Aeris Resources Divests North Queensland Copper Assets for $14.5M, Strengthens Growth Pipeline with Constellation Project

Aeris Resources has sold its north Queensland copper assets to Dingo Minerals for approximately $14.5 million. The deal includes $5 million in cash, $6.5 million from bond releases, and a deferred $3 million payment linked to production. The divestment occurs as Aeris reports a 62% increase in net profit for FY26, driven by higher commodity prices and improved cost management. Additionally, Aeris has acquired Peel Mining's South Cobar project for $214 million and secured development consent for its Constellation project, enhancing its copper production pipeline.

Published Mar 28, 2026

Aeris Resources has divested its north Queensland copper assets to Dingo Minerals for about $14.5 million, receiving $5 million in cash and $6.5 million from bond releases. A $3 million deferred payment will follow Dingo achieving commercial production.

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The divestment coincides with Aeris reporting a 62% increase in net profit for the first half of FY26, with $306.3 million in revenue, up 5% year-on-year. Aeris also purchased Peel Mining's South Cobar copper project for $214 million and gained development consent for its Constellation project, which has an ore reserve of 2.3 million tonnes at 2.0% copper.