Aeris Resources Limited (AIS) has reported a robust conclusion to the 2026 financial year, driven by operational gains across its portfolio and a notable build-up in financial reserves. The company finished the year with cash and receivables totaling $202 million, marking a substantial increase from the $149.8 million reported at the end of the March 2026 quarter. This liquidity boost supported a full-year EBITDA of approximately $285 million, representing a 78% increase over the previous financial year.

Central to this performance was the Tritton project in New South Wales, which yielded 23.0kt of copper for the year. This output reflects a 19% increase compared to the FY25 production total. During the June quarter, Tritton miners increased ore extraction by 57% to keep the mill operating at its nameplate capacity of 1.8Mtpa. While unscheduled downtime at the mill and geotechnical challenges at the Murrawombie pit impacted some quarterly targets, the company maintained production within its annual guidance range.

Operating costs at Tritton rose during the June quarter to A$95.8 million, up from A$84.0 million in the previous quarter, reflecting heightened activity levels and increased development work. The company noted that a stockpile of 232kt of run-of-mine ore remains on site, with full processing of this material scheduled for FY27. Additionally, the operation saw a fourfold increase in Ore Reserves, providing a longer runway for future production.

The company has also turned its focus toward growth, having formally commenced early works at the Constellation Project following the recent grant of a mining lease. Field activities in the June quarter included the construction of a 29km services corridor, along with earthworks for site offices and water management infrastructure. Further progression of site construction and infrastructure development is anticipated now that the tenure is secured, marking a key phase in the transition from exploration to development.

Beyond the core site activity, Aeris continued to streamline its corporate footprint, finalizing the acquisition of Peel Mining on 1 July 2026. This move accompanies a rigorous year of operational management, during which the team handled various safety incidents while maintaining environmental compliance. The combination of increased year-on-year copper output, a strengthened balance sheet, and the advancement of new project infrastructure positions the company for its next cycle of operations in the new financial year.

Looking forward, investors will be monitoring the integration of the newly acquired assets and the conversion of the substantial stockpiled ore at Tritton into revenue. With the Constellation Project moving into an active construction phase, the company’s capital allocation strategy remains focused on bridging the gap between historical resource definitions and active mine production. The combination of these factors underscores a year defined by operational scaling and significant structural preparation for the upcoming production periods, setting a clear operational baseline for the year ahead as the company shifts focus toward capitalizing on its expanded reserve base and infrastructure investment.

Read the full announcement: Quarterly Activities Report - June 2026