Highlights

  • September-quarter copper-equivalent production was 9,300 tonnes.
  • Tritton produced 5,900 tonnes of copper in the quarter.
  • Cracow produced approximately 8,800 ounces of gold.
  • Cash and receivables at 30 September 2026 totalled AUD 178.7 million.

Aeris Resources Limited (ASX:AIS) produces base and precious metals, with the Tritton copper operations in New South Wales and Cracow gold operations in Queensland forming its principal producing assets. Its September 2026 quarterly update described ongoing production together with spending on the Constellation project. Aeris shares ended the 5 November 2026 session at AUD 0.40. Current operating performance, unit costs and the pace of development Investment are the main factors shaping the group’s FY27 programme.

September 2026 Production and Group Costs

For the September quarter, Aeris reported copper-equivalent production of 9,300 tonnes, compared with 11,300 tonnes in the preceding June quarter. Copper output was 5,900 tonnes and gold output 10,800 ounces across the group. The group’s All-In Sustaining Cost on a copper-equivalent basis was AUD 6.10 per pound, compared with AUD 4.83 per pound for the previous quarter. These measures combine metals using the company’s disclosed price conversion methodology. They should not be read as pure copper-unit cash costs or as a profit margin. For Aeris Resources Limited (ASX:AIS), the reported operating cost and metal mix explain why changes in quarterly volumes require detailed consideration.

Tritton Copper and Constellation Development

Tritton produced 5,900 tonnes of copper in the September quarter, compared with 6,500 tonnes in June. Aeris reported that Mining and processing performance was ahead of its internal plan despite the lower sequential production figure. The Constellation open-pit project had entered construction and waste stripping, following a mining Lease granted in July 2026. This investment is intended to contribute future ore to the Tritton system; early construction activity should not be mistaken for commercial output from the new pit. The company also described additional Avoca Tank material incorporated into its later FY27 mine plan. Feed grades, throughput, haulage and construction progress remain operational measures to follow.

Cracow Gold and Resource Development

Cracow delivered approximately 8,800 ounces of gold in the September quarter, down from 10,500 ounces in June. Aeris attributed the sequential change partly to mining lower-grade areas under the planned sequence. The company said the operation remained on track for its annual guidance. In October 2026, an updated Golden Plateau Mineral Resource was reported at around 200,000 ounces of gold, following additional geological work. A Mineral Resource estimate provides a basis for evaluation; it does not by itself establish additional mineable reserves or guarantee a life extension. Further drilling, mine planning and economic assessment would be required to determine how the deposit could contribute to future schedules.

Balance Sheet, Guidance and Risks

Cash and receivables were AUD 178.7 million at the end of September 2026, following investment in projects and exploration. The company’s FY27 group guidance included 22,000–27,000 tonnes of copper and 42,000–51,000 ounces of gold. Capital spending is material to the plan: Aeris outlined FY27 growth and project capital of AUD 170–210 million. Mining risks include lower grades, process recoveries, construction timing, safety and changes in metal prices. For Aeris Resources Limited (ASX:AIS), cash movements, delivery at Tritton and Cracow, and the Constellation schedule will show how operating receipts and development commitments interact.

Key Insights

Aeris Resources Limited (ASX:AIS) combines producing copper and gold operations with a capital-intensive development programme. Its September 2026 results provide evidence of output and costs, while delivery against FY27 guidance and funding of Constellation remain important monitoring points.