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Icon Energy Advances Key Cooper Basin Lease, Secures $300K Loan Amid Suspension

5:27am on Monday 2nd of June, 2025 AEST Energy
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Icon Energy Advances Key Cooper Basin Lease, Secures $300K Loan Amid Suspension

5:27am on Monday 2nd of June, 2025 AEST
Key Points
  • Notice of Proposed Grant received for Petroleum Lease PL-1144 over ATP 855
  • PL-1144 expected to qualify as a Contingent Resource (3C) for conventional gas
  • Secured $300,000 unsecured, interest-free loan replacing planned share subscription
  • No exploration activities conducted during the quarter
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