Energy Resources of Australia Ltd (ASX: ERA) has received an interim order from the Federal Court of Australia stating the decision to refuse the Jabiluka Mineral Lease renewal. This decision and its enforcement are now on hold pending further court orders. The matter will proceed to a case management hearing on 19 August 2024, where a timetable for ERA’s case will be set. Until then, the Jabiluka Mineral Lease remains valid. ERA will keep shareholders updated on its continuous disclosure obligations.
The Jabiluka Mineral Lease is significant to ERA’s operations, and the court’s decision temporarily halts any immediate impact from the refusal. ERA remains committed to maintaining open communication with shareholders as the legal proceedings advance.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.