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Annual General Meeting

25 November 2021 Presented by Andre Labuschagne

Aeris – Annual General Meeting 2021

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Important notice and disclaimer

This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited ( Aeris ) with respect to the anticipated future undertakings. These forwardlooking statements reflect various assumptions by or on behalf of Aeris.

Accordingly, these statements are subject to significant business, economic and competitive uncertainties and contingencies associated with the mining industry which may be beyond the control of Aeris which could cause actual results or trends to differ materially, including but not limited to price and currency fluctuations, geotechnical factors, drilling and production results, development progress, operating results, reserve estimates, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates, environmental risks, ability to meet funding requirements, share price volatility. Accordingly, there can be no assurance that such statements and projections will be realised. Aeris makes no representations as to the accuracy or completeness of any such statement of projections or that any forecasts will be achieved.

Additionally, Aeris makes no representation or warranty, express or implied, in relation to, and no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by Aeris or by any of their respective officers, directors, shareholders, partners, employees, or advisers as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In furnishing this presentation, Aeris undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise.

Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in Aeris.

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Aeris – Annual General Meeting 2021

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Our Business
Cracow Gold Operations
Ownership 100%
Mine type U/G
Processing 600 ktpa CIP
FY22F Production 67koz – 71 koz Au
FY22F AISC A$1,550/oz-A$1,600/oz
Au Reserves [(1)] 690kt @ 4.1 g/t (90koz)
Torrens JV (exploration)
Au Resources [(1)] 3,900kt @ 3.1 g/t (390koz)
Ownership 70%
Location 75 km SE Olympic Dam (BHP)
Cracow
Geology Type IOCG
Anomalous Zone 120 km [2] Brisbane Corporate Office
Canbelego JV
Torrens JV (70%) (30%)
Tritton
Canbelego JV (exploration) Tritton Copper Operations
Ownership 30%
Ownership 100%
Location 45km SW of Tritton
Mine type U/G
Geology Type Epigenetic structurally controlled
Processing 1.8 Mtpa
Anomalous Zone <2km
FY22F Production 21kt – 22kt Cu
FY22F AISC A$4.10lb – $4.45/lb Cu
Cu Reserves [(1)] 5,300kt @ 1.3% (69kt)
Cu Resources [(1)] 16,600kt @ 1.4% (230kt)
(1) See slides 32 – 34 for further detail
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Aeris – Annual General Meeting 2021

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Market information

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ASX Code AIS 0.3
Market capitalisation [1] A$370m 0.25 $50m placement
Enterprise Value [1] Constellation results
A$298m
0.2
Available Cash [2 ] A$72m H1 results
0.15
Outstanding Debt Nil
Constellation discovery
Commodity focus Copper and Gold 0.1
Cracow Acquisition
0.05
Shareholding structure (Issued Shares) as at 31 October 2021
Tudor Court, 0
Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21
19.3%
250
Other 200
shareholders
46.3% 150
100
50
Institutions,
31.7% -
Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21
Management
(excl. options), 2.7% Mgt also hold
Issued shares: c.2,230 million 25.2m Options (1) Based on share price of $0.165 per share on 24 November 2021
(2) As at 30 September 2021
Share Price, A$
Daily Volume, M
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Aeris – Annual General Meeting 2021

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FY21 Highlights

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Cracow Tritton
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Acquisition and integration completed
Achieved guidance 22,987t Cu @ AISC of A$3.70/lb
Achieved guidance 73,685oz @ AISC of $1,483/oz
Commenced development at Budgerygar deposit
Klondyke/Royal, Roses Pride Mineral Resource updates
Discovered Constellation deposit – drilling
New tailings dam commissioned
continues
Accelerating exploration  Accelerating exploration

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Corporate
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Closing cash and receivables $105.9m
PAG repaid in July, debt free after 8 years
New $35m bonding facility and $20m working capital facility with ANZ
Sold Yandan gold project (non-core)
$50m Placement in June 2021

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Aeris – Annual General Meeting 2021

FY21 Highlights Transformational year

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Aeris – Annual General Meeting 2021

Our Sustainability Approach

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Aeris seeks to operate in a sustainable manner that creates value now and into the future. The way we conduct our business and the decisions we make every day contribute towards achieving sustainable outcomes.

