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NewPeak Metals Ltd (ASX: NPM) has successfully raised AU$1.14 million by divesting a portion of its stake in Lakes Blue Energy NL (ASX: LKO), capitalising on Lakes' recent ASX trading resumption and positive momentum. The sale involved 1,649,383 shares across two transactions on 4 and 8 July 2025, strengthening NewPeak’s balance sheet and providing funding for upcoming exploration programs.
Despite the partial divestment, NewPeak retains an 11.89% shareholding in Lakes and remains optimistic about its future, particularly the Wombat Gas Field, which boasts a certified 2C recoverable resource of 329Bcf. This asset could play a key role in addressing East Coast gas supply concerns. NewPeak has no current plans to further reduce its holding and will continue monitoring Lakes’ market position. The strategic capital injection positions NewPeak to advance its exploration initiatives while maintaining exposure to Lakes’ gas development potential.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Jul 10, 2025
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
