Subsequent Events	9 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Subsequent Events Brisbane Office Lease Modification On April 1, 2026, the Group modified its office lease in Brisbane, Australia, to expand the leased area in the office premises from May 2026. The modification also revised the monthly base rent, provided new lease incentives and extended the expiry date of the lease by one year. Base rent for this lease will increase by $0.1 million for year one, increasing 3.75% annually thereafter until the expiry of this lease. EP 143 Permit Application On April 27, 2026, DME denied the Group’s application for the variation of the minimum work program for years 3, 4 and 5 and the extension of the term to December 31, 2029 for EP 143. Noting the ongoing six‑month suspension granted in December 2025 which has not been fully utilized, the Group may reapply for the extension closer to the end of the current calendar year. Public Offerings In April 2026, the Company completed (i) an underwritten public offering of 3,400,093 shares of common stock at a price to the public of $35.00 per share, inclusive of the underwriters’ exercise of their overallotment option, for total gross proceeds of approximately $119.0 million, (ii) a registered direct institutional entitlement offer of 1,013,110 shares of common stock, also at a price of $35.00 per share, for eligible holders of common stock approximately $35.4 million in gross proceeds and (iii) an accelerated non-renounceable institutional entitlement offer, issuing 148,308,400 CDIs underpinned by 741,542 shares of common stock to eligible securityholders outside the United States for total gross proceeds of approximately A$37.1 million (US$26.0 million). On May 1, 2026, the Company settled its retail entitlement offer, issuing 99,375,000 CDIs underpinned by 496,875 shares of common stock to eligible retail securityholders outside the United States, for total gross proceeds of approximately A$24.8 million (US$17.9 million). Proceeds from the offerings are expected to fund additional drilling in the Pilot Area, resource delineation in the P2DA Acreage and the Beetaloo Central Development Area (BCDA), drilling in the EP 161 acreage, working capital and other general corporate purposes. Facility Agreement On May 13, 2026, the Board approved an increase in the total facility limit with Macquarie from A$35.0 million to A$40.0 million by way of new Facility D for A$5.0 million. The documents are in agreed form and expected to be executed on or around May 15, 2026, subject to completion of customary conditions precedent. In addition to the increase in the total facility limit, several other amendments have been made to the terms of the Facility Agreement including a reduction in the Minimum Liquidity threshold from A$20.0 million to A$10.0 million and a reduction in the compliance reporting obligations. Long-term Debt under Syndicated Facility Through May 13, 2026, total drawdowns of $2.9 million, $0.6 million and $3.5 million were made from the Syndicated Facility for Tranches 1A , 1B and 2, respectively. The Group has evaluated its subsequent events occurring after March 31, 2026, through May 13, 2026, which represents the date these condensed consolidated financial statements were available to be issued. No further subsequent events have been identified that would require disclosure in these condensed consolidated financial statements.

Subsequent Events

9 Months Ended

Mar. 31, 2026

Note 14 – Subsequent Events

Brisbane Office Lease Modification

On April 1, 2026, the Group modified its office lease in Brisbane, Australia, to expand the leased area in the office

premises from May 2026. The modification also revised the monthly base rent, provided new lease incentives and extended

the expiry date of the lease by one year. Base rent for this lease will increase by $0.1 million for year one, increasing 3.75%

annually thereafter until the expiry of this lease.

EP 143 Permit Application

On April 27, 2026, DME denied the Group’s application for the variation of the minimum work program for years 3,

4 and 5 and the extension of the term to December 31, 2029 for EP 143. Noting the ongoing six‑month suspension granted

in December 2025 which has not been fully utilized, the Group may reapply for the extension closer to the end of the

current calendar year.

Public Offerings

In April 2026, the Company completed (i) an underwritten public offering of 3,400,093 shares of common stock at a

price to the public of $35.00 per share, inclusive of the underwriters’ exercise of their overallotment option, for total gross

proceeds of approximately $119.0 million, (ii) a registered direct institutional entitlement offer of 1,013,110 shares of

common stock, also at a price of $35.00 per share, for eligible holders of common stock approximately $35.4 million in

gross proceeds and (iii) an accelerated non-renounceable institutional entitlement offer, issuing 148,308,400 CDIs

underpinned by 741,542 shares of common stock to eligible securityholders outside the United States for total gross

proceeds of approximately A$37.1 million (US$26.0 million). On May 1, 2026, the Company settled its retail entitlement

offer, issuing 99,375,000 CDIs underpinned by 496,875 shares of common stock to eligible retail securityholders outside

the United States, for total gross proceeds of approximately A$24.8 million (US$17.9 million).

Proceeds from the offerings are expected to fund additional drilling in the Pilot Area, resource delineation in the

P2DA Acreage and the Beetaloo Central Development Area (BCDA), drilling in the EP 161 acreage, working capital and

other general corporate purposes.

Facility Agreement

On May 13, 2026, the Board approved an increase in the total facility limit with Macquarie from A$35.0 million to

A$40.0 million by way of new Facility D for A$5.0 million. The documents are in agreed form and expected to be

executed on or around May 15, 2026, subject to completion of customary conditions precedent. In addition to the increase

in the total facility limit, several other amendments have been made to the terms of the Facility Agreement including a

reduction in the Minimum Liquidity threshold from A$20.0 million to A$10.0 million and a reduction in the compliance

reporting obligations.

Long-term Debt under Syndicated Facility

Through May 13, 2026, total drawdowns of $2.9 million, $0.6 million and $3.5 million were made from the

Syndicated Facility for Tranches 1A , 1B and 2, respectively.

The Group has evaluated its subsequent events occurring after March 31, 2026, through May 13, 2026, which

represents the date these condensed consolidated financial statements were available to be issued. No further subsequent

events have been identified that would require disclosure in these condensed consolidated financial statements.