• Rafael approvals, negotiations, and planning progressing as planned
• Ungani restart feasibility studies are being assessed, including a micro-refinery
• Mars prospect farm-out negotiations are underway
• Yulleroo, EPA recommendation for Valhalla gas field approval is a positive development
• Successful placement raises A$5.3 million

Buru Energy Ltd. reported on its activities during the June 2026 quarter, highlighting progress in the Rafael Gas Project, which aims to supply gas and liquid fuels to the Kimberley region. The company is working with Clean Energy Fuels Australia to develop the Rafael gas resource. Buru is also assessing the feasibility of restarting operations at the Ungani Oilfield, potentially including a micro-refinery. Negotiations for the Mars oil prospect farm-out are underway, and the company received a positive recommendation from the Environmental Protection Authority for the Valhalla Gas Exploration and Appraisal Program, which is crucial for the development of the Yulleroo gas resources. The company successfully raised A$5.3 million through a placement, supporting its funding activities.