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We believe through operating our business in this manner we will achieve our sustainability goals.

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Inaugural FY21 Sustainability Report released on 27 October 2021. Demonstrates Aeris’ commitment to transparency, integrity, and sustainable performance.

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Aeris Resources

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Aeris – Annual General Meeting 2021

Tritton Copper Operations A consistent producer with upside

Established underground copper mines and 1.8 Mtpa processing plant in Western NSW, Australia
Operating since 2005 with >320 kt Cu produced
Highly endowed region and 2,330km[2] tenement package
Nearby mines include CSA (Glencore plc), Peak and Hera Mines (Aurelia Metals Limited)
750 kt copper discovered on tenements to date[(1)]
Currently mining the Tritton and Murrawombie underground mines:
Tritton is a >20 Mt copper dominant deposit[(2)]
Murrawombie is a >10 Mt copper dominant deposit with good gold grades[(2)]
Near term mine life extension projects underway or commencing in FY22:
Budgerygar Underground
Avoca Tank Underground
Murrawombie Open Pit cut-back
Recent discovery of Constellation deposit further demonstrates exploration upside

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Tritton production profile (kt)
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30 30
27 27
25
23 22.5-23.5
22 21-22
FY15A FY16A FY17A FY18A FY19A FY20A FY21A FY22F FY23F
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(1) 750kt of copper discovered to date on the Tritton tenement package includes historically mined and current reported Mineral Resources
(2) Estimated tonnages of the Tritton and Murrawombie deposits includes historically mined and current reported Mineral Resources

Aeris – Annual General Meeting 2021

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Tritton Copper Operations
– unrivalled project pipeline
Project Producing Developing / Constructing Exploring
 Tritton
 Murrawombie
 Budgerygar
 Avoca Tank
 Murrawombie Open Pit
 Constellation
 Budgery
 Kurrajong
 South Wing
Note: Orange arrows indicated targeted advancements in respective projects in FY22.
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Aeris – Annual General Meeting 2021

Known deposits – conceptual development plans

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Mine / Deposit FY 2022 2023 2024 2025 2026+
Tritton U/G
Murrawombie U/G Drill
Tritton - Budgerygar
Avoca Tank Develop
Murrawombie O/P
Constellation Produce
Kurrajong
Budgery
Tritton - South Wing
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1) Development timeline is conceptual only. Final development plans and timelines depend on a number of factors including results of internal feasibility studies, detailed mine design, market forces, approvals, availability of capital, amongst others. 2) Aeris is yet to announce Mineral Resource estimate at the Constellation and Kurrajong deposits and has made certain assumptions regarding these deposits in producing this conceptual plan. Ultimately, final development plans for these projects are subject to concluding various processes including undertaking metallurgical testing, permitting, native title and cultural heritage, access arrangements as well as internal mine planning and feasibility processes. This slide does not constitute a Production Target for the purposes of the Listing Rules or the JORC Code.

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Aeris – Annual General Meeting 2021

Mine Life Extension Projects - Budgerygar

Mineral Resource 2.3Mt @ 1.5%Cu[1]
Access drive completed
Resource drilling underway
Updated Mineral Resource expected Q2 FY22
First production targeted for Q4 FY22

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(1) See slides 32 – 34 for further detail

Aeris – Annual General Meeting 2021

Mine Life Extension Projects - Avoca Tank Development

Ore Reserve 700kt @ 2.5% Cu, 0.8g/t Au[1]
Access drive from the Northeast mine (existing
portal in Hartman’s pit)
- Minimise environmental footprint
- Avoid geotechnical risk in weathered rock zone
- Target access at thick high-grade zone
Bottom-up mining method
Potential down-dip extensions – Drilling to start in
Q3 FY22

