Aeris Resources (AIS) investor relations material

Strategic focus and operational outlook

• Emphasis on operational delivery, growth, and a clear 12-month strategy for asset optimization and production increases across key mines.

• Targeting copper equivalent production of 40,000–49,000 tonnes in FY26, with two producing operations and three development projects.

• Tritton copper mine to increase production by 37–38% in FY26, targeting 24,000–29,000 tonnes of copper and 8,000 ounces of gold.

• North Queensland assets are being divested to simplify the business and release restricted cash, with completion targeted for later in the year.

• Jaguar mine remains in care and maintenance, with a revised strategy to reduce costs and prioritize high-return exploration.

Operational performance and guidance

• FY26 group guidance: 24,000–29,000 tonnes copper, 44,000–56,000 ounces gold, 240,000–293,000 ounces silver, and copper equivalent of 40,000–49,000 tonnes.

• Cracow Gold Mine expected to produce 36,000–46,000 ounces of gold, with increased ore mining and plant throughput to offset lower grades.

• Mine operating costs for FY26 projected at $302–369 million, with sustaining capital of $18–23 million and growth capital of $65–80 million.

• Major capital spend for Constellation project to begin in FY27, pending approvals expected in Q3 FY26.

• Krakow's stable gold output supports cash generation and further exploration investment.

Project development and exploration initiatives

• Major capital investment in Tritton, including pre-strip work at Morawambi Pit and transition to Constellation deposit for future production.

• Exploration budget doubled to $20 million, with ~80,000 meters of underground drilling planned at Tritton in FY26.

• Focused on extending mine lives at Tritton, targeting depth extensions at Avoca Tank, Budgerygar, and Tritton.

• Cracow exploration targeting new high-grade zones at Southern Vein Field, Western Frontier, and Golden Plateau, with drilling planned for FY26.

• Eight high-potential exploration targets identified at Jaguar, with a $3.1 million program in FY26.