Announcement PDF ANNUAL REPORT 2025 Focused. Forward. 2025 Operations Highlights Financial* Cash flow from operations $130.9 million Net profit after tax $45.2 million EBITDA $ 160.5 million** Operations Operating Assets 3 Development Projects 2 Production Gold production for group 55.2koz Copper production for group 24.9kt 75% 286% 109% * Percentages expressed as comparison to FY24 ** Refer to page 74 *** Refer to ASX announcement “Material Increase in Copper and Gold at Constellation”, 31 March 2025 Copper equivalent production 42.1kt Cracow milestones New target identified Golden Plateau Mill improvement project 1–2% gold recovery improvement Tritton milestones Project milestones Simplifying portfolio Focus on mine life growth Progressed feasibility at Stockman Continued exploration at Jaguar Murrawombie Open Pit: Commenced production (stage one) Increased Constellation Mineral Resource (since 2022)*** & +24% copper +29% gold We are Aeris Resources Aeris Resources is a mid-tier base and precious metals producer with a copper-dominant portfolio and a highly prospective exploration package. EXECUTIVE CHAIRMAN’S LETTER 2 REVIEW OF OPERATIONS 3 Tritton Operations 4 Cracow Operations 9 North Queensland Operations 12 Jaguar Project 13 Stockman Project 16 RESOURCES AND RESERVES 17 SUSTAINABILITY REPORT  25 DIRECTORS’ REPORT  65 Operating Review 69 Financial Review 73 Letter from the 81 Remuneration Committee Chairman FINANCIAL REVIEW 95 Shareholder Information 145 Glossary146 Corporate directory  147 EXECUTIVE CHAIRMAN’S LETTER EBITDA and profit after tax were materially higher year-on-year and we achieved group level copper equivalent guidance. We finished the year with a strong cash and receivables balance and refinanced facilities, setting us up well to continue this trajectory into FY26. Tritton produced 19.4kt of copper for the year, slightly lower than the previous year and unfortunately below guidance. However, our focus on operational improvements has resulted in improved productivity and we are set to carry these gains forward. We began mining at the Murrawombie Pit, adding open cut operations to our portfolio of underground mines and marking a significant milestone for Aeris. The investment in stage two of Murrawombie open pit has positioned Tritton well for the following years. We also delivered an updated Mineral Resource for the Constellation Project including potential for a significantly larger open pit and greater contained metal. Constellation has the potential to be a major ore source for Tritton in the future and feasibility studies and permitting activities are currently underway. Cracow again performed well, producing 45.1koz gold roughly in line with last year and meeting annual guidance. A plant improvement project undertaken during the year has delivered a sustained increase in gold recovery. Our focus at Cracow has been on mine life extension and the geology team has identified a number of highly prospective greenfield and brownfield exploration targets that will be actively explored in FY26. At our North Queensland operations, we successfully completed mining and ore processing and the site transitioned to care and maintenance. After thorough assessment of the Barbara Project’s development potential, we have made the strategic decision to preserve capital for our larger, existing operations. As a result, a process to divest the North Queensland assets is underway. Our technical and projects teams continued some great work on our Jaguar and Stockman projects. While the Jaguar restart studies were encouraging, we have aligned our efforts with Aeris’ strategic focus on long-life assets. As such, we have paused the Jaguar feasibility study while more exploration is undertaken to increase the resource base and assess the potential for a 10+ year mine life. At Stockman, the team has been investigating multiple processing options, with work to be completed in early FY26. We have established a group-wide sustainability department and made important progress on our sustainability activities. Starting rehabilitation works on the old Murrawombie heap leach pads was a