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Aeris RESOURCES Quarterly Activities Report For the period ended 31 March 2021 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 . Aeris ' Board and management team bring decades of corporate and 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 22,500 tonnes and 23,500 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 info@aerisresources.com.au www.aerisresources.com.au MARCH QUARTER HIGHLIGHTS CRACOW GOLD OPERATIONS : • Gold production of 15,548 ounces @ AISC of A $ 1,557 / oz • Roses Pride Mineral Resource upgrade - 260 % increase in gold ounces • Klondyke - Royal Mineral Resource upgrade - 324 % increase in gold ounces TRITTON COPPER OPERATIONS : • Copper production of 5,270 tonnes @ AISC of A $ 4.00 / lb • Constellation deposit continues to grow . Significant assay results include : ■ ■ ■ TAKD006 -5.85m @ 4.60 % Cu , 0.96g / t Au , 8.4g / t Ag from 200.10m TAKD010-24.6m @ 1.45 % Cu , 0.49g / t Au , 3.0g / t Ag from 297m Approval received for 60 RC drill holes , which will focus on EM plates around TAKD002 • Budgerygar exploration decline completed and resource drilling program commenced CORPORATE : • Cash and receivables of A $ 55.8m • Net debt of positive A $ 0.2m • Further copper hedging undertaken FY21 GUIDANCE : • Cracow gold production of 70koz to 75koz @ AISC between A $ 1,525 / oz and A $ 1,575 / oz • Tritton copper production revised down to between 22.5kt and 23.5kt @ AISC between A $ 3.60 / lb and A $ 3.75 / lb 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 E : info@aerisresources.com.au +61 7 3034 6200 +61 7 3034 6290