• Pit 3 capping reforecast expected to extend schedule with potential cost increases
• Court approved compulsory acquisition, appeal pending
• ERA holds $295.8 million in cash, sold Cooper Creek JV interest
• Major stakeholders agreed to retain Jabiru Airport
• No exploration or evaluation expenditure in Q2 2026

Energy Resources of Australia Ltd (ERA) reported on its Q2 2026 activities, focusing on the Ranger project's rehabilitation. The Pit 3 capping reforecast is underway, expected to extend the schedule with potential cost increases. Legal proceedings regarding the compulsory acquisition by Rio Tinto are ongoing, with an appeal pending. ERA holds $295.8 million in cash and cash equivalents. The company sold its 50% interest in the Cooper Creek JV for A$648,000, pending government approval. Major stakeholders have agreed to retain Jabiru Airport, with ERA to continue operations until March 2027. No exploration or evaluation expenditure was incurred during the quarter.

ERA expects to complete the reforecast of Pit 3 capping during August 2026, with potential impacts on rehabilitation costs and schedules.