AIS
Aeris Resources Limited
ASX
NOTICE OF ANNUAL GENERAL MEETING/PROXY FORM
Sentiment:
Annual General Meeting Notice
24 October 2024 10:52 PM
Aeris Resources Limited (ASX: AIS) has announced its Annual General Meeting (AGM) will be held on November 27, 2024, to consider resolutions including the adoption of the remuneration report, director re-election, and a capital increase.
Capital raise
Resolution 3 proposes issuing up to an additional 10% of the issued capital over a 12-month period.
Funds raised would be used for exploration, assessing investment opportunities, and working capital.
Summary
- Aeris Resources Limited (ASX: AIS) will hold its Annual General Meeting (AGM) on November 27, 2024, at 10:00 am (AEST).
- The AGM will be held in person at HopgoodGanim Lawyers in Brisbane, Australia.
- Shareholders can attend in person or vote by proxy online, by mail, or in person.
- The proxy voting instruction must be received by 10:00 am (AEST) on November 25, 2024.
- Four resolutions will be considered:
- Resolution 1: Adoption of the Remuneration Report for the year ended June 30, 2024 (advisory only).
- Resolution 2: Re-election of Mr. Michele Muscillo as a Director.
- Resolution 3: Approval to issue an additional 10% of the issued capital over 12 months under Listing Rule 7.1A.
- Resolution 4: Re-insertion of proportional takeover provisions in the Constitution.
- Shareholders can submit questions to the Company Secretary by email by 10:00 am (AEST) on November 25, 2024.
- The company's annual report was released on August 29, 2024.
Sentiment
Score: 7
Explanation: The overall sentiment is positive, reflecting a routine corporate announcement with a clear plan for the future. However, the lack of specific financial performance data prevents a higher score.
Highlights
- Annual General Meeting (AGM) on November 27, 2024
- Proxy voting deadline: November 25, 2024, at 10:00 am (AEST)
- Resolution 3: Approval to issue an additional 10% of issued capital over 12 months
- Annual report released on August 29, 2024
Positives
- The company is holding its AGM as scheduled.
- Shareholders have multiple options for voting, including in-person attendance and online proxy voting.
- The company is providing ample time for shareholders to submit questions and vote by proxy.
Future Outlook
Resolution 3 seeks shareholder approval to issue up to an additional 10% of the company's issued capital over a 12-month period, primarily for exploration activities, assessment of mineral property opportunities, other investments, and working capital.
Management Comments
- 'It is my pleasure to invite you to the Annual General Meeting'
- 'The Directors unanimously recommend that Shareholders vote in favour of all Resolutions.'
Industry Context
This announcement is a standard corporate governance procedure for a publicly listed company. The proposed capital increase under Listing Rule 7.1A is common for smaller ASX-listed companies seeking flexibility for future growth opportunities.
Next Steps
- Hold the Annual General Meeting on November 27, 2024
- Consider and vote on four resolutions
- Potentially issue additional capital based on the outcome of Resolution 3
Key Dates
- June 30, 2024: Year end for the Remuneration Report
- August 29, 2024: Annual report released to ASX
- October 25, 2024: Date of ASX/Media Release
- November 25, 2024: Proxy voting deadline and deadline for submitting questions
- November 27, 2024: Date of the Annual General Meeting
Keywords
Aeris Resources, AGM, Annual General Meeting, Shareholders, Proxy Voting, Remuneration Report, Capital Increase, Director Re-election, Takeover Provisions, Listing Rule 7.1A
AIS
Aeris Resources Limited
ASX
Sector: Materials
Filings with Classifications
Capital raise
7 May 2025 7:31 PM
Market Announcement
- The announcement concerns a capital raising by Aeris Resources Limited.
Delay expected
27 April 2025 7:52 PM
Quarterly Report
- Underground ore production was impacted by delays to stope filling at Budgerygar due to a failure of the newly commissioned paste pump.
- Ramp up to full production at Murrawombie Pit was slower than expected due to the contractor having difficulty securing skilled operators.
Better than expected
30 March 2025 7:12 PM
Mineral Resource Update
- The document contains better than expected results due to the significant increase in copper and gold resources at the Constellation deposit, with a substantial upgrade to the Indicated Mineral Resource.
