Aeris Resources Limited · ASX:AIS
Aeris Resources — Q1 FY26 Earnings Presentation
22 slides from Aeris Resources's earnings presentation, Oct 21, 2025
Slide 1: Q1 FY26 Results
For personal use only Q1 FY26 Results 22 October 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 NO NEW INFORMATION STATEMENT This presentation refers to Exploration Results, estimates of Mineral Resources and Ore Reserves contained in the Group Mineral Resource For personal use only and Ore Reserve Statement as at 31 December 2023 which was announced on 17 June 2024 (2024 MROR Group
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer For personal use only 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
Slide 5: Aeris strategy for FY26
Aeris strategy for FY26 For personal use only 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 o
Slide 6: Key points for Q1 FY26
Key points for Q1 FY26 Solid operating performance For personal use only Avoca Tank mineralisation intersected 400m down plunge of the Group copper equivalent production of 10.3kt1 current Mineral Resource Cracow gold production in line with plan – 8.9koz at AISC of Costs well managed across the gro
Slide 7: Cash Flow
Cash Flow Strong operating cash flows supporting investment For personal use only Sep Quarter Group Cash Flow (A$M) OCF = Operating cash flow 7
Slide 8: NSW: Tritton
For personal use only NSW Tritton
Slide 9: Tritton
Q1 FY26 results Production Summary Unit Jun 25 Qtr Sep 25 Qtr FY26 Guidance Production consistent with previous quarter Ore Mined kt 455.8 284.7 Mined Grade % Cu 1.49 1.98 Ore Milled kt 382.1 358.3 For personal use only Milled Grade % Cu 1.70 1.80 Recovery % Cu 95.6 95.0 Production of 6.1kt Cu at AI
Slide 10: Murrawombie Pit waste stripping
Murrawombie Pit waste stripping For personal use only Mined Ore1 UG Open Pit Mill Capacity 1. Chart is provided to provide a visual representation of the proportion of ore mined from open pit and underground sources and should not be considered guidance 10
Slide 11: Constellation
Constellation Project technical work progressing: For personal use only Open cut and underground mine design Preparation for maiden open cut Ore Reserve Metallurgical testwork on sulphide and oxide ore Finalisation of infrastructure designs Permitting and environmental approvals 11
Slide 12: Exploration
Exploration Sulphide mineralisation intersected 250 – 400m below the base of the Avoca Tank Mineral Resource1 For personal use only 1. Refer to September 2025 Quarterly Activities Report 12
Slide 13: Queensland: Cracow
For personal use only Queensland Cracow
Slide 14: Q1 FY26 results
Q1 FY26 results Jun 25 Sep 25 FY26 Production Summary Unit Quarter production and costs on track Qtr Qtr Guidance Ore Mined kt 133.8 142.3 For personal use only Mined Grade g/t 2.68 2.16 Gold production of 8.9koz at AISC of A$3,692/oz as planned Ore Milled kt 159.6 154.3 despite some operational cha
Slide 15: Cracow exploration
Cracow exploration Focus on Golden Plateau For personal use only Developed grade model1 of the mineralisation at Golden Plateau Mineralisation extends approximately 150m below the base of the current pit 7,000m drill program planned to commence in Nov 2025 Airborne magnetic and radiometric survey co
Slide 16: Projects
For personal use only Projects
Slide 17: Q1 FY26 activities
Q1 FY26 activities Project updates For personal use only Jaguar – on care and maintenance, incurred costs of $2.1 million Defining drill targets for Jaguar exploration program to commence later this year Stockman – test work and assessment of processing options completed, reviewing next steps to pro
Slide 18: Corporate
Corporate For personal use only Jun 25 Sep 25 (A$ Million) Closing cash and receivables of $46.4 million with cash of $32.0 million QTR QTR Closing Cash 28.2 32.0 Receivables Restricted cash related to environmental bonds unchanged at ~$17 Cracow - - million Tritton 21.3 14.4 Useable Cash and Receiv
Slide 19: Appendix
For personal use only Appendix
Slide 20: 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 - - - For personal use only 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 21: 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 For personal use only Inferred 7.5 1.8 - 0.3 4 131 - 73 840 To
Slide 22: FY26 Guidance
FY26 Guidance For personal use only 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