MST Access Report – Problems to the Solution

Key points:

  • Sapphire pilot testing continues at lower than expected rates but
    future development is at risk due to legal challenges
  • Huge 2C gas resources in a gas-short region. Elsewhere, the N.T.
    acreage is a high upside option in the Greater McArthur basin
  • Cash at 31 Dec 2024 of $2M

MST Access – Feb 2025