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ERA Energy Resources of Australia Ltd Head office Level 3 , Energy House , 18-20 Cavenagh St , Darwin NT 0800 GPO Box 2394 , Darwin NT 0801 , Australia T +61 8 8924 3500 F +61 8 8924 3555 Ranger mine Locked Bag 1 , Jabiru NT 0886 Australia T +61 8 8938 1211 F +61 8 8938 1203 ABN 71 008 550 865 A member of the Rio Tinto Group www.energyres.com.au ASX Announcement 7 April 2021 • • • • . March 2021 Quarter Operations Review ( unaudited ) Energy Resources of Australia Ltd ( ERA ) produced 34 tonnes of uranium oxide in the March 2021 quarter . Processing operations ceased on 8 January 2021 , as required by the Ranger Authority . ERA will continue to sell down its stocks of uranium oxide , with expected contract sales of 1.37 million pounds in 2021 , with the balance of inventories progressively sold into the spot market . Post the cessation of processing , ERA's focus is on the progressive rehabilitation activities on the Ranger Project Area . Key rehabilitation activities during the quarter included the completion of the bulk dredging works at the Tailings Storage Facility ( TSF ) in addition to continued water treatment including the completion of the Brine Concentrator upgrade project and revegetation activities with first plantings undertaken at Pit 1 . Ore milled ( ' 000 tonnes ) Mill head grade ( % uranium oxide ) Mill recovery ( % ) Production - tonnes - - 000 lbs Q1 21 vs Q1 20 vs Q4 20 23 -96 % -96 % 0.07 86.1 % -1 % -1 % uranium oxide 34 75 -92 % -91 % ERA produced 34 tonnes of uranium oxide in the March 2021 quarter compared to 390 tonnes in the December 2020 quarter . Production at the Ranger Mine ceased , in accordance with the Ranger Authority on 8 January 2021. This concluded processing activities on the Ranger Project Area after 40 years of operation , totalling greater than 132,000 tonnes of drummed uranium and during which time more than $ 500 million of royalty payments have been made to governments and Indigenous interests .