• Received $80 million from equity placement
• Fully repaid and cancelled $50 million loan facility
• Improved financial position with $62.3 million cash and deleveraged balance sheet

Aeris Resources Limited (ASX: AIS) has announced that it has received the net proceeds from the $80 million placement announced on 31 October 2025. A portion of the proceeds has been applied to fully repay and cancel the $50 million (drawn to $40 million) loan facility with Washington H. Soul Pattinson (WHSP). The early repayment is expected to save an estimated $6 million in interest and associated fees. The Company is now in a significantly improved financial position, with pro-forma cash of $62.3 million and a materially deleveraged balance sheet following the debt repayment. Proceeds of $11.5 million expected in December from the sale of the North Queensland assets as announced on 27 October 2025 will further improve the cash position. Executive Chairman Andre Labuschagne stated that this is the best position Aeris has been in many years with a strong balance sheet, clear strategy for operational delivery and growth through exploration in FY26.

The Company is now in a significantly improved financial position, with pro-forma cash of $62.3 million and a materially deleveraged balance sheet following the debt repayment. This positions Aeris well for operational delivery and growth through exploration in the 2026 financial year.