Argonaut acted as Advisor to Straits Resources Limited for the US$136 million debt restructuring and project finance of the company in 2015. Straits Resources Limited is an Australian independent gold and copper mineral exploration and development company. This decision for debt transaction follows an extensive global tender and due diligence process following all relevant conditions precedent to the recent shareholder approved longer-term debt structure.

Straits Resources Limited (ASX:SRQ) changed its name to Aeris Resources Limited (ASX:AIS) in 2015 following a strengthened financial outlook from various growth opportunities. The Company’s main assets include the wholly-owned Tritton Copper Operations in New South Wales, the Cracow Gold Operations in Queensland, as well as the Torrens Project greenfields exploration in South Australia.