highlight for the year. FY25 was a positive year. Our performance reflects disciplined execution from our teams and a clear focus on value creation, laying the groundwork for another year of progress and opportunity. Thank you to our employees, shareholders, the Board and all stakeholders for your continued support and commitment throughout the year. We enter FY26 with a clear strategy, a focussed team and several high-impact catalysts to continue to deliver meaningful value to our shareholders. Aeris delivered strong results for FY25, building on the positive momentum established in the previous year. Andre Labuschagne Executive Chairman 2 >> 2025 ANNUAL REPORT Review of Operations Aeris marked a major milestone beginning operations at its first open pit mine while advancing mine life extension projects - strategically positioning the company for long-term growth amid rising copper demand. Aeris Resources Focused. Forward >> 3 TRITTON OPERATIONS Operations Tritton produced 19.4kt copper and 6.1koz gold for the year, below the guidance range due to operational delays. Costs were well managed with both operating and capital costs within or lower than guidance. Underground operations at Tritton were predominantly at the Avoca Tank, Budgerygar and Tritton mines. Production from Budgerygar was impacted by delays to the new paste fill pump, limiting stope backfilling. During the year, underground mining at Murrawombie ceased and the cutback of the open pit commenced. Stage 1 stripping and ore mining was completed towards the end of the year, with approximately 77kt of mined ore stockpiled at the end of FY25 for processing in FY26. The availability of stockpiled ore enabled record mill feed rates to be achieved with the processing plant operating above its 1.8Mtpa nameplate capacity for the final weeks of the year. Tritton annual production Units FY25 FY24 FY23 Ore mined kt 1,187 1,195 1,369 Grade mined % Cu 1.74 1.69 1.36 Ore milled kt 1,134 1,216 1,352 Grade milled % Cu 1.79 1.71 1.34 Recovery % 95.7 95.0 94.6 Copper produced kt 19.4 19.7 17.2 Gold produced koz 6.1 4.9 4.6 HIGHLIGHTS » 19.4kt Cu produced at AISC of A$5.37/lb » Commenced production from the Murrawombie Open Pit » Updated Constellation Mineral Resource, resulting in a material increase in contained copper and gold metal » Demonstrated processing plant can operate above nameplate capacity with sufficient ore feed 4 >> 2025 ANNUAL REPORT Waste from the open cut operation is being used to progressively rehabilitate the old Murrawombie heap leach pads. This work is estimated to save approximately $8 million in end of mine life closure costs. During FY25, Aeris implemented the Mining Improvement Project at Tritton, focused on operational performance. Significant improvements were demonstrated in key production activities over the year, including diamond drilling, development metres and backfill placement. Exploration A 70-hole resource definition drilling program was completed at Constellation in FY25 enabling an update of the Mineral Resource estimate. The updated Mineral Resource now totals 7.6 million tonnes at 2.01% Cu, 0.66g/t Au and 2.5g/t Ag, containing 153kt Cu metal, 161koz Au metal and 608koz Ag metal1 . This represents a 24% increase in contained copper metal and a 29% increase in contained gold metal compared to the previous August 2022 estimate. The updated Mineral Resource also included a significantly larger open pittable component. A feasibility study is now underway on an open pit and underground operation with ancillary surface infrastructure. The feasibility study will also inform the release of a maiden Ore Reserve estimate in FY26. Underground resource definition drilling also commenced at Avoca Tank during the year. The drill program is targeting mineralisation down plunge below the base of the current Mineral Resource and will continue into FY26. 