Aeris Resources Limited
Aeris Resources is a mid-tier Australian copper-gold producer operating the Tritton copper mine near Nyngan/Cobar, NSW, and the Cracow gold mine in Queensland; the March 2026 quarter delivered 6.1kt of copper from Tritton at an AISC of A$4.24/lb. The company ended the quarter with $46.4 million in cash and receivables against $40 million drawn on its WHSP facility, is targeting full debt repayment by August 2026, and is advancing the Constellation growth project (targeted to begin FY27) alongside newly identified mineralisation extending Cracow's mine life.
Notable vs. Peers
- Financials score of 7.6/10 is stronger than the peer average of 5.5/10.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Sep 1999 · Source
- Dec 2003 · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Jurisdiction (40%)9/10
New South Wales: Fraser PPI 2025 is 73.26 of 100 (rank 37 of 68), which maps to 9 on this site's scale. New South Wales/Queensland, Australia — top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Tritton Copper Mine, New South Wales (and Cracow Gold Mine, Queensland).
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Peak (incl. New Cobar) (Aurelia Metals Ltd), 82 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:3.9/10
Nearest producing mine: Peak (incl. New Cobar) (Aurelia Metals Ltd), 82 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Executive Chairman of Aeris Resources Limited, the company's top executive officer (no separate CEO role).
Chief Financial Officer and Company Secretary of Aeris Resources Limited. Over 20 years' experience in mainly financial roles with ASX-listed companies. Joined Aeris in 2013; previously held roles at Norton Gold Fields, Worley Parsons, Deloitte and PKF.
Chief Operating Officer of Aeris Resources Limited. More than 27 years' experience in mining operations and technical roles across gold, base metals and coal. Prior Chief Operating Officer at Chifeng Gold; previously held senior positions at MMG, Redpath, BHP Billiton and Rio Tinto. Bachelor of Engineering (Geological).
Chief Technical Officer of Aeris Resources Limited. Over 35 years' experience as a mining industry professional with technical expertise in geology and geotechnical engineering. MBA in Technology Management; holds multiple master's degrees.
Chief People Officer of Aeris Resources Limited. More than 20 years' experience leading people and culture teams, mainly in the mining industry. Joined Aeris in 2022; previously HR Manager at New Hope Group and HR Business Partner at BHP.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Washington H. Soul Pattinson, the long-established Australian investment house, is the anchor holder at about 6.68% as at July 2026, down from 8.35% after a share issue diluted it. Its stake originates from selling Round Oak Minerals to Aeris in 2022 and taking shares as part of the consideration, which is a weaker signal than an outside buyer writing a cheque -- though Soul Patts has also supported subsequent equity raisings. UBS appeared as a 5.57% substantial holder in June 2026, but its position has crossed in and out of the 5% threshold five times in eight months, which reads as a trading book rather than a view.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Aeris Resources operates the Tritton copper mine near Nyngan in New South Wales and the Cracow gold mine in Queensland, and copper made up 60% of its FY2026 revenue. In July 2026 Tritton's ore reserve was quadrupled to 10 Mt at 1.7% copper, containing about 180,000 t of copper, 130,000 oz of gold and 3.2 Moz of silver, more than five years of mill feed, within a resource of 33 Mt at 1.7% copper. FY2026 EBITDA rose 78% to A$285M, net debt was eliminated, and Tritton's all-in sustaining cost for the year was US$2.92/lb (AUD 4.17/lb). Aeris is advancing the Constellation growth project, targeted to begin in FY2027, and a Cracow resource update and revised mine plan are expected in the first half of FY2027.