Latest Aeris Resources (ASX:AIS) News

Aeris Resources outlines FY27 production largely in line with FY26, while sharply increasing growth capital to advance the Constellation project and boosting exploration across assets.

Small-cap shares produced the week’s biggest moves, led by Xenitra’s 60% surge and Carnaby Resources’ takeover jump.
Mining news dominated, but sharp falls in Lotus Resources and several funded developers showed that new capital can still unsettle investors.

Carnaby led the market after Evolution Mining agreed to a A$213 million takeover. Coal and lithium names fell despite major production and funding news.
Across materials, investors rewarded deals and cash flow, but punished large capital needs and weak price follow-through.

Aeris Resources has lifted its Group Mineral Resources by 24% and Ore Reserves by 50% to 61Mt and 21Mt respectively, driven by the Peel Mining acquisition and exploration success across its portfolio.

Aeris Resources delivered a standout FY26 with a 78% EBITDA surge to $285 million, boosted by strong copper and gold production and a major expansion of its Tritton Ore Reserves. The company also completed its Peel Mining acquisition and kicked off early works at the Constellation Project.

Takeovers, mine studies and record quarterly updates drove the week, with buyers chasing companies that put hard numbers around cash flow, reserves and contract wins. Losses were just as sharp where traders sold into reopenings or questioned whether fresh capital and non-binding deals would turn into profits.

Small-cap resources names drove the biggest moves this week, with discovery drilling, project studies and funding deals pushing traders into a handful of stocks. The strongest gains came where companies delivered something concrete: thicker ore, bigger reserves, better cash flow or a clearer route to production.

Aeris Resources has secured the critical mining lease for its Constellation Project at Tritton Copper Operations, unlocking the path to production with early construction already underway and waste stripping set for early next year.

Aeris Resources has reported a substantial 70% jump in Mineral Resources and a fourfold increase in Ore Reserves at its Tritton Operations, driven by the Peel Mining acquisition and successful exploration at key deposits.

Aeris Resources reported FY26 copper equivalent production of 42.1kt and gold output of 49koz, both comfortably within guidance, while ending the year with a robust cash and receivables balance of $202.3 million.

Aeris Resources has completed its acquisition of Peel Mining through a scheme of arrangement, issuing new shares to Peel shareholders and setting the stage for an expanded Tritton copper operation.

Small-cap materials stocks swung hard as buyers chased project funding, processing breakthroughs and new drill results. The biggest moves came from energy infrastructure, greenfields deals and uranium, while gold and copper stories kept the sector busy.