2241 GMT - The Constellation metal deposit is shaping up as a gamechanger for Aeris Resources's existing Tritton mine, contends Bell Potter. Aeris has released an updated estimate of Constellation's resource, which points to total tons up 13%, contained copper up 24% and contained gold up 28%. Analyst David Coates says Constellation is key to underpinning an eight-year extension to Tritton's mine life. It also supports production growth to 25,000-30,000 tons/year of copper. Bell Potter lifts its FY 2026 and FY 2027 EPS forecasts by 14% and 46%, respectively. "These are driven primarily by our upgraded production forecast for Tritton and higher gold prices," the bank says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 31, 2025 18:41 ET (22:41 GMT)
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