Aeris Annual Report 2022

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NAME, EXPERIENCE AND OTHER DIRECTORSHIPS SPECIAL RESPONSIBILITIES APPOINTED / RESIGNED Colin Moorhead – Independent Non-Executive Director Mr Moorhead is an experienced industry executive with a demonstrated track record over three decades of building value in mining companies through innovation, discovery, project development and safe, efficient operations. A geologist by training, Mr Moorhead is also known for strong leadership, strategy and execution. Mr Moorhead’s career has involved both operational and corporate executive responsibilities including global responsibility for exploration and resource development at Newcrest Mining and CEO of PT Merdeka Copper Gold (IDX:MDKA), where he built and led the team that constructed and commissioned the highly successful Tujuh Bukit Gold Mine. Colin is also currently Non-Executive Chairman of Xanadu Mines (ASX:XAM), Executive Chairman of Sihayo Gold Limited (ASX:SIH) and Non-Executive Chairman of Coda Minerals. Chairman of the Remuneration Committee effective 1 July 2022 and Member of Audit Committee and Risk and Sustainability Committee Appointed 27 Jul 2020 Former directorships in the past 3 years (ASX listed entities): Finders Resources Limited. Sylvia Wiggins – Independent Non-Executive Director Ms Wiggins is a globally experienced senior executive and investment banker with a demonstrated track record over 25 years in public markets, with a focus on finance, strategy and risk. Ms Wiggins has been the CEO and CFO of public listed entities, with her most recent role as Executive Director – Finance & Commercial at ASX listed renewable energy company Infigen Energy, prior to its takeover. As an executive, Ms Wiggins has been a part of the leadership teams transforming businesses from the strategic, operating and capital structure perspectives to both preserve and create shareholder value. Ms Wiggins is a member of the Independent Assurance Review Board for the Department of Defence. Chairman of the Risk and Sustainability Committee and Member of Audit Committee Appointed 18 Oct 2021 Other current directorships (ASX listed entities): None Former directorships in the past 3 years (ASX listed entities): None AERIS ANNUAL REPORT 2022 40
NAME, EXPERIENCE AND OTHER DIRECTORSHIPS SPECIAL RESPONSIBILITIES APPOINTED / RESIGNED Alastair Morrison – Independent Non-Executive Director Mr Morrison is a highly experienced international banker. Mr Morrison has worked in private equity for over 30 years in the UK and Asia and has broad experience in growing companies across a range of industrial sectors. He was a founding Managing Director of Standard Chartered Private Equity. He was with Standard Chartered Bank from April 2002 until March 2014. Prior to joining Standard Chartered Bank, he spent 20 years at 3i Group, the leading European private equity house, where he was Director for 3i Asia Pacific. He co-founded 3i’s Asia Pacific operations in 1997, having previously run an investment team in London focusing on buy-outs and expansion financing. Mr Morrison has investment experience across a wide range of industries in Europe and Asia. He holds an M.A. degree in Politics, Philosophy and Economics and M.Phil degree in Management Studies from Oxford University. Member of Audit Committee and Remuneration Committee Appointed 10 Dec 2010 Resigned 25 Nov 2021 Other current directorships (ASX listed entities): None Former directorships in the past 3 years (ASX listed entities): None Robert Millner – Non-Executive Director Mr Millner is the Chairman of Australian investment house Washington H Soul Pattinson Ltd. Mr Millner has extensive experience in the investment industry, including current board positions with Brickworks