FY25 GUIDANCE
Released
Released
Announcement PDF
30 July 2024
ASX/MEDIA RELEASE
FY25 GUIDANCE
Group copper equivalent production of 40 – 48kt
Tritton copper production of 21 – 25kt
Increased growth capital invested at Tritton
Cracow gold production of 40 – 49koz
Established Australian copper-gold producer and explorer, Aeris Resources Limited
(ASX: AIS) (Aeris or the Company) is pleased to provide production and cost
guidance for FY25.
Group
FY25 Guidance
FY24 Actual
Production
Copper
Gold
Silver
Copper equivalent1
kt
koz
koz
kt
27 – 32
50 - 62
200 - 240
40 - 48
27.2
55.3
240.4
42.0
Operating Costs
Mining
Processing
Site G&A
TC/RCs
Product handling
Care and maintenance2
$M
$M
$M
$M
$M
$M
172 - 210
69 - 85
35 - 42
17 - 21
19 - 23
3-5
204.6
91.1
44.6
25.4
22.4
n/a
Capital Costs
Sustaining
Growth
Exploration
Projects
$M
$M
$M
$M
64 - 79
38 - 49
5-8
1-2
74.7
21.5
8.8
2.5
1 At average pricing of US$9,620/t Cu, US$2,341/oz Au and $29.43/oz Ag
2 Includes Jaguar and Mt Colin post completion of mining
Aeris Resources Limited ABN 30 147 131 977
Level 6, 120 Edward Street, Brisbane QLD 4000 Australia
E: info@aerisresources.com.au T: +61 7 3034 6200
aerisresources.com.au
ABN 30 147 131 977
ABN 30 147 131 | Page1 977
Group copper equivalent production is forecast to be 40 – 48kt, in line with FY24
production of 42kt.
Group operating costs are forecast to be lower than FY24 levels with the completion
of mining at North Queensland. Group growth capital will be higher than the
previous year due to increased investment at Tritton.
Tritton
A simplified plan for Tritton focused on mining higher grades from Avoca Tank and
Budegrygar will result in improved mining rates and ore grades. Copper production
is forecast to increase to 21 – 25kt from 19.7kt in FY24. Operating costs are forecast
to be in line with FY24 levels. FY25 will see increased growth capital invested,
particularly the Murrawombie pit cutback.
Tritton
FY25 Guidance
FY24 Actual
Production
Copper
Gold
Silver
kt
koz
koz
21 - 25
7-9
200 - 240
19.7
4.9
156
Operating Costs
Mining
Processing
Site G&A
TC/RCs
Product handling
$M
$M
$M
$M
$M
105 - 128
29 - 36
21 - 25
13 - 16
14 - 17
104.9
30.7
19.9
18.3
14.8
Capital Costs
Sustaining
Growth
Exploration
$M
$M
$M
51 - 63
37 - 45
1 -2
57.2
5.4
1.8
Cracow
Cracow production and operating costs for FY25 are expected to be broadly similar
to FY24. Growth capital will be materially lower to the previous year, in which the
tailings dam upgrade project was undertaken.
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Cracow
FY25 Guidance
FY24 Actual
Production
Gold
koz
40 - 49
45.7
Operating Costs
Mining
Processing
Site G&A
$M
$M
$M
57 - 70
24 - 30
11 - 13
51.3
25.6
11.7
Capital Costs
Sustaining
Growth
Exploration
$M
$M
$M
13 - 16
0-1
3-4
14.8
16.0
4.9
Mt Colin
Guidance for the Mt Colin mine in North Queensland assumes mining and
processing through to Q2 FY25, at which point the operation will transition to care
and maintenance.
North Queensland
FY25 Guidance
FY24 Actual
Production
Copper
Gold
kt
koz
6 -7
3-4
6.8
4.3
Operating Costs
Mining
Processing
Site G&A
TC/RCs
Product handling
$M
$M
$M
$M
$M
10 - 12
16 - 19
3-4
4-5
5-6
36.7
25.2
5.5
5.0
5.5
Capital Costs
Sustaining
Growth
Exploration
$M
$M
$M
0-0
1-3
0-1
-0.1
0.0
0.9
This announcement is authorised for lodgement by:
Andre Labuschagne
Executive Chairman
ENDS
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For further information, please contact:
Andre Labuschagne
Executive Chairman
Tel: +61 7 3034 6200
Stefan Edelman
General Manager – Corporate Development
investorrelations@aerisresources.com.au
or visit our website at www.aerisresources.com.au
About Aeris
Aeris Resources is a mid-tier base and precious metals producer. Its copper dominant portfolio
comprises three operating assets, a mine on care and maintenance, a long-life development project
and a highly prospective exploration portfolio.
Aeris has a strong pipeline of organic growth projects, an aggressive exploration program and
continues to investigate strategic merger and acquisition opportunities. The Company’s experienced
board and management team bring significant corporate and technical expertise to a lean
operating model. Aeris is committed to building strong partnerships with its key community,
investment and workforce stakeholders.
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