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Aeris RESOURCES About Aeris Resources Quarterly Activities Report For the period ended 30 September 2021 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 FY2022 , Aeris is targeting copper production at Tritton of between 21,000 tonnes and 22,000 tonnes and gold production at Cracow of between 67,000 ounces and 71,000 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 info@aerisresources.com.au www.aerisresources.com.au SEPTEMBER QUARTER HIGHLIGHTS CRACOW GOLD OPERATIONS : • Gold production of 14,691 ounces at AISC of A $ 1,951 / oz • New monthly milling throughput record achieved in August - 58,514 tonnes • Tailings Storage Facility No.2 commissioned in August TRITTON COPPER OPERATIONS : Copper production of 4,534 tonnes at AISC of A $ 4.73 / lb : - Lower copper production at Tritton COVID - 19 restrictions impacted on manning levels Historic high sea freight rates $ 50m being spent in FY22 to develop three new production sources : - Budgerygar resource in - fill drilling program continues Contract awarded for Avoca Tank decline development and work commenced mid- October Murrawombie pit design underway Constellation drilling program continues to provide exciting results : Strike extended to 300m Oxide , Supergene and Sulphide zones identified CORPORATE : • Remaining debt repaid - now debt free Cash and receivables of $ 75m FY22 GUIDANCE : Cracow gold production of 67koz to 71koz at AISC between A $ 1,550 / oz and A $ 1,600 / oz Tritton copper production guidance of 21kt to 22kt . AISC guidance revised to between A $ 4.10 / lb and A $ 4.45 / lb due to higher sea freight rates . 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 T : +61 7 3034 6200 F : +61 7 3034 6290 1