Aeris Resources (AIS) investor relations material

Executive summary

• Cash and receivables rose to $149.8 million at March 2026, up from $106.4 million in December 2025, driven by strong operational cash flow, higher commodity prices, and disciplined cost management.

• Group copper equivalent production for Q3 was 10.4kt at an AISC of A$4.86/lb, with Tritton and Cracow operations performing near guidance.

• Acquisition of Peel Mining’s South Cobar Copper Project announced, expected to extend Tritton’s mine life and create a long-life copper hub in the Cobar region.

• All development projects progressing well, with significant focus and investment in exploration and resource extension.

• Strategic growth initiatives include the ongoing Peel transaction and divestment of non-core North Queensland assets.

Financial highlights

• Cash flow from operations increased 72% quarter-on-quarter to $75.8 million.

• Closing cash and receivables at $149.8 million, with restricted cash of $17.7 million for environmental bonds.

• Group AISC for copper equivalent at A$4.86/lb for Q3; Tritton AISC at A$4.53/lb and Cracow AISC at A$3,442/oz.

• Proceeds from North Queensland asset divestment contributed up to $15.5 million, including $5 million cash and $6.5 million in released bonds.

• Operating costs for mine operations were A$84.0 million in Q3, with sustaining capital at A$17.7 million and growth/project capital at A$21.6 million.

Outlook and guidance

• FY26 group copper equivalent production guidance maintained at 40–49kt, with Tritton copper at 24–29kt and Cracow gold at 36–46koz.

• FY26 AISC guidance is A$4.57/lb Cu eq.

• Constellation Project on track for Q1 FY27 operations, with early works and capital brought forward to Q4 FY26.

• Integrated life of mine plan for Tritton, including Mallee Bull, targeting +10 year mine life to be released within 6 months.

• Targeting group production of 55,000–60,000 copper equivalent tonnes within three years post-Peel transaction.