Aeris Annual Report 2022

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NON-EXECUTIVE DIRECTOR REMUNERATION Fees and payments to Directors and Non-executive Directors reflect the demands which are made on, and the responsibilities of the Directors. The Board reviews Non-executive Directors’ fees and payments annually. The Executive Chairman is not present at any discussions relating to determination of his own remuneration. For FY2022, the Board did not pay additional fees to Directors or Non-executive Directors appointed to Committees, nor are fees paid to executives who are appointed to the Board of subsidiary or associated companies. However, this policy is under review for FY2023 and beyond. Non-executive Directors’ fees are determined within an aggregate Non-executive Directors’ fee pool limit, which is currently $700,000 per annum. Non-executive Directors are not eligible to participate in the Company’s incentive plans. For the financial year 2022, the non-executive director fee was $100,000 inclusive of statutory superannuation. In the prior year the Non-executive Director fee was $80,000 per annum inclusive of statutory superannuation. The non-executive directors’ fee has been benchmarked against its peers and considered in line with its peer group and from 1 July 2022 an additional fee of $20,000 will apply to Chair of the Board committees. AERIS ANNUAL REPORT 2022 66
COMPANY PERFORMANCE AND REMUNERATION OUTCOMES Aeris Resources’ remuneration framework aims to create a strong link between Company performance and executive reward in the short, medium and long term. The following table and graph presents a summary of Aeris Resources’ business performance as measure by a range of financial indicators: YEAR ENDED 30 JUNE 2022 $’000 2021 $’000 2020 $’000 2019 $’000 2018 $’000 Sales revenue 386,587 431,290 227,313 232,338 236,017 EBITDA 86,331 159,071 5,891 31,573 104,985 Profit/(loss) after income tax 6,010 61,240 (38,351) (12,673) 55,304 Cash from operating activities 93,000 169,650 30,238 35,626 50,518 Closing Share Price (cents) 6.7 19.5 3.3 6.6 14.1 AIS MONTHLY AVERAGE SHARE PRICE AND TRADING VOLUMES 0.25 600 Trading volume Average price 500 0.20 400 0.15 300 0.10 200 100 0.05 0 0.00 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Decl-20 Jan-21 Feb-21 Marl-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 (Average price and trading volumes are present pre-share consolidation (7:1), processed in July 2022) Nov-21 Dec-21 Jan-22 Feb-22 May-22 Apr-22 May-22 Jun-22 ADVANCING AERIS 67
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Advancing Aeris 2022 Annual Report
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Contents 2022 HIGHLIGHTS IV EXECUTI
Page 5 and 6:
Executive Chairman’s Letter To ou
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SECTION 1: FINANCIAL RESULTS During
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COVID-19 IMPACT The global COVID-19
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AVOCA TANK DEVELOPMENT The Avoca Ta
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EXPLORATION In FY2022, $13.5 millio
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MINERAL RESOURCE FOR THE CONSTELLAT
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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 and 44: The Directors present their report,
Page 45 and 46: NAME, EXPERIENCE AND OTHER DIRECTOR
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: Vesting Share price The number of P
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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