InvestSMART

Aeris Resources Limited (ASX:AIS)

ALERT: Price-sensitive ASX Announcement for AIS
Current share price for AIS : $0.355 -0.21 (-37.17%)+
Announcement
Release
12 Feb 2026 9:56AM
Price at Release
$0.565
Full Release
download
Summary
The document details the proposed sale of the South Cobar Copper Project from Peel Mining Limited to Aeris Resources Limited. The transaction is structured as a Scheme of Arrangement, offering Peel shareholders a significant premium on their shares and an opportunity to retain exposure to other assets through a new entity, NewCo. NewCo will focus on exploration and growth opportunities in the Cobar Basin with assets including Southern Nights Complex and May Day deposit. The sale aims to leverage Aeris' Tritton processing plant capacity, creating a large copper mining hub in the Cobar region. The transaction is supported by significant shareholder and regulatory approvals and offers Peel shareholders a stake in Aeris and NewCo.
Key Points
  • Sale of South Cobar Copper Project to Aeris Resources Limited.
  • Transaction structured as a Scheme of Arrangement.
  • Peel shareholders receive significant premium and retain exposure through NewCo.
  • NewCo to focus on exploration in Cobar Basin with assets like Southern Nights Complex.
  • Use of Aeris' Tritton processing plant to create a copper mining hub.
  • Transaction requires shareholder and regulatory approvals.
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.