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Prominence Energy NL

ASX:PRM
A$0.001Close 7 Oct 2026 · delayed

Past year: ▼ 67%(0.10c – 0.40c AUD)

Market cap
A$2.7m
Shares on issue
2.68bn
In-ground value
A$1.45bn
Risked multiple
under review
Story beats
190 since 2006
Last event
31 July 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

12 Aug 2026other▲ Good

Gravity and magnetic study across Eyre and Northern Hinge is complete, confirming much of the existing geological model, strengthening several leads and finding new ones. RISC Advisory's independent Eyre resource review is underway for end-August. Mid-2027 drilling (~$5m for three wells) remains the plan.

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31 July 2026material agreement▲ GoodMajor

PRM's subsidiaries finalised negotiations and are ready to sign a Native Title agreement (ILUA) with the Arabana Aboriginal Corporation. It is a key step toward awarding four Northern Hinge applications covering 19,888.84km². Licence grant still needs signing and government approval.

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30 July 2026director officer appointment● Neutral

Darren Olsen is appointed part-time CFO from 30 July 2026 on a two-year term at $96,000 a year (two days a week). He is to receive 20m options at $0.004, expiring 24 June 2029, after probation.

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29 July 2026quarterly activities report● Neutral

June 2026 quarter: summarises the soil gas, lab and satellite results, the $1.56m raise and CSIRO funding. Repeats the mid-2027 drilling plan (~$5m for three wells) and says existing cash covers the 2026 work. Largely repeats earlier announcements.

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24 July 2026drilling scheduled▲ GoodMajor

PRM sets a pathway to drill helium and hydrogen targets in June/July 2027: Eyre resource review by end August, Northern Hinge by end September, drilling costs in October. Initial costing is about $5m for three wells; farm-out is being considered. 2026 work is covered by existing cash.

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30 June 2026director officer appointment● Neutral

Joint Company Secretary Jennifer Voon resigned effective 30 June 2026. Catherine Earlie joins Henko Vos in the role. Administrative change.

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24 June 2026regulatory community update▲ Good

An independent satellite study found helium, hydrogen and methane anomalies across the Eyre Project, including granted and pending licence areas, some near the soil gas survey hits. It is a low-cost remote sensing dataset, not drilling evidence.

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11 June 2026drilling result▲ GoodMajor

Independent lab analysis of 63 soil gas samples confirms helium up to 63ppm and hydrogen up to 3,427ppm (air corrected); 64% of samples showed elevated hydrogen. Backs up the May field results; next step is integrating with geophysics toward seismic and drill targets.

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13 May 2026investor presentation● Neutral

Notice of an investor webinar on 15 May 2026 hosted by COO Dr Krista Davies on the Gawler projects and recent work. No new company information.

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7 May 2026drilling result▲ GoodMajor

Initial PEL 803 soil gas results confirm helium (up to 36ppm), hydrogen (up to 1,105ppm instantaneous, a figure the company says may be a sampling artifact) and methane (up to 5,000ppm). Early-stage; lab results on 63 samples still pending. Resolves the pending survey thread.

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1 May 2026capital raising announcement● NeutralMajor

PRM raises $1.56m via placement of 709.1m shares at $0.0022, a 26.67% discount to last price, with 1 free option per 3 shares (exercisable at $0.004, 3 years). Tranche 2 (284.9m shares, incl. $60k from directors) needs shareholder approval. Funds go to Gawler licences and geophysics.

What it means for a shareholder

709m new shares at A$0.0022 to raise about A$1.6m. That's 29% dilution: every existing holder's slice gets 29% smaller. If you held A$1,000 of shares (454,545 at the issue price), your slice goes from 0.0268% to 0.0189% of the company. To keep it you'd need 189,970 more shares - about A$418 at the issue price.

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30 Apr 2026quarterly activities report● Neutral

March 2026 quarter: landholder engagement (30+ properties, 100+ stakeholders) and survey planning completed; the PEL 803 soil gas survey was finished in April, after quarter end. Big Apple remains under evaluation. Largely repeats earlier announcements.

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28 Apr 2026investor presentation● Neutral

April 2026 corporate presentation on helium and natural hydrogen exploration. Visible text is only disclaimers and the start of the 'Why Prominence' section; no new information is shown.

