Aeris Resources (1ZN) Conference Transcript

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]