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(1) See slides 32 – 34 for further detail
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Aeris – Annual General Meeting 2021

Mine Life Extension Projects - Avoca Tank Mine Development

Development contract for decline access awarded
Work commenced
First ore targeted Q4, FY23

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Aeris – Annual General Meeting 2021

Tritton Copper Operations – there’s more copper to be found, $15 million exploration budget for FY22

Exploration upside:
Highly endowed tenement package (2,330km[2] ) – more than 750kt of copper discovered to date[(1)]
Proven exploration strategy – Constellation discovery demonstrates it’s working
3 most recent discoveries (Avoca Tank, Kurrajong and Constellation) at Tritton Copper Operations all show good copper and gold grades
New exploration tenements gives “new spaces” to explore – northern half of tenement package largely unexplored
Regional geology characterised by clusters of deposits – keep looking around known orebodies
Established processing facility provides strategic regional advantage for new discoveries
New EL application approved

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(1) 750kt of copper discovered to date on the Tritton tenement package includes historically
mined and current reported Minerals Resource
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Aeris – Annual General Meeting 2021

Tritton Copper Operations Greenfields Exploration Activities

Constellation

Continue drilling at Constellation across FY22 targeting Maiden Mineral Resource estimate in December
Bedrock conductor identified initially from airborne EM survey and confirmed by ground based EM

Avoca Tank

Two drill holes planned to test down dip extensions below Mineral Resource Q3 FY22

Aerial EM Program

570km[2 ] Program planned in second half of FY22
Proven first pass exploration method – discovered Constellation
Cost effective tool for exploring large areas quickly – to be used over northern half of Tritton tenement package

Greenfields Drilling Program

First pass drill testing of multiple greenfields targets

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Aeris – Annual General Meeting 2021

Tritton Copper Operations – Constellation Deposit

Spectacular results

45km North-East from Tritton – within trucking distance of Tritton mill
63 diamond holes drilled to date – majority intersecting copper sulphide mineralisation
High grade results reported near surface and at depth
Drilling has traced mineralised system 1,000m down plunge[(3)]
Strike increased from ~200 to ~300m[(1)(2)]
Intersected Two EM plates traced a further 300m down plunge[(1)]
Successfully intersected massive sulphides in one plate[(3)]
Near surface mineralisation provides potential open pit opportunity

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Mineralisation remains open down plunge

1) Aeris ASX announcement “Constellation Footprint Continues To Grow” dated 10 June 2021

2) Aeris ASX announcement “Constellation update” dated 3 August 2021

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3) Aeris ASX announcement “Constellation Drilling Program update” dated 9 November 2021

Aeris – Annual General Meeting 2021

Tritton Copper Operations Constellation Deposit

Resource definition drilling continues to return high grade copper assays within the deeper primary (sulphide) copper domain:[(3)]
TAKD028[1] – 23.05m @ 2.29% Cu, 0.80g/t Au , 4.1g/t Ag (from 153.45m) including – 5.3m @ 6.99% Cu, 2.14g/t Au, 12.3g/t Ag (from 171.2m)[2]
TAKD029[1] – 10.95m @ 2.73% Cu, 0.82g/t Au , 5.6g/t Ag (from 160.85m)
TAKD024[1] – 29m @ 1.78% Cu, 0.73g/t Au , 4.6g/t Ag (from 281.0m) including – 13.0m @ 2.80% Cu, 1.20g/t Au, 7.6g/t Ag (from 282.5m)[2]
TAKD026[1] – 15.8m @ 1.64% Cu, 0.75g/t Au , 5.9g/t Ag (from 205.0m) including
- 4.45m @ 3.91% Cu, 1.32g/t Au, 13.6g/t Ag (from 216.35m)[2]
Drilling has successfully intersected massive sulphides (assays pending) 150m down plunge from previous drilling[(3)]

Mineralisation now traced 1,000m down plunge and remains open (down plunge and along strike)[(3)]

