Bell Potter says Aeris Resources could jump 120% after Peel Mining deal

Aeris Resources has acquired Peel Mining, gaining the Mallee Bull and Wirlong copper projects with a combined 197kt of contained copper. Added to Tritton’s existing base, Aeris’ total copper resource in the Cobar region rises to 511kt. Bell Potter kept a Buy rating and a A$0.90 target price, implying 120% upside from the stock’s 40.2 cents level, according to the broker.