• Group copper equivalent production of 10.3kt
• Costs well managed across the group
• Cash and receivables at end of quarter of $46.4 million

Aeris Resources Ltd, an Australian mid-tier base and precious metals producer, has reported its Q1 FY26 results. The company's group copper equivalent production was 10.3kt, with costs well managed across the group. Aeris ended the quarter with cash and receivables of $46.4 million. At the Tritton operation in New South Wales, the company produced 6.1kt of copper at an AISC of A$4.24/lb, consistent with the previous quarter. Significant growth capital of $25 million was invested in waste stripping at the Murrawombie Pit, with ore to be delivered over H2 FY26. Exploration activities at Tritton intersected Avoca Tank mineralisation 400m down plunge of the current Mineral Resource. At the Cracow operation in Queensland, gold production was 8.9koz at an AISC of A$3,692/oz, in line with plan. A review of remnant mineralisation in the Cracow Western Vein Field has brought an additional 20koz of gold into the mine plan, and the company has developed a grade model for the Golden Plateau deposit. On the project front, technical work is progressing at the Constellation project, while the company is defining drill targets for the Jaguar project and reviewing options to progress the Stockman project. Aeris is also advancing divestment options for its North Queensland assets.

Aeris expects copper production of 24-29kt, gold production of 8-10koz, and AISC of A$207-253/t of copper equivalent for FY26.

Aeris is focused on realising value for shareholders through the sale of non-core assets, operational delivery, unlocking the Stockman project, and pursuing growth opportunities through greenfield exploration and potential external acquisitions. The company also aims to repay debt by August 2026 and consider hedging strategies to manage its balance sheet.