Aurora Energy Metals (1AE) Q1 2027 TU earnings summary

Executive summary

• Eagle advanced the Aurora Uranium Project toward a PFS, with major operational contractors engaged and a ~27,000 ft, 47-hole drill program awaiting Oregon permit approvals.

• Cash and listed Eagle shares totaled A$16.5m at 30 September 2026; the implied see-through value was ~9.2 cents per share versus a 5.6-cent share price, a ~39% discount.

Financial highlights

• Cash at quarter-end was A$0.8m, with no debt; the Eagle shareholding was valued at A$15.7m at 30 September 2026.

• Net cash used in operating activities was A$242k and net cash used in investing activities was A$40k; cash declined from A$1.092m to A$808k.

Outlook and guidance

• Eagle targets PFS completion in H2 2027; drilling is scheduled to commence after permit approvals from Oregon state regulators.

• Aurora retains rights to up to US$10m in deferred equity consideration: up to US$5m tied to conversion of ≥40 Mlb U3O8 to S-K 1300 Measured and Indicated Resources, and US$5m for a positive PFS.