Aeris Capital Raising Details

Risk Factors (cont.) Employees We are Aeris The ability of the Company to achieve its objectives depends on being able to retain certain key employees, skilled operators and tradespeople. Whilst the Company has entered into employment contracts with key employees, the retention of their services cannot be guaranteed. The loss of key employees or skilled operators and tradespeople could significantly affect the performance of Aeris' operations and materially impact its business, financial position and performance. Labour disputes could also lead to lost production and/or increased costs. In particular, prior to the Acquisition ROM experienced a sustained period of high employee turnover as a result of the competitiveness of the labour market and recent travel restrictions, and Aeris identified that access to skilled labour is limited for its Tritton Copper Operations. If Aeris is unable to successfully employ a consistent workforce it may result in operation inefficiencies which may have a material impact on Aeris' business, financial position and performance. Additional requirements for capital The Company's capital requirements depend on numerous factors. Depending on such factors as: the continuation of receipt of operating revenue from its operations; the outcome of the Company's exploration programs; and the availability of third party debt and contingent instrument finance; the Company may require further financing in addition to amounts raised under this Offer Document. Any additional equity financing may dilute shareholdings, and any additional debt financing (if available) may involve restrictions on financing and operating activities. If the Company is unable to obtain additional financing as needed, it may be required to reduce the scope of its operations and scale back its exploration programs. There is no guarantee that the Company will be able to secure any additional funding or be able to secure funding on terms favourable to the Company and such circumstances will adversely affect the Company. Contractors The Company is dependent on contractors and suppliers to supply vital services to its operations. The Company is therefore exposed to the possibility of adverse developments in the business environments of its contractors and suppliers. Any disruption to services or supply may have an adverse effect on the financial performance of the Company. Environmental risks The Company's projects are subject to laws and regulations in relation to environmental matters. As a result, there is the risk that the Company may incur liability under these laws and regulations. The Company proposes to comply with applicable laws and regulations and conduct its programs in a responsible manner with regard to the environment. 43

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