Tamboran Resources Corporation has signed a landmark agreement with Native Title Holders and the Northern Land Council, securing approval to sell appraisal gas from its operations in the Beetaloo Basin.

The Agreement grants consent for the Beetaloo Joint Venture (BJV) to sell appraisal gas from Exploration Permits 98 and 117, with volumes of up to 60 terajoules (TJ) per day from the planned Shenandoah South Pilot Project for a three-year period.

The BJV has already contracted an initial 40 million cubic feet per day (MMcf/d) to the Northern Territory government, with supply secured until mid-2041.

First gas deliveries are targeted for mid-2026, subject to seasonal conditions and customary stakeholder approvals.

The supply is expected to strengthen the Territory’s energy security, where electricity generation is largely gas-fired.

Tamboran said the Agreement represents more than just commercial progress, highlighting its ongoing partnership with Native Title Holders across the Beetaloo.

The company has committed to financial benefits, employment, training, and contracting opportunities for Indigenous landowners and the wider community.

Chairman and Interim CEO of Tamboran Resources, Richard Stoneburner, described the deal as a milestone for both the company and the Beetaloo Basin.

“This is a significant moment for Tamboran Resources being the first operator in the Beetaloo Basin to secure Native Title Holder approval to sell gas under the legislated appraisal framework,” Mr Stoneburner said.

“We thank the Native Title Holders and the Northern Land Council for their support in reaching a positive outcome with this significant agreement and for their vision and support.

“The Agreement provides a range of financial and non-financial benefits for Native Title Holders and we are excited to continue working together into the future to create jobs, grow business and create more opportunities for the local community.”

Stoneburner added that securing approval ensures that “gas from Tamboran’s proposed Shenandoah South Pilot Project is expected to support the Northern Territory’s energy system, which is primarily powered by gas-fired generation.

“Meeting the energy requirements of the Northern Territory remains our primary near-term focus.”

The company said it aims to pursue long-term production developments after delivering its initial pilot project, which it sees as an important step in building a cooperative and sustainable framework with Native Title Holders in the Beetaloo Basin.