Aeris Resources (1ZN) Update / Briefing Transcript

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.