As disclosed in the Icon Energy Limited (ASX: ICN) (the Company)’s Annual
Report released on 28 October 2024, the Company applied for a Petroleum
Lease over the entire area of ATP 855 on 30 August 2024 (Application).
In order to keep the market informed on the progress of this Application, the
Company advises that it has received a notice of proposed grant of a petroleum
lease (Notice) from the Department of Natural Resources and Mines,
Manufacturing and Regional and Rural Development. The Notice is issued
pursuant to section 29 of the Native Act 1993 (Cth) and commences a ‘right to
negotiate’ process under the Native Act 1993 (Cth) that involves the Company,
the State of Queensland and any ‘native title party’ for the area of the proposed
petroleum lease.
The application process for PL 1144 is continuing, and the Company will provide
further updates regarding the Application as it progresses.
This announcement has been authorised for release by the Board of Icon
Energy Limited.