1. Refer to ASX announcement “Material Increase in Copper and Gold at Constellation”, 31 March 2025 Aeris Resources Focused. Forward >> 5 Figure 1: Preliminary mine design for Constellation 6 >> 2025 ANNUAL REPORT Figure 2: Planned resource extension drilling at Avoca Tank2 2. Refer to ASX announcement “Quarterly Activities Report - June 2025” dated 21 July 2025. Aeris Resources Focused. Forward >> 7 8 >> 2025 ANNUAL REPORT Operations Cracow performed well for the year, producing 45.1koz gold, within the guidance range. Capital and operating costs were well managed and also within guidance. At Cracow, underground mining operations continued in the Western Vein Field. Mined grade declined year on year as operations focused on the margins of the known deposits. Ore from underground was supplemented with lower grade surface stockpiles. At the processing plant, a secondary cyclone circuit was installed, enabling 100% of the leach feed to now pass through the regrind mill. A sustained 1-2% increase in gold recovery has been achieved by debottlenecking the regrind mill and improving gold liberation. CRACOW OPERATIONS Cracow annual production Units FY25 FY24 FY23 Ore mined kt 507 451 575 Grade mined g/t Au 2.89 3.13 2.75 Ore milled kt 618 585 667 Grade milled g/t Au 2.51 2.65 2.50 Recovery % 90.5 91.6 90.0 Gold produced koz 45.1 45.7 48.2 HIGHLIGHTS » 45.1koz Au produced at AISC of A$2,795/oz » Regrind mill debottlenecking project completed, delivering 1-2% improvement in gold recovery » Strong cash flow generation from operations » New exploration target identified at Golden Plateau Aeris Resources Focused. Forward >> 9 Figure 3: Cracow Operation Location Map Exploration Along with resource extension drilling in the Western Vein Field, exploration activities in FY25 concentrated on identifying new, greenfield targets. Historic two-dimensional and three- dimensional seismic survey data was reprocessed to refine key targets in the Southern Vein Field and Western Frontier. These targets will be further refined ahead of a drill program in FY26. At Golden Plateau in the Eastern Vein Field, a review was commenced to assess the gold prospectivity below the old open pit. Previous exploration undertaken by Aeris focused on delineating discrete, high-grade structures for potential extraction via underground mining methods. The current review examines the potential for a broader, low-grade gold system that could support open pit mining. Initial assessment of in-pit grade control data has identified extensive low-grade (+1g/t Au) mineralisation left behind from earlier underground operations. Historic drilling confirms this low-grade mineralisation continues below the pit floor3 . 3. Refer to ASX announcement “Quarterly Activities Report – June 2025” dated 21 July 2025. Western Frontier 10 >> 2025 ANNUAL REPORT Figure 4: A) Long section looking north and B) level slice (+/-10m) at the 385mRL at the Golden Plateau deposit showing underground stopes (grey wireframe) and open pit surface (transparent brown). Drill hole and underground face sample data are shown displaying Au grades5 . 4. Refer to ASX announcement “Quarterly Activities Report - June 2025” dated 21 July 2025. Aeris Resources Focused. Forward >> 11 Operations The North Queensland operations produced 5.5kt of copper for the year, slightly below guidance although gold production of 4.0koz was at the top end of the guidance range due to higher than planned gold grades. Capital and operating costs were generally to plan. Underground mining at Mt Colin was successfully completed in November 2024, with final ore stockpiles processed at Ernest Henry in the following quarter. Copper recoveries during the year were impacted by oxidised material from the cave zone of the mine, resulting in lower copper production than planned. The Mt Colin site has transitioned to care and maintenance. Rehabilitation activities have been undertaken including removal of infrastructure, relocation of potentially acid forming waste (PAF) to the underground and reprofiling and seeding of surface areas. Barbara Project The feasibility study on the Barbara Project in North Queensland was completed in FY25. While Barbara would contribute additional copper production, the project does not meet Aeris’ strategic requirements and group capital will be preserved for larger-scale developments, particularly at Tritton. The North Queensland