 - 1) Diamond drill hole assay interval reported at a 0.50% Cu cut-off grade with a maximum of 3m dilution. 2) Diamond drill hole assay interval reported at a 1.0% Cu cut-off grade with a maximum of 3m dilution 3) Aeris ASX announcement “Constellation Drilling Program Update” dated 9 November 2021

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Aeris Resources

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19
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Aeris – Annual General Meeting 2021

Cracow Gold Operations A highly cash flow generative mine that has transformed the Company

A high grade, low cost gold mine in Queensland, Australia with a proven operating history
FY21 production of 73,685koz high margin gold ounces at AISC of A$1,483oz
Upgraded guidance for FY22 and added FY23 Guidance:[(1),(2)]
FY22 67koz - 71koz @ AISC between $1,550/oz and 1,600/oz
FY23 60koz - 65koz

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Cracow production profile (koz)
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93 91 89 90 88
81
73
67-71
60-65
FY15A FY16A FY17A FY18A FY19A FY20A FY21A FY22F FY23F
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(1) Aeris announcement “Quarterly Activities report – June 2021” dated 30 July 2021 (2) Aeris announcement “Extensions to Cracow Mine Life” dated 3 August 2021

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Aeris – Annual General Meeting 2021

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Cracow Gold Operations
- Accelerating Exploration
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Near Mine

Push mill to 650kt
Focus on increasing UG mine life
Review old areas and cut-off grades
Multiple targets to be tested
3 drill rigs operating in FY22

New Spaces

Prioritising targets
Drilling underway at Ballymore and
Boughyard
Magnetic survey done for Boughyard
$4m budget for FY22

Resource updates

Roses Pride +260% [(1)]
Klondyke Royal +324% [(2)]
Drilling underway at Golden Plateau
Ore Reserves replaced and Mineral Resources increased[(3)]
$9m budget for FY22

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(1) Aeris announcement “Roses Pride Mineral Resource Update” dated 6 January 2021 (2) Aeris announcement “Significant Increase to Klondyke Royal Mineral Resource” dated 22 April 2021 (3) Aeris announcement “Mineral Resource and Ore Reserve Estimate June 2021 Cracow” dated 3 August 2021.

Aeris – Annual General Meeting 2021 Cracow Gold Operations Mining and exploration pipeline

Note: Orange arrows indicated targeted advancements in respective projects in FY22.

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Aeris – Annual General Meeting 2021

Cracow Gold Operations Exploration of near mine target areas

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Three rigs drilling underground
• Increased FY22 budget to A$9M
• Multiple untested targets

Aeris – Annual General Meeting 2021

Cracow Gold Operations Exploring in new spaces – looking for the next big discovery

Prospectivity review completed. Revision of priority targets.

● Cracow South-West

Identified as a potential analogue of the Western field mineralised system (~2Moz)[(1)]
Structures with potential to host mineralisation identified from 2D seismic surveys and intersected from limited drilling completed in the area
Within 5km of current mine infrastructure

● Ballymore

Prospective structure along southern margin of the current mining footprint
Limited historical drilling returned encouraging results
Evidence of epithermal vein textures / anomalous pathfinder elements
Drilling scheduled in FY22 from current underground workings

● Boughyard

Large (~3.0 km x 1.5 km) alteration system open to south and west
Regional analogue to the alteration system spatially related to the Cracow goldfield
Geological understanding and drill targeting has been refined following completion of a drone magnetic survey (December 2020)
(1) 2Moz of gold discovered to date on the Cracow tenement package includes historically mined and current reported Minerals Resource

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Aeris Resources
Growth
25
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Aeris – Annual General Meeting 2021
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M&A remains a focus

Aeris Resources M&A strategy ● Pursue strategic M&A opportunities that add value, complement existing portfolio and transform Aeris into a midsized, mining company
Leverage Aeris’ existing operational expertise to create value
Key focus on copper and gold opportunities
Commodities  Gold and Copper Location  Australia  Offshore – Risk reward
Project stage  Producing operation with established infrastructure
Development ready  Bolt-on exploration
Size and  Ongoing opportunity to upgrade portfolio potential  Exploration upside  Cash generative