Limited (ASX:BKW), BKI Investment Co Ltd, New Hope Corporation Limited (ASX:NHC), Tuas Limited (ASX: TUA), and TPG Telecom Ltd (ASX:TPG) Appointed 1 Jul 2022 COMPANY SECRETARIES Robert Brainsbury Mr Brainsbury is an experienced financial executive and has held senior operational and finance roles with several blue chip industrial and resources companies including Norton Gold Fields, MIM Holdings Limited, Xstrata, Rio Tinto and BIS Industrial Logistics. Mr Brainsbury is a qualified Accountant and holds a Bachelor of Business degree with majors in Accounting and Marketing. Dane van Heerden CA Ms van Heerden is a qualified Chartered Accountant, with over 20 years’ experience in both Australia and abroad. ADVANCING AERIS 41
Page 1 and 2: Advancing Aeris 2022 Annual Report
Page 3 and 4: Contents 2022 HIGHLIGHTS IV EXECUTI
Page 5 and 6: Executive Chairman’s Letter To ou
Page 7 and 8: SECTION 1: FINANCIAL RESULTS During
Page 9 and 10: COVID-19 IMPACT The global COVID-19
Page 11 and 12: AVOCA TANK DEVELOPMENT The Avoca Ta
Page 13 and 14: EXPLORATION In FY2022, $13.5 millio
Page 15 and 16: MINERAL RESOURCE FOR THE CONSTELLAT
Page 17 and 18: CRACOW GOLD OPERATIONS The Cracow G
Page 19 and 20: SOUTHERN VEIN FIELD EXPLORATION Lim
Page 21 and 22: ADVANCING AERIS 17
Page 23 and 24: Jaguar Locations Map ADVANCING AERI
Page 25 and 26: STOCKMAN PROJECT The Stockman Proje
Page 27 and 28: ADVANCING AERIS 23
Page 29 and 30: MINERAL RESOURCE ESTIMATES The 2022
Page 31 and 32: SUMMARY OF COMPETENT PERSONS FOR 20
Page 33 and 34: WHAT DOES SUSTAINABILITY MEAN TO AE
Page 35 and 36: MINIMAL FOOTPRINT DESIGN Aeris has
Page 37 and 38: CARBON AND CLIMATE CHANGE Objective
Page 39 and 40: TRADITIONAL CUSTODIANS We acknowled
Page 41 and 42: INJURY RATES The total recordable i
Page 43: The Directors present their report,
Page 47 and 48: SIGNIFICANT CHANGES IN THE STATE OF
Page 49 and 50: EXPLORATION The Tritton tenement pa
Page 51 and 52: EXPLORATION Since Aeris took owners
Page 53 and 54: FINANCIAL REVIEW During the financi
Page 55 and 56: MATERIAL BUSINESS RISKS Aeris prepa
Page 57 and 58: OPERATIONAL AND COST RISK The Compa
Page 59 and 60: SIGNIFICANT EVENTS AFTER THE BALANC
Page 61 and 62: NON-AUDIT SERVICES The Company may
Page 63 and 64: The Directors are pleased to presen
Page 65 and 66: REMUNERATION FRAMEWORK EXECUTIVE RE
Page 67 and 68: LONG TERM INCENTIVES (LTI) Previous
Page 69 and 70: Vesting Share price The number of P
Page 71 and 72: COMPANY PERFORMANCE AND REMUNERATIO
Page 73 and 74: DETAILS OF REMUNERATION Details of
Page 75 and 76: SHARE-BASED COMPENSATION Details of
Page 77 and 78: The Remuneration Committee consider
Page 79 and 80: Auditor’s Independence Declaratio
Page 81 and 82: Aeris Resources Limited Contents 30
Page 83 and 84: Aeris Resources Limited Consolidate
Page 85 and 86: Aeris Resources Limited Consolidate
Page 87 and 88: Aeris Resources Limited Notes to th
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Aeris Resources Limited Notes to th
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Independent auditor’s report To t
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● Due to fluctuations in profit,
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Other information The directors are
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ADVANCING AERIS 135
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HOLDING DISTRIBUTION HOLDINGS RANGE
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ADVANCING AERIS 139
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GLOSSARY $ or A$ Australian dollar
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DIRECTORS ANDRE LABUSCHAGNE ROBERT
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Aeris Annual Report 2022

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