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How Peel’s $214M Deal with Aeris Creates a New ASX Metals Explorer

10:12am on Thursday 12th of February, 2026 AEDT Mining
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How Peel’s $214M Deal with Aeris Creates a New ASX Metals Explorer

10:12am on Thursday 12th of February, 2026 AEDT
Key Points
  • South Cobar Copper Project sold to Aeris via Scheme of Arrangement
  • Peel shareholders receive Aeris shares plus shares in new company NewCo
  • Transaction values Peel at $0.234 per share, a 49.1% premium to recent VWAP
  • Peel shareholders to own 20.5% of Aeris and 100% of NewCo
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