Carbon Minerals Limited announced the renewal by the NSW Government of exploration licences PEL 1 and PEL 12. The Licences take effect from 12 April 2022 for six years until 12 April 2028. Licence conditions include undertaking an agreed work program.

In Year 1 (April 12, 2022 to April 12, 2023), the program includes: Reactivation and operation of the Kahlua multi-well pilot and; Geological studies. As in previous years, Carbon Minerals and Joint Venture partner and Operator Santos will work to best practice environmental standards and continue community consultation.