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Aeris Resources

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Summary

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Aeris – Annual General Meeting 2021

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Summary

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FY21
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Transformational year
Operations deliver against expectation
Significant exploration success
$50m placement
Debt Free
Ongoing focus on M&A

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FY22
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Tritton guidance 21-22kt Cu @ AISC between $4.10/lb and $4.45/lb

Transformation from survival to growth
Developing 3 life extension projects and brining others into the pipeline
Accelerating exploration $15m

Cracow guidance 67-71koz @ AISC between $1,550/oz and $1,600/oz

$13 million allocated to exploration
Tailings dam commissioned mid August 2021

Ongoing focus on M&A

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Aeris – Annual General Meeting 2021
What makes
Proven team with a
consistent track record
Aeris different?
Further value to unlock Diversified, strong free
cash generation
We Are
Aeris
A platform for growth Favourable gold / copper
price exposure
Financially robust, rapidly deleveraging
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Aeris – Annual General Meeting 2021

Aeris Resources

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Thank you

Aeris Resources

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Appendix A: Mineral Resource and Ore Reserve statements

Aeris – Annual General Meeting 2021

Tritton – Mineral Resource - June 2021 Tritton Tenement Package

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June 2021 June 2021
Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz)
Tritton Underground Budgerygar
Measured 3,500 1.3 45 0.1 11 3.6 400 Measured - - - - - - -
Indicated 840 1.2 10 0.1 2 2.3 63 Indicated - - - - - - -
Total M + I 4,400 1.3 55 0.1 13 3.3 470 Total M + I - - - - - - -
Inferred 2,400 1.1 27 0.1 11 4.2 330 Inferred 2,300 1.5 34 0.2 15 5.2 380
TOTAL 6,800 1.2 82 0.1 24 3.6 800 TOTAL 2,300 1.5 34 0.2 15 5.2 380
Tritton Pillars (Recoverable) Budgery
Measured - - - - - - - Measured - - - - - - -
Indicated 70 2.0 1 0.3 1 11.7 27 Indicated 1,700 1.1 19 0.1 7 - -
Total M + I 70 2.0 1 0.3 1 11.7 27 Total M + I 1,700 1.1 19 0.1 7 - -
Inferred - - - - - - - Inferred 280 0.9 3 0.1 1 - -
TOTAL 70 2.0 1 0.3 1 11.7 27 TOTAL 2,000 1.1 22 0.1 8 - -
Murrawombie Stockpiles
Measured - - - - - - - Measured 27 1.3 0 - - - -
Indicated 3,900 1.5 57 0.3 34 4.6 570 Indicated - - - - - - -
Total M + I 3,900 1.5 57 0.3 34 4.6 570 Total M + I 27 1.3 0 - - - -
Inferred 610 1.4 9 0.3 6 4.2 82 Inferred - - - - - - -
TOTAL 4,500 1.4 65 0.3 40 4.5 660 TOTAL 27 1.3 0 - - - -
Avoca Tank Total
Measured - - - - - - - Measured 3,600 1.3 45 0.1 11 3.5 400
Indicated 770 2.9 23 0.9 21 15.6 390 Indicated 7,300 1.5 110 0.3 65 4.5 1,050
Total M + I 770 2.9 23 0.9 21 15.6 390 Total M + I 10,900 1.4 160 0.2 76 4.2 1,460
Inferred 130 1.0 1 0.2 1 3.2 13 Inferred 5,700 1.3 73 0.2 33 4.4 810
TOTAL 900 2.6 24 0.8 22 13.8 400 TOTAL 16,600 1.4 230 0.2 110 4.2 2,260
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Notes:

(1) Mineral Resource cut-off grades, 0.6% Cu Tritton, 0.6% Cu Murrawombie, 0.6% Cu Avoca Tank, 0.8% Cu Budgerygar, 0.5% Cu Budgery

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(2) Gold and silver grades have been reported for the FY2021 Mineral Resource Estimates at Tritton, Murrawombie, Avoca Tank, Budgerygar and Budgery (gold only). The Mineral Resource Estimate for Budgery does not include silver estimates. Consequently, silver grades and metal figures are omitted from the Total Reported Figures. (3) Discrepancy in summation may occur due to rounding.

