Aeris Resources (AIS) Noosa Mining Conference 2026 summary

Financial Position and Growth Strategy

• Debt reduced from AUD 40 million to zero, with a strong balance sheet including $202.3 million in cash and receivables, positioning for future growth and expansion.

• Achieved FY26 group guidance with 42.1kt copper equivalent production and market capitalisation at $539 million as of July 2026.

• Significant reserve increase at Tritton copper mine to over 10 million tons containing 180kt copper, up from 2.4 million tons last year.

• Acquisition of Peel Mining and Mallee Bull asset added 2.7 million tons to reserves and 7 million tons to resources, with Mallee Bull maiden reserve of 2.7Mt at 2.4% Cu and production targeted for FY30.

• Exploration investment of AUD 25–30 million annually continues to drive resource and reserve growth, underpinning a robust growth outlook.

Project Development and Operational Updates

• Constellation mine received mining lease and will commence production within weeks, with a 12-year mine plan and open pit mining starting in FY27, transitioning to underground in FY29, supported by $106M in infrastructure capital.

• Mallee Bull mine approval process underway, expected to be in production within 2.5–3 years, with production targeted for FY30.

• Avoca Tank and Budgerygar deposits extended through drilling, supporting mill throughput and production targets, with underground mining continuing at Tritton and Budgerygar.

• Cracow gold mine remains stable, producing 40,000–40,600 ounces annually, with new exploration at Golden Plateau aiming to extend mine life and a resource update expected in H1 FY27.

• Stockman project in Victoria nearing feasibility study completion, with approvals, a 15.8Mt resource, and an update due H1 FY27.

Exploration and Future Opportunities

• Ongoing drilling at Cracow's Golden Plateau could add 200,000–300,000 ounces, extending mine life to over five years, with the drill program 75% complete.

• Greenfields exploration targets set at Cracow's Southern Vein Field and Western Frontier, with drilling access negotiations and plans for FY27.

• Jaguar mine in care and maintenance, with 6.6Mt at 1.4% Cu and 6.3% Zn, and renewed exploration for base metals and gold across eight targets to be evaluated in FY27.

• Gold exploration at Jaguar leverages proximity to major gold assets and existing infrastructure.

• Ongoing portfolio simplification and capital management initiatives to optimise value and maintain a strong balance sheet.