Announcement PDF 7 August 2024 ASX/MEDIA RELEASE CORRECTION TO ASX ANNOUNCEMENT DATED 5 AUGUST 2024 – “AERIS RESOURCES - DIGGERS AND DEALERS PRESENTATION” Aeris Resources Limited (ASX:AIS) would like to provide a corrected version of the presentation released to the ASX on 5 August 2024. A number of changes have been affected summarized as follows:  Slide 3 and 21 – Addition of Footnote on calculation of Cu equivalent – to ensure compliant with Clause 50 or JORC 2012  Slide 5,7,8,10,18 and 19 – Included references to a newly added appendix referencing the Group Ore Reserves and Group Mineral Resources as published on ASX on 17 June 2024 to provide clarity on the MRE Category tonnes and grades and where not addressed in the tables it was separately disclosed  Slide 9 (to be retracted and replaced) – this slide included the mill feed and strip ratio anticipated at Murrawombie Pit, based on studies commissioned by the Company by reputable third parties but which have not previously been announced to the market in accordance with JORC Code 2012. The Company would like to retract slide 9 of the Presentation on the basis that it does not comply with the JORC Code 2012. Accordingly, slide 9 the Presentation should be disregarded, and investors are advised not to rely on the information contained in the retracted statements for their investment decisions. A replacement and corrected slide 9 is set out in the updated Presentation attached to this announcement.  Slide 13 and 14 – Added references to the disclosed exploration result and no new information statement  Slide 20 - Added references to the disclosed exploration result and no new information statement The updated version of the presentation is attached to this announcement. Yours sincerely Dane van Heerden Company Secretary Aeris Resources Limited ABN 30 147 131 977 Level 6, 120 Edward Street, Brisbane QLD 4000 Australia Post: GPO Box 2460, Brisbane, QLD 4001 E: info@aerisresources.com.au T: +61 7 3034 6200 aerisresources.com.au ABN 30 147 131 | Page1 977 Diggers and Dealers Presentation August 2024 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. No reliance should be placed on the information or opinions contained in this presentation, which are provided as at the date of this presentation (unless otherwise stated) and to the maximum extent permitted by law, Aeris has no obligation to update the information contained in this presentation. An investment in securities is subject to known and unknown risks, some of which are beyond the control of Aeris. Investors should consult with their own legal, tax, business and/or financial advisors in connection with any acquisition of securities. FINANCIAL INFORMATION All financial information set out in this presentation is expressed in Australian Dollars unless stated otherwise. Investors should be aware that certain financial measures included in this presentation are “non-IFRS financial information” under ASIC Regulatory Guide 230: “Disclosing nonIFRS financial information” published by ASIC and also “Non-GAAP financial measures” within the meaning of Regulation G under the US Securities Exchange Act of 1934 and are not recognised under the AAS or IFRS. Aeris believes the non-IFRS financial information and non-GAAP financial measures provide useful information to users in measuring the financial performance and condition of Aeris. However, investors should note that the non-IFRS financial information and non-GAAP financial measures do not have standardised meanings prescribed by AAS or IFRS. Therefore, the non-IFRS financial information is not a measure of financial performance, liquidity or value under the IFRS and may not be comparable to similarly titled measures presented by other entities, nor should the information be construed as an alternative to other financial measures determined in accordance with AAS or IFRS. Investors are cautioned, therefore, not to place undue reliance on any non-IFRS financial information included in this presentation. FUTURE PERFORMANCE AND FORWARD-LOOKING STATEMENTS This presentation contains certain ‘forward-looking’ statements, opinions and estimates, which