Aurora Labs : Quarterly Activities/Appendix 4C Cash Flow Report

ASX Announcement

CORPORATE DIRECTORY

Chairman

Aurora Labs Quarterly Report and Appendix 4C for Q3 FY22

GRANT MOONEY

Non-Executive Director MEL ASHTON

Highlights:

Non-Executive Director TERRY STINSON

• • Printing Demonstration Campaign launched to aerospace standards

  Non-Executive Director ASHLEY ZIMPEL

  CEO

• • Discussions progressing with prospective partners, Australian-based and overseas

  PETER SNOWSILL

• • Accelerating commercial print design, with contract resources added to engineering team

• • Industrial Print Service engagement commenced, with several serial production opportunities identified.

CONTACT DETAILS

41-43 Wittenberg DriveCanning Vale, WAAUSTRALIA [e-mail]. [phone]auroralabs3d.com

Aurora Labs Limited ("A3D" or "the Company") (ASX:A3D), wishes to provide its quarterly report to shareholders and appendix 4C for Q3 FY2022.

Print Demonstration Campaign

Announced during the Quarter, a print campaign to demonstrate system reliability, quality, and repeatability, has been launched and is underway.

ASX CODE: A3D ACN: 601 164 505

The project, overseen by The Barnes Global Advisors (TBGA), is closely linked to the Company's active commercialisation strategy and will demonstrate A3D technology's ability to repeatedly produce printed material that meets draft SAE International aerospace standards AMS7039 and AMS7032.

Upon successful completion, A3D will be one of the first additive equipment companies compliant to print metal parts to the targeted aerospace 3D printing standards once they are approved. Globally, A3D will be the first to achieve this status at 1500W laser power. The work will concurrently generate operational data that is expected to increase the Company's value proposition and significantly enhance prospects for commercial partnership agreements.

With the first builds completed and data collection commenced, the Company looks forward to completing the demonstration campaign in Q4 FY22 and sharing the results with prospective clients, partners and the wider AM community.

Aurora Labs Ltd	t.	[phone]	ACN: 601 164 505
41-43 Wittenberg Drive	e.	[e-mail]	ASX Code: A3D
Canning Vale, WA, AUSTRALIA 6151

Partnerships

A3D is actively engaged with several prospective partners across the advanced manufacturing landscape. The conversations are covered under Non-disclosure Agreements and technical information exchange sessions are underway. Potential partners fall into a range of categories, including Original Equipment Manufacturers (OEMs) in the Additive Manufacturing (AM) industry as well as companies capable of producing complex industrial machines with an interest in entering the AM sector.

Commercial Printer Design

During the Quarter, the Company added contract engineering resources to its technical team to progress the design for a commercial printer, combining A3D completed engineering design with details and recommendations from the TBGA technology assessment. The work being performed will confirm the preferred baseline configuration for a commercial printer, identify design requirements and incorporate new data from the Demonstration Campaign.

IP & Data Room

In anticipation of detailed commercial conversations, a digital data room is being established and will continue to be populated with new information. The recently announced Demonstration Print Campaign will provide prospective partners with additional data to complement A3D's existing Intellectual Property, for conducting due diligence investigations.

Printing Services

The team is concurrently developing industrial print services, with serial production opportunities identified. Initial prints for a new project with a large resource client have been completed in carbon Polyether Ether Ketone (PEEK) in A3D's newly installed and commissioned high temperature plastic printer, acquired to meet plastic printing demand from industrial customers. Several groups have visited A3D to learn more about the Company's industrial printing capabilities in various metal alloys and high-performance plastics. We look forward to updating the market on these opportunities as they develop.

Finance and Cash Position

There were no related party payments for the period other than the director fees paid from the approved pool of fees as approved by shareholders of $70,000.

As at 31 March 2022, the Company's cash at bank and on deposit was approximately $2.95 million.

Covid-19

As the Covid-19 situation in Western Australia develops, A3D remains committed to safety as its priority. The Company's pandemic policies echo Government advice and are updated regularly to adhere to new mandates and changing requirements.

Ends

Approved for release by the Company's Board of Directors.

For further information, please contact: Grant Mooney, Company Secretary [phone] or by [e-mail]

Aurora Labs Ltd	t.	[phone]	ACN: 601 164 505
41-43 Wittenberg Drive	e.	[e-mail]	ASX Code: A3D
Canning Vale, WA, AUSTRALIA 6151

ABOUT AURORA LABS

Aurora Labs Limited ("the Company"), an industrial technology and innovation company that specialises in the development of 3D metal printers, powders, digital parts and their associated intellectual property.

Aurora Labs is listed on the Australian Securities Exchange (ASX: A3D)

FORWARD LOOKING STATEMENTS

This announcement contains forward-looking statements which incorporate an element of uncertainty or risk, such as 'intends', 'may', 'could',

'believes', 'estimates', 'targets' or 'expects'. These statements are based on an evaluation of current economic and operating conditions, as well as assumptions regarding future events.

These events are, as at the date of this announcement, expected to take place, but there cannot be any guarantee that such events will occur as anticipated or at all given that many of the events are outside Aurora's control.

Accordingly, Aurora and the directors cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur. For further information, please contact:[e-mail]

Aurora Labs Ltd	t.	[phone]	ACN: 601 164 505
41-43 Wittenberg Drive	e.	[e-mail]	ASX Code: A3D
Canning Vale, WA, AUSTRALIA 6151

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Aurora Labs Limited (ASX: A3D)ABN

44 601 164 505

Quarter ended ("current quarter")

31 March 2022

Consolidated statement of cash flows	Current quarter $A'000	Year to date (9 months) $A'000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) research and development (b) product manufacturing and operating costs (c) advertising and marketing (d) leased assets (e) staff costs (f) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other (R&D refund) 1.9 Net cash from / (used in) operating activities	- (63) (3) - (43) (603) (261) (1) -	83 (102) (9) (5) (110) (1,650) (683) (3) 746
(974)	(1,733)

2.

Cash flows from investing activities

2.1

Payments to acquire or for:

• (a) entities

• (b) businesses

• (c) property, plant and equipment

• (d) investments

• (e) intellectual property

(2)

(51)

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current quarter $A'000	Year to date (9 months) $A'000
(f) other non-current assets 2.2 Proceeds from disposal of: (a) entities (b) businesses (c) property, plant and equipment (d) investments (e) intellectual property (f) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other 2.6 Net cash from / (used in) investing activities
(2)	(51)

3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) (See Note 1 below) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities	- -	3,595 (231)
-	3,364