Aeris Resources Limited

What Aeris Resources Limited does

Aeris Resources Limited (ASX: AIS) is an Australian mid-tier base and precious metals producer headquartered in Brisbane. The company operates a copper-dominant portfolio that includes two producing copper assets — the Tritton Copper Operations in New South Wales (processing ore through a flotation plant achieving 93-95% copper recovery to concentrate, drawing from Tritton, Murrawombie, Avoca Tank and Budgerygar deposits) and the Jaguar Zinc/Copper Operations in Queensland — as well as the Cracow Gold Operations in Queensland (acquired from Evolution Mining in 2020) producing gold from underground operations. The portfolio also includes the long-life Stockman copper-zinc development project in Victoria and the recently-approved Constellation copper project, with additional exposure through the Canbelego joint venture (30% interest) and exploration tenements across NSW, Queensland, and Victoria.

The company monetizes its mineral inventory by selling copper, gold, zinc, and silver concentrates directly to metal smelters and industrial buyers globally through offtake agreements and spot market transactions, with commodity pricing tied to prevailing global market prices. Revenue is generated purely from hardware-style sales of metal concentrates, with the company previously undertaking hedging programs for copper and gold to manage price volatility. The North Queensland copper assets (Mt Colin) were divested in March 2026 as part of ongoing portfolio rationalization, while the pending A$214 million acquisition of Peel Mining — inter-conditional with the Spectre Metals demerger — will consolidate the South Cobar copper assets into the existing Tritton infrastructure, expected to deliver a combined 29.5 million tonnes at 1.73% copper and avoid the need for A$200-300 million in standalone facility development capital.

Operationally, Aeris operates a lean cost structure with FY27 copper-equivalent production guidance of 40,000-49,000 tonnes. The company's Q3 FY26 results showed a 72% quarter-on-quarter increase in operating cash flow to AUD 76 million, with cash and receivables rising to AUD 150 million. The strategic focus is copper-dominant production with precious metals (gold, silver) and zinc as by-products, supported by an AUD 30 million exploration budget for FY26 and an aggressive acquisition program that has previously transformed the company through the Round Oak Minerals acquisition (July 2022).

Name

Aeris Resources Limited

Legal name

Aeris Resources Limited

Website

https://aerisresources.com.au

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Aeris Resources Limited is an Australian mid-tier base and precious metals producer operating copper, gold, and zinc mining assets, with a copper-dominant portfolio of producing mines, development projects, and exploration tenements sold to global smelters.

Ownership category

akta.pro rank

Product category

Base and Precious Metals Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Coal and Other Mineral and Ore Merchant Wholesalers (42352)

SIC

Miscellaneous Metal Ores (1090), Wholesale-Metals & Minerals (No Petroleum) (5050), Gold And Silver Ores (1040)

akta.pro primary industry

Critical Minerals Trading, Offtake & Marketing (IMAKAFAJ)

akta.pro secondary industries

Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Concentrates & Intermediate Feedstocks Marketing (Concentrates, Cathodes, Anodes, Alumina) (IMAKAJAJ)

Keywords

• Copper mining
• Gold mining
• Zinc concentrate production
• Base metals producer
• Mineral resource exploration

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Metal Concentrate Sales: Aeris generates revenue through the sale of copper, gold, and zinc concentrates produced at its Australian mining operations. The company operates two producing copper assets (Tritton Copper Operations, Jaguar Zinc/Copper Operations), one gold operation (Cracow Gold Operations), and has development projects including Stockman and Constellation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Aeris Resources Limited operates a portfolio of copper, gold, and zinc mining assets in Australia. The company produces and sells metal concentrates from operating mines (Tritton, Cracow, Jaguar), advances development projects (Stockman, Constellation), and conducts exploration activities across prospective tenements. Its copper-dominant portfolio includes two operating copper assets, one gold operation, and one zinc/copper operation, with concentrate sold globally to smelters and industrial buyers.

