Elixir Energy Ltd.

Release Highlights:

• The energy transition faces significant hurdles in physical, economic, and political aspects, and Elixir Energy Ltd. (ASX: EXR) is well-positioned to navigate with its strategic focus on natural gas. As energy demands grow globally, Elixir’s assets in the coal seam gas sector in Australia offer a critical role in bridging the gap between traditional and renewable energy sources, especially as countries strive to meet climate targets.
• Demand for liquefied natural gas (LNG) is expected to continue rising, with Elixir poised to capitalize on the growing global LNG market. Australia’s natural gas reserves, particularly Elixir’s exploration assets, are seen as crucial to meeting the future demand for cleaner energy sources, making Elixir’s position increasingly valuable amid global shifts in energy policies.
• The East Coast of Australia is currently facing a gas supply crisis, which Elixir aims to address with its exploration projects. With gas prices expected to remain elevated due to supply constraints, Elixir’s assets are positioned to meet both domestic and international LNG needs, making Elixir an attractive player in Australia’s future energy landscape.

Release Highlights:

• Elixir Energy Limited (ASX: EXR) is pleased to announce the receipt of a cash refund of AUD 7.9M from the Australian Tax Office under the Research Development (“R&D”) Tax Incentive Scheme.
• The refund is related to eligible R&D activities in FY 2024 incurred on Daydream-2. A further refund is expected next year in connection with expenditure incurred in the current financial year.
• A short-term loan secured against the R&D tax refund has been repaid in full.

Release Highlights:

• Prospective resources of 712 billion cubic feet (2U) booked in Sub-Block B of ATP 2077
• Farmout campaign for the Diona Block (Sub-Block C of ATP 2077) well under way
• Updated contingent resources for ATP 2044 expected before year end

Report Highlights:

• Elixir Energy Ltd. (ASX: EXR) successfully stimulated and flow-tested its Daydream-2 well, marking a significant milestone with gas production from multiple zones, including deep coals for the first time in Queensland’s Taroom Trough. Additionally, the formal award of ATP 2077 has added 173 Bcf of contingent resources to Elixir’s Grandis Gas Project, expanding its foothold in the Australian gas sector and enhancing future production potential.
• Elixir’s financial position remains robust, with a net cash balance of AUD 10.0M (USD 6.5M) at the end of the quarter. This strength is bolstered by a recent capital raise of AUD 6.25M (USD 4.1M) completed in July, alongside an anticipated R&D tax credit receivable of AUD 10.7M (USD 6.9M) related to the Daydream-2 program. Total exploration expenditure for the quarter reached AUD 6.8M (USD 4.4M), reflecting Elixir’s continued investment in its core Australian assets.
• In Mongolia, Elixir made steady progress on its Nomgon pilot project, focusing on de-watering coal seams to lower reservoir pressure and prepare for sustained gas production. Meanwhile, Elixir is actively reviewing its renewable energy assets to potentially support cleaner energy supply for local mining operations and the broader regional grid, aligning with Mongolia’s increasing demand for sustainable energy solutions.

Release Highlights:

• Elixir Energy Limited (ASX: EXR) is pleased to announce the execution of a non-binding Memorandum of Understanding (MOU) with AGI Development Group Pty Ltd, a subsidiary of Australian Gas Infrastructure Group (AGIG).
• The MOU provides the parties with an initial framework under which to investigate the potential development of gas infrastructure assets to support the possible future production of gas from Elixir’s Grandis Gas Project in the Taroom Trough.
• The key elements that the parties will initially consider will be in the areas of a new gas transmission pipeline to the Wallumbilla Hub; processing and compression facilities; and gas storage facilities. The parties may seek to bring in parties such as the owners of other complementary upstream assets and Government bodies into this process.

Presentation Highlights:

• The World needs more gas for longer – now explicitly recognised by Government policy. The East Coast has very strong pricing, a growing supply gap & LNG plant ullage.
• The Taroom Trough has multiple locational advantages to serve these markets. The Taroom is currently hosting multiple operator programs under which $100Ms are being spent.
• The massive Taroom unconventional gas play is starting to be unlocked with multiple achievements to date. The results from Daydream-2 have led to proving the BCG play in the Taroom and multiple technical breakthroughs.