24 June 2025investor presentation● Neutral
June 2025 investor presentation on the Gawler Hydrogen Project acquisition. The visible text is only disclaimers and the start of the corporate overview; no new information is shown.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 June 2025asset acquisition disposition▲ GoodMajor
PRM signed a binding agreement to buy 100% of Gawler Group Holdings, giving nine South Australian hydrogen and helium licence applications covering 63,663km². It has firm commitments for a A$1.75m placement, including A$95,000 from directors, and Dr Mike Fischer is to join the board on completion, with his options subject to shareholder approval.
30 Apr 2025quarterly activities report● Neutral
March 2025 quarter: management is still reviewing projects and searching for new ventures. Bowsprit plug and abandonment was set to start 7 April, cost a one-off A$440,000; Umine permit still 'expected soon'. Exploration spend was A$501,000; related-party payments A$194,000 included Parks' final payout.
13 Mar 2025half year report● Neutral
Half-year to 31 December 2024 loss was A$744,481, versus A$6,955,186 a year earlier. Umine is said to be in the final stages of permitting. Directors are McCubbing, Hayden, Tarratt and Meyers; Parks resigned 29 November.
19 Feb 2025drilling progress report● Neutral
Plug and abandonment of Bowsprit-1 has begun, with Petroleum Coordinators Inc. managing the work. Completion is expected in the coming weeks. This continues the wind-down after the lease was relinquished in April 2024.
30 Jan 2025quarterly activities report● Neutral
December quarter report: the new management is still reviewing projects and searching for new ventures. Umine permit remains 'expected soon'. At the AGM, 116.9m options at 1c expiring Dec 2027 were issued. A$75,000 was refunded on surrendering the A90 block.
2 Dec 2024security holder rights change● Neutral
Company adopts an updated constitution, dated 27 November 2024. The text shown is only the table of contents; the changes are not visible.
29 Nov 2024director officer appointment● NeutralMajor
Alex Parks retires as Managing Director at close of business 29 November 2024, following the AGM. This completes the departure announced on 6 September when Hartshead came in.
23 Oct 2024quarterly activities report● Neutral
September quarter report: Hartshead's 19.99% placement (A$389,000) and board changes are reported, and Parks' retirement noted. Umine's permit is 'expected soon'. Bowsprit-1 abandonment was delayed by the hurricane season. ECOSSAUS stake diluted from 10.9% to 10.4%. Sasanof renewal sought.
30 Sept 2024annual report● Neutral
Corporate governance statement and Appendix 4G for the year to 30 June 2024, lodged with the annual report. Administrative compliance filing with no new operational or financial information.
30 Sept 2024annual report● Neutral
2024 annual report. The chairman says Umine permitting is taking much longer than expected and that several attempted transactions failed. The company turned to Hartshead (19.9%) as strategic investor; Tarratt and Meyers take over most of Parks' day-to-day roles.
6 Sept 2024capital raising announcement▲ GoodMajor
Hartshead Resources takes a 19.99% stake via a A$389,000 placement of 77.8m shares at 0.5c, with 1-for-2 free options at 1c (approval needed). Hartshead's Bevan Tarratt joins as Executive Director, Quinton Meyers joins the board, and MD Alex Parks will retire by the AGM.
What it means for a shareholder
77.8m new shares at A$0.005 to raise about A$389,000. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.0642% to 0.0514% of the company. To keep it you'd need 49,972 more shares - about A$250 at the issue price.
Create a free account to see this worked out for your own holding.
2 Sept 2024director officer appointment● Neutral
Henko Vos and Jennifer Voon are appointed joint company secretaries after CFO/Company Secretary Sonu Cheema resigned for personal reasons. The appointment is interim until Cheema can resume.
29 July 2024quarterly activities report● Neutral
June quarter report: the A$1.55m raise was completed and PRM bought data for three 2D seismic lines to trial reprocessing at Big Apple. Henry Hub gas was about US$2.20/Mscf, which PRM called depressed, and it expected a better farm-out deal once prices improved. The Umine sampling was repeated.
9 May 2024investor presentation● Neutral
May 2024 corporate presentation, 'Small Explorer, Large Prospects'. The text provided is only disclaimers and notices; no new information is visible.
