Quarterly Activities Report
| Stock | Top End Energy Ltd (TEE.ASX) |
|---|---|
| Release Time | 30 Jan 2026, 8:38 a.m. |
| Price Sensitive | Yes |
Top End Energy Quarterly Activities Update
- Continued engagement with operators on Serpentine Natural Hydrogen Project in Kansas, USA
- Submitted Environmental Management Plan for 2026 work program in Beetaloo Basin, Australia
- Established U.S. land and energy platform aligned with AI data center sector
Top End Energy Limited (ASX: TEE) released its Quarterly Activities Report for the period ending 31 December 2025. Key highlights include:Serpentine Natural Hydrogen Project, Kansas, USA:- Continued engagement with multiple operators reviewing the project's technical datasets, with discussions focused on partner-funded exploration pathways.- Integrated additional subsurface insights from peer-led drilling programs across North America to further sharpen the proposed exploration program.Beetaloo Project, Northern Territory, Australia:- Submitted an Environmental Management Plan to the Northern Territory Department of Mining and Energy to support the company's planned 2026 work program.- Appointment of Envoi, a specialist upstream energy advisor, to support partner engagement across the Beetaloo and South Nicholson permits.- Evaluating a range of structures that allow the company to continue technical evaluation while managing capital and retaining exposure to exploration upside.U.S. Strategic Review - Powered Land for AI Data Centers:- Established a U.S. land and energy platform aligned with the rapidly growing AI data center sector, alongside experienced AI infrastructure developers.- Focused on large-scale, de-risked markets supported by strong investment, leveraging the company's U.S. operating presence and disciplined approach to strategic land acquisition.Corporate:- Implemented cost controls to support execution across the portfolio, ending the quarter with A$2.12 million in cash.The company remains focused on progressing its key projects through partner-funded pathways that align with shareholder value.
Top End Energy is evaluating a range of structures that allow the company to continue technical evaluation of its Beetaloo and South Nicholson permits while managing capital and retaining exposure to exploration upside. The company is also progressing its U.S. land and energy platform aligned with the AI data center sector, with multiple sites under evaluation.