Aeris Resources Limited (ARSRF) Discusses Equity Raise, Balance Sheet Strength, and Growth Strategy Including New Project Developments Prepared Remarks Transcript

Core Viewpoint - Aeris Resources has successfully raised $80 million, becoming debt-free and strengthening its financial position with $62 million in cash on hand. Group 1: Operational Overview - The company operates two mines: the Tritton copper mine in New South Wales, targeting approximately 24,000 tonnes of copper metal for FY '26, and the Cracow Gold Mine in Queensland, producing around 40,000 ounces of gold [2]. - The Jaguar mine is currently in care and maintenance, while the Stockman project in Victoria is also part of the company's development pipeline [3]. Group 2: Financial Position - The recent equity raise allowed the company to repay a $40 million facility, resulting in a debt-free status [3]. - The closing cash balance as of the first quarter is reported to be $62 million [3]. Group 3: Shareholder Dynamics - Washington Soul Pattison's stake has been diluted to 26% as part of the equity raise process [4].