Slide 1: September Quarter Activities Report Presentation
September Quarter Activities Report Presentation 28 October 2021 Presented by Andre Labuschagne
Slide 2: Important notice and disclaimer
Aeris – Q1 FY2022 Activities Report Presentation Important notice and disclaimer This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (Aeris) with respect to the anticipated future undertakings. These forward- looking statements reflect
Slide 3: FY21 Highlights: Transformational year
Aeris – Q1 FY2022 Activities Report Presentation FY21 Highlights Transformational year 3
Slide 4: Highlights of Q1, FY2022
Aeris – Q1 FY2022 Activities Report Presentation Highlights of Q1, FY2022 Cracow Tritton Corporate 14,691oz @ AISC of $1,951/oz 4,534t Cu @ AISC of A$4.73/lb Closing cash and receivables $75m Monthly milling throughput record $50m being spent in FY22 to develop three PAG repaid in July,
Slide 5: ESG
We are Aeris y = sek ae S P ; = Aeris Resources
Slide 6: ESG
Aeris – Q1 FY2022 Activities Report Presentation ESG Safety • Slight improvement in LTIFR in 12 months • Zero LTI recorded at Tritton: • 1 LTI recorded at Cracow: ― Minor burns received, operator returned to work Environment • No environmental incidents Covid-19 • Measures to manage remain in place
Slide 7: Our Sustainability Approach
Aeris – Q1 FY2022 Activities Report Presentation Our Sustainability Approach Aeris seeks to operate in a sustainable manner that creates value now and into the future. The way we conduct our business and the decisions we make every day contribute towards achieving sustainable outcomes. We believe th
Slide 8: Highlights: Tritton and Cracow production summary
Aeris – Q1 FY2022 Activities Report Presentation Highlights TRITTON PRODUCTION SUMMARY UNIT DEC 2020 MAR 2021 JUN 2021 SEP 2021 Tritton: QTR QTR QTR QTR • Production lower than planned due to reduced tonnes and grade ORE MILLED TONNES 370,897 382,054 393,511 369,000 from Tritton and COVID-19 restric
Slide 9: Tritton Copper Operations
Aeris Resources Tritton Copper Operations 9
Slide 10: Known deposits – conceptual development plans
Aeris – Q1 FY2022 Activities Report Presentation Known deposits – conceptual development plans Mine / Deposit FY 2022 2023 2024 2025 2026+ Tritton U/G Murrawombie U/G Drill Tritton - Budgerygar Avoca Tank Develop Murrawombie O/P Constellation Produce Kurrajong Budgery Tritton - South Wing 1) Develop
Slide 11: Tritton Copper Operations - Avoca Tank Mine Development
Aeris – Q1 FY2022 Activities Report Presentation Tritton Copper Operations - Avoca Tank Mine Development • Development contract for decline access awarded • Work commenced • First ore targeted Q4, FY23 11
Slide 12: Tritton Copper Operations – Constellation Deposit
Aeris – Q1 FY2022 Activities Report Presentation Tritton Copper Operations – Constellation Deposit Spectacular results • 45km North-East from Tritton – within trucking distance of Tritton mill • 60 diamond holes drilled to date – majority intersecting copper sulphide mineralisation(6) • High grade r
Slide 13: Constellation Deposit – RC drilling
Aeris – Q1 FY2022 Activities Report Presentation Tritton Copper Operations Constellation Deposit – RC drilling • Assays received from 103 Reverse Circulation (RC) holes • Assay results returned for a further 11 diamond drill holes, all of which returned high grade copper intersections including: • T
Slide 14: Tritton Copper Operations – Budgerygar Deposit
Aeris – Q1 FY2022 Activities Report Presentation Tritton Copper Operations – Budgerygar Deposit • Two underground drill rigs undertaking resource definition drilling and three surface geotechnical holes • By quarter end a total of 33 resource definition drill holes have been completed – 40m x 40m dr
Slide 15: Tritton Copper Operations – Murrawombie Deposit
Aeris – Q1 FY2022 Activities Report Presentation Tritton Copper Operations – Murrawombie Deposit • Underground diamond drill program underway to test hanging wall lodes – 40m x 40m drill spacing, appropriate for conversion to Indicated Mineral Resource • Assay results received during quarter include
Slide 16: Cracow Gold Operations
Aeris Resources Cracow Gold Operations 16
Slide 17: Cracow Gold Operations - Accelerating Exploration
Aeris – Q1 FY2022 Activities Report Presentation Cracow Gold Operations - Accelerating Exploration Near Mine New Spaces Resource updates Push mill to 650kt p.a. Prioritising targets Roses Pride +260%(11) Focus on increasing UG mine life Drilling underway at Ballymore and Klondyke Royal +
Slide 18: Exploration of brownfield target areas
Aeris – Q1 FY2022 Activities Report Presentation Cracow Gold Operations Exploration of brownfield target areas SOVEREIGN Drill target – tested / testing Drill target – not tested. First pass testing BALLYMORE TIP scheduled FY22 CROWN DEEPS 18
Slide 19: Cracow Gold Operations – Roses Pride RC drilling
Aeris – Q1 FY2022 Activities Report Presentation Cracow Gold Operations – Roses Pride RC drilling • An infill resource definition RC drill program commenced at the Roses Pride deposit in the previous quarter. The program continued in the current quarter with the completion of a further 21 drill hole
Slide 20: Exploring in new spaces – looking for the next big discovery
Aeris – Q1 FY2022 Activities Report Presentation Cracow Gold Operations Exploring in new spaces – looking for the next big discovery Prospectivity review completed. Revision of priority targets. ● Cracow South-West Identified as a potential analogue of the Western field mineralised system (~2Moz)(
Slide 21: Corporate
Aeris Resources Corporate 21
Slide 22: Corporate – Debt free after more than 9 years
Aeris – Q1 FY2022 Activities Report Presentation Corporate – Debt free after more than 9 years (A$ Million) June Sept Unit Dec Mar Jun 2021 2021 2022 2022 2022 Qtr Qtr Qtr Qtr Qtr Useable cash 97.4 72.0 Copper Hedging: Tritton – copper concentrate receivables 8.5 3.0 Zero premium options: Tonnes 1,6
Slide 23: M&A remains a focus
Aeris – Q1 FY2022 Activities Report Presentation M&A remains a focus Aeris Resources M&A strategy Commodities Gold and Copper ● Pursue strategic M&A Location Australia opportunities that add value, Offshore – Risk reward complement existing portfolio and transform Aeris into a mid- Project sta
Slide 24: Summary
Aeris Resources Summary 24
Slide 25: Summary
Aeris – Q1 FY2022 Activities Report Presentation Summary FY21 FY22 Transformational year Tritton guidance 21-22kt Cu @ AISC between $4.10/lb and 4.45/lb Operations deliver against expectation Transformation from survival to growth Significant exploration success Accelerating exploration –
Slide 26: Thank you
Aeris Resources Thank you 26