North Queensland Asset Sale Completed with Immediate Cash Inflow

Aeris Resources (ASX: AIS) has finalized the divestment of its North Queensland copper assets, completing the previously announced transaction with Dingo Minerals. The company has received an upfront cash payment of AU$5 million, alongside the release of approximately AU$6.5 million tied to environmental bonds, strengthening its immediate liquidity position. In addition, Aeris is set to receive a further AU$3 million deferred payment, contingent on the buyer reaching commercial production within the agreed timeframe.

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