Aeris Resources Limited provided an update on exploration activities at the Company's 100% owned Cracow Operation in southeast Queensland. Mineable gold mineralisation within the Cracow tenement package is associated with geographical areas, referred to as the Western Vein and Eastern Vein gold fields. Gold mineralisation was first discovered within the Eastern Vein Field in the early 1930s at the Golden Plateau deposit.

Mining activities at Golden Plateau and surrounding prospects continued until the mid-1990s via a combination of underground and open pit operations. Over the 60-year period, in-excess of 850,000 ounces of gold was produced. A prospective corridor immediately west of the Eastern Vein Field was discovered by a Newcrest-Sedimentary Holdings Joint Venture in the late 1990s.

The initial deposit, Royal (400koz Au metal), was followed by the discovery of a further 15 individual high-grade gold deposits within the Western Vein Field, most of which are blind to surface, situated beneath post-mineralisation cover rocks of the Back Creek Group. Current underground mining operations are within the Western Vein Field. Gold mineralisation at Cracow is associated with a style of deposit referred to as low sulphidation epithermal (LSE).

At Cracow, LSE deposits are characterised by high- grade gold (Au) and silver (Ag) mineralisation. Ore shoot dimensions generally range in size from 50 to 300 metres in strike and 50 to 200 metres down plunge. Ore shoots develop along fault structures where they intersect brittle stratigraphic units.

Within the Western Vein Field three major Au-Ag mineralised faults have been identified. The discovery of a LSE deposit at Cracow is considered a two staged approach, initially focusing on three key features, namely structure, stratigraphy and fluid flow. Once a prospective fault has been identified the focus switches to the second stage, again focusing on three key features, vein textures, quartz facies and geochemistry.

The exploration search space at Cracow is focused on discovering new deposits within and south from the Western and Eastern Vein Fields. Greenfield exploration activities have focused on reviewing prospectivity across the tenement package and identifying priority targets to focus exploration efforts. The work completed has defined three priority target areas: Southern Vein Field; A 5km x 4km corridor directly along strike (south) from the current underground mining operation; Western Vein Field.

Continuation of the currently mined Killarney structure further south (Ballymore near mine target). Potential ore shoot repeats down plunge from major deposits (Royal and Crown) hosted along the Klondyke epithermal vein trend. Eastern Vein Field.

Initial focus on the Golden Plateau deposit. Opportunity to discover modest sized deposits along the 7km corridor.