Canbelego Joint Venture
Aeris Resources, through its subsidiary company Tritton Resources Pty Ltd, holds a 30% interest in the Canbelego Project (EL 6105) located in the Cobar region of NSW. The project is a joint venture with Oxley Resources (70% interest), a subsidiary company of Helix Resources (ASX:HLX). Exploration activities and management of the Exploration Licence are undertaken by Helix Resources. The project is considered to be prospective for high-grade, Cobar-style copper deposits analogous to the nearby CSA Copper Mine.
Recent drilling June 2022 intersected wide zones of copper sulphide mineralisation in two diamond core holes in the Canbelego Main Lode. A major drill program incorporating approximately 50 diamond core and reverse circulation holes is in progress testing mineralisation in the Main Lode as well as the newly identified Western Lodes.