Aeris Resources (ASX:AIS) Announces Q2 FY25 Results

Financial Performance

Aeris Resources closed Q2 FY25 with cash and receivables of $33.0 million. Cash flow from operations increased from $25.4 million to $33.2 million quarter-on-quarter. The company’s debt position remained unchanged at $40 million, and the ANZ facility was renewed until July 2025 to support refinancing and strategic initiatives.

Operational Highlights

The group achieved a consistent copper equivalent production of 10.2kt with reduced all-in sustaining costs (AISC) of A$4.93 per lb Cu equivalent. Cracow Operations produced 12.2koz of gold, surpassing plans and remaining on track for annual guidance. Tritton Operations experienced lower copper production of 3.9kt due to operational challenges, which have since been addressed, ensuring the operation meets annual targets. Mt Colin Mine significantly improved production, delivering 1.9kt Cu at an AISC of A$2.84 per lb.

Project Updates

The Jaguar restart scenario was presented to the Board, showing attractive metrics and advancing studies to the feasibility level. Constellation completed a 70-hole resource definition drilling program, with an updated Mineral Resource Estimate expected in the March quarter. Additionally, the Stockman Project is progressing with detailed metallurgical flotation tests and engineering designs underway to integrate a modified flotation plant at the mine site.

Future Outlook

Aeris Resources is focused on improving production from Tritton, commencing the Murrawombie pit cutback, and maintaining strong cash flow from Cracow. The company is also processing final stockpiles at Mt Colin, reviewing divestment options for North Queensland assets, and advancing the feasibility study for Jaguar.

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Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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