Aeris Resources Ltd (ARSRF) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, I think let's start. Good morning everyone and welcome to the Aeris Resources Quarterly Presentation. I will take you through the presentation. At the end of the presentation there will be time for Q and A and if you put up your hand, I will unmute you and you can ask your question. We also have a Q and A where you can type in questions and we will try to answer those at the end of the presentation. I guess to kick off, again a strong quarter, the balance sheet are getting stronger every quarter and really this is sort of setting Aeris up for a very good FY '27. But quarter on quarter for the last three quarters, the business has improved quarter on quarter and we're very pleased when you see the numbers that the balance sheet keeps on looking a lot better. Just sort of stepping through the presentation, we're still forecasting to achieve that 40,000 to 49,000 ton copper equivalent as per the guidance. The development projects, they're all progressing well. You'll see when we talk through it. At Jaguar, we started the exploration drilling for the base metals in the last few weeks and stock and feasibility studies getting closer to being able to release. On the exploration side, as we said before, we're putting a lot of effort and money into exploration this financial year. We're targeting around that $30,000,000 spent this financial year on exploration and clearly the focus is on extensions of those resources. The growth as everyone probably on this call know, the Peel transaction is ongoing and we'll touch on Peel a little bit in the presentation in the back end. We put this strategy up in the beginning of the financial year and really we're getting to a point where we can tick most if not all of those boxes. At Triton, as we said, it's all about the Marra Pit...