Aura Energy (AEE) investor relations material

Executive summary

• Finalised the Tiris Uranium Project processing flowsheet, removing major technical uncertainty and enabling progress toward financing and pilot plant commissioning in Mauritania.

• Signed a non-binding MOU with a major international nuclear utility for potential equity investment, long-term offtake, and technical collaboration, with a binding agreement targeted by year-end.

• Advanced the Bankable Feasibility Study (BFS) for Tiris, with completion expected in September 2026 and a Final Investment Decision (FID) targeted by year-end.

• Swedish Parliament removed uranium mining from nuclear facility regulation, streamlining permitting for the Häggån project.

Financial highlights

• Held A$16.0 million in cash at 30 June 2026.

• Net cash outflows from operating activities were A$1.4 million; investing activities outflows were A$1.8 million for the quarter.

• Financing activities resulted in net cash outflows of A$55,000, mainly lease payments.

• Estimated 5.17 quarters of funding available based on current cash and expenditure rates.

Outlook and guidance

• BFS for Tiris to be completed in September 2026; pilot plant operations to commence in October 2026.

• FID on Tiris targeted by end of 2026; funding structure selection also expected by year-end.

• Häggån exploitation permit process ongoing, with regulatory changes in Sweden supporting uranium development.

• Net operating and exploration expenditure expected to increase in the September quarter due to pilot plant construction and BFS completion.