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Prominence Energy Limited (ASX:PRM)

ALERT: Price-sensitive ASX Announcement for PRM
Current share price for PRM : $0.001 -0.002 (-66.67%)+
Announcement
Release
30 Apr 2026 12:09PM
Price at Release
$0.003
Full Release
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Summary
Prominence Energy Ltd (ASX: PRM) reported its activities for the quarter ending 31 March 2026, highlighting advancements in helium exploration in the Gawler Craton. The company completed its first geochemical soil gas survey in the Gawler Hydrogen and Helium project within Petroleum Exploration Licence 803. The survey, finished in April 2026, followed extensive landholder engagement and regulatory processes. Prominence Energy also reported cash outflows related to exploration and administrative costs, with $97,205 spent on exploration and evaluation. The company ended the quarter with $718,000 in cash and expects to continue operations with a focus on minimizing discretionary expenditures while maintaining the ability to raise additional capital if necessary. Key projects include the Big Apple Gas Prospect in the Gulf of Mexico and the Gawler Helium and Natural Hydrogen Project in South Australia.
Key Points
  • Prominence Energy Ltd completed its first geochemical soil gas survey in the Gawler Hydrogen and Helium project.
  • Significant landholder engagement and regulatory compliance facilitated the survey completion.
  • The company spent $97,205 on exploration and evaluation in the quarter.
  • Prominence Energy ended the quarter with $718,000 in cash.
  • The Gawler Project has been advanced with a focus on helium and hydrogen exploration.
  • Prominence retains the ability to raise additional capital and adjust expenditures as needed.
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.