Aeris Resources Ltd (ARSRF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the Eris Resources quarterly results presentation. I'm Andre Lavershain, Executive Chairman for Eris Resources. I'll do the presentation, and at the end, I'll take questions. You can raise your hand on the app, and we will open for you to ask questions, or you can leave your questions in Q&A, and I will answer the questions from the Q&A. Just kicking off quarter one, another good quarter from the operations, both Tritton and Krakow performed ahead of our internal plans with a group copper equivalent production at 10,200 pounds copper, basically in line with the last quarter at a reduced only sustaining cost of $5.32 Australian. As I said, Triton, a head-off plan at 5,000 tons. Krakau, well ahead. They had a really good quarter on production at nearly 13,000 ounces of gold. Now, in Colin, mining... from operations or mining and grade on plant, actually grades better than plant, but the process run we had was mainly oxide tons, which normally has got lower recoveries processed, and that has impacted recovery and production. That said, though, there's 175,000 tons of stock at InnoCentury, which will be processed. and finish processing in February 2025. The drilling at Constellation is going really well, 28 holes. The drilling should be finished by the end of November with an updated resource, indicated resource in the third quarter, which will then result in an update on the feasibility study for Constellation. Jaguar is still in care maintenance. We've done various restart scenarios. We have locked in a scenario which we will present to the board this quarter. The Stockman test work continues. As we said before, very good results from the Albion test work on the first round. We're doing more test work across the whole body, but al...