Aeris Resources (AIS) Diggers & Dealers Mining Forum 2026 summary

Market and operational highlights

• Copper prices reached record highs, creating favorable conditions for investment and growth.

• Two operating mines: Tritton (copper, gold, silver) and Cracow (gold), with significant production levels.

• Major exploration spend (AUD 25–30 million) led to resource and reserve growth, especially at Tritton.

• Divestment of non-core assets and successful M&A, including acquisition of Peel Mining.

• Strong financial position: cash increased from AUD 20 million to AUD 165 million, zero debt, and EBITDA of AUD 285 million.

Strategic mine development and expansion

• Tritton's reserves increased fourfold to 10 million tonnes, with a resource of 33 million tonnes.

• Constellation open pit mine to begin production this week, with a 12-year mine plan and significant ramp-up expected.

• Mallee Bull acquisition adds 2.7 million tonnes to reserves, with potential for a 10+ year mine life.

• Infrastructure investment of AUD 106 million over two years to support long-term production.

• Ongoing drilling at Avoca Tank and Budgerygar has doubled resource size and extended mine life.

Exploration and future growth opportunities

• Cracow mine's Golden Plateau target could extend mine life by 5–10 years, with high-grade drilling results.

• New exploration in Cracow's Southern Vein field aims to replicate Western Vein field success.

• Stockman project (copper, zinc, gold, silver) has 17 million tonnes in resource and feasibility study due soon.

• Jaguar mine remains in care and maintenance while exploring for larger base metal and gold deposits.

• Gold exploration to begin on Jaguar's greenstone belt, offering additional upside.