Aura Energy (AEE) Q3 2025 TU earnings summary

Executive summary

• Advanced development of the Tiris Uranium Project in Mauritania, targeting uranium production by early CY2027.

• Progressed licensing for the Häggån Polymetallic Project in Sweden, with a Swedish government inquiry recommending lifting the uranium mining ban.

• Strengthened project team with key appointments and advanced engineering, procurement, and planning activities.

Financial highlights

• Cash balance at 31 March 2025 was A$16.2 million, sufficient for 3.8 quarters at current expenditure rates.

• Major cash outflows for the quarter: A$2.7 million in exploration and evaluation, A$1.0 million in administration, and A$0.5 million in staff costs.

• Net cash used in operating activities for the quarter was A$1.5 million; net cash used in investing activities was A$2.8 million.

• Year-to-date net cash from financing activities was A$12.3 million, mainly from equity issuance.

Outlook and guidance

• Planned activities for the June 2025 quarter at Tiris include securing project development funding, advancing offtake negotiations, and commencing early works.

• Häggån activities will focus on supporting the exploitation permit application.

• Legislative proposal to lift Sweden’s uranium mining ban expected to be considered in January 2026.