Alligator Energy (AGE) Q4 2025 TU earnings summary

Executive summary

• Achieved key regulatory milestones at Samphire, including Works Approval License for FRT construction and a 10% increase in Indicated Mineral Resource Estimate to 14.2 Mlbs U308.

• Big Lake exploration postponed due to flooding; revised drilling planned for Q4 2025 if conditions allow.

• Share placement raised $17.25M, strengthening the cash position to $30.1M at quarter end.

• Leadership transition with Andrea Marsland-Smith appointed CEO effective 1 July 2025.

Financial highlights

• Cash balance at 30 June 2025 was $30.1M, up from $16.8M in the previous quarter.

• $17.25M raised via share placement, issuing 556M new shares at $0.031 per share.

• Exploration and evaluation expenditure for the quarter totaled $1.97M.

• Net cash used in operating activities was $(0.55)M; net cash used in investing was $(2.29)M; net cash from financing was $16.19M.

• Estimated 10.6 quarters of funding available at current expenditure rates.

Outlook and guidance

• Awaiting final PEPR approval for Samphire FRT construction; construction start dependent on regulatory notification.

• Preparation underway for Samphire definitive feasibility study and contractor selection.

• Revised Big Lake drilling program planned for Q4 2025, subject to site access.

• Ongoing technical review and community engagement at Alligator Rivers; rehabilitation and environmental monitoring scheduled.

• Relinquishment of Piedmont project licenses underway due to limited market interest.