Elixir Energy slightly ahead of schedule with Daydream-2 drilling
November 20, 2023 at 02:51 pm EST
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Elixir Energy Ltd (ASX:EXR) MD Neil Young tells Proactive strong progress is being made in drilling the Daydream-2 appraisal well at the 100%-owned Grandis Gas Project in the Taroom Trough of Queensland’s Bowen Basin. EXR has also recently executed a Cultural Heritage and Management Agreement (CHMA) with representatives of the Mandandanji people. The agreement provides a long-term framework for managing cultural heritage matters across virtually all of ATP 2044 (the Grandis Gas Project), including as and when the project moves to a development phase.
“The board of Elixir was very pleased to meet with representatives of the Mandandanji people on country and execute a long-term CHMA,” Young said. “We believe this will provide a strong foundation for an ongoing relationship with the traditional owners, to our mutual benefit."
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Elixir Energy Limited is an Australia-based gas exploration and development company. The Company is focused on primarily focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM) in Queensland, Australia and the South Gobi, Mongolia. It is also developing Gobi H2 green hydrogen project and solar project in Mongolia. The Company holds 100% of a Queensland exploration permit ATP 2044, named Grandis Gas Project, located in the Taroom Trough of the Bowen Basin, Queensland. Its Grandis Gas Project covers an area of 1,000 square kilometers (km2) located close to existing gas transmission infrastructure centered on the Wallumbilla gas hub. he Nomgon IX CBM PSC (Nomgon Project) is located on the Mongolian Chinese border, around 400 kilometers (km) North of Chinaâs main gas transmission grid. The Nomgon Project license area covers 30,000 km2 (seven million acres). Its subsidiaries include Golden Horde Pty Ltd, GOH LLC, GOH Clean Energy LLC.