Ann: Quarterly Report and Appendix 5B, page-10

Will Aeris get on the front foot at Lake Torrens?

There could also be corporate activity instigated by Aeris, as management recently indicated that it would consider acquisitions.
Does this place the $30 million Argonaut Resources in the frame, or perhaps simply the acquisition of its 30% stake?
More likely the latter, as Argonaut’s interests in an early stage Zambian copper-cobalt project, nor its Higginsville gold and nickel prospects appear to be a strategic fit.
However, for ownership of projects often translates into investors attributing fair value, suggesting an offer to take full ownership of Lake Torrens isn’t out of the question.
Such a transaction would also make for a cleaner takeover should suitors see value in owning the project.


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