are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks and uncertainties beyond the control of Aeris and its officers. This includes statements about market and industry trends, which are based on interpretations of current market conditions. Indications of, and guidance on, future earnings and financial position and performance are forward-looking statements. As are statements containing the words “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “predict”, “plan” and other similar expressions. Forward-looking statements are based on information available to Aeris as at the date of this presentation and should not be relied upon as an indication or guarantee of future performance. Except as required by law or regulation (including the ASX Listing Rules), none of Aeris, its representatives or advisers undertakes any obligation to provide any additional or updated information whether as a result of a change in expectations or assumptions, new information, future events or results or otherwise. Investors are strongly cautioned against placing undue reliance on forward-looking statements, especially considering the current economic climate and significant volatility, uncertainty and disruption caused by recent world events such as the COVID-19 pandemic and international hostilities and associated economic changes. DISCLAIMER To the maximum extent permitted by law, Aeris and each of its respective related bodies corporate, shareholders and affiliates, and each of their respective officers, directors, partners, employees, representatives, affiliates, agents, consultants and advisers (each a “Limited Party”): • expressly disclaim any and all responsibility and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any direct, indirect, consequential or contingent loss or damage arising from this presentation or reliance on anything contained in or omitted from it or otherwise arising in connection with this presentation; • disclaim any obligations or undertaking to release any updates or revisions to the information in this presentation and; • do not make any representation or warranty, express or implied, as to the accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this presentation or that this presentation contains all material information about Aeris or the Transaction or that a prospective investor or purchaser may require in evaluating a possible investment in Aeris or acquisition of shares in Aeris, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement. 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 2 securities laws of any state or other jurisdiction of the United States. Aeris Resources Australian mid-tier, base and precious metals producer Weighted to copper FY25 production guidance 29 Cu 3 producing operations (40-48kt copper eq.)1 79 Au Copper Gold 27-32 kt 50-62koz 47 Ag Silver 200-240koz 3 development projects All sites prospective for further discoveries Substantial copper metal inventory Excellent platform for growth 1. Copper Equivalent (CuEq) values – Requirements under the JORC Code • Assumed commodity prices for the calculation of Copper Equivalent (CuEq) is US$9,620/t Cu, US$2,341/oz Au and US$29.43/oz Ag • Formula: CuEq = ((Cu Produced x Cu $/t) + (Au Produced x Au $/oz) + (Ag Produced x Ag $/oz)) / (Cu $/t) • Aeris Resources 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. 3 Corporate overview Board of Directors AIS SHARE PRICE 0.50 0.40 0.30 Andre Labuschagne 0.20 Executive Chairman 0.10 Colin Moorhead Non-Executive Director Michele Muscillo Robert Millner Non-Executive Director Non-Executive Director Ian Sheppard Larnie Roberts Senior Executives 0.00 CAPITALISATION Market capitalisation1 A$203 million Cash2 A$25 million Debt2 A$40 million Enterprise value A$218 million Dane van Heerden Acting CFO Paul Harris COO CTO GM HR BROKER COVERAGE MAJOR SHAREHOLDERS 1. 