Aeris Resources Limited · ASX:AIS
Aeris Resources — Q2 FY26 Earnings Presentation
25 slides from Aeris Resources's earnings presentation, Jan 29, 2026
Slide 1: Q2 FY26 Results
Q2 FY26 Results 29 January 2026 Presented by: Andre Labuschagne
Slide 2: Disclaimer
Disclaimer This investor presentation has been prepared by Aeris Resources Limited However, investors should note that the non-IFRS financial information DISCLAIMER (“Aeris” or the “Company”). By attending an investor presentation or and non-GAAP financial measures do not have standardised meanings
Slide 3: Disclaimer
Disclaimer NO NEW INFORMATION STATEMENT This presentation refers to Exploration Results, estimates of Mineral Resources and Ore Reserves contained in the Group Mineral Resource and Ore Reserve Statement as at 31 December 2024 (announced on 22 July 2025 “Group Mineral Resource and Ore Reserve Stateme
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer 2 producing operations (FY26: 40-49kt copper eq.)1 3 development projects Investing in exploration Substantial copper production and metal inventory Excellent platform for growth 1. Cu Eq t = ((Cu Produced x Cu $/t) + (Au Produce
Slide 5: Aeris strategy for FY26
Aeris strategy for FY26 Balance Sheet Repay debt by August 26 06 01 Operational Delivery Tritton Assets sales • Murrawombie Pit Consider hedging strategy • Constellation on time • Resource extension • LOM Cracow • Golden Plateau • Resource extension • LOM Growth • Focus on life extensions 05 R
Slide 6: Key points for Q2 FY26
Key points for Q2 FY26 Solid operating performance and strong closing cash position Tritton production of 5.0kt Cu at AISC of A$3.94/lb, lower quarter on Group copper equivalent production of 10.1kt1 quarter but in line with plan as Murrawombie Pit focused on waste stripping Costs well managed acros
Slide 7: Quarter Cash Flow
Quarter Cash Flow Stronger cash balance after equity raise and debt repayment Dec Quarter Group Cash Flow ($M) 1 - OCF = operating cash flow 2 - Proceeds from Equity Riase are net of direct costs 7 3 - Finance and other includes gold hedging
Slide 8: YTD Cash Flow
YTD Cash Flow YTD Group Cash Flow ($M) 1 - OCF = operating cash flow 2 - Proceeds from Equity Riase are net of direct costs 8 3 - Finance and other includes gold hedging
Slide 9: Tritton
Tritton NSW
Slide 10: Q2 FY26 results
Q2 FY26 results Production Summary Unit Sep 25 Qtr Dec 25 Qtr YTD FY26 Guidance Ore Mined kt 284.7 245.1 529.8 Production lower Q on Q, as planned Mined Grade % Cu 1.98 2.16 2.06 Ore Milled kt 358.3 251.8 610.0 Milled Grade % Cu 1.8 2.1 1.9 Recovery % Cu 95.0 95.7 95.3 Production of 5.0kt Cu at AISC
Slide 11: Murrawombie Pit
Murrawombie Pit Stage 2 cutback Stage 2 waste stripping underway – no ore mining during the quarter Minor pit redesign for geotechnical risk management Updated grade control model shows 10% increase in contained metal Stage 2 ore to be delivered to the mill next quarter 11
Slide 12: Tritton exploration
Tritton exploration New mineralisation along strike from Avoca Tank Two drill holes intersected high grade copper 50-100m south of Avoca Tank resource ATEL128 22.2m1 @ 3.23% Cu, 0.08g/t Au, 3.8g/t Ag (from 296.8m) ATEL127 9.4m1 @ 1.65% Cu, 0.63g/t Au, 8.0g/t Ag (from 253.3m) 13 hole program underway
Slide 13: Tritton exploration
Tritton exploration Thicker drill intersections from Budgerygar Drilling targeting Inferred Mineral Resource and potential extensions below the base of the know resource Has returned significantly thicker copper intersections than expected BDEL089 24.0m1 @ 1.76% Cu, 0.03g/t Au, 3.1g/t Ag (from 108.0
Slide 14: Cracow
Cracow Queensland
Slide 15: Q2 FY26 results
Q2 FY26 results Sep 25 Dec 25 FY26 Production Summary Unit YTD Quarter production ahead of plan, costs on track Qtr Qtr Guidance Ore Mined kt 142.3 150.9 293.2 Mined Grade g/t 2.16 2.49 2.33 Gold production 11.1koz, ahead of plan, at AISC of Ore Milled kt 154.3 157.3 311.6 A$3,278/oz Milled Grade g/
Slide 16: Cracow exploration
Cracow exploration Drilling at Golden Plateau Drill program commenced to test remnant mineralisation around historic stoping areas 7,000m drill program underway Second drill rig mobilised in early January Golden Plateau is a key target for resource growth and mine life extension at Cracow 16
Slide 17: Projects
Projects
Slide 18: Q2 FY26 activities
Q2 FY26 activities Project updates Jaguar – on care and maintenance Jaguar – base metal exploration program to commence next quarter Stockman – reviewing next steps to progress project North Queensland – divestment expected to be completed next quarter 18
Slide 19: Corporate
Corporate Closing cash and receivables increased to $106.4 million Sep Dec (A$ Million) 2025 2025 Restricted cash related to environmental bonds unchanged at ~$17 QTR QTR million Closing cash 32.0 87.9 Tritton - Copper concentrate receivables 14.4 18.4 Cash flow from operations of $44 million impact
Slide 20: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer 2 producing operations (FY26: 40-49kt copper eq.)1 3 development projects Investing in exploration Substantial copper production and metal inventory Excellent platform for growth 1. Cu Eq t = ((Cu Produced x Cu $/t) + (Au Produce
Slide 21: Thank You
Thank You
Slide 22: Appendix
Appendix
Slide 23: Group Ore Reserves
Group Ore Reserves BASE METALS Category Tonnes Grade Contained Metal Asset (‘000) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tritton Proved 100 0.7 - - - 1 - - - Probable 2,280 1.6 - 0.3 6 36 - 23 444 Total 2,380 1.5 - 0.3 6 37 - 23 444 North Qld Proved - - -- - -- - - - - Pro
Slide 24: Group Mineral Resources
Group Mineral Resources BASE METALS Category Tonnes Grade Contained Metal Project (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tritton Measured 0.4 1.0 - 0.1 2 4 - 1 30 Indicated 11.0 1.6 - 0.4 4 179 - 158 1,270 Inferred 7.5 1.8 - 0.3 4 131 - 73 840 Total 18.9 1.7 - 0.4 4 3
Slide 25: FY26 Guidance
FY26 Guidance Tritton FY26 Guidance FY25 Actual Group FY26 Guidance FY25 Actual Production Production Copper kt 24 - 29 19.4 Copper kt 24 - 29 24.9 Gold koz 8 - 10 6.1 Gold koz 44 - 56 55.2 Silver koz 215 - 263 185.2 Silver koz 240 - 293 185.2 Copper equivalent1 kt 40 - 49 42.1 Operating Costs Mine