General information, page-2

Talk of another CR at this stage, in my opinion, is a bit premature.

‘Successful capital raise of A$8.8 million (before costs) via an over-subscribed placement with funds to be used for the advancement of the fast-tracked 800 klb U3O8 per annum Tiris Uranium Project in Mauritania.’

‘The Placement provides sufficient funds for the Company to complete the proposed Resource Upgrade Programme at Tiris and complete the fast-track Tiris Uranium Project FEED study by Q1 2023.’

https://yourir.info/resources/bfd5913688119bfe/announcements/aee.asx/3A592339/AEE_Quarterly_Activities_Appendix_5B_Cash_Flow_Report.pdf

Cash (approximate)

~A$11.1 million (31 March ‘22)

https://yourir.info/resources/bfd5913688119bfe/announcements/aee.asx/3A593105/AEE_Investor_Presentation_RIU_Sydney_Resources_Round-Up.pdf?download=1

See page 25