Announcement PDF Q4 FY26 Quarterly Results 29 July 2026 Presented by: Andre Labuschagne DISCLAIMER This investor presentation has been prepared by Aeris Resources Limited (“Aeris” or the “Company”). By attending an investor presentation or briefing, or accepting, accessing or reviewing this presentation, you acknowledge and agree to the terms set out below. SUMMARY INFORMATION This presentation is for information purposes only and should be read in conjunction with the most recent financial reports and other documents lodged by Aeris with the Australian Securities Exchange (“ASX”) in connection with its continuous disclosure obligations. This presentation does not purport to contain all of the information that an investor should consider when making an investment decision nor does it contain all of the information which would be required in a product disclosure statement or prospectus prepared in accordance with the requirements of the Corporations Act. 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NO NEW INFORMATION STATEMENT This presentation refers to Exploration Results, estimates of Mineral Resources and Ore Reserves contained in the Group Mineral Resource and Ore Reserve Statement as at 31 December 2024 (announced on 22 July 2025 “Group Mineral Resource and Ore Reserve Statement”), as well as an Ore Reserve and Mineral Resource Estimate for Tritton (announced on 21 July 2026 “Major Increase in Tritton Mineral Resources and Ore Reserves”) and prior market announcements released by Aeris, (Prior Reports). The Prior Reports are footnote referenced in this presentation and available from: https://www.aerisresources.com.au/investor. Aeris confirms that it is not aware of any new information or data that materially affects the information included in the Prior Reports and, in the case of Exploration Results, estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the results or estimates in the Prior Reports continue to apply and have not materially changed. Aeris confirms that the form and context in which the Competent Person’s findings are presented in this document have not been materially modified from the Prior Reports. NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES This Presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. The securities referred to in this Presentation have not been, and will not be, registered under the US Securities Act of 1933 (the "US Securities Act") or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, to any person in the United States or to any person acting for the account or benefit of a person in the United States unless they have been registered under the US Securities Act (which Aeris has no obligation to do or to procure) or are offered or sold pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and any applicable securities laws of any state or other jurisdiction of the United States. AERIS RESOURCES Australian mid-tier, copper and gold producer 2 producing operations (FY26: 42.1kt copper eq.)1 Multiple development projects Investing in exploration Substantial copper production and metal inventory Excellent platform for growth 1. Cu Eq t = ((Cu Produced x Cu $/t) + (Au Produced x Au $/oz) + (Ag Produced x Ag $/oz)) / (Cu $/t) Refer to ASX release “FY26 Production Results”, 14 July 2026 for commodity price assumptions. Aeris confirms that it is the Company’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold. Delivered on Aeris’ FY26 Strategy 1. Refer to ASX release “Agreement to Divest North Queensland Copper Assets”, 27 October 2025. 