Announcement • Jul 21
Sharon AI Reportedly In Talks To Buy Stake In Frontier Energy SharonAI Holdings Inc. (NasdaqCM:SHAZ) (Sharon AI) has been in talks to buy a stake in ASX-listed Frontier Energy Limited (ASX:FHE), say sources. It comes as the global push into artificial intelligence forces the industry to solve a problem that no amount of graphics processing unit (GPU) procurement can fix, and that is where the power comes from. Frontier sources say it is being approached by data centre operators on a regular basis, and conversations have been running for some time. Sources suggest Sharon AI has been among those in discussions. There have been suggestions about it acquiring a stake of around 4.9% in the company, though it is not clear whether those talks are ongoing or whether other data-centre operators have since moved to the front of the queue. Sharon AI told DataRoom that Sharon AI has not bought a 4.9% stake in Frontier Energy. It was continually assessing opportunities to partner with renewable energy projects and infrastructure providers where co-location could improve efficiency, accelerate deployment and support regional economic development. Announcement • Jun 04
Frontier Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 113.3 million. Frontier Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 113.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 550,000,000
Price\Range: AUD 0.2
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,500,000
Price\Range: AUD 0.2
Transaction Features: Subsequent Direct Listing Announcement • Apr 13
Frontier Energy Limited, Annual General Meeting, May 15, 2026 Frontier Energy Limited, Annual General Meeting, May 15, 2026. Location: level 20, 140 st georges terrace, perth wa, Australia Announcement • Dec 10
Frontier Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 11.5 million. Frontier Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 11.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing Announcement • Apr 02
Frontier Energy Limited, Annual General Meeting, May 28, 2025 Frontier Energy Limited, Annual General Meeting, May 28, 2025. Announcement • Aug 29
Frontier Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million. Frontier Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 67,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing Announcement • Aug 22
Frontier Energy Limited Appoints Mark McGowan AC as a Non-Executive Chairman, Effective 2 September 2024 Frontier Energy Limited announced the appointment of former Western Australian Premier, Mark McGowan AC, the 30th Premier of Western Australia (WA), as Non-Executive Chairman. As Western Australia's Premier from 2017 to 2023, Mr. McGowan played a leading role in the commencement of WA's transition from fossil fuelled electricity generation towards renewables. Mr. McGowan's Government drove the decision for WA state-owned electricity generator Synergy to transition out of coal-fired power generation by 2030 At the same time, Mr. McGowan's Government oversaw ~$3.8 billion investment in new green power infrastructure, including large-scale battery storage and renewable energy generation projects. Mr. McGowan was the Member for Rockingham from December 1996 until June 2023, when he stepped down as WA's Premier. Mr. McGowan became Premier in March 2017 and during his term as Premier, he held various other portfolios, including Treasurer and Minister for Public Sector Management. Most notably as Premier, he led the state through the COVID-19 pandemic and oversaw strong economic growth. In relation to energy policy, under the leadership of Mr. McGowan, the Government introduced an ambitious emissions reduction target, committing to a whole-of-government target to reduce emissions to 80% below 2020 levels by 2030. Mr. McGowan's Government was also responsible for the decision that will see the WA state- owned electricity generator and retailer, Synergy, transition out of coal-fired power generation by 2030, and commitment to an estimated $3.8 billion investment in new green power infrastructure in the South West Interconnected System. In addition to his position with Frontier, Mr. McGowan currently has advisory roles with BHP Limited, Mineral Resources Limited, APM Services International Ltd. and Bondi Partners. Mr. McGowan holds a Bachelor of Arts and a Bachelor of Laws from the University of Queensland. Mr. McGowan's appointment as Non-Executive Chairman will be effective as of 2 September 2024 or such other date as agreed between the Company and Mr. McGowan. Announcement • Jul 22
