Aeris Resources (AIS) investor relations material

Strategic overview and achievements

• Achieved FY26 group production guidance with 42.1kt copper equivalent and 49koz gold, reflecting a 19% YoY copper increase and strong operational delivery across assets.

• Balance sheet strengthened by debt repayment, asset sales, and a 308% YoY increase in cash and receivables to $202 million.

• Completed Peel acquisition, expanding resource base and development pipeline.

• Divested North Queensland exploration assets for up to $15.5M, focusing on core operations.

• Continued investment in exploration and life extension projects at key sites.

Asset portfolio and growth projects

• Operates two producing mines: Tritton (NSW, copper) and Cracow (Qld, gold), with multiple development projects including Stockman and Jaguar.

• Tritton's ore reserves quadrupled to over 10Mt (180kt Cu), with total resources at 33Mt (540kt Cu); new reserves at Constellation and Mallee Bull.

• Constellation project advancing with a 5.3Mt reserve and $106M infrastructure capital planned over two years.

• Mallee Bull, acquired via Peel, holds a maiden reserve of 2.7Mt at 2.4% Cu; production targeted for FY30.

• Stockman project in Victoria progressing with feasibility update due H1 FY27 and major permits granted.

Exploration and resource expansion

• Significant resource extensions at Tritton, Budgerygar, Avoca Tank, and Constellation, with all deposits open at depth.

• Cracow's Golden Plateau drilling program underway, targeting remnant mineralisation and a resource update in H1 FY27.

• Jaguar project remains on care and maintenance but is highly prospective for base metals and gold, with new targets to be evaluated.

• Greenfield exploration at Cracow's Southern Vein Field and Western Frontier planned for FY27.