assets including the Barbara Project and exploration tenements have been deemed non-core and options for divestment are being pursued. Mt Colin annual production Units FY25 FY24 FY23 Ore mined kt 177 511 426 Grade mined % Cu 2.42 2.15 2.39 Ore milled kt 363 411 363 Grade milled % Cu 1.94 2.11 2.18 Recovery % 78.5 78.3 89.8 Copper produced kt 5.5 6.8 7.1 Gold produced koz 4.0 4.3 3.9 NORTH QUEENSLAND OPERATIONS HIGHLIGHTS » 5.5kt Cu produced at AISC of A$3.40/lb » Mining operations completed at Mt Colin and site transitioned to care and maintenance » Divestment process for North Queensland assets underway 12 >> 2025 ANNUAL REPORT Jaguar Operations has been in care and maintenance since September 2023. Since that time, Aeris has undertaken technical studies on options to restart the mine. The current remaining Mineral Resources at the project do not support Aeris’ strategic requirement of +10 years life so further exploration will be conducted. Exploration Aeris has identified multiple base metals targets on the Jaguar tenements that have potential to add mineable resources to a restart scenario. Target generation was informed by a regional mapping campaign that reclassified stratigraphy immediately east of the known, 10km prospective VHMS corridor. An extensive sericite-altered untested rhyolitic volcaniclastic sequence, up to 1km thick, had previously been misinterpreted as massive rhyolite and largely overlooked by earlier explorers. JAGUAR PROJECT HIGHLIGHTS » Operation on care and maintenance » Feasibility study on restart of Jaguar paused while further exploration is undertaken » Tenements remain highly prospective for both base and precious metals discoveries Aeris Resources Focused. Forward >> 13 5. Refer to ASX announcement “Quarterly Activities Report – Sept 2024” dated 30 October 2024 6. Refer to ASX announcement “Quarterly Activities Report – June 2025” dated 21 July 2025 Discrete gravity anomalies identified in Aeris’ 2022 infill gravity survey, low- level pathfinder anomalism returned from ongoing rock chip sampling, and the presence of pervasive sericite alteration collectively support a compelling case for VHMS-style mineralisation within this newly defined corridor. The discrete gravity anomalies in this corridor have interpreted depths between 60m and 200m, and strike lengths between ~ 300m and 1km, presenting attractive targets for further exploration. Eight, high priority targets have been identified through this process and a first pass drill program is planned for FY26 to test each target. The Jaguar tenements are also considered highly prospective for gold mineralisation. During the year a limited number of drill holes were completed on gold prospects at the northern end of the tenement package5 ,6 . While the results returned were sub-economic, the program has refined the geological model and confirmed mineralisation continuity across a key structural trend. Aeris is considering options for advancing exploration of the gold targets in FY26 including possible joint ventures. 14 >> 2025 ANNUAL REPORT Figure 5: Jaguar VMS Corridor showing known deposits and high-priority drill VMS targets that will be drill tested in FY26 Aeris Resources Focused. Forward >> 15 STOCKMAN PROJECT The Stockman Project hosts a large, high-grade polymetallic resource7 , albeit with complex metallurgy. Feasibility studies are underway to determine the optimum processing route. During FY25, technical work continued on refining the proposed processing route and plant design. A number of options are still being investigated, with studies due for completion in mid-FY26. Aeris is also considering bringing a partner on board to assist with final technical designs and potential development of the project. 7.  Indicated Resource of 13.4Mt at 2.1% Cu, 4.2% Zn, 1.0g/t Au, 37g/t Ag. Refer to Group Mineral Resource and Ore Reserve Statement, dated 22 July 2025 HIGHLIGHTS » Detailed metallurgical test work continued to inform the design of an Albion leach circuit » Locations for downstream processing facilities and associated permitting have been assessed » Concept study on alternative pyrite-based flowsheet incorporating sulphuric acid production initiated. 