Capacity Investment Scheme Potentially Guarantees Revenue for 15 Years, Underpinning Future Expansion At Frontier's Waroona Project Frontier Energy Limited welcomes the release of the final design of the Federal Government's Capacity Investment Scheme (CIS) in Western Australia, which provides an extra level of financial certainty for leading clean energy projects such as Frontier's Waroona Renewable Energy Project (the Project). Stage One of the Project comprises a 120MWdc solar facility with an integrated 80MW/320MWh battery. The Project has secured all key approvals and has begun early works with the procurement of critical long-lead items Working in parallel with existing Western Australian electricity market mechanisms, the CIS will underwrite 1.1GW/4.4GWh of new, clean dispatchable energy in the State, with 500MW/2GWh of projects being sought via the first tender to be released this month. Highlights: Final design criteria for the WA CIS tender amended to allow solar and battery projects: Original design of the WA CIS contemplated a battery-only tender process, Final design criteria recognises that a co-located solar and battery project can provide genuine clean dispatchable renewable energy as opposed to a plain grid- connected battery, Projects must be greater than 30MW in size to be eligible to bid into the CIS and be operational by between 1 October 2026 and 1 October 2027. CIS has the potential to underpin Stage Two and future expansion stages, by providing revenue certainty for 15 years: CIS will provide annual revenue underwriting based on the units of $per MW of capacity credits held by the project in that year, for up to 15 years. Capacity shortfalls in Western Australia are forecast to grow from 2027, reinforcing the need for firm dispatchable renewable energy: Frontier aims to have Stage One of the Project operational by 1 October 2026, in time for the CIS/Capacity Market cycle, The Project has significant potential to expand to help meet the forecast supply shortage, including freehold land (Stage One utilises only 303ha of Frontier's 868ha) and potential for more than 1GW of network connections. Tight capacity driving high market prices, further boosting expected Project returns: Average peak prices in the WA electricity market (WEM) have continued to surge, as capacity constraints and higher than expected demand for energy bite Peak period prices for the first six months of 2024 averaged $164/MWh, a jump of ~24% on 2023 levels - and double in the past 2.5 years. Announcement • Apr 23
Frontier Energy Limited, Annual General Meeting, May 24, 2024 Frontier Energy Limited, Annual General Meeting, May 24, 2024, at 09:00 W. Australia Standard Time. Location: Level 20, 140 St Georges Terrace, Perth Western Australia Australia Agenda: To receive and consider the Annual Report of the Company and its controlled entities for the financial year ended 31 December 2023, which includes the declaration of the Directors, the Financial Report, the Directors' Report and the Auditors Report; to consider Adoption of Remuneration Report; to consider Re-election of Director - Chris Bath; to consider Issue of Options to Director Chris Bath; to consider Issue of Options to Director Grant Davey; and to consider Additional 10% placement capacity. Announcement • Oct 16
Frontier Energy Limited Announces Cessation of Amanda Reid as Alternate Director Frontier Energy Limited announced that Mr. David Wheeler's appointment as the alternate director for Ms Amanda Reid has now ceased and the Company thanks him for his contribution during Ms Reid's absence. Announcement • Sep 21
Frontier Energy Limited Announces Board Changes Frontier Energy Limited announced that Mr. David Wheeler has been appointed as the alternate director for Ms. Amanda Reid, due to a period of absence by her. Mr. Wheeler has more than 30 years of senior executive management, directorships, and corporate advisory experience both in Australia and foreign countries and regions including the USA, UK, Europe and Asia. He is a foundation director and partner of Pathways Corporate, a boutique corporate advisory firm that undertakes assignments on behalf of a range of clients including ASX listed companies. Mr. Wheeler is a Fellow of the Australian Institute of Company Directors and has experience on both public and private boards and currently holds a number of directorships and advisory positions in Australian companies. He is currently a director of listed companies PVW Resources Limited (previously Thred Limited), Avira Resources Limited, Protean Energy Ltd, Ragnar Metals Limited, Tyranna Resources Limited, Cycliq Group Limited, Cradle Resources Limited, ColorTV Limited and OZZ Resources Limited. Mr. Wheeler is considered to be independent. Announcement • Jan 10
Frontier Energy Limited Announces Company Secretary Changes Frontier Energy Limited advised that Ms. Catherine Anderson (B Juris (Hons) LLB (UWA)) has been appointed Company Secretary of the Company with immediate effect, replacing Mr. Chris Bath. Mr. Bath remains the CFO and an executive director of Frontier. 
