Aeris Resources Limited · ASX:AIS
Aeris Resources — Shareholder Meeting (November 2025)
29 slides from Aeris Resources's shareholder meeting presentation, Nov 24, 2025
Slide 1: AGM Presentation
AGM Presentation 21 November 2025 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 PRODUCTION TARGETS CAUTIONARY STATEMENT The Ore Reserve and Mineral Resource estimates underpinning the Stockman Production Targets were prepared by a Competent Person in accordance with the JORC Code 2012. The material assumptions on which the Production Targets are based is set out in A
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: Corporate overview
Corporate overview Board of Directors AIS SHARE PRICE $0.70 $0.60 $0.50 $0.40 Andre Colin Michele Robert Millner $0.30 Labuschagne Moorhead Muscillo Non-Executive Executive Non-Executive Non-Executive Director $0.20 Chairman Director Director $0.10 $0.00 Senior Executives CAPITALISATION Market capit
Slide 6: Equity raise overview
Equity raise overview Placement completed raising $80 million gross proceeds SPP Event Date 7.00pm Thursday, 30 Record Date for SPP Offer SPP underway, targeting $10 million October 2025 5.00pm Tuesday, 2 Closing date of SPP December 2025 Use of proceeds: Repayment of WHSP debt (done) Announcement
Slide 7: FY25 Snapshot
FY25 Snapshot Results compared to FY24 42.1kt Cu eq $577.1 MILLION $49.5 MILLION WITHIN GUIDANCE INCREASED REVENUE $37m Lower production offset by increased pricing CASH AND RECEIVABLES $22.7m FY24 INCREASED EBITDA $68.6m $45.2 MILLION 24.9kt Down 2.3kt Cu produced $160.5 MILLION Net Profit $69.5m 5
Slide 8: FY26 Guidance
FY26 Guidance Compared to FY25 results Mine operating costs Exploration 40-49kt Cu eq 1 $302-369 MILLION $18-23 MILLION Sustaining capital Starting cash and receivables2 24-29kt Cu produced $57-70 MILLION $49.5 MILLION 44-56koz Au produced Growth capital $65-80 MILLION 240-293koz Ag produced 1. Cu
Slide 9: 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 10: Tritton
Tritton New South Wales
Slide 11: Tritton
Tritton Strategic, cornerstone asset Strategic location in the Cobar region of NSW ~450kt copper produced since operations began in 2005 and over 300kt still in Resource1 2,330km2 prospective tenement package FY26 guidance of 24 – 29kt Cu, a 37% improvement on FY252 Excess mill capacity longer term
Slide 12: Increasing Tritton production
Operational performance Increasing Tritton production 30 25 FY26 guidance of 24 – 29kt,up 37%1 on previous year 20 Cu Produced (kt) Stockpiled ore from Murrawombie Pit will enable mill to run at 2Mtpa rate2 (above nameplate capacity) 15 Sustaining material improvements in key production enablers in
Slide 13: Murrawombie Pit
Murrawombie Pit Waste stripping in first half of year with ore delivery in second half Tritton Mined Ore1 Murrawombie Pit ore to provide approx. 35% FY26 mill feed Murrawombie Pit Stage 1 ore processing complete and Stage 2 waste stripping underway to deliver ore in Jan 2026 Waste from cut back used
Slide 14: Constellation
Constellation Potential long-life mine to commence in FY27 Ore Reserve pit shells showing Indicated and Inferred Resource from the March 2025 MRE Large Mineral Resource defined: 7.6Mt of 2.01% Cu and 0.66g/t Au containing 153kt copper and 161koz gold1 Maiden Ore Reserve declared for open pit materia
Slide 15: Extend mine lives
Extend mine lives Underground Drill Metres Ramping up drilling at Tritton 100,000 80,000 Strong focus on Mineral Resource growth at multiple deposits ~80,000m underground diamond drilling planned in FY26 60,000 Target depth extensions at Avoca Tank, Budgerygar and Tritton 40,000 20,000 - FY20 FY21 F
Slide 16: Mine Life Growth
Mine Life Growth All current ore sources still open at depth 16
Slide 17: Cracow
Cracow Queensland
Slide 18: Cracow
Cracow High margin gold mine with long operating history Cracow production and Resources1 under Aeris ownership 800 Underground gold mine in continuous production since 2004 700 600 Conventional crush and grind CIP processing plant 500 koz Au Produced +1.7Moz gold since first production in 2004 400
Slide 19: Exploration
Exploration Golden Plateau ~850koz produced via open-pit and underground (~260m below surface) Open-pit proportion 190koz1 from remnants to ~120m below surface) Investigating large, lower grade mineralised halo around old stoping areas below the Golden Plateau pit2 A majority of the Mineral Resource
Slide 20: Exploration
Exploration Greenfield targets Targeting a +1Moz Western Vein Field analogue at the Southern Vein Field Airborne magnetic survey completed to aid finalisation of drill targets under 500m cover Drilling planned for FY26 to test geology model and identify prospective structures (limited historical dri
Slide 21: Projects
Projects Jaguar Stockman
Slide 22: Revised Jaguar strategy
Revised Jaguar strategy Reducing holding costs while undertaking low cost, high return exploration Strategy is to focus on +10 year life operations Pausing feasibility study while further exploration is undertaken 8 high priority base metals drill targets to be tested $3.1 million exploration progra
Slide 23: Jaguar
Jaguar Highly prospective for gold mineralisation Very significant gold endowment in the region 4.7Moz Thunderbox Operation1 located 8km north of the Jaguar tenements, 3.5Moz King of the Hills mine2 located 10km west Jaguar tenements highly prospective but had limited exploration Several advanced pr
Slide 24: Unlock Stockman
Unlock Stockman Consider partnering to unlock long term value High-grade Ore Reserve of 9.6Mt at 1.9% Cu, 4.3% Zn, 1.0g/t Au, 36g/t Ag1 Multiple processing routes assessed along with detailed cost estimates Potential to create a long life, high value operation Currawong mine plan Considering options
Slide 25: Summary
Summary 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 Produced x Au $
Slide 26: Appendix
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Slide 27: Group Ore Reserves
Group Ore Reserves (At 31 Dec 2024) 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 - - --
Slide 28: Group Mineral Resources
Group Mineral Resources (At 31 Dec 2024) 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 1
Slide 29: 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
Aeris Resources — Shareholder Meeting (November 2025) on 6ix