2. As at 22 July 2024 As at 30 June 2024 Washington H. Soul Pattinson 31.40% Tudor Court 8.47% 4 Mining Portfolio: large Mineral Resource inventory Production Assets Asset Tritton Cracow Development Projects North Queensland Jaguar Stockman ~820,000t copper metal, ~1,000,000t zinc metal, ~1,400,000oz gold 1 Ownership 100% 100% 100% 100% 100% Primary commodity Copper / Gold Gold Copper / Gold Copper / Zinc Copper / Zinc Mineral Resource1 342kt Cu @1.5% Cu 232koz Au @ 0.3g/t Au 519koz Au @ 3.4g/t Au 65kt Cu @ 2.1% Cu 21koz Au @ 0.2g/t Au 100kt Cu @ 1.3% Cu 442kt Zn @ 5.6% Zn 315kt Cu @ 2.0% Cu 623kt Zn @ 4.0% Zn Plant capacity 1.80 Mtpa 0.57 Mtpa N/A 0.60 Mtpa 0.80 – 1.00 Mtpa design FY25 production guidance Copper: 21 - 25kt Gold: 7 - 9koz Silver: 200 - 240koz Gold: 40 – 49koz Copper: 6 – 7kt Gold: 3 – 4koz - - Tritton, Budgerygar, Avoca Tank, Constellation Western Vein Field, Golden Plateau Mt Colin, Barbara Bentley, Triumph, Jaguar, Teutonic Bore Currawong, Wilga Constellation resource extension drilling and permitting Resource extension drilling at Western Vein Field and Golden Plateau Barbara Feasibility study Dewatering, exploration drilling, re-start optimisation studies Feasibility study, final permitting and license approvals Key deposits Next 12 months focus / catalysts 1. Refer to Appendix for categories of each Mineral Resource. 5 Production assets Tritton New South Wales Tritton Our cornerstone asset 100% owned, high-grade underground copper mines located in central NSW 430kt copper produced since operations began in 2005 2,330km prospective tenement package Mineral Resource1 of 22.5Mt at 1.5% Cu, 0.3g/t Au Ore Reserve2,3 of 2.8Mt at 1.5% Cu, 0.3g/t Au FY25 guidance of 21 – 25kt copper Improving production with ramp up of higher grade Avoca tank and Buderygar deposits 1. 2. 3. Refer to Appendix for categories of the Mineral Resource; see also ASX announcements "Group Mineral Resource and Ore Reserve Statement" dated 17 June 2024. Refer to Appendix for categories of the Ore Reserve; see also ASX announcements "Group Mineral Resource and Ore Reserve Statement" dated 17 June 2024. The Mineral Resource is inclusive of the Ore Reserve. Aeris confirms that it is not aware of any new information or data that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the production target in the relevant announcement continue to apply and have not materially changed. 7 Tritton A long life copper operation now producing from multiple deposits Production Tritton • Mature mine at depth • Targeting high-grade extensions Murrawombie • Production declining • EM plates identified 250m below current MRE Development Ready Study Phase Exploration Murrawombie Pit • Cut back of old pit Constellation • Potential future baseload mill feed Kurrajong • High grade deposit • Fully permitted for development • Facilitates rehab of old leach pads • 6.7Mt @ 1.9% Cu resource2 • Mining studies underway • Maiden MRE in 2023 • Still open at depth • Remains open at depth Budgery • Potential future open pit • Target for further exploration Avoca Tank • High-grade mine • Exploration upside Budgerygar • Near surface, adjacent to Tritton • Reserve grading 1.6% Cu1 1. 2. Reserve grading is represented by Ore Reserve 0.5Mt (Probable) at 1.6% Cu and 0.2g/t Au. See also ASX release “Group Mineral Resource and Ore Reserve Statement” 17 June 2024 Mineral Resource of 6.7Mt represents Indicated 2.3Mt at 1.1% Cu and 0.4g/t Au and Inferred 4.4Mt at 2.3% Cu and 0.7g/t Au. See also ASX release “Group Mineral Resource and Ore Reserve Statement” 17 June 2024 Aeris confirms that it is not aware of any new information or data that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the production target in the relevant announcement continue to apply and have not materially changed. 8 Murrawombie Pit Cut back on old pit also provides major rehab saving Stripping expected to commence in Q2 FY25 with contract miner First ore to mill mid FY25 Ore Reserve of 1.3Mt ore @ 1.3%Cu, 0.2g/t Au1 Waste from cut back used to cap old heap leach pads, saving c.$8M rehabilitation costs 1. Ore Reserve 1.3Mt (Probable) at 1.3% Cu and 0.2g/t Au. See also ASX release “Group Mineral Resource and Ore Reserve Statement” 17 June 2024 Aeris confirms that it is not aware of any new information or data that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the production target in the relevant announcement continue to apply and have not materially changed. 