Aeris Resources December 2024 Mineral Resource & Ore Reserves Statement – A Comprehensive JORC 2012 Analysis and Outlook
Tuesday, July 22, 2025
at
8:21 am
Aeris Resources Limited has issued its comprehensive Mineral Resource and Ore Reserves Statement as at 31 December 2024. The update outlines detailed technical, geological, and economic assessments across multiple deposits, confirming robust operational data to support current mining methods, ongoing exploration, and future growth.
Aeris Resources Limited has released its December 31, 2024 Mineral Resource and Ore Reserves Statement, detailing the technical basis of its various mining projects. The document outlines an extensive suite of data covering sampling techniques, drilling methods, and quality control measures across several key deposits. Aeris has used industry‐standard methods under the JORC Code to classify its resources into measured, indicated, and inferred categories, with each deposit’s technical parameters carefully detailed to underpin future mining decisions and economic assessments.
The statement covers projects spread across multiple regions, including the Bentley, Jaguar, Currawong and Wilga, Eureka and Bigfoot, and several Stockman deposits, as well as areas like Mt Colin and the Barbara and Avoca Tank deposits. For example, at the Bentley Deposit, drilling programs employed diamond core techniques—with high recovery rates and detailed core logging—while analytical data from accredited laboratories supports grade interpolation using ordinary kriging. In these deposits, key technical indicators include cut-off values set at around A$100 per tonne NSR, typical copper recovery figures in the range of 91% (in some cases adjusted to account for mining dilution) and stope recoveries that fluctuate according to the specific mining method applied. Technical details on core compositing lengths, search parameters, and variography are provided to justify the resource modelling and classification.
Across the assets, the methods used for estimating bulk density and the use of both measured data and predictive correlations help ensure that tonnage and grade estimates are robust. Detailed procedures are described for sample collection—from reverse circulation and diamond drilling through to sample splitting, pulverizing, and multi-element analysis. The technical work also covers the design of mining voids and stopes, incorporating dilution factors and recovery assumptions from both bench and underground operations. These parameters are used to refine economic models which take into account operational costs, metal prices, and anticipated concentrate treatment charges.
For beginner traders, the key takeaway is that Aeris Resources has provided an in-depth, methodically rigorous technical report, offering a transparent look at the company’s resource base across its diverse mining operations. The reported figures, which include measured and indicated resources along with detailed test work on metallurgical recoveries and stope design, underpin long-term project viability. However, as with many mining assets, success will depend on future metal price performance and operational execution, factors that have been carefully modeled in this report. This comprehensive technical disclosure not only reinforces the company’s commitment to high-quality reporting standards but also provides essential data that analysts and investors can incorporate into future valuations and forecasts.