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    ERA   AU000000ERA9

ENERGY RESOURCES OF AUSTRALIA LTD

(ERA)
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Energy Resources of Australia : ERA congratulates Mirarr Traditional Owners on Jabiru land grant and execution of S19A township lease

06/28/2021 | 05:39am EDT

Energy Resources of Australia Ltd (ERA) today extends its congratulations to the Mirarr Traditional Owners on the successful grant of land and execution of the Section 19A township lease for Jabiru.

ERA shares the vision of the Mirarr Traditional Owners that, from its origin as a town to support mining in the region, Jabiru has a bright future with Aboriginal ownership, participation, and culture at its heart.

ERA is honoured to be part of the local community with our employees and their families continuing to reside in Jabiru.

ERA Chief Executive Mr Paul Arnold said: 'Today is the celebration of a significant milestone and we extend our congratulations and best wishes to the Mirarr Traditional Owners on this grant of land and execution of the S19A lease.'

ERA is currently progressing a housing refurbishment program in Jabiru. ERA is committed to working with Gundjeihmi Aboriginal Corporation (GAC), Gundjeihmi Aboriginal Corporation Jabiru Town (GACJT), Jabiru Kabolkmakmen Ltd (JKL) and all other stakeholders in Jabiru to complete this program.

After 40 years of production, ERA's strategic priority and focus now is to successfully rehabilitate the Ranger Project Area to a standard that could be incorporated into the surrounding world heritage listed Kakadu National Park.

About Energy Resources of Australia Ltd

Energy Resources of Australia Ltd (ERA) is one of the nation's largest uranium oxide producers and operated the Ranger mine, Australia's longest continually operating uranium mine. The operations of ERA are located on Aboriginal land and surrounded by, but separate from, Kakadu National Park. ERA respectfully acknowledges the Mirarr, Traditional Custodians of the land on which the Ranger mine is situated.

Together, ERA provides clean energy to the world and cares for people and country. ERA has an excellent track record of reliably supplying customers. Uranium has been mined at Ranger for almost forty years. During that time, Ranger has produced in excess of 132,000 tonnes of uranium oxide. ERA's Ranger mine (100%) is located eight kilometres east of Jabiru and 260 kilometres east of Darwin, in Australia's Northern Territory.

ERA also holds title to the Jabiluka Mineral Lease (100%). ERA is a major employer in the Northern Territory and the Alligator Rivers Region.

Contact:

Alan Tietzel

Tel: +61 (0) 8 8924 3571

Email: Alan.Tietzel@era.riotinto.com

Web: www.energyres.com.au

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 255 M 186 M 186 M
Net income 2020 11,5 M 8,38 M 8,38 M
Net cash 2020 203 M 148 M 148 M
P/E ratio 2020 92,3x
Yield 2020 -
Capitalization 1 790 M 1 304 M 1 309 M
EV / Sales 2019 -0,50x
EV / Sales 2020 3,98x
Nbr of Employees 317
Free-Float 13,4%
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Managers and Directors
Paul Arnold Chief Executive Officer, MD & Director
Richard Prest Chief Financial Officer
Peter John Mansell Chairman
Shane Charles Independent Non-Executive Director
Paul John Dowd Independent Non-Executive Director
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