Cradle Resources Limited has entered into a binding agreement to acquire Volt Geothermal Pty Ltd. (Volt) and Within Energy Pty Ltd. (Within), with geothermal assets in Queensland and South Australia. As part of the transition into the energy sector, the Company will appoint Dr. Trey Meckel as Head of Subsurface. The Company will look to strengthen the Board over time and as part of regularly reviewing the skills and experience of each director to ensure it is appropriate to the Company's size and complexity.

Dr. Meckel has more than has more than 30 years of experience at the forefront of the global energy sector, including significant experience in decarbonised energy solutions, petroleum E&P, and energy R&D. Before joining the Company, Trey was the Subject Matter Expert for Strike Energy's geothermal resource assessment in the North Perth Basin, the Storage Program Manager at CO2CRC (Australia) and Vice President of Global Exploration, New Ventures, & Geosciences for Pluspetrol, Latin America's most successful private, diversified energy company. Earlier in his career, Trey worked for Shell Global and Woodside Energy, and was a co-founder and managing partner of a SE Asian E&P start-up. Trey is the Secretary of the Australian Geothermal Association, a Global Ambassador for the Geothermal Energy Advancement Association, and a tutor for the University of Cambridge (UK) Institute for Sustainability Leadership.

Trey received his PhD from the Swiss Federal Institute of Technology (ETH Zürich), his MA in Geology from the University of Texas at Austin, USA, and his BA with Honors from Williams College, USA.