MNE is an oil and gas exploration company focused on the exploration and development of our two exploration permits, being EP-494 and EP-511, located in the onshore Northern Perth Basin in Western Australia (Projects). In addition to the Projects, the Company has also applied for three additional SPA / AOs (Special Prospecting Authority with Acreage Option) in the Northern Perth Basin and Pilbara & Great Southern areas.

Macallum New Energy offers investors the opportunity for exposure to the vast exploration potential of the onshore North Perth Basin, where most positions are currently held by unlisted majors following ~$2.5B AUD of M&A activity on the back of past discoveries. A true asymmetric risk/reward profile, where success in any number of the long list of prospects and leads could result in multiple returns for shareholders.

The Company has an experienced Board and management team with direct involvement in the initial discovery and subsequent development of the Kingia play. Our team independently has successful track records in leading and growing major ASX listed companies, value accretive mineral exploration and successful project development.