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Aeris RESOURCES Quarterly Activities Report For the period ended 31 December 2020 About Aeris Resources Aeris Resources Limited ( ASX : AIS ) is a diversified mining and exploration company . The Company has a growing portfolio of copper and gold operations , development projects and exploration prospects . Aeris has a clear vision to become a mid - tier mining company with a focus on gold and base metals delivering shareholder value . DECEMBER QUARTER HIGHLIGHTS TRITTON COPPER OPERATIONS : • Copper production of 5,845 tonnes @ AISC of A $ 2.85 / lb New discovery - Constellation deposit ■ ■ ■ and ■ Aeris ' Board and management team bring decades of corporate technical expertise into a lean corporate structure . Its leadership has a shared , and highly disciplined focus on operational excellence , and an enduring commitment to building strong partnerships with the Company's workforces and key stakeholders . Headquartered in Brisbane , Aeris operates the Tritton Copper Operations ( Tritton ) in New South Wales , and the Cracow Gold Operations ( Cracow ) in Queensland . In FY21 Aeris is targeting copper production at Tritton of between 23,500 tonnes and 24,500 tonnes and gold production at Cracow of between 70,000 ounces to 75,000 ounces . Contacts : Andre Labuschagne Executive Chairman Suite 22 , Level 2 HQ South Tower 520 Wickham Street Fortitude Valley , Brisbane QLD 4006 T +61 7 3034 6200 F +61 7 3034 6290 ■ TAKD001 19.95m @ 2.41 % Cu , 0.64g / t Au , 4.6g / t Ag from 197.20m TAKD002 3.55m @ 22.56 % Cu , 2.57g / t Au , 16.1g / t Ag from 209.60m TAKD003 27.10m @ 1.61 % Cu , 0.43g / t Au , 3.4g / t Ag from 233.90m Three EM plates identified Approval received for a further 25 drill holes Development of the exploration access drive from Tritton to Budgerygar progressing CRACOW GOLD OPERATIONS : . Gold production of 18,011 ounces @ AISC of A $ 1,567 / oz • Updated Mineral Resource for Roses Pride : • 260 % increase in gold ounces to 26koz ■ Total reported Mineral Resource of 177kt @ 4.6g / t Au . Two diamond drill rigs mobilised for near - mine underground exploration CORPORATE : • Cash and receivables of $ 59.3m • Net debt of A $ 10.9m • Sale of Yandan gold exploration project FY21 GUIDANCE : • Tritton copper production of 23.5kt to 24.5kt @ AISC between A $ 3.60 / lb and A $ 3.75 / lb • Cracow gold production of 70koz to 75koz @ AISC between A $ 1,525 / oz and A $ 1,575 / oz info@aerisresources.com.au www.aerisresources.com.au Aeris Resources Limited ABN 30 147 131 977 Level 2 , HQ South Tower , 520 Wickham Street , Fortitude Valley , Brisbane QLD 4006 Australia Post : Box 14 , 520 Wickham Street , Fortitude Valley , Brisbane , QLD 4006 Australia +61 7 3034 6290 E : info@aerisresources.com.au +61 7 3034 6200