5 Realise value for shareholders 01 Sell non-core assets 02  Divested North Queensland exploration assets for total consideration up to $15.5M(1)  Completion Q3 FY26 Operational Delivery Tritton  Murrawombie Pit  Constellation on time  Resource extension  LOM Cracow  Golden Plateau  Resource extension  LOM 05 Growth • Focus on life extensions through greenfield exploration  Consider external opportunities Balance Sheet 06  Repay debt  Assets sales  Consider hedging strategy Unlock Stockman 04 • Update feasibility study 03 Jaguar strategy  Explore to increase resource base  Reduce care and maintenance  Test base metals targets FY26 AT A GLANCE 42.1kt 23kt 49koz $285 million $202 million Group Cu Eq (within guidance) Copper Production (+19% YoY) Cash and receivables1 (+308% YoY) Gold Production Group guidance achieved and strong balance sheet 1. Unaudited and as a result could change upon outcome from the FY26 audit EBITDA1 (+78% YoY) Peel acquisition completed JUNE QUARTER CASH FLOW Cash flow from operations up 37% FY26 CASH FLOW TRITTON New South Wales TRITTON’S FUTURE SECURED Fourfold increase in Ore Reserves1 2.4 10 -0.1 -0.4 -0.4 +0.5 +1.5 +3.8 +2.7 +0.2 - 2 4 6 8 10 12 Tonnes (Mt) 1. As at 30 June 2026. See Appendix for Mineral Resource and Ore Reserve Tables. Refer to ASX release “Major Increase in Tritton Mineral Resources and Ore Reserves” dated 21 July 2026 Ore reserves grow to +10Mt containing 180kt Cu1 Total resources of 33Mt containing 540kt Cu1+70% Maiden underground reserve for Constellation of 3.8Mt (62kt Cu)1 Maiden reserve for Mallee Bull of 2.7Mt (66kt Cu)1 Exploration at Budgerygar and Avoca Tank resulted in material resource extensions (+32kt Cu)1 Aeris to release updated life of mine plan and production target in H1 FY27 TARGETING LONG LIFE TRITTON OPERATION 0 2 4 6 8 10 Constellation Mallee Bull Wirlong Budgerygar Tritton & SW Kurrajong Murrawombie Budgery Avoca Tank Resource (Mt) Reserve (Mt) 1. As at 30 June 2026. See Appendix for Mineral Resource and Ore Reserve Tables. Refer to ASX release “Major Increase in Tritton Mineral Resources and Ore Reserves” dated 21 July 2026 Significant resources not yet in reserve TRITTON Q4 RESULTS Strong finish to the year Copper production of 6.5kt, up 23% quarter on quarter, at AISC of $3.99/lb Mill operated at 1.8Mtpa throughput for Q4 FY26 production of 23.0kt Cu, under guidance but up 19% YoY Underground mines outperformed forecast, offsetting earlier delays at Murrawombie pit Operating costs within guidance; capital higher on accelerated spend at Constellation and additional capital allocation of waste at Murrawombie Successful exploration at Avoca Tank and Budgerygar leading to increased Mineral Resources released after quarter end1 Production Summary Unit Sep 25 Qtr Dec 25 Qtr Mar 26 Qtr Jun 26 Qtr FY26 FY26 Guidance Ore Mined kt 284.7 245.1 392.6 615.9 1,538.3 Mined Grade % Cu 1.98 2.16 1.49 1.46 1.68 Ore Milled kt 358.3 251.8 326.0 451.1 1,387.1 Milled Grade % Cu 1.80 2.08 1.74 1.61 1.77 Recovery % Cu 95.0 95.7 93.9 90.1 93.5 Copper Produced kt 6.1 5.0 5.3 6.5 23.0 24 – 29 Gold Produced koz 2.0 1.8 2.2 2.4 8.4 8 – 10 Silver Produced koz 72.2 36.6 55.5 64.7 228.9 215 – 263 Cost Summary Mining A$M 28.0 27.2 32.1 40.5 127.9 Processing A$M 8.6 8.6 8.8 9.6 35.6 Site G&A A$M 6.1 6.3 6.5 7.5 26.3 TC/RCs A$M 1.5 1.2 1.5 2.0 6.2 Product Handling A$M 5.3 3.5 6.3 7.5 22.6 Total mine operations A$M 49.5 46.8 55.3 67.1 218.7 207 – 253 By-Product Credit A$M (14.8) (13.2) (22.9) (20.9) (71.8) Royalties A$M 3.6 3.0 4.6 4.9 16.1 Corporate G&A A$M 0.5 0.5 