Aeris puts focus on its ‘next phase of growth’
Aeris Resources has outlined its growth plans for the upcoming financial year, focusing on investment in project development, exploration and resource growth.
The Australian mid-tier copper and gold producer has forecast FY27 group production of 22,000–27,000 tonnes of copper, 42,000–51,000 ounces of gold and 130,000–160,000 ounces of silver.
This compares with FY26 actual production of 23,000 tonnes of copper, 49,000 ounces of gold and 256,000 ounces of silver.
The company said that the next financial year’s growth capital will increase significantly to support construction and waste stripping at the Constellation open pit within the Tritton operations, with growth and project expenditure forecast at $170–210 million, compared with $102 million the previous year.
At the Tritton project in New South Wales, copper production is expected to build through the year as Constellation progresses toward becoming a key ore source. Waste stripping is scheduled to begin in the September quarter, with first sulphide ore expected to reach the mill late in the March quarter.
In the final quarter of FY27, around 45 per cent of mill feed is expected to come from higher-grade supergene and primary ore from Constellation.
Tritton is forecast to produce 22,000–27,000 tonnes of copper during FY27, with growth capital of $160–190 million primarily focused on Constellation infrastructure and capitalised waste stripping.
Aeris is also increasing exploration investment across its portfolio, with group exploration expenditure planned at $29–35 million.
At Tritton, drilling will continue to target conversion of Inferred Mineral Resources to Indicated status, while greenfields exploration will test new prospects for potential discoveries.
At Cracow, gold production guidance is 34,000–41,000 ounces, with increased exploration aimed at extending mine life.
A dedicated drill rig will continue resource definition and exploration work at Golden Plateau, while additional underground drilling will target new near-mine opportunities.
The company said FY27 production is expected to remain broadly similar to FY26, with investment focused on positioning Aeris for future growth through Constellation development and exploration success.