Aeris Resources (1ZN) 2025 Earnings Call Presentation

Financial Performance and Guidance - Aeris Resources targets FY26 copper equivalent production of 40-49kt[20, 85], compared to 421kt in FY25[91] - The company anticipates mine operating costs between $302-369 million in FY26[26], while in FY25 the costs were $3449 million[91] - Sustaining capital is projected at $57-70 million for FY26[26], compared to $694 million in FY25[91] - Growth capital expenditure is estimated at $65-80 million for FY26[27], significantly higher than the $351 million spent in FY25[91] - Exploration expenses are budgeted at $18-23 million for FY26[27], a substantial increase from the $98 million in FY25[91] Operational Strategy - Aeris Resources plans to sell non-core assets, including North Queensland assets, and is considering others[23] - The company aims to repay debt by August 2026 through asset sales and potentially hedging strategies[23] - A key focus is on extending mine lives through greenfield exploration[23] Tritton Operations - Tritton is a cornerstone asset with approximately 450kt of copper produced since 2005 and over 300kt still in Resource[30] - FY26 copper production guidance for Tritton is 24-29kt, a 37% increase compared to FY25[30, 35] - Murrawombie Pit ore is expected to provide approximately 50% of the FY26 mill feed[37] Cracow Operations - Cracow's FY26 gold production guidance is 36-46koz, a 9% decrease compared to FY25[54, 58]