8 May 2024other▲ Good
Umine (PRM 20%) reports 50 handheld surface samples at the Djideli site. Seven from low-grade stockpiles ranged up to 5,269ppm uranium, averaging 1,773ppm. Results are preliminary; drilling is recommended and no resource exists. A permit application has been lodged.
26 Apr 2024quarterly activities report● Neutral
March quarter report: the A$1.55m raise and 20% Umine investment (US$200k) are completed, and Bowsprit was relinquished after quarter-end. PRM licensed 40,000 acres more seismic around Big Apple and says a better farm-out deal is more likely once Henry Hub gas, now about US$1.75/Mscf, recovers.
12 Apr 2024asset acquisition disposition▼ BadMajor
The board relinquishes the Bowsprit lease. Bowsprit-1 will be abandoned and the site remediated over the next 12 months. This ends the Bowsprit sidetrack plan and farm-in search, with the lease due to expire in March 2024.
15 Mar 2024half year report▼ Bad
Half-year to 31 December 2023 net loss was A$6,955,186, versus A$394,501 a year earlier. The text shown does not explain the jump. A$387,500 first tranche of the A$1.55m raise completed 12 March; the rest needs shareholder approval.
6 Mar 2024other● Neutral
ASX notice that PRM's trading suspension will lift once its project investment announcement is released. Administrative, no new substance.
6 Mar 2024capital raising announcement▲ GoodMajor
PRM has firm commitments to raise A$1.55m in a placement. About US$200,000 (~A$300k) buys a 20% stake in Umine LLP, a Kazakh company planning to remediate a former uranium site and sell the uranium. Remaining funds go to Big Apple farm-out and working capital. Price not shown in the text.
5 Mar 2024other● Neutral
PRM extends its voluntary suspension by a day, to Wednesday 6 March 2024, still pending its project investment announcement. No new detail.
4 Mar 2024other● Neutral
PRM requests a voluntary trading suspension pending an announcement about a 'project investment'. No detail of the investment is given; the outcome follows in later releases.
31 Jan 2024quarterly activities report● Neutral
December quarter report: cash A$750,000, down from just over A$1m. Big Apple well planning continues and the farm-out is to launch at the NAPE conference in Houston in February 2024. Resource figures are unchanged (1.37 Tcf unrisked, 426 Bcf risked).
23 Nov 2023investor presentation● Neutral
AGM presentation, 'Small Explorer, Large Prospects'. The text provided is only disclaimers; no new information visible.
30 Oct 2023quarterly activities report● Neutral
September quarter report: cash just over A$1m at 30 September. The A$650k placement was completed, with A$50k from directors/management still needing shareholder approval. Big Apple's 1.37 Tcf unrisked (426 Bcf risked) resource is repeated; farm-out is still planned for early 2024.
28 Sept 2023annual report● Neutral
Appendix 4G and corporate governance statement lodged with the 2023 annual report, pointing to the company's website for the full statement. Administrative compliance filing with no new operational or financial information.
28 Sept 2023annual report● Neutral
2023 annual report. The chairman cites Big Apple's 1.37 Tcf unrisked (426 Bcf risked) NSAI resource and says more work precedes seeking a farm-in partner. Oil price rises have increased farm-in enquiries for Bowsprit, where a partner is still sought.
18 Sept 2023other● Neutral
Administrative notice: Computershare's Perth share registry office moves to Level 17, 221 St Georges Terrace from 18 September 2023. No other substance.
7 Sept 2023capital raising announcement● NeutralMajor
PRM raises A$650,000 via 32.5m shares at 2c with a free 3c option expiring March 2025 per share. A$600,000 is placed now; A$50,000 from directors/CFO needs shareholder approval. First raise since December 2021; funds go to Big Apple farm-out preparation and working capital.
What it means for a shareholder
32.5m new shares at A$0.020 to raise about A$650,000. That's 1.3% dilution: every existing holder's slice gets 1.3% smaller. If you held A$1,000 of shares (50,000 at the issue price), your slice goes from 0.00206% to 0.00203% of the company. To keep it you'd need 670 more shares - about A$13 at the issue price.
Create a free account to see this worked out for your own holding.