Aeris Resources (AIS) investor relations material

Financial Position and Growth Strategy

• Eliminated AUD 40 million in debt, now debt-free with a strong balance sheet and $202.3 million in cash and receivables.

• Achieved FY26 group guidance with 42.1kt copper equivalent production and market capitalisation of $539 million as of July 2026.

• Tritton copper mine reserves increased to over 10 million tons containing 180kt copper, with total resources at 33Mt containing 540kt copper.

• M&A activity included the acquisition of Peel Mining, adding the Mallee Bull asset with 2.7 million tons in reserves at 2.4% Cu, with production targeted for FY30.

• Exploration investment of AUD 25–30 million annually continues to drive resource growth and mine life extension.

Project Development and Operational Updates

• Constellation mine received its mining lease and will commence operations within weeks, with a 12-year mine plan and $106M in infrastructure capital.

• Constellation open pit to start production in Q4/FY27, transitioning underground with production from FY29.

• Mallee Bull approval processes underway, expected to enter production in 2.5–3 years, forming a key part of the production pipeline.

• FY27 mine plan focuses on open pit mining at Murrawombie and Constellation, with underground mining at Tritton and Budgerygar.

• Ongoing drilling at Avoca Tank and Budgerygar has extended reserves and resources, supporting future production targets.

Cracow and Other Asset Opportunities

• Cracow gold mine produced 40,000–40,600 ounces annually in FY26, with reinvestment into the Golden Plateau project.

• Golden Plateau drill program 75% complete, with a resource update expected in H1 FY27 and high-grade intersections reported.

• Golden Plateau, near the plant, is targeted for startup within 12 months, potentially extending Cracow’s mine life to over five years.

• Exploration at Cracow includes a 14,000-meter drill program, aiming to confirm 200,000–300,000 ounces of additional gold.

• Greenfield exploration targets set in the Southern Vein Field and Western Frontier, with drilling access negotiations and plans for FY27.