Aeris Receives Development Consent for Constellation Project
Key points
- Constellation Project granted development consent by NSW Government
- Open pit ore reserve of 2.3 Mt @ 2.0% Cu, 0.6 g/t Au, 3 g/t Ag
- Total mineral resource of 7.6 Mt @ 2.0% Cu, 0.7 g/t Au, 2.5 g/t Ag
Full summary
Aeris Resources Limited (ASX: AIS) has announced that the NSW Department of Planning, Housing and Infrastructure has granted Development Consent for the Constellation Project. This is a critical step that enables the project to move towards development. The Constellation Project is located in the Cobar Basin Region of New South Wales, approximately 45 kilometres north-east of the Tritton Processing Plant. The open pit Ore Reserve Estimate includes a Probable Ore Reserve of 2.3 Mt @ 2.0% Cu, 0.6 g/t Au, 3 g/t Ag containing 47 kt Cu, 49 koz Au, and 228 koz Ag. The Total Mineral Resource Estimate for the project stands at 7.6 Mt @ 2.0% Cu, 0.7 g/t Au, and 2.5 g/t Ag. Aeris' Executive Chairman, Andre Labuschagne, stated that receiving development consent represents a key milestone for the project and, coupled with the recently declared Open Pit Ore Reserve, places the company in a strong position for Constellation to become the next major ore source for Tritton in the near term. Aeris acknowledged and thanked the NSW Government for their continued support.
Outlook
Aeris is in a strong position for the Constellation Project to become the next major ore source for its Tritton operations in the near term.
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