Summary of Aeris Resources (1ZN) Conference Call - July 24, 2025 Company Overview - **Company**: Aeris Resources - **Market Capitalization**: Approximately $200 million [3] - **Current Debt**: Around $40 million [4] Key Operations and Projects - **Operating Mines**: - Chrytham Copper Mine - Krakow Gold Mine - **Projects in Development**: - Stockman Copper Zinc Project (feasibility study ongoing) - Jaguar Copper Zinc Mine (currently in care and maintenance) [2][3][9] Production and Financial Guidance - **Triton Mine**: Expected production increase of 37% to approximately 25,000 tons of copper [5] - **Krakow Mine**: Anticipated production of 40,000 to 45,000 ounces of gold annually [7] - **Overall Production Guidance**: - Copper equivalent tons between 40,000 and 49,000 [14] - Gold production between 44,000 and 56,000 ounces [15] - **Exploration Budget**: Doubling year-on-year to support resource extensions [7][13] Strategic Focus - **Operational Delivery**: Emphasis on improving production and resource backing for at least five years [6][20] - **Simplification of Business**: Decision to divest North Queensland assets to release cash and reduce debt [8][29] - **Cost Management**: Reducing care and maintenance costs for Jaguar Mine from $2 million to $600,000 quarterly [10] Future Growth and Exploration - **Consolation Deposit**: Key focus for future production, aiming for open pit mining and then underground [6] - **Stockman Project**: Potential for sulfuric acid production due to high pyrite content; seeking financial partners for further development [12][28] - **Krakow Exploration**: Identifying new opportunities in the Southern Rainfield and Golden Plateau areas [23][24] Market Position and Opportunities - **Competitive Landscape**: Positioned as one of the larger producers in the region with significant upside potential [15][29] - **Financial Health**: Starting FY '26 with healthy cash and receivables close to $50 million [16] Conclusion - **Outlook**: Strong confidence in operational improvements and resource conversions, with significant upside potential for Aeris Resources moving forward [29]

Aeris Resources (1ZN) Update Summary Company Overview - **Company**: Aeris Resources (1ZN) - **Focus**: Mining operations, specifically copper, gold, and silver production - **Key Assets**: Triton, Krakow, Turton, Jack, Stockman Industry Insights - **Mining Industry**: Focus on resource extension and exploration, with a significant emphasis on operational delivery and cost management Key Financial Highlights - **Production**: - Copper: Nearly 25,000 tonnes produced, slightly below guidance [2] - Gold: 55,000 ounces produced, a strong result [2] - Silver: 125,000 ounces produced [2] - **Market Capitalization**: Approximately $190 million [5] - **Liquidity Position**: $59 million at the end of FY '25 [5] - **Cash and Receivables**: $49.5 million [6] Operational Performance - **Triton**: - Produced 6,200 tonnes of copper at $422 per tonne [4] - Anticipated production increase to 24,000 - 29,000 tonnes in FY '26, a 37% uplift from FY '25 [18][21] - **Krakow**: - Consistent performance with 11,000 ounces of gold produced [4] - Focus on resource extensions and exploration [9][10] - **Turton**: - Achieved 11,000 tonnes of copper production in Q4 FY '25 [2] - Plans for increased drilling from 25,000 meters to over 80,000 meters [23] Strategic Focus Areas - **Resource Extensions**: - Doubling exploration budget year-on-year [9] - Specific focus on greenfield exploration and resource extensions at Krakow and other assets [9][15] - **Asset Sales**: - Ongoing process to sell North Queensland assets, expected to complete in 2-3 months [11][26] - **Jack Mine**: - Care and maintenance costs reduced to $600,000 per quarter; exploration for base metal targets planned [12][13] - **Stockman**: - Feasibility study nearing completion, exploring potential for sulfuric acid production [14] Future Guidance - **FY '26 Production Guidance**: - Copper equivalent production expected to be between 40,000 - 49,000 tonnes [29] - Growth capital expenditure of $50 million for Moraput cutback [20] - **Exploration Budget**: - Increased to $18 - 23 million, focusing on resource extensions and new discoveries [30] Potential Risks and Considerations - **Operational Risks**: - Need for successful execution of exploration and resource extension plans to ensure long-term viability [15] - **Market Conditions**: - Gold price currently at $5,250 per ounce; potential hedging strategies being considered [16] Additional Insights - **Golden Plateau Opportunity**: - Potential for significant resource increase through cutback mining strategy [49][50] - **Collaboration Opportunities**: - Seeking partners for Stockman with both financial and technical expertise [63][64] Conclusion - **Overall Outlook**: Aeris Resources is positioned for growth in FY '26 with a strong focus on operational efficiency, resource extension, and strategic asset management. The company is actively pursuing exploration opportunities while managing costs effectively to enhance shareholder value.

Group 1 - The company emphasizes resource expansion as a long-term development strategy, with significant investments in geological research and exploration activities, resulting in new tin resources of 17,600 tons and copper resources of 34,800 tons discovered in 2024 [2] - The company holds tungsten oxide resources of 77,800 tons and has received a quota of 688 tons for tungsten mining in 2025, which will be organized according to provincial regulations [3] - Global tin supply remains tight due to slow recovery in Southeast Asian tin-producing countries and temporary shutdowns in African countries, leading to a decline in domestic refined tin production and inventory [4] Group 2 - The company is implementing cost control measures through lean management and optimizing the entire production process to enhance operational efficiency amid low smelting processing fees [5] - The company is progressing with its share repurchase plan, which was approved by the board and will be submitted for shareholder approval [6] - The company has established a value management system to enhance performance and shareholder returns through increased cash dividends and share buybacks [7] Group 3 - In Q1 2025, the company reported a main revenue of 9.729 billion yuan, a year-on-year increase of 15.82%, and a net profit attributable to shareholders of 499 million yuan, up 53.09% [8] - The company has seen a net outflow of 323 million yuan in financing over the past three months, with a decrease in financing balance, while the short-selling balance has increased [9]