Aurora Energy Metals (1AE) Q4 2026 TU earnings summary

Executive summary

• Advanced the Aurora Uranium Project (AUP) with drill permits lodged, drilling contractor secured, and environmental baseline studies commenced under Eagle Nuclear Energy Corp.

• Eagle's 47-hole, ~27,000 ft drill program is set to begin soon, supporting a Pre-Feasibility Study (PFS) and potential milestone payments up to US$10 million.

• Expanded Western Australia (WA) tenement portfolio with two new exploration licence applications for the Mukinbudin IOCG-REE Project.

• Directors acquired over 1 million shares on-market during the quarter, signaling confidence in the company’s strategy.

Financial highlights

• Cash and listed investments totaled approximately A$15.1 million (~A$0.084 per share) as of the report date.

• Aurora’s market capitalization (A$8.4 million) trades at a 44% discount to the see-through value of its Eagle shareholding and cash.

• Cash position at 30 June 2026 was A$1.1 million, with no debt.

• Net cash used in operating activities for the quarter was A$182,000; net cash used in investing activities was A$38,000.

• Estimated quarters of funding available is 5, based on current cash and outgoings.

Outlook and guidance

• The AUP drill program is a key step toward PFS completion, targeted for the second half of 2027.

• Milestone payments of up to US$10 million are contingent on resource upgrades and a positive PFS.

• Continued assessment of complementary opportunities to enhance the WA exploration portfolio.