The company rehabilitating old uranium mines near Kakadu National Park, Energy Resources of Australia, has fully impaired the controversial Jabiluka deposit and warned it will run out of cash by Christmas.

The $89.8 million impairment of Jabiluka brings ERA into line with the accounting treatment adopted by ERA’s 86 per cent shareholder Rio Tinto, which reduced the asset to nil value in February 2023 because native title holders oppose development.