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Lakes Blue Energy Locks Rig and Nears Wombat-5 Drilling Approval with $3.55m Cash
4:34am on Monday 2nd of June, 2025 AEST
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Energy
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Lakes Blue Energy Locks Rig and Nears Wombat-5 Drilling Approval with $3.55m Cash
4:34am on Monday 2nd of June, 2025 AEST
Key Points
Operating cash outflow of $1.48 million primarily on exploration and evaluation
Closing cash balance of $3.55 million
Wombat-5 drilling rig contract secured for July 2025
Ongoing regulatory engagement for drilling approval with Victorian DEECA
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