Frontier Energy Limited

"Renewable energy represents one of the most transformative macro investment themes of our generation. This shift is driving trillions of dollars in new investment across the renewable energy value chain - from power generation to transmission to storage." Did you know that forecast energy prices in Western Australia have risen by 10-15% over the past six months? Our recently updated DFS demonstrated reduced capital costs and and enhanced returns for our Waroona Renewable Energy Project in WA, which is well-positioned to help the state meet its energy needs. Hear our CEO Adam Kiley discuss funding avenues and the renewable energy demand with Crux Investor's Matthew Gordon: https://loom.ly/YaQKsm8

Our CEO Adam Kiley was interviewed by Crux Investor’s Matthew Gordon late last week. In the below clip, Adam discusses the thematics of our Waroona Renewable Energy Project and how the renewable energy transition will generate strong tailwinds for the company in coming years. "Frontier sees itself operating in one of the strongest thematics across all sectors - renewable energy generation. Peak energy prices in Western Australia have soared 110% in the past two years, while average prices increased 70%. This is before factoring in continuing electrification of the economy." Watch the full interview here: https://loom.ly/YaQKsm8

This week we announced an updated Definitive Feasibility Study for Stage One of our Waroona Renewable Energy Project, comprising a 120MWdc solar facility and an integrated 80MW 4.75-hour (380MWh) battery. Highlights from the Study included a significant reduction in capital costs of $21m (7%) to $283m, a rapid payback of 6.1 years and strong EBITDA generation averaging $57m per annum over the first decade. Hear our CEO Adam Kiley discuss on Stockhead's Long Shortz segment: "Exceptional economics from Waroona renewable energy DFS": https://loom.ly/pOYl52M 📹

This week Frontier Energy hosted an investor webinar, with our CEO Adam Kiley providing an overview of the updated Definitive Feasibility Study for our Waroona Renewable Energy Project in Western Australia. For those that missed the call, the replay is available here: https://loom.ly/HolZWsE

We're pleased to announce an updated Definitive Feasibility Study for Stage One of our Waroona Renewable Energy Project, comprising a 120MWdc solar facility and an integrated 80MW 4.75-hour (380MWh) battery. The update follows material changes to a number of key areas including capital costs and energy market forecasts. Highlights from the Study include a significant reduction in capital costs of $21m (7%) to $283m, a rapid payback of 6.1 years and strong EBITDA generation averaging $57m per annum over the first decade. ➡️ Full ASX release: https://loom.ly/rw8gUY8 ➡️ DFS investor presentation: https://loom.ly/t1VZbqw ➡️ Link to join investor webinar with our CEO Adam Kiley, starting at 11:00am AEDT / 08:00am AWST today: https://loom.ly/Rt63tWo

Definitive Feasibility Study Investor Presentation:

Frontier Energy is hosting an investor webinar/conference call regarding the updated Definitive Feasibility Study for our Waroona Renewable Energy Project today, 4 December at 11:00am AEDT / 08:00am AWST. Our CEO Adam Kiley will discuss the update, before providing an opportunity for investors to ask questions. 💻 Register for the webinar/conference call here: https://loom.ly/Rt63tWo

Frontier is discussed in Stockhead following last week's release around changes to WA energy rules enhancing our Waroona Renewable Energy Project's revenue. We strongly support the proposed changes resulting from the final WEM Investment Certainty Review outcomes, most notably the new floor price (50% of the Benchmark Reserve Capacity Price), which further strengthens the long-term economics of Waroona. A large increase in the draft determination of the Benchmark Reserve Capacity Price for 2027/28 of $354,000/MW was also released by WA’s Economic Regulatory Authority, which together with the introduction of a floor price mechanism, will support project financing discussions. Read the article: https://loom.ly/CKakya4

Frontier Energy notes a number of recent favourable updates to WA’s energy policy and frameworks which will have a positive impact on the economics of the Company’s Waroona Renewable Energy Project. ✅ WA’s Economic Regulatory Authority has released a draft determination of the Benchmark Reserve Capacity Price (BRCP) for the 2027/28 capacity year of $354,000/MW, a 54% increase on the 2026/27 price ($230,000/MW) ✅ Energy Policy WA released the final Wholesale Electricity Market (WEM) Investment Certainty Review outcomes with multiple significant positive changes for the Project, most notably a minimum reserve capacity price floor set at 50% of the BRCP ✅ All electricity facilities in Western Australia receive capacity credits. This is an ongoing payment made to all generators dependent upon the size of their facility. This payment is in addition to energy sales and other potential revenue streams. ✅ An updated Definitive Feasibility Study is expected to be released in early December incorporating the impact of the above changes together with updated energy price forecasts and reduced capital costs on key equipment items. Read more: https://loom.ly/GJOZwz8

We're pleased to welcome Regal Funds Management as a new substantial holder in Frontier Energy. Read more here: https://loom.ly/yq318Og