Highlights

  • September-quarter group copper-equivalent production totalled 9.3 thousand tonnes.
  • Tritton produced 5.9 thousand tonnes of copper in the quarter.
  • Cracow contributed 8.8 thousand ounces of gold during September quarter.
  • Cash and receivables at quarter-end totalled AUD 178.7 million.

Aeris Resources Limited (ASX:AIS) produces copper and gold from its Tritton operations in New South Wales and Cracow mine in Queensland, while developing additional Mining sources. Its September 2026 Quarterly Report covered production, mining sequences and Investment in the Constellation project. Aeris shares closed at AUD 0.400 on 5 November 2026, following a quarter in which output remained within the company’s annual operating plan.

Production Across Tritton and Cracow

Aeris Resources Limited (ASX:AIS) reported 9.3 thousand tonnes of group copper-equivalent production for the September 2026 quarter. Copper output was 5.9 thousand tonnes, compared with 6.5 thousand tonnes in the June quarter. Gold production was 10.8 thousand ounces across the group, against 12.9 thousand ounces in the prior quarter. Copper-equivalent production combines metals using specified reference prices, and therefore should not be mistaken for physical tonnes of copper alone.

Tritton produced 5.9 thousand tonnes of copper and recorded September mill throughput of 166,000 tonnes, a monthly record disclosed by the company. Quarterly ore milled totalled approximately 452,000 tonnes, with a copper mill grade of 1.47% and recovery of 88.4%. The decrease in copper production from June was in line with the company’s sequencing expectations, while mined grades were ahead of its internal plan.

Cracow Gold and Mine Sequencing

Cracow produced 8.8 thousand ounces of gold in the September quarter, compared with 10.5 thousand ounces in June. Mined ore totalled 127,400 tonnes, and 157,300 tonnes were milled. The reported milled gold grade was 1.97 grams per tonne, while recovery was 88.4%. Management attributed the quarterly grade profile to its planned mining sequence, which included lower-grade stopes.

Aeris Resources Limited (ASX:AIS) reported Cracow all-in sustaining costs of AUD 4,079 per ounce, compared with AUD 3,812 per ounce in the June quarter. Unit costs can increase when gold output falls even if site expenditure is controlled. Subsequent quarterly reports will indicate whether the grade and output profile develops in line with the company’s mine schedule. The updated Golden Plateau Mineral Resource, announced in October, totalled 200,000 ounces of gold, which is a resource estimate rather than production.

Constellation and FY2027 Planning

At Tritton, waste stripping at the Constellation open pit started during the September quarter. Management indicated that construction and waste stripping remained on plan, with first ore targeted for delivery to the mill in March 2027. The company also identified approximately 120,000 tonnes of additional Avoca Tank ore for its mine plan in late FY2027, with development activities continuing to enable access.

Group FY2027 guidance was 22,000–27,000 tonnes of copper and 42,000–51,000 ounces of gold. Aeris also guided to 37,000–46,000 tonnes of copper-equivalent production. Those ranges incorporate planned mine sequencing, and the company’s capacity to meet them depends on realised grades, equipment availability, development work and safe operations. Group growth and project Capital Expenditure in the September quarter was AUD 53.6 million.

Financial Position, Risks and Key Insights

Aeris Resources Limited (ASX:AIS) ended September with AUD 178.7 million of cash and receivables. This differs from immediately available cash alone and should not be treated as an unrestricted cash balance. Reported sustaining capital expenditure was AUD 25.4 million, and operating mine costs were AUD 93.5 million during the quarter. The scale of development spending makes cash conversion, project cost control and future mine output important monitoring points.

Key Insights

The quarter combined planned output changes with development investment. Future updates will show whether Constellation ore is delivered on schedule and whether Tritton and Cracow meet FY2027 guidance. Metal prices, processing recoveries, mining safety and development schedules remain relevant factors for assessing operations.