9 Constellation deposit Potential future baseload feed for Tritton mill Located 45km northeast of the Tritton plant Mineral Resource1 of 6.7Mt at 1.9% Cu and 0.6g/t Au Drill program commenced in May with two key objectives: 1. Target conversion of 2Mt – 3Mt of Inferred Mineral Resource to an Indicated category within the upper 250m of the deposit 2. Test the stand-up-zone mineralisation along the northern margin Updated Mineral Resource Q3 FY25 Mining study on underground, open pit and heap leach to be completed following resource update Advancing EIS and permitting activities for a future mining operation 1. Mineral Resource of 6.7Mt represents Indicated 2.3Mt at 1.1% Cu and 0.4g/t Au and Inferred 4.4Mt at 2.3% Cu and 0.7g/t Au. See also ASX release “Group Mineral Resource and Ore Reserve Statement” 17 June 2024 Aeris confirms that it is not aware of any new information or data that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the production target in the relevant announcement continue to apply and have not materially changed. 10 Cracow Queensland Cracow Mature, high-grade gold mine Low-sulphidation epithermal underground gold mine located 500km northwest of Brisbane Conventional crush and grind CIP processing plant Produced +1.5Moz gold since first production in 2004 FY25 guidance 40 – 49koz Au Strong history of reserve replacement in the Western Vein Field with current exploration on multiple high-grade targets Production and Resource Replacement Under Aeris Ownership 800 700 Tailings dam lift completed providing 3 year production runway koz Au 600 500 400 300 200 100 0 FY21 Annual Production FY22 FY23 Cum. Production FY24 Resource 12 Near mine exploration Defining new mineralised structures Two new near-mine structures discovered (Apollo / Coronation West) Apollo traced 180m (strike) x 60m (down-plunge) – awaiting assays from latest drilling Coronation West drill program underway targeting high grade gold zones similar to the nearby Stirling deposit Golden Plateau resource update expected in Q1 FY25 Western Frontier represents a potential new structural corridor based on interpretation of geophysical datasets 1. Refer to ASX announcement “Quarterly Activities Report – June 2024” dated 30 July 2024. Aeris confirms that it is not aware of any new information or data that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the exploration results in the relevant announcement continue to apply and have not materially changed.” 13 Southern Vein Field 1 Could be the game-changer for Cracow Approx. 2.5Moz gold produced to date from the WVF and 850koz gold from Golden Plateau Structures with the potential to host WVF style ore shoots interpreted under cover in the Southern Vein Field Southern Vein Field has had very limited exploration to date Preparing foundation geophysical data sets to identify drill targets Future drill program to target for high-grade ore shoots analogous to key WVF shoots 14 North Queensland Queensland Mt Colin Harvesting cash to fund group capital developments Mine in final stages of life FY25 guidance of 6 – 7kt Cu Production to continue through to Q2 FY25 Significant stockpiles of mined ore available for toll processing 16 Development projects Barbara project Potential follow-on operation to Mt Colin Updated resource of 2.2Mt at 2.0% Cu and 0.2g/t Au1 completed Resource remains open down-plunge Feasibility studies underway on a potential underground operation Toll treatment options with regional mills Low capital development utilising infrastructure from Mt Colin Situated on a mining lease; EIS update submitted 1. Mineral Resource is represented by Indicated 2Mt at 2.0% Cu and 0.2g/t Au and Inferred 0.3Mt at 1.8% Cu and 0.1g/t Au. See also ASX release “Group Mineral Resource and Ore Reserve Statement” 17 June 2024 Aeris confirms that it is not aware of any new information or data that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the production target in the relevant announcement continue to apply and have not materially changed. 