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Aeris Resources Ltd.

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Summary

Project:

Tritton

Deposit:Tritton
Location:Australia
Commodities:Copper-Gold-Silver
Date:9/30/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:30-9-2019: Aeris Resources Ltd. announces a Resource Estimation report for its Tritton deposit at the Tritton project. Statement of mineral resources and ore reserves. The Tritton deposit is a sulphide copper mineralised body located on ML1544 in central
Resources:
CP/QP:[Resources]: Brad Cox (Internal)
ABSTRACT:The Tritton deposit is a sulphide copper mineralised body located on ML1544 in central New South Wales (NSW), Australia. The deposit geology has historically been described as a Besshi style volcanic associated massive sulphide (VMS) occurrence. Recent detailed geological analysis and interpretation across many of the sulphide deposits in the Tritton tenement package indicate sulphide mineralisation is structurally controlled with copper mineralisation associated with late stage deformational events. The deposit is now described as a structure controlled intrusive body. The Tritton deposit contains economic grades of copper, gold and silver. The gold and silver value in the ore is modest and the economics of the Tritton mine are dominated by copper metal production. The deposit is being mined using underground methods by Tritton Resources Pty Ltd a subsidiary of Aeris Resources Limited. The Tritton deposit was discovered in 1995 by a Joint Venture partnership between Straits Mining Pty Ltd and Nord Australex Nominees Pty Ltd. Through corporate restructures and name change Straits Mining has evolved to be Aeris Resources. Mining of the Tritton ore body commenced in 2004 with the development of an access decline and construction of a sulphide ore processing plant. Stope production commenced in March 2005. In its first year of production, Tritton mine produced 23,088t of copper in concentrate. Production rates are now around 18kt per annum of copper, recovered to a copper concentrate product.

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