16 >> 2025 ANNUAL REPORT Resources and Reserves The Mineral Resource and Ore Reserve estimates are reported in accordance with the guidelines of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC 2012”). The estimates are reported at 31 December 2024. Aeris Resources Focused. Forward >> 17 Mineral Resource Estimates Base Metals Grade Contained Metal Asset Category Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tritton Measured 0.4 1.0 - 0.1 2 4 - 1 30 Indicated   11.0 1.6 - 0.4 4 179 - 158 1,270 Inferred 7.5 1.8 - 0.3 4 131 - 73 840 Total 18.9 1.7 - 0.4 4 314 - 233 2,140 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 North Qld Measured 0.2 2.3 - 0.5 0 5 - 3 0 Indicated   2.4 2.0 - 0.2 3 47 - 16 210 Inferred 0.6 2.0 - 0.1 2 12 - 2 30 Total 3.2 2.0 - 0.2 2 64 - 21 240 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 Total Measured 1.1 1.5 2.3 0.2 29 17 25 9 1,060 Indicated 31.0 1.9 2.7 0.6 27 574 829 647 26,440 Inferred 12.4 1.6 1.5 0.6 22 193 191 254 8,580 Grand Total 44.5 1.8 2.3 0.6 25 784 1,045 910 36,070 Gold Grade Contained Metal Asset Category Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Cracow Measured 0.4 - - 4.0 3 - - 46 40 Indicated 1.9 3.6 4 224 230 Inferred 2.1 - - 2.6 4 - - 181 300 Total Grand Total 4.4 - - 3.2 4 - - 452 570 Notes: • Mineral Resource estimates are reported using a variety of cut-off criteria (NSR, copper or gold) depending on which is best suited to each deposit. • Discrepancy in summation may occur due to rounding. 18 >> 2025 ANNUAL REPORT Ore Reserve Estimates Base Metals Grade Contained Metal Asset Category Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tritton Proved 0.1 0.7 - - - 1 - - - Probable 2.3 1.6 - 0.3 6 36 - 23 440 Total 2.4 1.5 - 0.3 6 37 - 23 440 North Qld Proved - - - - - - - - - Probable 1.6 1.9 - 0.2 - 30 - 9 - Total 1.6 1.9 - 0.2 - 30 - 9 - Stockman Proved - - - - - - - - - Probable 9.6 1.9 4.3 1.0 36 183 413 318 11,410 Total 9.6 1.9 4.3 1.0 36 183 413 318 11,410 Total Proved 0.1 0.7 - - - 1 - - - Probable 13.5 1.8 3.1 0.8 27 249 413 350 11,850 Grand Total 13.6 1.8 3.0 0.8 26 249 413 350 11,850 Gold Grade Contained Metal Asset Category Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Cracow Proved 0.1 - - 3.0 - - - 14 - Probable 0.4 - - 2.9 - - - 33 - Total Grand Total 0.5 - - 2.9 - - - 48 - Notes: • Ore Reserve estimates are reported using a variety of cut-off criteria suitable for each deposit. • Discrepancy in summation may occur due to rounding. Aeris Resources Focused. Forward >> 19 Changes in Group Mineral Resources Estimates (net of mining depletion) Group Mineral Resource estimate represents a net decrease of 39kt in contained copper, 71koz in contained gold, 19kt in contained zinc, and 2Moz in contained silver relative to estimates at 31 December 2023. Mineral Resource changes at each operation are summarised below. • Tritton Operations Mineral Resource tonnage decreased by -3.6Mt. A decrease of 3Mt was due to a new reporting policy for underground Mineral Resource that incorporates conceptual stope shapes. This change replaces the previous block-by-block copper cut- off method and more accurately reflects economic and mining constraints, removes isolated lower grade and remnant ore blocks and will improve Resource to Reserve conversion at the Tritton Operations. Additional reductions were attributed to mine depletion and sterilisation (-1.8Mt). When the new reporting policy is applied to the previous Mineral Resource it showed a similar reduction in tonnage indicating the tonnage reduction is due to a change in policy and not the underlying geology. These decreases were partially offset by additions from resource extension drilling at the Constellation deposit, which contributed 1.4Mt to the Mineral Resource. • Cracow Operations Mineral Resource tonnage decreased by 0.5Mt compared to the previous reporting period. Mineral Resource reductions included model changes (-0.4Mt), mine depletion (-0.4Mt) and sterilisation (-0.3Mt), which was partially offset by resource additions (0.7Mt) from resource extension drilling throughout the