Energy Resources of Australia (ERA) advises that it has re-established an Independent Board Committee, with membership comprising the three recently appointed independent non-executive directors, Mr. Richard Dennis, the Honourable Kenneth Wyatt AM and Mr. Stuart Glenn. Mr. Dennis was also appointed Independent Non-Executive Chair of ERA in January 2023. Following these appointments, ERA will resume discussions in relation to the Company's funding requirements.

Work has progressed on funding solutions, including work on a possible interim entitlement offer with a target launch in March 2023. An update will be provided to the market in the coming weeks. ERA has engaged Highbury Partnership as financial adviser and Herbert Smith Freehills as legal adviser to the Independent Board Committee and Ashurst as legal adviser to the Company.