Aeris Resources Ltd. has released its production and cost guidance for FY27, outlining a capital-intensive year focused on project development and resource expansion.
Group production for fiscal 2027 is forecast to remain broadly in line with fiscal 2026 results. Aeris expects to produce 22 to 27 kilotonnes (kt) of copper, 42 to 51 thousand ounces (koz) of gold, and 130 to 160 koz of silver. On a copper equivalent basis, group output is targeted at 37 to 46 kt, compared to 42 kt achieved in FY26.
Group mine operation costs are estimated between AU$320 million and AU$390 million, while corporate expenses are budgeted at AU$24 million to AU$29 million.
Care and maintenance expenditure at the Jaguar operation in Western Australia will drop significantly to AU$3 million to AU$4 million, down from AU$12 million in 2026, supporting essential activities only.
To position the business for its next growth phase, Aeris is substantially increasing its capital deployment. Growth and project capital is set at AU$170 million to AU$210 million, up from AU $102 million in the previous year.
The majority of this investment will fund infrastructure and waste stripping at the Constellation open pit, part of the Tritton operations in New South Wales, alongside AU$10 million to AU$20 million earmarked for a tailings dam lift, electrical works, and Mallee Bull studies.
Production will be heavily weighted towards the second half. During the first half, ore will be sourced from lower-grade deposits, generating around 10 kt of copper at 1.2 per cent grade.
Waste stripping at Constellation will commence in the first quarter, delivering first sulphide ore by late third quarter. By the fourth quarter, high-grade supergene and primary ore from Constellation will supply roughly 45 per cent of mill feed, lifting H2 copper output to approximately 15 kt at 1.8 per cent grade.
At the Cracow gold operation in Queensland, gold output is guided at 34 to 41 koz. Aeris will boost Cracow exploration spend by over 50 per cent to AU$12 million to AU$15 million to target mine life extensions at Golden Plateau and the Western Vein Field. Overall group exploration expenditure will total AU$29 million to AU$35 million.
