Peel Mining Scheme of Arrangement Approved by Court
Key points
- Peel Mining acquisition approved by court
- Effective date set for 22 June 2026
- Adds significant copper resources to Aeris
- Mallee Bull project prioritized for near-term development
- Wirlong project to be assessed for future ore supply
Full summary
Aeris Resources Limited (ASX: AIS) has announced that the Supreme Court of New South Wales has approved the scheme of arrangement under which Aeris will acquire 100% of Peel Mining Limited. The acquisition, expected to become effective on 22 June 2026, will significantly increase Aeris' copper resources with the addition of the South Cobar Copper Project, including the Mallee Bull and Wirlong Projects. This strategic move is expected to enhance the Tritton copper operations and position Aeris as a leading Australian copper producer.
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