0.5 0.5 2.2 Inventory Movements A$M 4.0 (6.8) 2.4 (7.2) (7.6) Sustaining Capital A$M 14.3 13.2 13.2 13.2 54.0 39 – 48 All-In Sustaining Costs A$M 57.3 43.6 53.1 57.6 211.6 A$/lb 4.24 3.94 4.53 3.99 4.17 Growth Capital A$M 25.6 23.3 20.9 23.0 92.9 58 – 71 Exploration A$M 1.8 0.7 1.8 2.8 7.1 10 – 12 All-In Costs A$M 84.7 67.6 75.9 83.4 311.6 A$/lb 6.27 6.12 6.48 5.78 6.15 1. Refer to ASX announcement “Major increase in Tritton Mineral Resources & Ore Reserves” dated 21st July 2026. AVOCA TANK Successful exploration increased mineralisation along strike and at depth 1. Refer to ASX release “Major Increase in Tritton Mineral Resources and Ore Reserves” dated 21 July 2026 BUDGERYGAR Resources and reserves increased with drilling1 1. As at 30 June 2026. See Appendix for Mineral Resource and Ore Reserve Tables. Refer to ASX release “Major Increase in Tritton Mineral Resources and Ore Reserves” dated 21 July 2026 CONSTELLATION UPDATE Mining Lease Granted 22 July 2026 Construction Underway Construction underway CRACOW Queensland CRACOW Q4 RESULTS Consistent production and costs Gold production 10.5koz in line with plan Q4 AISC of $3,812/oz, FY26 $3,549/oz FY26 guidance met on production and cost Exploration continued at Golden Plateau with high grade intersections reported Production Summary Unit Sep 25 Qtr Dec 25 Qtr Mar 26 Qtr Jun 26 Qtr FY26 FY26 Guidance Ore Mined kt 142.3 150.9 137.1 150.3 580.6 Mined Grade g/t 2.16 2.49 2.40 2.33 2.35 Ore Milled kt 154.3 157.3 155.3 167.1 634.0 Milled Grade g/t 1.98 2.43 2.23 2.20 2.21 Recovery % Au 90.4 90.5 90.6 88.9 90.1 Gold Produced koz 8.9 11.1 10.1 10.5 40.6 36 – 46 Gold Sold koz 8.8 11.0 10.1 10.8 40.7 Cost Summary Mining A$M 19.6 16.2 17.6 18.0 71.4 Processing A$M 7.2 7.1 7.7 7.8 29.7 Site G&A A$M 2.8 2.9 3.5 2.9 12.1 Total mine operations A$M 29.6 26.3 28.8 28.6 113.2 95 – 116 By-Product Credit A$M (0.5) (0.5) (0.7) (0.7) (2.4) Royalties A$M 2.6 3.7 3.6 3.8 13.7 Corporate G&A A$M 0.4 0.4 0.4 0.4 1.7 Inventory Movements A$M (1.9) 0.9 (1.8) 4.2 1.4 Sustaining Capital A$M 2.3 5.4 4.4 4.9 17.0 18 – 22 All-In Sustaining Costs A$M 32.5 36.1 34.7 41.2 144.5 A$/oz 3,692 3,278 3,442 3,812 3,549 Growth Capital A$M 5.5 2.1 0.6 0.1 8.3 6 – 8 Exploration A$M 1.0 0.7 3.4 2.6 7.8 5 – 7 All-In Costs A$M 39.0 38.9 38.8 43.9 160.6 A$/oz 4,437 3,528 3,841 4,064 3,944 GOLDEN PLATEAU Drilling increasing confidence in future mining opportunity 18 GPS160 14.2m @ 9.1g/t Au (Main lode)1 GPS148 2.5m @ 8.9g/t Au (Main lode)1 GPS168 6.7m @ 5.2g/t Au (Main lode)1 GPS171 32.2m @ 1.4g/t Au (Main lode)1 GPS171 2.1m @ 4.4g/t Au (North lode)1 GPS169A 18.5m @ 2.4g/t Au (East lode)1 Mineral Resource update expected H1 FY27 1. Refer to ASX announcement “Significant gold intersections continue at Golden Plateau” dated 9th June 2026. All intersections shown are estimate true thickness. PROJECTS GROUP PROJECTS Exploration at Jaguar 20 8 hole drill program completed at Jaguar targeting base metals Tested seven geology and gravity anomalies and one EM target Awaiting assays for drill results and downhole EM Stockman: Feasibility study to be released in H1 FY27 05 • Focus on life extensions via greenfield exploration DELIVERING ON AERIS’ STRATEGY IN FY27 REALISING VALUE FOR SHAREHOLDERS 01 02 Continually assess assets to ensure value is recognised OPERATIONAL DELIVERY • Murrawombie Pit complete in Q2 • Constellation in production by Q3 • R&R update incl Peel • LOM 5-10 years EXPLORATION / GROWTH • Drilling targeting < 50koz • Drilling at Golden Plateau BALANCE SHEET 06 Capital management and finance