reporting period. • Jaguar Projects Mineral Resource tonnage decreased by 1.3Mt, mainly due to a revised resource model for the Teutonic Bore deposit based on an updated geology interpretation and classification schema. • North Queensland Project Mineral Resource tonnage decreased by 0.1Mt due to changes to the sterilisation reporting criteria. • Stockman Project Mineral Resource has not changed since the previous reporting period. Changes in Group Ore Reserves Estimates (net of mining depletion) Group Ore Reserve estimates represent a net increase of 4kt in contained copper, and decreases of 8koz of contained gold, 95kt of contained zinc, and 1.8Moz of contained silver relative to estimates at 31 December 2023. The main reasons for the material changes to the Ore Reserve estimates at each asset are: • Tritton reduced due to mining depletion. However, depletion was partly offset by additions at the Tritton, Budgerygar and Avoca Tank underground mines. • Cracow Operation increased due to Mineral Resource additions and subsequent mine planning reviews. • North Queensland Project increased, despite the completion of mining operations at Mt Colin. This is due to the declaration of the maiden Ore Reserve for the Barbara project following the completion of the feasibility study. • Jaguar Project decreased following completion of technical studies that concluded additional mineable Mineral Resources are required to support a restart. Technical Studies have been paused while further exploration drilling is undertaken. Therefore, there is no Ore Reserve estimate for the Jaguar Project. • Stockman Project Ore Reserve estimate remained unchanged. Feasibility studies focused on processing pathways are currently underway. 20 >> 2025 ANNUAL REPORT Mineral Resource Estimates 31 Dec 2024 31 Dec 2023 Base Metals Grade Contained Metal Grade Contained Metal Asset Category Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tonnes (Mt Cu (%) Zn (%) Au (koz) Ag (koz) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tritton Measured 0.4 1.0 - 0.1 2 4 - 1 30 1.3 1.0 - 0.1 3 13 - 4 120 Indicated   11.0 1.6 - 0.4 4 179 - 158 1,270 11.2 1.3 - 0.3 4 145 - 91 1,280 Inferred 7.5 1.8 - 0.3 4 131 - 73 840 10.0 1.8 - 0.4 5 183 - 137 1,440 Total 18.9 1.7 - 0.4 4 314 - 233 2,140 22.5 1.5 - 0.3 4 342 - 232 2,840 Jaguar Measured 0.5 1.6 5.0 0.3 63 8 25 4 1,030 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 3.4 1.3 7.6 0.5 75 45 256 51 8,170 Inferred 2.0 1.1 6.5 1.0 83 23 128 62 5,260 4.0 1.2 4.0 0.5 56 47 161 68 7,270 Total 6.6 1.4 6.3 0.6 71 90 422 119 15,240 7.9 1.3 5.6 0.5 65 100 442 123 16,460 North Qld Measured 0.2 2.3 - 0.5 0 5 - 3 0 0.3 2.8 - 0.6 - 9 - 6 - Indicated   2.4 2.0 - 0.2 3 47 - 16 210 2.2 2.0 - 0.2 3 44 - 13 210 Inferred 0.6 2.0 - 0.1 2 12 - 2 30 0.6 2.0 - 0.1 2 11 - 2 30 Total 3.2 2.0 - 0.2 2 64 - 21 240 3.1 2.1 - 0.2 2 65 - 21 240 Stockman Measured - - - - 0 - - - 0 - - - - - - - - - Indicated   13.4 2.1 4.2 1.0 37 288 561 420 16,000 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 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 15.8 2.0 4.0 1.1 36 315 623 537 18,450 Total Measured 1.1 1.5 2.3 0.2 29 17 25 9 1,060 2.1 1.4 1.2 0.2 17 31 25 14 1,150 Indicated 31.0 1.9 2.7 0.6 27 574 829 647 26,440 30.2 1.7 2.7 0.6 26 524 817 576 25,660 Inferred 12.4 1.6 1.5 0.6 22 193 191 254 8,580 16.9 1.6 1.3 0.6 21 268 223 323 11,190 Grand Total 44.5 1.8 2.3 0.6 25 784 1,045 910 36,070 49.3 1.7 2.2 0.6 24 822 1,065 913 37,990 31 Dec 2024 31 Dec 2023 Gold Grade Contained Metal Grade Contained Metal Asset Category Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tonnes (Mt Cu (%) Zn (%) Au (koz) Ag (koz) Cu (kt) Zn (kt) Au (koz) Ag (koz) Cracow Measured 0.4 - - 4.0 3 - - 46 40 0.4 - - 3.9 3 - - 52 39 Indicated 1.9 3.6 4 224 230 2.1 - - 3.4 4 - - 259 249 Inferred 2.1 - - 2.6 4 - - 181 300 2.4 - - 2.9 4 - - 208 376 Total Grand Total 4.4 - - 3.2 4 - - 452 570 4.9 - - 3.4 4 - - 519 664 Notes: • Mineral Resource estimates are reported using a variety of cut-off criteria (NSR, copper or gold) depending on which is best suited to each deposit. • Discrepancy in summation may occur due to rounding. Aeris