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.

The Projects were previously held by Macallum Group Limited (MGL) who is a majority shareholder of the Company. MGL saw the potential of the Projects as more discoveries were made in the region, and undertook significant exploration activities to ensure the permits were kept in good standing.

MNE have an experienced Board and management team with a range of skill sets from multiple disciplines, including exploration and development success in the Perth Basin and globally. We're confident we have the right team with the experience and industry knowledge required to capitalise on the potential of our projects.

Throughout all of our exploration operations and research, we have implemented rigorous environmental policies and practices that we will continue to do so through to production. We are also committed to maintaining all obligations with native title and land holders. By operating with the highest environmental and innovative standards, we are reducing our exposure to environmental risks, which could impact our operations and the long-term value of our business.