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20 Apr 2026material agreement▲ Good

PRM won CSIRO Kick-Start matched funding for an eight-month study of hydrogen and helium in PEL 803 wells. Total cost is A$116,252, with PRM paying A$66,252 and CSIRO A$50,000.

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13 Apr 2026other● Neutral

PRM has started its first field program at Gawler, a soil gas survey across PEL 803 measuring helium, hydrogen and methane, running over the coming weeks. No results yet; this follows the planned April start.

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16 Mar 2026half year report● Neutral

Half-year to 31 December 2025 loss was A$570,891, versus A$744,481 a year earlier. Gawler acquisition completed; Meyers resigned 31 December and Fischer joined 1 January 2026. Soil-gas survey targeted for April 2026.

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17 Feb 2026drilling scheduled● Neutral

Preparation has started for PRM's first geochemical survey in PEL 803, combining soil gas and water bore sampling over about two weeks from April 2026. Seismic is anticipated in the second half of 2026. Schedule is slightly later than the 'early 2026' target.

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29 Jan 2026quarterly activities report● Neutral

December 2025 quarter: Gawler acquisition completed after the 8 December approval; desktop work and a planned soil-gas survey in early 2026 are repeated. Big Apple is still under evaluation with no work required. Largely repeats earlier announcements.

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15 Dec 2025asset acquisition disposition▲ GoodMajor

The Gawler Hydrogen Project acquisition is completed and all consideration securities issued, giving PRM PEL 803 plus eight applications (~64,000km²). Dr Mike Fischer joins the board as non-executive director from 1 January 2026, with 15m options at $0.007.

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8 Dec 2025regulatory community update▲ Good

South Australia's mining department approved the change of control of PEL 803, the final regulatory approval for the Gawler acquisition. Completion is expected shortly, resolving the main open condition from the 15 December deadline.

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5 Dec 2025investor presentation● Neutral

Presentation for the H2MEET Korea conference on Australian natural hydrogen exploration. Visible text is disclaimers and a basic explanation of natural hydrogen generation; no new company information is shown.

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28 Nov 2025investor presentation● Neutral

November 2025 AGM presentation, 'An Integrated Energy Explorer'. Visible text is only disclaimers and the start of the investment highlights; no new information is shown.

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17 Nov 2025regulatory community update▲ Good

Desktop work on PEL 803 identified hydrogen source rocks (Hiltaba Granite) and multiple reservoir–seal pairs; a soil-gas survey is targeted for early 2026. Gawler deal awaits only South Australian change-of-control approval. Keon appointed Technical Advisor; PRM joins a Korea hydrogen delegation.

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20 Oct 2025material agreement● Neutral

The Gawler acquisition agreement is extended to 15 December 2025 by a Deed of Variation. All conditions are met or waived except South Australian change-of-control approval for PEL 803. The deal has not yet completed.

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17 Oct 2025quarterly activities report● Neutral

September 2025 quarter: the A$1.75m placement is completed and PEL 803 awarded. Dr Davies became COO and is reviewing the portfolio, including Big Apple, Umine and ECOSSAUS. The Gawler acquisition still awaits regulatory approval of the PEL 803 transfer.

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30 Sept 2025annual report● Neutral

2025 annual report for the year to 30 June 2025. It restates the Gawler hydrogen deal, the Hartshead A$389,000 placement and the Big Apple block A87 details. The visible text shows no new financial figures.

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30 Sept 2025annual report● Neutral

2025 corporate governance statement and Appendix 4G, lodged with the annual report. Administrative compliance filing with no new operational or financial information.

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15 Sept 2025director officer appointment● Neutral

Dr Krista Davies is appointed Chief Operating Officer ahead of the Gawler acquisition, with 96.6m performance rights to issue on completion. Marshall Hood, announced in June as COO, will not take the role owing to personal circumstances.

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21 Aug 2025regulatory community update▲ GoodMajor

PEL 803 (2,799km², Eyre Project) has been awarded to Gawler's operating entity, one of four natural hydrogen licences in South Australia. It has a five-year term with low work commitments. Completion of the acquisition is scheduled for late in the September quarter, with drilling decisions in 2026.

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31 July 2025quarterly activities report● Neutral

June 2025 quarter: repeats the Gawler hydrogen acquisition and A$1.75m placement. Bowsprit plug and abandonment was completed under budget, closing that open thread. Big Apple, Umine (permit still 'expected soon') and Sasanof updates are largely unchanged.

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