Aeris Resources Ltd (ARSRF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay. Good afternoon, everyone. And thanks for joining quarter one, FY26 results from Ares Resources. Just a normal disclaimer. I guess once again, we had a good last quarter in FY25. And once again, quite a solid performance from the team on quarter one for FY26. This is just a standard, just talking a little about what we're doing going forward. Obviously, Triton this year is looking really strong, and we'll talk a little bit more in detail, but looking at around 25,000 tons, between 24,000 and 29,000 tons of copper from Triton. And again, we sometimes forget that Triton also do around 8,000 to 10,000 ounces of gold and around 250,000 ounces of silver. And, you know, that is quite a large, a big number in terms of credits on those two commodities, especially at these sort of prices. At Graco, we're forecasting in the guidance around 36 to 42,000 ounces, around that 40,000 ounces for FY26. And both these operations is delivered accordingly to those. And we'll touch on the projects as we move forward. I just thought it's appropriate to just re-emphasize this strategy. And clearly, when we go through the quarter results, we are basically doing exactly what we set ourselves out to do. So at Tritton, the pre-strip of the Marwambi pit is important and on track. We've invested around $25 million this quarter in that pre-strip. And we'll get into a bit more detail. Consolation approvals is underway and the timing for consolation starts. towards the first quarter in FY27 is looking strong. And, you know, it's the first time in a long time that we're putting around $20 million in exploration across the business. And it's really that focus on resource extensions and life of mine updates and increase in the life of mine. So both of Triton and Krakow is focusing on those. Golde...