InvestSMART

Peel Mining Limited (ASX:PEX)

ALERT: Price-sensitive ASX Announcement for PEX
Current share price for PEX : $0.160 0 (0%)+
Announcement
Release
12 Feb 2026 9:40AM
Price at Release
$0.160
Full Release
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Summary
Aeris Resources Limited announced its acquisition of Peel Mining Limited through a Scheme of Arrangement, aiming to extend the mine life of Tritton Operations and reinforce its position as a leading Australian mid-tier copper and gold producer. The strategic transaction involves acquiring Peel's South Cobar Copper Project and demerging Peel's remaining precious and base metals assets into a new entity, NewCo, which will be listed on the ASX. Peel shareholders will receive 0.3363 Aeris shares for each Peel share, significantly increasing their stake in a more robust copper and gold producer, while also retaining exposure to NewCo. The transaction promises a premium value for Peel shareholders and is unanimously recommended by Peel's Board of Directors.
Key Points
  • Aeris to acquire Peel’s South Cobar Copper Project via a Scheme of Arrangement.
  • Peel's remaining assets to be demerged into NewCo.
  • Peel shareholders to receive Aeris shares and retain exposure to NewCo.
  • Transaction enhances Tritton’s mine life and operational flexibility.
  • Peel shareholders gain a premium value for their shares.
  • The combined entity boosts market position as a larger copper and gold producer.
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.