• Wombat-5 production testing completed, identifying a clear pathway for next phase.
• Gas shows observed during drilling from all three principal gas sand packages.
• Portland Energy Project advancing toward planned drilling in H1 2027.
• Nangwarry CO2 Project feasibility study supports continued commercial evaluation.
• Capital raise of $8.7 million completed to fund operations.

Lakes Blue Energy NL (ASX: LKO) reports on its activities during the quarter ended 30 June 2026, highlighting the progression of production testing at the Wombat Gas Field and advancements in its broader onshore gas portfolio. Key highlights include the completion of Wombat-5 production testing, gas shows observed during drilling, and continued progress on the Portland Energy Project and Nangwarry CO2 Project. Subject to regulatory approval, perforation, stimulation, and flow testing are scheduled to commence in September 2026. The Company also announced a capital raise of $8.7 million to fund ongoing operations.

Lakes Blue Energy NL completed a capital raise of $8.7 million.

Lakes Blue Energy NL expects to commence perforation, stimulation, and flow testing in September 2026, subject to regulatory approval.