optimisation UNLOCK STOCKMAN 04 Feasibility study (Q2) to inform decision on way forward 03 • Low-cost care & maintenance • Finalise priority base metal targets PORTFOLIO SIMPLIFICATION JAGUAR STRATEGY • Golden Plateau mining study Q2 • Get ready to drill Southern Vein Field • Tailings dam lift on time • LOM • Proposed strategy shift to include gold 05 Cracow Tritton Jaguar Tritton Cracow AERIS RESOURCES Australian mid-tier, copper and gold producer 2 producing operations (FY26: 42.1kt copper eq.)1 Multiple development projects Investing in exploration Substantial copper production and metal inventory Excellent platform for growth 1. Cu Eq t = ((Cu Produced x Cu $/t) + (Au Produced x Au $/oz) + (Ag Produced x Ag $/oz)) / (Cu $/t) Refer to ASX release “FY26 Production Results”, 14 July 2026 for commodity price assumptions. Aeris confirms that it is the Company’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold. APPENDIX GROUP ORE RESERVES As at 30 June 2026. Refer to ASX announcement “Major Increase in Tritton Ore Reserves and Mineral Resources” dated 21 July 2026 Deposit Category Tonnes Grade Contained Metal (Mt) Cu Au Ag Cu Au Ag (%) (g/t) (g/t) (kt) (koz) (koz) Tritton Underground Proved - - - - - - - Probable 0.10 1.2 0.06 2 1.2 0.21 6.3 Total 0.10 1.2 0.06 2 1.2 0.21 6.3 Budgerygar Proved 0.45 1.4 0.10 3 6.1 1.4 50 Probable 0.47 1.4 0.12 5 6.8 1.7 72 Total 0.92 1.4 0.11 4 13 3.1 120 Murrawombie Open Pit (supergene / sulphide) Proved - - - - - - - Probable 0.82 1.3 0.26 4 10 6.7 110 Total 0.82 1.3 0.26 4 10 6.7 110 Avoca Tank Proved 0.061 1.7 0.50 7 1.0 1.0 13 Probable - - - - - - - Total 0.061 1.7 0.50 7 1.0 1.0 13 Constellation Open Pit (oxide) Proved - - - - - - - Probable 0.82 0.8 0.26 1 6.9 6.8 34 Total 0.82 0.8 0.26 1 6.9 6.8 34 Constellation Open Pit (supergene / sulphide) Proved - - - - - - - Probable 0.64 1.7 0.95 3 11 19 64 Total 0.64 1.7 0.95 3 11 19 64 Constellation Underground Proved - - - - - - - Probable 3.8 1.6 0.60 3 62 73 360 Total 3.8 1.6 0.60 3 62 73 360 Mallee Bull Underground Proved - - - - - - - Probable 2.7 2.4 0.18 29 66 15 2,500 Total 2.7 2.4 0.18 29 66 15 2,500 ROM Stockpiles Proved 0.24 0.9 - - 2.1 - - Probable 0.041 1.1 - - 0.43 - - Total 0.28 0.9 - - 2.5 - - Total Proved 0.75 1.2 0.10 3 9.2 2.4 63 Probable 9.4 1.8 0.41 11 170 120 3,200 Grand Total 10 1.7 0.38 10 180 130 3,200 GROUP ORE RESERVES As at December 2024. Refer to ASX announcement “Group Mineral Resource and Ore Reserve Statement” dated 22 July 2025 BASE METALS Category Tonnes (‘000) Grade Contained Metal Asset Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Stockman Proved - - - - - - - - - Probable 9,640 1.9 4.3 1.0 37 183 413 318 11,409 Total 9,640 1.9 4.3 1.0 37 183 413 318 11,409 GOLD Category Tonnes (‘000) Grade Contained Metal Asset Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Cracow Proved 145 - - 3.0 - - - 14 - Probable 360 - - 2.9 - - - 33 - Total Grand Total 505 - - 2.9 - - - 48 - GROUP MINERAL RESOURCES Deposit Category Grade Contained Metal (Mt) Cu Au Ag Cu Au Ag (%) (g/t) (g/t) (kt) (koz) (koz) Tritton Underground Measured 0.29 0.9 0.10 2 2.7 0.98 23 Indicated 0.24 1.0 0.10 3 2.5 0.77 21 Inferred 0.75 1.1 0.04 2 8.4 0.99 41 Total 1.3 1.1 0.07 2 14 2.7 85 Tritton Remnants Measured - - - - - - - Indicated 0.11 2.5 0.21 9 2.8 0.77 31 Inferred - - - - - - - Total 0.11 2.5 0.21 9 2.8 0.77 31 Tritton Underground Total 1.4 1.2 0.08 3 16 3.5 120 South Wing Measured - - - - - - - Indicated - - - - - - - Inferred 0.85 1.4 0.28 8 12 7.6 230 Total 0.85 1.4 0.28 8 12 7.6 230 Budgerygar Measured 1.0 