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Echelon Resources Limited (ASX:ECH)

ALERT: Price-sensitive ASX Announcement for ECH
Current share price for ECH : $0.355 -0.025 (-6.58%)+
Announcement
Release
29 Apr 2026 12:33PM
Price at Release
$0.380
Full Release
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Summary
For the quarter ending 31 March 2026, Echelon Resources Limited reported significant developments, including the divestment of its Cue shareholding and a new gas supply agreement in the Amadeus Basin. The company reduced its debt by A$6 million, facilitated by the upcoming sale of Cue shares. Operationally, Echelon experienced a 6.5% decrease in production volumes, impacting overall output, but managed to achieve a 30% increase in operating cash flows to A$12.1 million. Key projects in the Palm Valley and Mahato regions are progressing, with new drilling and development plans set for 2026. The company is strategically positioned to benefit from improved gas pricing and new contracts, aiming for sustained production and growth in the upcoming quarters.
Key Points
  • Cue shareholding divestment completed with Horizon
  • New Palm Valley JV gas supply agreement signed
  • Debt reduced by A$6 million in the quarter
  • 30% increase in operating cash flows
  • Production volumes decreased by 6.5%
  • Palm Valley and Mahato development progress
  • Gas production up 5% due to improved handling
  • Strategically positioned with new gas contracts
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.