Alligator Energy (AGE) Q1 2027 TU earnings summary

Executive summary

• Strong quarter of exploration delivery: Mullaquana drilling extended Samphire mineralisation to ~1.3 km south of prior drilling; recovery trial results support Feasibility Study engineering.

• $18.7m cash inflows and quarter-end cash of $25.4m strengthen funding for Samphire resource growth, permitting and study work.

Financial highlights

• Net operating cash outflow was $0.854m; exploration and evaluation spending was $4.940m.

• Cash and cash equivalents rose from $12.934m to $25.435m during the quarter.

• Cash inflows included $15.9m net from the equity raising, $1.75m final NT asset-sale proceeds and $1.05m in R&D tax refunds.

Outlook and guidance

• Samphire drilling is planned through late December 2026; results are intended for the planned Mineral Resource update in Q4 FY2027.

• Feasibility Study design criteria and wellfield planning are incorporating Field Recovery Trial results; detailed mine planning is supported by Blackbush delineation drilling.

• Big Lake results from the final 33 holes of the 2026 program were expected in November 2026; further Site 10 and central EL6367 drilling is planned.