18 Jaguar Brownfield copper/zinc restart opportunity Mineral Resource1 8Mt @ 1.3% Cu, 5.6% Zn, 0.5g/t Au and 65g/t Ag across 4 deposits Transitioned to care and maintenance in Q1 FY24 Restart study update due Q1 FY25 Tenement package highly prospective for base metals and gold with numerous targets identified Currently exploring the Heather Bore gold prospect nearby Northern Star’s Thunderbox mine – awaiting assays on two diamond drill holes 1. Refer to Appendix for categories of Mineral Resource; see also ASX announcements “Group Mineral Resource and Ore Reserve Statement” dated 17 June 2024 Aeris confirms that it is not aware of any new information or data that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the production target in the relevant announcement continue to apply and have not materially changed. 19 Stockman Long life, Cu-Zn-Au-Ag project with all primary permits Feasibility Study well advanced 12 year mine plan producing at up to 850ktpa1 from a single deposit (Currawong) Potential to extend mine life with other known deposits Currawong mine plan Albion leaching technology being investigated to improve recoveries impacted by complex metallurgy – very positive initial results1 Potential to make a high-grade Cu concentrate on the mine site and a bulk polymetallic concentrate for leaching at an offsite location Metallurgical test work, engineering design for Albion Process underway with FS completion targeted in second half 2024 All key project consents in place for mining and onsite processing 1. Refer to ASX announcement “Stockman Feasibility Study Update” dated 24 January 2024. Aeris confirms that it is not aware of any new information or data that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the production target in the relevant announcement continue to apply and have not materially changed 20 Investment highlights Company set for growth Diversified production from 3 operations Significant internal growth opportunities to lift production and extend mine lives All sites located in tier 1 mining jurisdiction Leveraged to copper, critical to electrification FY25 production guidance of 40 – 48kt Cu eq1 1. Copper Equivalent (CuEq) values – Requirements under the JORC Code • Assumed commodity prices for the calculation of Copper Equivalent (CuEq) is US$9,620/t Cu, US$2,341/oz Au and US$29.43/oz Ag • Formula: CuEq = ((Cu Produced x Cu $/t) + (Au Produced x Au $/oz) + (Ag Produced x Ag $/oz)) / (Cu $/t) • Aeris Resources 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. 21 Appendix Group Ore Reserves PROJECT CATEGORY TONNES (‘000) Base Metals Tritton Jaguar North Queensland Stockman GRADE CONTAINED METAL % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag 5 1.8 - - - 0.1 - - - Probable 2,790 1.5 - 0.3 5 41 - 23 451 Total 2,790 1.5 - 0.3 5 41 - 23 451 Proved 90 1.4 8.7 0.8 74 1 8 2 225 Probable 1,060 1.4 8.3 0.6 45 16 87 21 1,534 Total 1,150 1.5 8.3 0.6 48 17 95 23 1,759 Proved 90 2.4 - 0.5 - 2 - 1 - Probable 80 2.1 - 0.4 - 2 - 1 - Total 170 2.3 - 0.4 - 2 - 2 - - - - - - - - - Proved Proved Probable 9,640 1.9 4.3 1.0 36 183 413 318 11,409 Total 9,640 1.9 4.3 1.0 36 183 413 318 11,409 13,750 1.8 3.7 0.8 30 245 508 367 13,619 Proved 100 - - 3.5 - - - 12 - Probable 250 - - 3.4 - - - 28 - Grand Total 360 - - 3.4 - - - 39 - Grand Total Gold Cracow As at December 2023. 23 Group Mineral Resources PROJECT CATEGORY TONNES (‘000) Base Metals Tritton Jaguar North Queensland CONTAINED METAL % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Measured 1,300 1.0 - 0.1 3 13 - 4 120 Indicated 11,200 1.4 - 0.3 4 145 - 91 1,280 Inferred 10,000 1.7 - 0.3 4 183 - 137 1,440 Total 22,500 1.5 - 0.3 4 342 - 232 2,840 Measured 500 1.6 5.0 0.3 63 8 25 4 1,030 Indicated 3,400 1.3 7.6 0.5 75 45 256 51 8,170 Inferred 4,000 1.2 4.0 0.5 56 47 161 68 7,270 Total 7,900 1.3 5.6 0.5 65 100 442 123 16,460 Measured 300 2.8 - 0.6 - 9 - 6 - Indicated 2,200 2.0 - 0.2 3 44 - 13 210 Inferred 600 2.0 - 0.1 2 11 - 2 30 3,100 2.1 - 0.2 2 65 - 21 240 Measured - - - - - - - - - Indicated 13,400 2.1 4.2 1.0 37 288 561 420 16,000 Inferred 2,400 1.1 2.6 1.5 32 27 62 117 2,440 Total 15,800 2.0 4.0 1.1 36 315 623 537 18,450 49,300 1.7 2.2 0.6 24 882 1,065 913 37,990 Measured 400 - - 3.9 3 - - 52 39 Indicated 2,100 - - 3.4 4 - - 259 249 Inferred 2,400 - - 2.9 4 - - 208 376 Grand Total 4,900 - - 3.4 4 - - 519 664 Total Stockman GRADE Grand Total GOLD Cracow As at December 2023 24