from there website: Torrens, SA The Torrens Joint Venture...

from there website:

Torrens, SA

The Torrens Joint Venture between Argonaut Resources NL (ASX: ARE) and Aeris (70 per cent interest) and is another of Aeris’ key exploration projects.

The Torrens project (tenement EL 4296) is exploring for iron-oxide copper gold systems in the highly prospective Stuart Shelf region of South Australia. The project is located near the eastern margin of South Australia’s Gawler Craton region (Stuart Shelf), 50km from the Carrapateena copper gold deposit and 75km from BHP Billiton’s Olympic Dam mine.

Torrens contains strong magnetic and gravity anomalies with previous drilling by WMC Ltd intersecting intense magnetite and haematite alteration typical of Olympic Dam and Carrapateena style mineralised systems.

In early July 2010 the Torrens Joint Venture announced that its application under s23 of the Aboriginal Heritage Act 1988 in South Australia in respect of the Torrens project had been approved by the Minister for Aboriginal Affairs and Reconciliation. A judicial review of this decision was dismissed on 17 March 2011 in the Supreme Court of South Australia, ensuring that the original s23 authorisation stands.

The matter will eventually be returned to the ERD Court for a new decision. Aeris and our Joint Venture partner Argonaut, are active in preparing to obtain access to the land so exploration work can commence.