Aeris Resources Limited · ASX:AIS
Aeris Resources — Investor Presentation (February 2025)
25 slides from Aeris Resources's investor presentation, Feb 28, 2025
Slide 1: Red Cloud Pre-PDAC
Red Cloud Pre-PDAC February 2025 Presented by: Andre Labuschagne
Slide 2: Disclaimer
Disclaimer This investor presentation has been prepared by Aeris Resources Limited FUTURE PERFORMANCE AND FORWARD-LOOKING STATEMENTS Aeris confirms that the form and context in which the Competent Person’s (“Aeris” or the “Company”). By attending an investor presentation or This presentation contain
Slide 3: Aeris Resources
Aeris Resources Weighted to copper Australian mid-tier, base and precious metals FY25 production guidance producer 29 79 47 Cu Au Ag Copper Gold Silver 27-32 kt 50-62koz 200-240koz 2 producing operations (40-48kt copper eq.)1 3 development projects All sites prospective for further discoveries Subst
Slide 4: Aeris Snapshot: Dec 2024
Aeris Snapshot: Dec 2024 $145m $58m 40-48kt Market cap YTD cash from operations FY25 Cu eq guidance2 $40m $26m $43m Drawn debt Closing cash Liquidity1 1. Includes cash, receivables and undrawn liquidity on the WHSP facility 2. CuEq t = ((Cu Produced x Cu $/t) + (Au Produced x Au $/oz) + (Ag Produced
Slide 5: A simplified, stronger portfolio
A simplified, stronger portfolio High-grade copper equivalent Resources across 3 projects + 0.5Moz gold in Resource¹ supporting strategic copper growth Assets aligned with strategic copper focus Gold supporting copper growth Tritton Cracow 1.7% Cu eq 0.5Moz Au1 Jaguar 1.3Mt Cu eq1 3.6% Stockman Dive
Slide 6: Cash flow
Cash flow Strong operating cash flows funding investment into assets Dec YTD Group Cash Flow ($M) 120 9 100 42 80 60 (42) 25 (5) 40 (13) 25 26 (15) 20 - Tritton OCF Mt Colin OCF Jaguar C&M Finance and Other Jun-24 Cracow OCF Capital and Exploration Corporate Dec-24 6 1. OFC = Operating cash flow
Slide 7: Tritton
Tritton New South Wales
Slide 8: Tritton
Tritton Strategic, cornerstone asset Strategic location in the Cobar Basin of NSW 430kt copper produced since operations began in 2005 and over 340kt still in Resource1 2,330km prospective tenement package FY25 guidance of 21 – 25kt copper Improving production with addition of open pit ore from Murr
Slide 9: Murrawombie Pit
Murrawombie Pit Cut back on old pit also provides major rehab saving Stripping commenced in Feb 2025 with contract miner (MacKellar) First ore to mill Q3 FY25 to enable mill to be run at capacity in Q4 FY25 Ore Reserve of 1.3Mt @ 1.3% Cu, 0.2g/t Au1 Waste from cut back used to cap old heap leach pad
Slide 10: Potential production growth
Potential production growth Tritton is mine-constrained; increased tonnes from new, higher-grade deposits could enable Cu output > 30ktpa 3.0% 2.5% 2.0% Copper grade 1.5% 1.0% 0.5% 0.0% Current ore sources Unmined deposits Reserve Grade1 Resource Grade1 10 1. Refer to Appendix for categories of the
Slide 11: Exploration potential
Exploration potential Multiple targets provide potential to extend mine life Constellation: high priority, large scale target, resource upgrade and mining studies underway Extensions: Tritton, Murrawombie, Avoca Tank and Budgerygar all still open at depth Kurrajong: high grade deposit, open at depth
Slide 12: Constellation deposit
Constellation deposit Potential future baseload feed for Tritton mill Located 45km northeast of the Tritton plant Mineral Resource1 of 6.7Mt at 1.9% Cu and 0.6g/t Au Drill program completed in January targeting conversion of inferred resource to indicated in the upper portion of deposit as well as u
Slide 13: Cracow
Cracow Queensland
Slide 14: Cracow
Cracow Mature, high-grade gold mine Low-sulphidation epithermal underground gold mine located 500km northwest of Brisbane Conventional crush and grind CIP processing plant Produced +1.5Moz gold since first production in 2004 FY25 guidance 40 – 49koz Au Track record of meeting or exceeding budget Str
Slide 15: Exploration
Exploration Highly prospective greenfield targets Continuing to drill near mine targets in the Western Vein Field (WVF) for incremental additional ounces Priority conceptual greenfield targets with the potential to host new mineralised structures Western Frontier represents a potential new structura
Slide 16: North Queensland
North Queensland Queensland
Slide 17: North Queensland
North Queensland Mining completed; non-core tenement package Mining and processing now completed at Mt Colin Rehabilitation activities underway Part of an attractive 952km2 tenement package including the feasibility-stage Barbara project Divestment process underway 17
Slide 18: Development projects
Development projects
Slide 19: Jaguar
Jaguar Brownfield copper/zinc restart opportunity Mineral Resource1 8Mt @ 1.3% Cu, 5.6% Zn, 0.5g/t Au and 65g/t Ag across 4 deposits Transitioned to care and maintenance in Q1 FY24 Potential restart on resources at Bentley with development out to high-grade Turbo lens Restart to include mill and inf
Slide 20: Stockman
Stockman Concentrator flowsheet for Albion Process Long life, Cu-Zn-Au-Ag project with all primary permits Feasibility study well advanced 12 year mine plan producing at up to 850ktpa1 from a single deposit Potential to extend mine life with other known deposits Currawong mine plan Albion leaching t
Slide 21: Investment highlights
Investment highlights Company set for growth 40 – 48kt Cu eq1,3 FY25 production guidance of 3 growth projects targeting copper 1.3Mt Cu eq Resource2,3 across 3 projects +500koz Au4 to support the copper strategy Strong operating cash flow funding growth 1. CuEq t = ((Cu Produced x Cu $/t) + (Au Prod
Slide 22: Appendix
We are /\ciis Appendix
Slide 23: Group Ore Reserves
Group Ore Reserves PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL Base Metals % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Proved 5 1.8 - - - 0.1 - - - Probable 2,790 1.5 - 0.3 5 41 - 23 451 Total 2,790 1.5 - 0.3 5 41 - 23 451 Jaguar Proved 90 1.4 8.7 0.8 74 1 8 2 225 Probable 1,0
Slide 24: Group Mineral Resources
Group Mineral Resources PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL Base Metals % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Measured 1,300 1.0 - 0.1 3 13 - 4 120 Indicated 11,200 1.4 - 0.3 4 145 - 91 1,280 Inferred 10,000 1.7 - 0.3 4 183 - 137 1,440 Total 22,500 1.5 - 0.3 4 34
Slide 25: Tritton Mineral Resources
Tritton Mineral Resources PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL Base Metals % Cu g/t Au g/t Ag kt Cu koz Au koz Ag Tritton Measured 1,300 1.0 0.1 3 13 4 120 Indicated 1,500 1.1 0.0 2 16 2 90 Inferred 1,200 1.3 0.2 7 16 10 290 Total 4,000 1.1 0.1 4 46 16 500 Murrawombie Measured - - -
Aeris Resources — Investor Presentation (February 2025) on 6ix