Aeris Resources (ASX:AIS) has announced a working capital adjustment of $28.7M will be imminently received by the company, relating to the Round Oak Minerals acquisition in July.
The Mid-tier base and precious metals producer has a copper-dominant portfolio with four operating assets across Australia.
Aeris? Executive Chairman, Andre Labuschagne says the funds, in addition to its reported cash of $52M as at the end of September, ensures the company is well funded:
?We have an exciting year ahead as we bring online the Budgerygar and Avoca Tank underground mines at Tritton, as well as undertake (other) exploration programs.?