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Aeris Resources Limited (ASX:AIS)

ALERT: Price-sensitive ASX Announcement for AIS
Current share price for AIS : $0.385 -0.02 (-4.94%)+
Announcement
Release
19 Jun 2026 11:01AM
Price at Release
$0.405
Full Release
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Summary
Aeris Resources Limited announced the Supreme Court of New South Wales' approval of the scheme of arrangement for the acquisition of Peel Mining Limited. This acquisition allows Aeris to acquire 100% of Peel Mining, adding significant copper resources from the South Cobar Copper Project, which includes the Mallee Bull and Wirlong Projects. The acquisition is expected to become effective on June 22, 2026, with implementation on July 1, 2026. This strategic acquisition aims to bolster Aeris' resource base in the Cobar region, underpinning the future of its Tritton copper operations.
Key Points
  • Supreme Court of New South Wales approved Aeris' acquisition of Peel Mining.
  • Aeris to acquire 100% of Peel Mining Limited.
  • Acquisition includes South Cobar Copper Project with Mallee Bull and Wirlong Projects.
  • Scheme expected to be effective on June 22, 2026, with completion on July 1, 2026.
  • Strategic acquisition strengthens Aeris' position in Cobar region.
  • Aeris aims to enhance Tritton copper operations' longevity and production.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.