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Aeris Resources Limited (ASX:AIS)

ALERT: Price-sensitive ASX Announcement for AIS
Current share price for AIS : $0.370 -0.195 (-34.51%)+
Announcement
Release
12 Feb 2026 9:40AM
Price at Release
$0.565
Full Release
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Summary
Aeris Resources Limited has announced its intention to acquire Peel Mining Limited in a strategic move to consolidate their copper mineral resources within the Cobar region of Australia. The combined entity will have a significant Mineral Resource estimate, enhancing their position in the mining sector. The acquisition process, as detailed in the Scheme Implementation Deed, involves several legal and procedural steps, including court hearings and shareholder meetings, with the completion expected by early July 2026.
Key Points
  • Aeris Resources Limited plans to acquire Peel Mining Limited.
  • The acquisition aims to consolidate mineral resources, particularly copper, in the Cobar region.
  • The combined entity's pro forma Mineral Resource estimate in the Cobar region is 29.5 Mt at 1.73% Cu for 511kt of contained Cu.
  • Globally, the combined Mineral Resource estimates of Aeris and Peel will be 981kt contained Cu.
  • The Scheme Implementation Deed outlines the terms of the acquisition, including obligations and timelines.
  • The acquisition process involves several steps including court hearings and shareholder meetings.
  • The acquisition is expected to be completed by early July 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.