Aurora Energy Metals (1AE) H1 2025 earnings summary

Executive summary

• Entered an Option Agreement to sell the Aurora Uranium Project in Oregon, USA, to Eagle Energy Metals, retaining a 40% shareholding, milestone payments, and a 1% NSR royalty.

• Expanded Australian uranium exploration portfolio by securing an option over WA tenements with uranium anomalies.

• Focus remains on uranium exploration and maximizing shareholder returns through asset diversification.

Financial highlights

• Operating loss for the half-year ended 31 December 2024 was $548,590, down from $1,210,724 in the prior year.

• Loss from continuing operations was $367,261 (2023: $613,955); loss from discontinued operations was $181,329 (2023: $596,768).

• Basic and diluted loss per share was 0.31 cents (2023: 0.68 cents).

• Cash and cash equivalents at period end were $905,967, down from $1,595,171 at 30 June 2024.

• Net cash outflows from operating activities were $640,822 (2023: $980,113).

Outlook and guidance

• Will pursue completion of the Eagle Energy Metals transaction and advance exploration on WA tenements.

• Ongoing focus on maximizing shareholder returns through exploration and asset management.