Aeris Resources (AIS) Diggers & Dealers Mining Forum 2026 summary

Market and operational highlights

• Copper prices reached record highs, creating favorable conditions for investment and growth.

• Two operating mines: Tritton (copper, NSW) and Cracow (gold, QLD), with additional projects in the pipeline.

• Significant exploration investment of AUD 25–30 million over the past year, the highest in 12 years.

• Achieved group guidance for FY 2026 and published 5–10-year mine plans.

• Balance sheet strengthened: cash increased from AUD 20 million to AUD 165 million, with zero debt.

Tritton Copper Mine developments

• Reserve quadrupled to 10 million tonnes, partly due to exploration and M&A (Peel Mining acquisition).

• Constellation open pit to begin production this week, with a 12-year mine plan and large resource still open at depth.

• Mallee Bull acquisition adds 2.7 million tonnes to reserves, aiming for a 10-year mine plan.

• Avoca Tank and Budgerygar deposits extended through drilling, supporting ongoing production.

• Targeting 24,000–25,000 tonnes copper production in FY 2027, with potential to reach 30,000 tonnes in three years.

Cracow Gold Mine and exploration

• Cracow produces about 40,000 oz of gold annually, with ongoing resource replacement.

• Golden Plateau project could extend mine life by 5–10 years, with high-grade drilling results.

• Western Vein Field continues to yield high-grade ore; Southern Vein Field exploration to begin this year.

• Low capital requirements and strong cash generation support further exploration.