Cyclone Metals Limited

Introduction

  1. The Panel, Alberto Colla, Bruce Cowley (sitting President) and Marina Kelman, declined to conduct proceedings on an application by the Applicant in relation to the affairs of Cyclone. The application concerned an alleged undisclosed association between certain Cyclone shareholders in the context of a requisitioned general meeting called under section 249D1 in which the applicant was removed as a director of Cyclone.

Cue Energy Resources Limited – Panel Receives Application

The Panel has received an application from Cue Energy Resources Limited (ASX: CUE) (Cue) in relation to its affairs. The application concerns an off‑market takeover bid announced by Horizon Oil Limited (ASX: HZN) (Horizon) on 2 March 2026, and related arrangements involving Echelon Resources Limited (ASX: ECH) (Echelon), a substantial shareholder of Cue.

Details of the application, as submitted by the applicant, are below.

Humm Group Limited 02R – Panel Receives Review Application

The Panel has received an application from Mr Andrew Abercrombie seeking a review of the Panel’s decision to make a declaration of unacceptable circumstances in Humm Group Limited (see TP26/011).

A review Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings.  The Panel makes no comment on the merits of the application.

Humm Group Limited – Declaration of Unacceptable Circumstances

The Panel has made a declaration of unacceptable circumstances (Annexure A) in relation to an application dated 23 January 2026 and received by the Panel on 26 January 2026 by Akat Investments Pty Ltd in relation to the affairs of Humm Group Limited (Humm) (see TP26/005).

The Panel separately accepted an undertaking from Humm on 26 February 2026 on the issues of insider participation and management of conflicts of interest (see TP26/009).

Emu NL 06

Introduction

  1. The Panel, Costas Condoleon, Teresa Dyson and Karen Phin (sitting President), declined to make a declaration of unacceptable circumstances in relation to the affairs of Emu. The application concerned a placement announced 2 weeks before, and undertaken 1 week before, Emu’s AGM at which resolutions concerning the composition of the board were to be considered.

Wiluna Mining Corporation Limited

Introduction

  1. The Panel, Sylvia Falzon, Jon Gidney and Michael Lishman (sitting President) declined to conduct proceedings on an application by AIM Mining Corporation Limited in relation to the affairs of Wiluna Mining Corporation Limited. The application concerned an alleged undisclosed association between certain Wiluna shareholders who collectively held approximately 44.05% of Wiluna shares and were said to be acting in concert in relation to its affairs.
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