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Macallum New Energy Limited (ASX:MNE)

ALERT: Price-sensitive ASX Announcement for MNE
Current share price for MNE : $0.125 -0.03 (-19.35%)+
Announcement
Release
9 Jun 2026 9:07AM
Price at Release
$0.155
Full Release
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Summary
Macallum New Energy Limited announced the successful completion of the Condor 2D seismic survey, part of their 2026 seismic acquisition program. The survey, covering 68.8km, is the first block-wide seismic survey in the company's 100% owned exploration permit EP-511 in the North Perth Basin, fulfilling the work commitment for permit year 3. This initiative, which incorporates the use of GeoPulse seismic sources for the first time in Western Australia, aims to provide a comprehensive view of the exploration potential in EP-511 and EP-494. The data will be processed by Velseis Processing Pty Ltd, with results expected in Q3 2026, followed by updates to the exploration portfolio, resource assessments, and drilling plans.
Key Points
  • Macallum New Energy has completed its 2026 seismic acquisition program.
  • 68.8km of new seismic data acquired over EP-511 and EP-494.
  • First block-wide seismic survey in EP-511.
  • Fulfills EP-511 work commitment for permit year 3.
  • GeoPulse seismic sources used for the first time in Western Australia.
  • The data is being processed by Velseis Processing Pty Ltd.
  • Processed results expected in Q3 of 2026.
  • Updates to exploration portfolio and resource assessments expected in Q3 2026.
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.