Slide 1: Q2 FY24 Results
Q2 FY24 Results 30 January 2024 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: Highlights for Q2 FY24
Highlights for Q2 FY24 Copper equivalent production of 9.7kt for the quarter at AISC of Mt Colin mine production in line with plan although third-party ore A$5.40/lb processing behind schedule leading to lower metal produced – cash flow impacts mitigated by part payment for stockpiles Tritton metal
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer Mt Colin Mine (100%) Mine Type U/G Cu, Au FY24 Production Guidance 8kt - 10kt Cu Cracow Operations (100%) Barbara Project (100%) – Development Mine Type U/G Au FY24 Production Guidance 38koz - 48koz Au Mine Type U/G Cu, Au Resour
Slide 5: Tritton
Tritton NSW
Slide 6: Q2 results
Q2 results Performance impacted by labour and equipment Sep 23 Dec 23 FY24 Total copper production of 4.8kt at AISC of A$5.37 Production Summary Unit Qtr Qtr Guidance Labour and equipment availability impacted production – Copper Produced kt 5.2 4.8 19 – 24 being addressed with recruitment activitie
Slide 7: Avoca Tank
Avoca Tank Updated Mineral Resource Estimate Updated MRE1 of 720kt at 3.4% Cu and 1.1g/t Au 35% increase in copper grade and 16% increase in contained copper metal Mineralised system remains open down-plunge with significant potential to increase resource with further drilling Complex resource shape
Slide 8: Cracow
Cracow Queensland
Slide 9: Q2 results
Q2 results Cracow production and costs to plan Sep 23 Dec 23 FY24 Gold production of 11.1koz at AISC of A$2,407/oz, in line Production Summary Unit Qtr Qtr Guidance with plan Gold Produced koz 12.7 11.1 38 - 48 Operating and capital costs on track Gold Sold koz 12.8 11.4 Cost Summary Tailings dam li
Slide 10: Near mine exploration
Near mine exploration Targeting high-grade resource additions in the current mining area Exploring 5 priority targets in the Western Vein Field Drill results exceeded expectations from early-stage exploration Significant results1 include: • 0.8m at 4.12g/t Au (Killarney Deeps) • 1.7m at 2.75g/t Au (
Slide 11: Mt Colin
Mt Colin North Queensland
Slide 12: Q2 results
Q2 results Mining performing well and working capital managed through part payment on stockpiles Copper production of 1.6kt at AISC of A$5.38/lb Sep 23 Dec 23 FY24 Production Summary Unit Qtr Qtr Guidance Mining operations ahead of plan due to strong Copper Produced kt 2.4 1.6 8 - 10 performance fro
Slide 13: Jaguar
Jaguar Western Australia
Slide 14: Q2 results
Q2 results Jaguar now focused on restart studies Sep 23 Dec 23 FY24 Production Summary Unit Qtr Qtr Guidance Zinc Produced kt 3.1 - 1.2 - 1.5 Copper Produced kt 0.6 - 0.2 - 0.3 Gold Produced koz 0.4 - 0.2 - 0.3 Operation now on care and maintenance Silver Produced koz 84 - 33 - 42 Cost Summary Pre-f
Slide 15: Stockman Project
Stockman Project Victoria a oa
Slide 16: Q2 Activities
Q2 Activities Updates released on Mineral Resource and feasibility study Updated Mineral Resource estimates1 for Currawong and Wilga deposits increased contained copper by 6% Mine plan involving 12 years of ore production solely from Currawong at 850ktpa rate2 Complex metallurgy, however, impacts me
Slide 17: Corporate
Corporate Closing cash and receivables increased to $44.7 million with cash of $22.7 million Sep Dec (A$ Million) 2023 2023 Completed $30 million equity raise to provide general working capital Qtr Qtr Trade payables and other creditors balance reduced by $33.5 million Closing cash 21.9 22.7 since 3
Slide 18: Focus - next 6 months
Focus - next 6 months Tritton improving production due to Avoca tank and Buderygar Complete mining at Mt Colin – Barbara study underway ramp up Drilling to continue at Constellation – feasibility study update Q1 Stockman test work for alternate flowsheet and feasibility update FY25 second half 2024
Slide 19: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer 3 producing operations + 1 care & maintenance 1 long life development project Highly prospective for further discoveries FY24 production of 40 - 50kt Cu eq1 Substantial copper metal inventory Excellent platform for growth 1. Base
Slide 20: Thank You
Thank You