Aeris Resources (AIS) investor relations material

Strategic growth, achievements, and production outlook

• Targeting an increase from 40,000 to 80,000 tons copper equivalent production within 3–5 years, leveraging two operating mines and new project startups.

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

• Tritton copper mine and Cracow gold mine are long-life assets, each with over 20 years of operation and ongoing cash generation.

• Completed Peel Mining acquisition, expanding reserves at Tritton and supporting a 10-year mine plan.

• Portfolio simplification and capital management remain priorities for FY27.

Operational performance and financial position

• FY26: 23,000 tons copper, nearly 50,000 oz gold, 42,100 tons copper equivalent, EBITDA of AUD 290 million, and cash/receivables of AUD 202 million.

• Debt fully repaid, leaving a zero-debt balance sheet; gold hedging concluded in June, now fully unhedged.

• AUD 264 million in tax losses remain, deferring tax payments for at least another year.

• Market cap around AUD 750–770 million, with analyst estimates above current share price and strong management oversight.

• Asset sales and divestment of non-core North Queensland assets for up to $15.5M strengthened the balance sheet.

Asset development, exploration, and project pipeline

• Tritton’s reserve increased from 2 million to over 10 million tonnes in 12 months, with 77,000 m drilled recently and further growth expected.

• Major reserve additions from Constellation (3.8Mt, 62kt Cu) and Mallee Bull (2.7Mt, 66kt Cu); Avoca Tank and Budgerygar deposits expanded through drilling.

• Cracow mine delivered 40.6koz gold in FY26, with a 14,000m Golden Plateau drill program underway and resource update expected H1 FY27.

• Stockman project feasibility study underway, aiming to add 25,000 tons copper equivalent production and push total output toward 80,000 tons; feasibility update due H1 FY27.

• Jaguar mine repositioned as an exploration play, with new drilling targeting both base metals and gold potential.