Better than expected
26 February 2025 5:48 PM
Half-Year Results
- The company's financial results for HY25 are significantly better than HY24, with increased revenue, lower costs, and a substantial improvement in profitability.
Capital raise
2 February 2025 7:45 PM
Quarterly Report
- The ANZ facility was renewed to July 2025 to facilitate the refinancing process.
- The company is working to complete refinancing.
Delay expected
2 February 2025 7:45 PM
Quarterly Report
- There were delays to the paste fill plant at Budgerygar.
Delay expected
30 January 2025 6:03 PM
Quarterly Report
- The new paste fill pump and reticulation system at the Budgerygar mine was delayed due to overseas supplier issues.
Capital raise
27 November 2024 12:21 AM
Annual General Meeting Results
- The AGM approved the issuance of an additional 10% of the issued capital over a 12-month period.
Capital raise
14 November 2024 2:57 AM
Facility Extension Announcement
- The refinancing process implies the company is seeking additional capital, though the specific method is not detailed.
Better than expected
29 October 2024 6:34 PM
Quarterly Report
- Tritton and Cracow exceeded production expectations, resulting in better than expected overall production.
- The AISC was lower than expected, indicating better cost management.
Delay expected
29 October 2024 6:23 PM
Quarterly Operational Report
- The completion of mining activities at Mt Colin is now expected in late November 2024.
Better than expected
29 October 2024 6:23 PM
Quarterly Operational Report
- Copper equivalent production exceeded expectations, reaching 10.2kt for the quarter.
- All-in sustaining costs (AISC) were lower than anticipated at A$5.32/lb.
Better than expected
24 October 2024 10:55 PM
Annual Report
- Despite lower overall revenue, Aeris Resources significantly exceeded expectations for Adjusted EBITDA, demonstrating improved operational efficiency and benefiting from higher commodity prices.
Capital raise
24 October 2024 10:52 PM
Annual General Meeting Notice
- Resolution 3 proposes issuing up to an additional 10% of the issued capital over a 12-month period.
- Funds raised would be used for exploration, assessing investment opportunities, and working capital.
Delay expected
29 July 2024 11:29 PM
Company Presentation
- Mt Colin's copper production was below guidance due to limited toll processing availability, indicating a delay in processing mined ore.
Delay expected
29 July 2024 7:52 PM
Quarterly Activities Report
- Mining activities at Mt Colin are now expected to continue until early Q2 FY25, which is later than the previously expected late Q4 FY24.
Delay expected
17 July 2024 11:02 PM
Presentation
- Delays in toll processing for Mt Colin have resulted in a significant buildup of ore stockpiles.
Worse than expected
10 July 2024 7:20 PM
Missing type for ID: 3564
- ASX:AIS announces worse than expected results.
Better than expected
10 July 2024 7:20 PM
Missing type for ID: 3564
- ASX:AIS announces better than expected results.
Better than expected
3 July 2024 7:39 PM
Metallurgical Testwork Results
- The metal recoveries are better than the original conventional flotation flowsheet.
Worse than expected
2 July 2024 6:21 PM
Exploration Update
- The DHEM results suggest that the targeted copper lodes are deeper than initially anticipated, which could increase exploration costs and delay potential production.
Delay expected
16 June 2024 7:22 PM
Group Mineral Resource and Ore Reserve Statement
- The Jaguar Ore Reserve has not been updated since the previous reporting period (end December 2022).
Worse than expected
16 June 2024 7:22 PM
Group Mineral Resource and Ore Reserve Statement
- The document contains worse than expected results due to the overall decrease in Group Ore Reserve tonnage.
Better than expected
7 May 2024 6:22 PM
Exploration Update
- The new IP anomaly is larger than the one associated with the existing Canbelego Main Lode, suggesting the potential for a larger copper deposit.
Worse than expected
29 April 2024 8:01 PM
Quarterly Report
- Tritton's metal production was impacted by labour and equipment availability, leading to lower than expected output.
Delay expected
29 April 2024 7:04 PM
Quarterly Activities Report
- Mt Colin toll processing and copper production are behind schedule.
- Due to reduced processing runs through the year, copper production is forecast to be below guidance for FY24 at Mt Colin.
Better than expected
8 April 2024 7:05 PM
Exploration Update
- The document contains better than expected results because new geophysical surveys have identified significant new copper targets in close proximity to known, high-grade copper mineralisation at the Canbelego deposit.
Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.