COMPLETION OF NORTH QUEENSLAND DIVESTMENT

• Aeris divests its North Queensland copper assets to Dingo Minerals
• Receives $5 million cash consideration with further $6.5 million released from environmental bonds
• Additional $3 million deferred payment due within 3 months of Dingo Minerals achieving commercial production

Aeris Resources Limited (ASX: AIS) has announced the completion of the transaction to divest its North Queensland copper assets to Dingo Minerals Pty Ltd. The divestment was originally announced on 27 October 2025. Aeris has received the $5 million cash consideration payable under the asset sale agreement, and a further ~$6.5 million has also been released from cash-backed environmental bonds. Additionally, a final deferred cash payment of $3 million is payable to Aeris within three months of Dingo Minerals achieving commercial production. This divestment is part of Aeris' strategy to focus on its core copper and gold producing assets and development projects. The company remains committed to building strong partnerships with its key stakeholders, including the community, investors, and its workforce, as it continues to execute its growth plans.