Aeris – Annual General Meeting 2021

Tritton – Ore Reserve

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- 2021 Tritton Tenement Package

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June 2021
Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz)
Tritton Underground
Proved 1,800 1.2 21 0.1 4 3.0 170
Probable 0 0.0 0 0.0 0 0.0 0
TOTAL 1,800 1.2 21 0.1 4 3.0 170
Murrawombie Underground
Proved 0 0.0 0.0 0.0 0.0 0.0 0.0
Probable 1,100 1.4 15 0.3 10 0.0 157
TOTAL 1,100 1.4 15 0.3 10 0.0 157
Murrawombie Open Pit
Proved 0 0.0 0 0.0 0 0.0 0
Probable 1,600 0.9 14 0.1 8 2.8 150
TOTAL 1,600 0.9 14 0.1 8 2.8 150
Avoca Tank
Proved 0 0.0 0 0.0 0
Probable 700 2.5 18 0.8 18
TOTAL 700 2.5 18 0.8 18
Stockpiles
Proved 27 1.3 0.4
Probable 0 0.0 0
TOTAL 27 1.3 0.4
Total
Proved 1,800 1.2 22
Probable 3,400 1.4 47
TOTAL 5,300 1.3 69
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Notes:

(1) Discrepancies in summation may occur due to rounding.

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(2)
(3)
(4)
Cut-off grades vary between deposits and are selected based on economic analysis. They are not a break-even cut-off.
Mineral Resources are quoted as INCLUSIVE of the Ore Reserves Estimate.
All Mineral Resource that is available for conversion to Ore Reserve has been evaluated and is included in the Ore Reserve estimate where it meets economic and other criteria. Ore Reserve annual update as announced on ASX 3 August 2021.

Aeris – Annual General Meeting 2021

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Cracow – Mineral Resource and Ore Reserve

2021 Mineral Resource Cracow Tenement Package

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----- Start of picture text -----

June 2021
Tonnes (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz)
Cracow
Measured 200 9.1 59 5.7 37
Indicated 1,400 3.7 170 3.1 140
Total M + I 1,600 4.3 230 3.4 180
Inferred 2,300 2.3 170 1.5 110
TOTAL 3,900 3.1 390 2.3 290
----- End of picture text -----

Notes:

(1) Mineral Resource cut-off grade 1.5g/t for all Cracow deposits (2) Discrepancy in summation may occur due to rounding.

2021 Ore Reserve Cracow Tenement Package	2021 Ore Reserve Cracow Tenement Package	2021 Ore Reserve Cracow Tenement Package	2021 Ore Reserve Cracow Tenement Package
	June 2021
	Tonnes	(kt)	Au (g/t)	Au (koz)
		CRACOW
Proved	172		4.9	27
Probable	519		3.8	63
TOTAL	690		4.1	90

Notes:

(1) Discrepancy in summation may occur due to rounding.
(2) Cut-off grades vary between deposits and are selected based on economic analysis. They are not a breakeven cut-off.
(3) Mineral Resources are quoted as INCLUSIVE of the Ore Reserves Estimate.
(4) All Mineral Resource that is available for conversion to Ore Reserve has been evaluated and is included in the Ore Reserve estimate where it meets economic and other criteria. Ore Reserve annual update as announced on ASX 3 August 2021.

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Aeris – Annual General Meeting 2021

Competent Persons statement

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Competent Person’s Statement – Mineral Resource

Mr Cox confirms that he is the Competent Person for all the Mineral Resource estimates summarised in this Report and he has read and understood the requirements of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Mr Cox is a Competent Person as defined by the JORC Code, 2012 Edition, having relevant experience to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Cox is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM No. 220544). Mr Cox has reviewed the Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Mr Cox is a full time employee of Aeris Resources Limited.

