Aeris Resources (ASX:AIS) has received development consent from the New South Wales Department of Planning, Housing, and Infrastructure to conduct development activities at the Constellation Project, located in the Cobar Basin region.
The company says this approval acts as a “critical step” to move the project towards development.
Executive Chairman Andre Labuschagne says the New South Wales Government’s continued support for the Constellation Project is evident through the return of development consent.
“Receiving development consent represents a key milestone for the project,” Labuschagne says.
“Coupled with our recently declared open pit ore reserve, this places us in a strong position for Constellation to become the next major ore source for Tritton in the near term.”
Located around 45km northeast of Aeris’ Tritton processing plant, Constellation holds an open pit ore reserve estimate of 2.3 million tonnes @ 2% copper, 0.6 grams per tonne gold, 3g/t silver containing 47,000 tonnes gold, and 228,000 ounces silver in the probable ore reserve.
Constellation holds a total reserve estimate of 7.6 million tonnes @ 2% copper, 0.7g/t gold, and 2.5g/t silver.
A key role of New South Wales Government orchestrated environmental planning instruments is to outline when a developmental project requires consent in order to ensure the project meets local standards.
Aeris Resources is a base and precious metals producer, holding a copper dominant portfolio with two operating assets, numerous development projects, and exploration assets.
Write to Maddison Elliott at Mining.com.au
Images: Aeris Resources
