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Earths Energy Limited (ASX:EE1)

ALERT: Price-sensitive ASX Announcement for EE1
Current share price for EE1 : $0.005 -0.003 (-37.50%)+
Announcement
Release
22 Oct 2025 8:16AM
Price at Release
$0.008
Full Release
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Summary
Earth's Energy Limited (EE1) released its September Quarterly Activities Report, highlighting operations related to its geothermal assets in South Australia and Queensland. The company holds an 84% interest in various geothermal exploration licenses, including the Paralana and Flinders West Projects. During the quarter, an independent assessment by BDO Corporate Finance advised against further exploration and development expenditure due to insufficient investor engagement and potential capital depletion. Consequently, EE1 plans to maintain its assets in good standing while seeking new resource projects to enhance shareholder value. The cash balance as of 30 September 2025 was $2.9 million, with $137,000 spent on evaluation and exploration.
Key Points
  • EE1 holds 84% interest in Paralana and Flinders West geothermal projects.
  • Independent assessment advised against continued exploration expenditure.
  • Cash balance at 30 September 2025 was $2.9 million.
  • Evaluation and exploration expenditure for the quarter was $137,000.
  • EE1 is seeking new projects to enhance shareholder value.
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.