Aeris Resources has entered into an agreement to acquire Peel Mining Limited through an all-scrip deal. The proposal has received unanimous backing from the Peel board and is supported by Peel's major shareholders. The transaction will see the creation of a combined entity aiming to reinforce Aeris as a leading Australian mid-tier copper and gold producer. Further drilling is planned to refine the geological model, with subsequent mining studies to follow the model update. The process remains subject to customary conditions, including shareholder and court approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peel Mining Limited published the original content used to generate this news brief on February 11, 2026, and is solely responsible for the information contained therein.