Aeris Resources Limited · ASX:AIS
Aeris Resources — Q3 FY26 Earnings Presentation
29 slides from Aeris Resources's earnings presentation, Apr 29, 2026
Slide 1: Q3 FY26 Results
Q3 FY26 Results 29 April 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 Multiple 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
Slide 5: Continuing to Deliver on Aeris' FY26 Strategy
Continuing to Deliver on Aeris’ FY26 Strategy Balance Sheet Repay debt 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 extens
Slide 6: Key points for Q3 FY26
Key points for Q3 FY26 Strong cash generation and Tritton set up for Q4 Tritton copper production slightly lower than revised plan due to Cash and receivables up to $149.8M lower mined grade from open pit and underground Murrawombie Pit now delivering Stage 2 ore, with the Tritton mill Cash flow fro
Slide 7: Quarter Cash Flow
Quarter Cash Flow Strong operating cash flow supported by higher commodity prices March Quarter Group Cash Flow ($M) 39 56 5 (41) (3) (5) 119 (20) 88 1. OCF = operating cash flow 7 2. Finance and other includes gold hedging
Slide 8: YTD Cash Flow
YTD Cash Flow YTD Group Cash Flow ($M) 94 97 (9) (16) 5 138 (40) (124) 119 (54) 28 1. 2. OCF = operating cash flow Proceeds from Equity Raise are net of direct costs 8 3. Finance and other includes gold hedging
Slide 9: Tritton
Tritton NSW
Slide 10: Q3 FY26 results
Q3 FY26 results Production Summary Unit Sep 25 Qtr Dec 25 Qtr Mar 26 Qtr YTD FY26 Guidance Increased mined tonnes but lower grades Ore Mined kt 284.7 245.1 392.6 922.4 Mined Grade % Cu 1.98 2.16 1.49 1.82 Ore Milled kt 358.3 251.8 326.0 936.0 Milled Grade % Cu 1.80 2.08 1.74 1.85 Recovery % Cu 95.0
Slide 11: Murrawombie Pit
Murrawombie Pit Delivering Stage 2 ore Pit moved into Stage 2 ore late in Q3 Increased ore supply now enabling Tritton mill to run at nameplate capacity in Q4 Lower grade transitional ore also impacted recoveries but pit now in primary sulphide material Rehabilitation of old heap leach pads using op
Slide 12: Constellation
Constellation Project development on track for operations Q1 FY27 Constellation 2-stage pit and underground design Early construction works approved to commence in May, starting with the haul road and services corridor to site $10-15 million planned project capital will be brought forward from FY27
Slide 13: Tritton exploration
Tritton exploration Targeting updated MRE in Q4 Avoca Tank – drilling continues to intersect mineralisation outside the boundaries of the current Mineral Resource1 Drilling to continue at Avoca Tank through Q4 to inform an updated Mineral Resource Budgerygar – resource definition drilling is focused
Slide 14: Cracow
Cracow Queensland
Slide 15: Q3 FY26 results
Q3 FY26 results Sep 25 Dec 25 Mar 26 FY26 Production Summary Unit YTD Quarter production on plan, costs on track Qtr Qtr Qtr Guidance Ore Mined kt 142.3 150.9 137.1 430.3 Mined Grade g/t 2.16 2.49 2.40 2.35 Ore Milled kt 154.3 157.3 155.3 466.9 Gold production 10.1koz in line with plan, at AISC of A
Slide 16: Golden Plateau exploration
Golden Plateau exploration Drilling increasing confidence in future open pit opportunity Drill program underway to test remnant mineralisation around historic stoping areas Program expanded to approximately 14,000m Total of 32 holes completed, with assays returned for 15 Key intersections include1:
Slide 17: Projects
Projects
Slide 18: Q3 FY26 activities
Q3 FY26 activities Project updates Jaguar – drill rig mobilised for base metals exploration program to test 8 high priority targets (drilling commenced in April) Stockman – updating feasibility study for public release in early FY27 North Queensland – divestment completed for cash consideration of $
Slide 19: Corporate
Corporate Closing cash and receivables increased to $149.8 million Sep 25 Dec 25 Mar 26 (A$ Million) QTR QTR QTR Restricted cash held against environmental bonds $17.7 million Closing cash 32.0 87.9 119.1 Tritton - copper concentrate receivables 14.4 18.4 30.7 Useable Cash and Receivables 46.4 106.4
Slide 20: Peel Transaction
Peel Transaction Tenements to be acquired: 1,479km2
Slide 21: Strategic Acquisition to Transform Tritton
Strategic Acquisition to Transform Tritton Aeris to acquire Peel’s South Cobar Copper Project (Mallee Bull + Wirlong) via Scheme of Arrangement Measured & Indicated Resources (Contained Cu kt) Inferred Resources (Contained Cu kt) Grade (Cu %) South Cobar Copper Project resources to extend Tritton mi
Slide 22: Extending Tritton's mine life
Extending Tritton’s mine life Contained Tritton Copper Production (kt) Copper Resources(2) Increasing mine life by combining Tritton’s processing capacity with Mallee Bull high-grade ore 29 M+I: 44kt Wirlong Inferred: 31kt Guidance Tritton mine life to be underpinned by base load feed from Range Con
Slide 23: Indicative Transaction Timeline
Indicative Transaction Timeline Scheme Booklet expected to be dispatched to Peel shareholders in early May 2026, ahead of a Scheme Meeting in mid June 2026 and transaction completion by early July 2026 Timeline Indicative Date Scheme and Demerger Timeline First Court Date for Scheme Early May 2026 S
Slide 24: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer 2 producing operations (FY26: 40-49kt copper eq.)1 Multiple development projects Investing in exploration Substantial copper production and metal inventory Excellent platform for growth 1. Cu Eq t = ((Cu Produced x Cu $/t) + (Au
Slide 25: Appendix
= 7a Neris Appendix
Slide 26: Group Ore Reserves
Group Ore Reserves BASE METALS Category Tonnes Grade Contained Metal Asset (‘000) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tritton Proved 100 0.7 - - - 1 - - - Probable 2,280 1.6 - 0.3 6 36 - 23 444 Total 2,380 1.5 - 0.3 6 37 - 23 444 North Qld Proved - - -- - -- - - - - Pro
Slide 27: Group Mineral Resources
Group Mineral Resources BASE METALS Category Tonnes Grade Contained Metal Project (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tritton Measured 0.4 1.0 - 0.1 2 4 - 1 30 Indicated 11.0 1.6 - 0.4 4 179 - 158 1,270 Inferred 7.5 1.8 - 0.3 4 131 - 73 840 Total 18.9 1.7 - 0.4 4 3
Slide 28: FY26 Guidance
FY26 Guidance Tritton FY26 Guidance FY25 Actual Group FY26 Guidance FY25 Actual Production Production Copper kt 24 - 29 19.4 Copper kt 24 - 29 24.9 Gold koz 8 - 10 6.1 Gold koz 44 - 56 55.2 Silver koz 215 - 263 185.2 Silver koz 240 - 293 185.2 Copper equivalent1 kt 40 - 49 42.1 Operating Costs Mine
Slide 29: South Cobar Copper Project Resources
South Cobar Copper Project Resources South Cobar Project Copper MREs as at January 2023 ($A80/t NSR cut-off) MRE Deposit Category Tonnes (kt) Cu (%) Au (g/t) Ag (g/t) Zn (%) Pb (%) Cont Cu (kt) Cont Au (koz) Cont Ag (Moz) Cont Zn (kt) Cont Pb (kt) Ind 5,590 1.93 0.38 27 0.13 0.21 108 68 4.85 7.3 11.