Echelon Resources (NZOG) plans value extraction from Australia's mining industry

Echelon plans more wells for the Mereenie field. (Image: Echelon Resources)

Thu, 08 Aug 2024

Exploration firm Echelon Resources’ new contract to supply gas destined for rare earth mining in Western Australia will pay for it to drill new wells, the company says. The Australian Securities Exchange-listed (ASX) Wellington-headquartered oil and gas explorer formerly known as NZ Oil and Gas inked a deal with the Northern Territory Government at the end of July to take the gas from its Mereenie joint venture field until 2030. Echelon's chief executive, Andrew Jefferies, said that gas would power a rare eart...

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