Resources Focused. Forward >> 21 Ore Reserve Estimates 31 Dec 2024 31 Dec 2023 Base Metals Grade Contained Metal Grade Contained Metal Asset Category Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tritton Proved 0.1 0.7 - - - 1 - - - 0.0 1.8 - - - 0 - - - Probable 2.3 1.6 - 0.3 6 36 - 23 440 2.8 1.5 - 0.3 5 41 - 23 451 Total 2.4 1.5 - 0.3 6 37 - 23 440 2.8 1.5 - 0.3 5 41 - 23 451 Jaguar Proved - - - - - - - - - 0.1 1.4 8.7 0.8 74 1 8 2 225 Probable - - - - - - - - - 1.1 1.4 8.3 0.6 45 16 87 21 1,534 Total - - - - - - - - - 1.2 1.5 8.3 0.6 48 17 95 23 1,759 North Qld Proved - - - - - - - - - 0.1 2.4 - 0.5 - 2 - 1 - Probable 1.6 1.9 - 0.2 - 30 - 9 - 0.1 2.1 - 0.4 - 2 - 1 - Total 1.6 1.9 - 0.2 - 30 - 9 - 0.2 2.3 - 0.4 - 4 - 2 - Stockman Proved - - - - - - - - - - - - - - - - - - Probable 9.6 1.9 4.3 1.0 36 183 413 318 11,410 9.6 1.9 4.3 1.0 36 183 413 318 11,409 Total 9.6 1.9 4.3 1.0 36 183 413 318 11,410 9.6 1.9 4.3 1.0 36 183 413 318 11,409 Total Proved 0.1 0.7 - - - 1 - - - 0.2 1.9 4.4 0.6 37 3 8 4 225 Probable 13.5 1.8 3.1 0.8 27 249 413 350 11,850 13.6 1.8 3.7 0.8 30 242 500 363 13,394 Grand Total 13.6 1.8 3.0 0.8 26 249 413 350 11,850 13.8 1.8 3.7 0.8 30 245 508 367 13,619 31 Dec 2024 31 Dec 2023 Gold Grade Contained Metal Grade Contained Metal Asset Category Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Tonnes (Mt) Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (kt) Zn (kt) Au (koz) Ag (koz) Cracow Proved 0.1 - - 3.0 - - - 14 - 0.2 - - 3.7 - - - 27 - Probable 0.4 - - 2.9 - - - 33 - 0.4 - - 3.5 - - - 41 - Total Grand Total 0.5 - - 2.9 - - - 48 - 0.6 - - 3.6 - - - 68 - Notes: • Ore Reserve estimates are reported using a variety of cut-off criteria suitable for each deposit. • Discrepancy in summation may occur due to rounding. 22 >> 2025 ANNUAL REPORT The mineral resources and ore reserves statement included in the Annual Report is based on, and fairly represents, information and supporting documentation prepared by competent persons. The mineral resources and ore reserves statement included in the Annual Report as a whole has been approved by: • Brad Cox (Mineral Resources), who is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of Aeris Resources; and • Cam Schubert (Ore Reserves), who is a Fellow of the Australasian Institute of Mining and Metallurgy and is a full-time employee of Aeris Resources. The mineral resources and ore reserves statement has been issued with the prior written consent of Mr Cox and Mr Schubert as to the form and context in which it appears. The table below sets out information regarding the Competent Persons for Aeris Resources 31 December 2024 Mineral Resources and Ore Reserves estimates. The information in this statement that relates to the Mineral Resource and Ore Reserve estimates listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row. Unless otherwise stated, these Competent Persons are full-time employees of Aeris Resources Limited (except for Andrew Fowler, who was a former employee at the time the relevant work was conducted and John McKinstry who was a former employee of Round Oak Minerals Ltd, who were the owners of the Stockman project at the time of preparation of the Ore Reserve Estimate for Stockman included in this report. All are Members or Fellows of the Australasian Institute of Mining and Metallurgy (AusIMM) and have sufficient relevant experience to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Each of these Competent Persons consents to the inclusion in the report of the matters based on their information in the form and context in which it appears. Aeris Resources employees acting as a Competent Person may hold equity in Aeris Resources Limited and may be entitled to participate in Aeris’s executive equity long-term incentive plan, details of which are included in Aeris’s annual Remuneration Report. Annual replacement of depleted Mineral Resources and Ore Reserves is one of the performance measures of Aeris’s long-term incentive plans. COMPETENT PERSONS STATEMENTS Aeris Resources Focused. Forward >> 23 Competent Persons for 31 December 2024 Mineral Resources and Ore Reserves estimates Deposit Mineral