1.4 0.15 4 15 5.0 150 Indicated 1.0 1.5 0.13 5 15 4.2 170 Inferred 1.2 1.2 0.06 2 15 2.4 78 Total 3.2 1.4 0.11 4 45 12 390 Murrawombie Open Pit (oxide) Measured - - - - - - - Indicated - - - - - - - Inferred - - - - - - - Total - - - - - - - Murrawombie Open Pit (supergene / sulphide) Measured - - - - - - - Indicated 0.63 1.1 0.21 3 7.2 4.4 71 Inferred 0.26 0.3 0.06 1 0.87 0.54 13 Total 0.90 0.9 0.17 3 8.1 4.9 83 Murrawombie Underground Measured - - - - - - - Indicated 0.94 1.2 0.26 4 11 7.9 120 Inferred 0.096 1.4 0.33 5 1.3 1.0 16 Total 1.0 1.2 0.27 4 13 8.9 130 Murrawombie Total 1.9 1.1 0.22 3 21 14 210 Avoca Tank Measured 0.19 2.8 0.88 14 5.4 5.4 89 Indicated - - - - - - - Inferred 1.2 2.2 0.49 8 28 19 320 Total 1.4 2.3 0.54 9 33 25 410 Deposit Category Grade Contained Metal (Mt) Cu Au Ag Cu Au Ag (%) (g/t) (g/t) (kt) (koz) (koz) Constellation Open Pit (oxide) Measured - - - - - - - Indicated 2.0 0.5 0.2 1 10 13 59 Inferred - - - - - - - Total 2.0 0.5 0.2 1 10 13 59 Constellation Open Pit (supergene / sulphide) Measured - - - - - - - Indicated 0.59 1.9 1.03 3 11 20 59 Inferred 0.48 3.4 0.39 2 16 6.0 37 Total 1.1 2.6 0.75 3 27 26 96 Constellation Underground Measured - - - - - - - Indicated 3.2 2.3 0.82 3 73 84 350 Inferred 2.1 2.2 0.67 2 47 45 120 Total 5.3 2.3 0.76 3 120 130 470 Constellation Total 8.4 1.9 0.62 2 160 170 630 Budgery Open Pit (oxide) Measured - - - - - - - Indicated 0.011 1.4 0.06 - 0.16 0.021 - Inferred - - - - - - - Total 0.011 1.4 0.06 - 0.16 0.021 - Budgery Open Pit (supergene / sulphide) Measured - - - - - - - Indicated 1.0 1.3 0.15 - 13 5.0 - Inferred 0.069 1.3 0.24 - 0.88 0.53 - Total 1.1 1.3 0.16 - 14 5.5 - Budgery Underground Measured - - - - - - - Indicated 0.46 0.9 0.12 - 4.3 1.8 - Inferred 0.13 0.9 0.01 - 1.2 0.043 - Total 0.59 0.9 0.10 - 5.5 1.8 - Budgery Total 1.7 1.2 0.14 - 20 7.4 - Kurrajong Measured - - - - - - - Indicated - - - - - - - Inferred 2.0 1.7 0.18 5 35 12 330 Total 2.0 1.7 0.18 5 35 12 330 Deposit Category Grade Contained Metal (Mt) Cu Au Ag Cu Au Ag (%) (g/t) (g/t) (kt) (koz) (koz) Mallee Bull Measured - - - - - - - Indicated 6.3 1.8 0.41 30 110 82 6,000 Inferred 0.76 1.9 0.11 21 14 2.7 510 Total 7.0 1.8 0.38 29 130 84 6,500 Wirlong Measured - - - - - - - Indicated 2.3 1.9 0.03 6 44 1.5 440 Inferred 2.0 1.5 0.02 5 30 1.9 320 Total 4.3 1.7 0.02 6 74 3.4 770 ROM Stockpiles Measured 0.28 0.9 - - 2.5 - - Indicated - - - - - - - Inferred - - - - - - - Total 0.28 0.9 - - 2.5 - - Total Measured 1.8 1.4 0.20 4 25 11 260 Indicated 19 1.6 0.37 12 310 230 7,300 Inferred 12 1.8 0.26 5 210 100 2,000 Grand Total 33 1.7 0.32 9 540 340 9,600 As at 30 June 2026. Refer to ASX announcement “Major Increase in Tritton Ore Reserves and Mineral Resources” dated 21 July 2026 GROUP MINERAL RESOURCES BASE METALS Category Tonnes (Mt) Grade Contained Metal Project Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Jaguar Measured 0.5 1.6 5.0 0.3 63 8 25 4 1,030 Indicated 4.2 1.4 6.4 0.4 67 59 268 53 8,950 Inferred 2.0 1.1 6.5 1.0 83 23 128 62 5,260 Total 6.6 1.4 6.3 0.6 71 90 422 119 15,240 Stockman Measured - - - - 0 - - - 0 Indicated 13.4 2.1 4.2 1.0 37 288 561 420 16,000 Inferred 2.4 1.1 2.6 1.5 32 27 62 117 2,440 Total 15.8 2.0 4.0 1.1 36 315 624 537 18,450 GOLD Category Tonnes (Mt) Grade Contained Metal Asset Au (g/t) Ag (g/t) Au (koz) Ag (koz) Cracow Measured 0.4 4.0 3 46 37 Indicated 1.9 3.6 4 224 229 Inferred 2.1 2.6 4 181 305 Total Grand Total 4.4 3.2 4 452 571 As at December 2024. Refer to ASX announcement “Group Mineral Resource and Ore Reserve Statement” dated 22 July 2025