Two Tranche Private Placement Offer utilising the company’s Listing Rule 7.1 & 7.1A capacity to raise $1.75m at an issue price of $0.0035. The offer comes with a 1 for 3 free attaching option, exercisable at $0.007, expiring 4 years from the date of issuance. The issuance of the options will subject to shareholder approval at an upcoming general meeting. The company aims to list the options subject to meeting ASX listing rules. Approximately $340k will be settled in the first tranche, pursuant to the company’s placement capacity, the balance will be settled in a second tranche subject to a shareholder approval at an EGM to be convened. Post approval of the transaction at the EGM, the Company will have a market capitalisation of A$5m with cash of circa A$2m.

Prominence Energy Ltd (ASX: PRM) is a Perth-based energy company focused on highimpact, early-stage opportunities across the conventional and emerging energy sectors. PRM is currently advancing the transformational acquisition of the Gawler Hydrogen Project — a 63,663km² portfolio of natural hydrogen and helium exploration assets on South Australia’s highly prospective Gawler Craton. PRM also maintains a 100% interest in the Big Apple Gas Project (Gulf of Mexico), a 20% stake in the Umine Uranium Project (Kazakhstan), and a 10.9% interest in ECOSSAUS, targeting hydrogen and gas storage solutions in Australia.

Prominence Energy is acquiring a 100% interest in the Gawler Hydrogen Project — a large-scale portfolio covering approximately 63,663km² across South Australia’s Eyre and Northern Hinge project areas. This transformative acquisition will establish Prominence as one of the largest landholders in Australia’s rapidly emerging natural hydrogen and helium sector, with full control and operatorship across all tenements.

The Gawler Hydrogen Project comprises two key project areas located on the Gawler Craton, one of the world’s most prospective provinces for natural hydrogen exploration. The portfolio spans a range of geological play types, where multiple hydrogen and helium source systems have already been identified, offering material resource potential in what is fast becoming a world-class exploration hotspot.

Importantly, tenure has been significantly advanced, with the first ‘offer-to-grant’ for PEL 803 expected in Q3 2025. This milestone will allow PRM to initiate exploration programs aimed at maturing prospects ahead of maiden drilling decisions.

The Eyre Project (39,212km²) provides access to hydrogen-rich basement settings and deep conductivity anomalies consistent with active mantle flux systems. The Northern Hinge Project (24,451km²) offers significant underexplored upside, with large structural traps identified along the northern extension of the Adelaide Hinge Zone.

Prominence is entering the natural hydrogen sector at an opportune time. Globally, natural hydrogen is being recognised as an ultra-low-cost, zero-carbon fuel source — with major governments and corporates accelerating efforts to unlock its potential.

The funds raised will be focused towards:

• Advancement toward, and grant of, several key licenses associated with the Gawler Hydrogen Project;
• On ground activities such as soil sampling at the Gawler Hydrogen Project;
• Continued evaluation of existing assets; and,
• General Working Capital Purposes