  • Commodity Cycle: Are You Seeing It Now?
    By James Cooper

    Commodities with vastly different demand and supply fundamentals rising higher all at once… A coincidence? Read on to find out.

Primary Sidebar

Latest Articles

  • The Shopping Revolution No One Saw Coming
  • While Markets Snooze, This Microcap is Flying
  • Commodity Cycle: Are You Seeing It Now?
  • From geek to God: the trillion dollar maven
  • The stock market prices in peace in the Middle East

Footer

Fat Tail Daily Logo
YouTube
Facebook
x (formally twitter)
LinkedIn

About

Investment ideas from the edge of the bell curve.

Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.

Quick Links

Subscribe

About

FAQ

Terms and Conditions

Financial Services Guide

Privacy Policy

Get in Touch

Contact Us

Email: support@fattail.com.au

Phone: 1300 667 481

All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

Fat Tail Logo

Fat Tail Daily is brought to you by the team at Fat Tail Investment Research

Copyright © 2025 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988