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Echelon Resources: Binding terms agreed for Amadeus Basin Exploration Permits EP145

15 Jan 2025 11:12 AM | Stephanie Berlin (Administrator)

Echelon (ASX:ECH) has executed a binding Terms Sheet with London Stock Exchange listed energy company, Mosman Oil & Gas, to purchase the 100% interest in the Northern Territory onshore Exploration Permit EP145, in the Amadeus Basin and highlights:

  • Purchase price of AUD400,000 cash payment
  • 5 per cent royalty on Helium and Hydrogen
  • Agreement subject to conditions, including FIRB and regulatory approval

To view the full ASX announcement, click here.

Source: Echelon Resources 

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