Product overview

Aeris Resources operates a diversified portfolio of mining assets focused on base and precious metals. The company manages two operating copper mines (Tritton Copper Operations and North Queensland Copper Operations), one gold operation (Cracow Gold Operations), one zinc/copper operation (Jaguar Operations), and has development projects including the Stockman Project and Constellation Project. The portfolio also includes the Canbelego exploration joint venture. The company processes ore through flotation techniques producing copper, zinc, and gold concentrates. The strategic focus is on copper-dominant production with precious metals as by-products.

Differentiator

Problem solved

Functional benefit

Products and services

• Tritton Copper Operations

Quantifiable outcome

• 72% increase in operating cash flow quarter-on-quarter to AUD 76 million
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Peel Mining LimitedcoreStrategic or Co-development Partner · 12 February 2026Aeris Resources proposed to acquire 100% of Peel Mining shares for approximately A$214 million through a scheme of arrangement. The transaction combines Aeris' Tritton copper complex with Peel's South Cobar copper project to create a larger mid-tier copper and gold producer. Peel's board unanimously recommended shareholders vote in favor of the scheme.
• Helix Resources (ASX:HLX) - Canbelego JVminorStrategic or Co-development PartnerAeris Resources holds 30% interest in the Canbelego Project (EL 6105) through subsidiary Tritton Resources Pty Ltd. The project is a joint venture with Oxley Resources (70% interest), a subsidiary of Helix Resources. Exploration activities and management are undertaken by Helix Resources. The project is considered prospective for high-grade, Cobar-style copper deposits.
• Spectre Metals LimitedminorStrategic or Co-development PartnerSpectre Metals Limited is to be demerged from Peel Mining as part of the acquisition transaction. It will retain Peel's precious and base metal assets in the Cobar Basin and be distributed pro rata to Peel shareholders as part of the inter-conditional arrangement.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Westgold Resources: Australian mid-tier gold producer operating multiple mines in Western Australia. Comparable in scale, ASX listing, and multi-asset base/precious metals strategy.
• Ramelius Resources: Australian mid-tier gold producer with multiple operating mines in Western Australia. Comparable mid-cap ASX-listed gold producer with similar operating scale and direct concentrate/doré sales approach.
• Sandfire Resources: Australian mid-tier copper and gold producer operating the DeGrussa copper-gold mine and developing the Motheo Copper Project in Botswana. Closest direct comparable in copper-dominant mid-tier segment with similar processing and concentrate marketing model.
• Capricorn Metals: Australian mid-tier gold producer focused on the Mt Gibson Gold Project in Western Australia. Comparable as a mid-tier Australian precious metals producer pursuing growth through development and M&A, though more gold-focused than copper-dominant.
• Silver Lake Resources: Australian mid-tier gold producer with operating mines and processing facilities. Comparable in size, ASX mid-cap status, and direct sales to refiners approach.

Broad incumbents

• Evolution Mining: Australian mid-to-large gold and copper producer that previously owned Cracow Gold Mine (sold to Aeris in 2020). Comparable asset type and geological setting; larger incumbent with broader portfolio.
• Newmont Corporation: World's largest gold miner with significant copper exposure. Comparable in producing copper-gold concentrates and operating in similar jurisdictions; broader incumbent providing scale and pricing benchmarks.
• BHP Group: Global mining major with significant copper and base metals operations including Olympic Dam in South Australia. Sets benchmark pricing, offtake dynamics, and processing standards relevant to mid-tier Australian copper producers.

Emerging players

• KGL Resources: Australian copper-focused developer with the Jervois Copper Project in the Northern Territory. Comparable as a smaller copper-focused Australian company progressing from development to production.
• Helix Resources: Australian junior copper exploration company managing the Canbelego Joint Venture (Aeris holds 30% via Tritton Resources). Directly comparable through JV relationship and shared Cobar region geological focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aeris-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aeris Resources Limited