Aeris Resources Limited · ASX:AIS
Aeris Resources — Q3 2025 Earnings Presentation
27 slides from Aeris Resources's earnings presentation, Apr 27, 2025
Slide 1: Q3 FY25 Results
rsonal use only Q3 FY25 Results 28 April 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 rsonal use only and Ore Reserve Statement as at 31 December 2023 which was announced on 17 June 2024 (2024 MROR Group State
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer rsonal use only 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
Slide 5: Key points for Q3 FY25
Key points for Q3 FY25 Improved group level production and strong operating cash flow rsonal use only Tritton delivered improved production of 4.3kt Cu at AISC of Improved group copper equivalent production of 10.7kt1 A$6.16/lb Cu Final stockpiles at Mt Colin processed, producing 2.6kt Cu. Final Cos
Slide 6: Cash Flow
Cash Flow Strong operating cash flows funding investment into assets March QTR Group Cash Flow (A$M) rsonal use only 6 17 35 (32) (2) (10) 26 (14) 22 (4) 1. OCF = Operating cash flow 6
Slide 7: YTD Cash Flow
YTD Cash Flow A$ million rsonal use only 16 59 60 (74) (7) (23) (19) 25 22 (14) 1. OCF = Operating cash flow 7
Slide 8: Tritton
rsonal use only NSW Tritton
Slide 9: Tritton Q3 results
Q3 results Tritton production improved; no change to annual guidance rsonal use only Production Sep 24 Dec 24 Mar 25 FY25 FY25 Unit Improved production of 4.3kt Cu at AISC of A$6.16/lb Summary Qtr Qtr Qtr YTD Guidance Copper Produced kt 5.0 3.9 4.3 13.2 21 - 25 Mining improvement project delivering
Slide 10: Murrawombie Pit
Murrawombie Pit Murrawombie Pit operations Progressive mine rehabilitation of old heap leach pads underway using clean waste rock from Murrawombie Pit rsonal use only 10
Slide 11: Constellation Updated Mineral Resource Estimate
Constellation Updated Mineral Resource Estimate Long section looking west showing the March 2025 Mineral Resource and open pit shell rsonal use only Updated Mineral Resource Estimate 7.6Mt of 2.01% copper and 0.66g/t gold containing 153kt copper and 161koz gold1 Represents a 24% increase in containe
Slide 12: Constellation development pathway
Constellation development pathway Potential long life mine from three stages rsonal use only 1. Oxide for heap leach • 1.5Mt @ 0.6% Cu with high-grade zones (1-2% Cu) March 2025 Constellation Mineral Resource • Starting 5m below surface Cu Au Ag Mining Cu Mineralisation Resource Tonnes Cu Au Ag Cut-
Slide 13: Cracow
Cracow rsonal use only Queensland
Slide 14: Cracow Q3 results
Q3 results Operation generating strong cash flow at current gold price rsonal use only Production Sep 24 Dec 24 Mar 25 FY25 FY25 Gold production slightly lower than plan producing 9.0koz Unit Summary Qtr Qtr Qtr YTD Guidance at increased AISC of $3,473/oz Gold Produced koz 12.9 12.2 9.0 34.1 40 - 49
Slide 15: Mt Colin
Mt Colin rsonal use only North Queensland
Slide 16: Mt Colin Q3 results
Q3 results Final processing completed, Mt Colin now on care and maintenance rsonal use only Production Sep 24 Dec 24 Mar 25 FY25 FY25 Final stockpiled material processing was completed and Mt Colin Unit Summary Qtr Qtr Qtr YTD Guidance operations moved into care and maintenance Copper Produced kt 1.
Slide 17: Jaguar
Jaguar rsonal use only Western Australia
Slide 18: Jaguar Q3 activities
Q3 activities Advancing restart studies to feasibility level rsonal use only Operation on care and maintenance with costs of $2.9M for the quarter Feasibility study continuing Focus on technical review of ventilation and ground control requirements Infrastructure review of power supply and distribut
Slide 19: Stockman Project
Stockman Project rsonal use only Victoria
Slide 20: Stockman Q3 activities
Q3 activities Albion process feasibility study progressing rsonal use only Albion leach metallurgical test work underway, due for completion in Q4 Further investigation of off-mine site locations for the downstream ore processing facility with access to power, water and rail infrastructure Reviewing
Slide 21: Corporate
Corporate rsonal use only Closing cash and receivables of $33.6 million with cash of $22.4 million Sep Dec Mar (A$ Million) 2024 2024 2025 QTR QTR QTR $10M cash backed against ANZ guarantee facility during the quarter Closing cash 25.5 26.4 22.4 Receivables Total restricted cash $28.9 million at end
Slide 22: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer rsonal use only 2 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. Co
Slide 23: Appendix
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Slide 24: FY25 guidance
FY25 guidance FY25 FY24 FY25 FY24 Group Tritton Guidance Actual Guidance Actual rsonal use only 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
Slide 25: FY25 guidance
FY25 guidance FY25 FY24 FY25 FY24 Cracow North Queensland Guidance Actual Guidance Actual rsonal use only 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
Slide 26: 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 rsonal use only 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 22,50
Slide 27: Group Ore Reserves
Group Ore Reserves PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL rsonal use only 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