Mr Cox has disclosed to the reporting company the full nature of the relationship between himself and the company, including any issue that could be perceived by investors as a conflict of interest. Specifically, Mr Cox is entitled to 1,836,725 Performance Rights issued under the Company’s equity incentive plan (details of which were contained in the Notice of Annual General Meeting dated 20 October 2020). The vesting of these Performance Rights is subject to certain performance and employment criteria being met.

Competent Person’s Statement – Ore Reserve

Mr Ian Sheppard confirms that he is the Competent Person for all the Ore Reserve estimates summarised in this Report and Mr Sheppard has read and understood the requirements of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Mr Sheppard is a Competent Person as defined by the JORC Code, 2012 Edition, having relevant experience to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Sheppard is a Member of The Australasian Institute of Mining and Metallurgy, No. 105998. Mr Sheppard has reviewed the Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Mr Sheppard is a full time employee of Aeris Resources Limited.

Mr Sheppard has disclosed to the reporting company the full nature of the relationship between himself and the company, including any issue that could be perceived by investors as a conflict of interest. Specifically, Mr Sheppard holds 12,118,137 shares in Aeris Resources Limited and is also entitled to 5,102,015 Performance Rights issued under the Company’s equity incentive plan (details of which were contained in the Notice of Annual General Meeting dated 20 October 2020). The vesting of these Performance Rights is subject to certain performance and employment criteria being met.

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AI assistant

AERIS RESOURCES LIMITED — AGM Information 2021

64347_rns_2021-11-24_9b2f99dc-7934-44c4-a771-745473811d59.pdf

Annual General Meeting

Important notice and disclaimer

Aeris – Annual General Meeting 2021

Market information

FY21 Highlights

Our Sustainability Approach

Aeris – Annual General Meeting 2021

Tritton Copper Operations A consistent producer with upside

Aeris – Annual General Meeting 2021

Known deposits – conceptual development plans

Aeris – Annual General Meeting 2021

Mine Life Extension Projects - Budgerygar

Mine Life Extension Projects - Avoca Tank Development

Mine Life Extension Projects - Avoca Tank Mine Development

Aeris – Annual General Meeting 2021

Tritton Copper Operations – there’s more copper to be found, $15 million exploration budget for FY22

Aeris – Annual General Meeting 2021

Tritton Copper Operations Greenfields Exploration Activities

Constellation

Avoca Tank

Aerial EM Program

Greenfields Drilling Program

Aeris – Annual General Meeting 2021

Tritton Copper Operations – Constellation Deposit

Spectacular results

Aeris – Annual General Meeting 2021

Tritton Copper Operations Constellation Deposit

Aeris – Annual General Meeting 2021

Cracow Gold Operations A highly cash flow generative mine that has transformed the Company

Near Mine

New Spaces

Resource updates

Cracow Gold Operations Exploration of near mine target areas

Cracow Gold Operations Exploring in new spaces – looking for the next big discovery

Prospectivity review completed. Revision of priority targets.

● Cracow South-West

● Ballymore

● Boughyard

M&A remains a focus

Summary

Tritton guidance 21-22kt Cu @ AISC between $4.10/lb and $4.45/lb

Cracow guidance 67-71koz @ AISC between $1,550/oz and $1,600/oz

Thank you

Appendix A: Mineral Resource and Ore Reserve statements

Aeris – Annual General Meeting 2021

Tritton – Mineral Resource - June 2021 Tritton Tenement Package

Aeris – Annual General Meeting 2021

Tritton – Ore Reserve

- 2021 Tritton Tenement Package

Aeris – Annual General Meeting 2021

Cracow – Mineral Resource and Ore Reserve

2021 Mineral Resource Cracow Tenement Package

Aeris – Annual General Meeting 2021

Competent Persons statement

Competent Person’s Statement – Mineral Resource

Competent Person’s Statement – Ore Reserve

More from AERIS RESOURCES LIMITED

AERIS RESOURCES LIMITED AGM Information 2021