Aeris Capital Raising Details

1. Overview 2023 a transformational but challenging year with the platform set for 2024 and beyond Ore mined Ore processed (kt) (kt) 2023 overview Integration of the Round Oak business and commissioning two new mines at Tritton Operational challenges at Tritton and Jaguar significantly impacted production and cash generation Washington H. Soul Pattinson ('WHSP') debt facility put in place in July to enable an orderly transition to care and maintenance of Jaguar and associated closure costs Extended periods between processing runs at Mt Colin and accelerated tailing storage facilities capital spend at Cracow has placed further stress on the balance sheet Mt Colin tolling typically requires 3-4 months of working capital¹ 120 80 ཙཾ Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 2024 onwards... We are Aeris $30 million equity raising reduces balance sheet risk and provides improved financial flexibility ✓ Equity raise supported by Aeris' largest shareholder, Washington H. Soul Pattinson FY24 guidance maintained from three operating mines (Tritton, Cracow and North Queensland) Significant copper inventory, valuable mine. extensions, development projects and exploration upside ✓ Seeking to unlock long term value from multiple. growth projects All mined tonnes are indicative and before stockpile survey adjustments. Ore stockpiles of 113kt at end of October 2023. 7

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