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AERIS RESOURCES LIMITED — Capital/Financing Update 2021
Feb 14, 2021
64347_rns_2021-02-14_1117ee7c-687b-43cf-a3ad-19de8448c5a2.pdf
Capital/Financing Update
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ASX/MEDIA RELEASE
15 FEBRUARY 2021
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ADDITIONAL COPPER HEDGING FOR TRITTON
Established Australian copper and gold producer and explorer , Aeris Resources Limited (“Aeris” or “the Company”) is pleased to announce it has entered into further unsecured A$ copper hedges with Macquarie Bank Limited. The hedge allows Aeris to participate in a copper price of up to $11,100/t which is ~$430/t above current spot and a downside protection of $10,000/t
The hedges will cover the period February to July 2021 in scheduled monthly deliveries of approximately 667 tonnes (4,000 tonnes in total). Please refer to the ASX announcement issued on 22 September 2020, detailing further copper hedge tonnes in place.
The hedges are through Zero net Premium Option Collars where Aeris buys puts and sells call options to form a collar structure with zero premium payable:
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The strike price of the put options is A$10,000/t; and
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The strike price of the call options is A$11,100/t.
This announcement is authorised for lodgement by:
Andre Labuschagne Executive Chairman
ENDS
For further information, please contact:
Mr. Andre Labuschagne Executive Chairman Tel: +61 7 3034 6200, or visit our website at www.aerisresources.com.au
Media:
Peta Baldwin Cannings Purple Tel: 0455 081 008 [email protected]
Aeris Resources Limited ABN 30 147 131 977
Level 2, HQ South Tower, 520 Wickham Street, Fortitude Valley QLD 4006 Australia Post: Box 14, 520 Wickham Street, Fortitude Valley, QLD 4006
E : [email protected] T: +61 7 3034 6200 F: +61 7 3034 6290 aerisresources.com.au