Slide 1: Q2 FY25 Results
Q2 FY25 Results 3 February 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 and Ore Reserve Statement as at 31 December 2023 which was announced on 17 June 2024 (2024 MROR Group Statement) and prior
Slide 4: Key points for Q2 FY25
Key points for Q2 FY25 Solid production and improved costs at the group level Lower production of 3.9kt Cu from Tritton impacted by operational Consistent group copper equivalent production of 10.2kt1 challenges that have now been addressed, with the operation still forecast to meet annual guidance
Slide 5: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer Mt Colin Mine (100%) Mine Type U/G Cu, Au FY25 Guidance 6 - 7kt Cu Cracow Operations (100%) Barbara Project (100%) – Development Mine Type U/G Au FY25 Guidance 40 - 49koz Au Mine Type U/G Cu, Au Resource1 45kt Cu North Queensland
Slide 6: Tritton
Tritton NSW
Slide 7: Q2 results
Q2 results Tritton production temporarily impacted but still on track for annual guidance Production Sep 24 Dec 24 FY25 FY25 Copper production of 3.9kt at AISC of $6.75/lb, impacted by Unit Summary Qtr Qtr YTD Guidance operational issues Copper Produced kt 5.0 3.9 8.8 21 - 25 Labour availability, de
Slide 8: Constellation
Constellation 70-hole resource definition drill program complete Drill results correlating well with modelled copper lodes within both the main zone and stand-up zone Assays received for a further 23 holes during the quarter including: TAKD133 3.40m @ 15.20% Cu, 3.83g/t Au, 45.5g/t Ag1 TAKD126 7.65m
Slide 9: Cracow
Cracow Queensland
Slide 10: Q2 results
Q2 results Another strong quarter Production Sep 24 Dec 24 FY25 FY25 Strong gold production ahead of plan continues with Unit Summary Qtr Qtr YTD Guidance 12.2koz produced at AISC of $2,488/oz Gold Produced koz 12.9 12.2 25.1 40 - 49 Cracow generating free cash flow significantly above Gold Sold koz
Slide 11: Mt Colin
Mt Colin North Queensland
Slide 12: Q2 results
Q2 results Greatly improved performance from Mt Colin Production Sep 24 Dec 24 FY25 FY25 Unit Summary Qtr Qtr YTD Guidance Mining at Mt Colin was completed in November 2024 Copper Produced kt 1.0 1.9 2.9 6-7 Gold Produced koz 0.8 1.8 2.5 3-4 Processing results for the quarter improved significantly
Slide 13: Jaguar
Jaguar Western Australia
Slide 14: Q2 activities
Q2 activities Advancing restart studies to full feasibility Operation on care and maintenance with costs of $2.3M for the quarter Restart plan presented to board – delivers attractive potential economics Restart based on known resources at Bentley1 with development out to the high-grade Turbo lens S
Slide 15: Stockman Project
Stockman Project Victoria
Slide 16: Q2 activities
Q2 activities Feasibility study progressing Detailed metallurgical flotation test work underway Will inform plant design parameters and Albion product qualities Engineering design for integrating the modified flotation plant at the mine site and downstream Albion processing plant awarded Currawong m
Slide 17: Corporate
Corporate Closing cash and receivables of $33.0 million with cash of $26.4 million Sep Dec (A$ Million) 2024 2024 QTR QTR Cash balance excludes additional $15 million restricted cash applied to environmental bonding Closing cash 25.5 26.4 Receivables Cash flow from operations increased to $33.2 mill
Slide 18: Focus for next quarter
Focus for next quarter Improved production from Tritton Processing of final stockpiles at Mt Colin Commencement of Murrawombie pit cut back Review of divestment options for North Queensland Constellation Mineral Resource update Advancing Jaguar feasibility level study Maintaining strong cash flow ge
Slide 19: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer 3 producing operations 3 development / re-start projects Highly prospective for further discoveries FY25 production guidance of 40-48kt Cu eq1 Substantial copper metal inventory Excellent platform for growth 1. Copper Equivalent
Slide 20: Appendix
= 7a Neris Appendix
Slide 21: FY25 guidance
FY25 guidance FY25 FY24 FY25 FY24 Group Tritton Guidance Actual Guidance Actual Production Production Copper kt 21 - 25 19.7 Copper kt 27 – 32 27.2 Gold koz 7-9 4.9 Gold koz 50 - 62 55.3 Silver koz 200 - 240 156 Silver koz 200 - 240 240.4 Copper equivalent1 kt 40 - 48 42.0 Operating Costs Mining $M
Slide 22: FY25 guidance
FY25 guidance FY25 FY24 FY25 FY24 Cracow North Queensland Guidance Actual Guidance Actual Production Production Gold koz 40 - 49 45.7 Copper kt 6 -7 6.8 Gold koz 3-4 4.3 Operating Costs Mining $M 57 - 70 51.3 Operating Costs Processing $M 24 - 30 25.6 Mining $M 10 - 12 36.7 Site G&A $M 11 - 13 11.7
Slide 23: Group Mineral Resources
Group Mineral Resources PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL Base Metals % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Measured 1,300 1.0 - 0.1 3 13 - 4 120 Indicated 11,200 1.4 - 0.3 4 145 - 91 1,280 Inferred 10,000 1.7 - 0.3 4 183 - 137 1,440 Total 22,500 1.5 - 0.3 4 34
Slide 24: Group Ore Reserves
Group Ore Reserves PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL Base Metals % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Proved 5 1.8 - - - 0.1 - - - Probable 2,790 1.5 - 0.3 5 41 - 23 451 Total 2,790 1.5 - 0.3 5 41 - 23 451 Jaguar Proved 90 1.4 8.7 0.8 74 1 8 2 225 Probable 1,0