Aura Energy (AEE) Q1 2027 TU earnings summary

Executive summary

• Tiris advanced toward development, with construction of the pilot plant underway, the BFS released on 16 October, and project financing and FID targeted by year-end 2026.

• A new leadership team was appointed to take Tiris from study to construction; commissioning of the pilot plant is expected to start in November 2026.

Financial highlights

• Cash and cash equivalents were A$10.6m at 30 September 2026, down from A$16.0m at quarter start; estimated funding runway was 2.04 quarters.

• Net cash used in operating activities was A$2.562m and net cash used in investing activities was A$2.646m; financing activities used A$49,000, principally for lease liability payments.

• Quarter expenditure included A$2.6m on exploration and evaluation, A$1.9m on administration and corporate costs, and A$0.9m on staff costs.

Outlook and guidance

• Project financing and FID remain targeted by year-end 2026; December-quarter cash outflows are expected to remain similar, reflecting pilot plant commissioning and testing, BFS completion, and financing work.

• The 16 October BFS reported post-tax NPV of US$500.3m at an 8% real discount rate, 100% basis, ungeared, and a uranium price of US$90/lb U3O8.

• December-quarter priorities include commissioning and testing the pilot plant, execution planning, environmental monitoring, Mauritanian staff recruitment and training, and renewal of exploration permits expiring in December 2026.