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Xstate Resources Limited ( (AU:XST) ) just unveiled an update.
Xstate Resources has appointed Uno Makotsvana as Joint Company Secretary, effective immediately, to oversee a smooth transition of its governance, compliance and ASX reporting functions. Makotsvana, a Chartered Accountant with experience in ASX-listed energy and resources companies, will assume sole Company Secretary duties after the 29 May 2026 AGM, when current secretary Jordan McArthur steps down.
The board highlighted that the Diona project has been transformational for the company and is driving a renewed operational focus on Australia’s East Coast, making locally based corporate support increasingly important. Management praised McArthur’s long-standing contribution and said Makotsvana’s Sydney-based presence will strengthen administrative support for the company’s growing Queensland-focused oil and gas operations.
More about Xstate Resources Limited
Xstate Resources Limited is an ASX-listed oil and gas company focused on its Diona project in Queensland, Australia. The company holds a 51% interest in the Diona block within ATP 2077, where it spudded its first well, Diona-1, in September 2025, positioning itself as an emerging player in the East Coast energy sector.
YTD Price Performance: 88.89%
Average Trading Volume: 3,095,070
Technical Sentiment Signal: Hold
Current Market Cap: A$14.4M
For a thorough assessment of XST stock, go to TipRanks’ Stock Analysis page.