RE: COMPANY IS FULLY FUNDED25 Apr 2025 12:42
Andy Carroll, Chief Executive Officer of Mosman, said: "We have taken a commercial decision to focus our capital allocation and future operational activities on our US projects. While EP-145 in the Amadeus Basin has helium potential, the USA has the considerable commercial advantages of a proven helium production basin, lower drilling and operating costs, ready availability of services, production infrastructure and access to markets. We are pleased to retain ongoing interests in helium potential in EP-145 with a royalty interest which does not require any expenditure by Mosman.
"This transaction, once completed, restores Mosman to being fully funded for all exploration commitments in the next 12 months, and with funding available for discretionary exploration activities."