Aeris Resources Limited · ASX:AIS
Aeris Resources — Investor Presentation (August 2025)
27 slides from Aeris Resources's investor presentation, Aug 5, 2025
Slide 1: Diggers & Dealers Conference
Diggers & Dealers Conference 5th August 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 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 4: 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 5: 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 6: Tritton
Tritton New South Wales
Slide 7: 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 8: Operational performance
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 9: Murrawombie Pit
Murrawombie Pit Waste stripping in first half of year with ore delivery in second half Mined Ore1 Murrawombie Pit ore to provide approx. 50% FY26 mill feed Phase 1 ore now all mined and will be processed in Q1, with Phase 2 ore delivered in Q3 to enable mill to run at 2Mtpa rate, above nameplate Was
Slide 10: Constellation
Constellation Potential long life mine to commence in FY27 Constellation mining studies are reviewing a combination of open pit plus UG options for the high-grade Cu & Au deposit Updated Mineral Resource Estimate 7.6Mt of 2.01% copper and 0.66g/t gold containing 153kt copper and 161koz gold1 Studies
Slide 11: 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 12: Mine Life Growth
Mine Life Growth All current ore sources still open at depth 12
Slide 13: Cracow
Cracow Queensland
Slide 14: 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 15: Operational performance
Operational performance Cracow continuing to deliver 60 50 FY26 guidance of 36 - 46koz, down 9%1 on previous year 40 Au Produced (koz) Increased ore mining and plant throughput to offset lower grade ore Sustaining increased recovery of 1-2% following commissioning of 30 the secondary cyclone circuit
Slide 16: Exploration
Exploration Greenfield targets Targeting a +1Moz Western Vein Field analogue at the Southern Vein Field Airborne magnetic survey planned for Q1 to aid finalisation of drill targets under 500m cover Drilling planned for FY26 to test geology model and identify prospective structures (limited historica
Slide 17: 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 18: Jaguar
Jaguar Focus on new VMS targets to discover another ore source
Slide 19: 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 20: Jaguar
Jaguar Highly prospective for gold mineralisation +25Moz 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 prospects in
Slide 21: Unlock Stockman
Unlock Stockman Consider partnering to unlock long term value Large, high-grade polymetallic resource1 albeit with complex metallurgy Multiple processing routes available – studies expected to be finalised in Q2 FY26 Potential to create a long life, high value operation with the right technical solu
Slide 22: Simplify portfolio
Simplify portfolio Divesting North Queensland Simplifies portfolio to allow greater focus on Tritton and Cracow Attractive 952km2 tenement package including the development ready Barbara project Indicative non-binding offers received from a number of parties Ability to release $6.5M in restricted ca
Slide 23: 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 24: Appendix
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Slide 25: 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 26: 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 27: 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
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