Elixir Energy Ltd.

Release Highlights:

• Elixir Energy Ltd. (ASX: EXR) announced it has raised USD 4.6MM / AUD 7MM through a placement of 199.5 million shares at USD 0.023 / AUD 0.035 per share, with participants receiving one free attaching option for every two shares issued, exercisable at USD 0.078 / AUD 0.12.
• The company is offering an SPP (Share Purchase Plan) to eligible shareholders in Australia and New Zealand to raise up to USD 1.3MM / AUD 2MM, providing an opportunity for shareholders to apply for up to USD 19.5K / AUD 30K worth of shares at USD 0.023 / AUD 0.035 per share with one free attaching option for every two shares issued, subject to shareholder approval at the General Meeting on 23 April 2025.
• The funds raised will primarily be used to fund the drilling of an appraisal well in ATP 2056, with the SPP closing on 15 April 2025 and new securities expected to commence trading on 26 April 2025.

Release Highlights:

• Elixir Energy Ltd. (ASX: EXR) has secured commitments for a ~ USD 4.6MM / ~ AUD 7MM placement, issuing 199.5 million shares at 3.5 cents per share. Shareholders participating in the Share Purchase Plan (SPP) will receive one free attaching listed option (EXROB) for every two shares, exercisable at 12 cents and expiring on October 17, 2026. The SPP offers up to 57.1 million shares at the same price and aims to raise up to ~ USD 1.3MM / ~ AUD 2MM, subject to shareholder approval at the April 23rd, 2025, General Meeting.​
• The SPP is open to eligible shareholders in Australia and New Zealand, allowing them to purchase shares at 3.5 cents each, matching the placement price. The offer closes on April 15th, 2025, is not underwritten, and incurs no brokerage or transaction costs.​
• Funds from the placement and SPP will primarily support drilling an appraisal well in ATP 2056. This tenement, along with ATP 2044 and ATP 2077, forms part of Elixir’s Taroom Trough and Grandis Gas Project, which have a combined 2C contingent resource of 3.0 TCFE. Elixir has also entered farmout agreements with Santos Ltd. for ATP 2056 and ATP 2057.​

Release Highlights:

• Elixir Energy Ltd. (ASX: EXR) has announced a Share Purchase Plan (SPP) aimed at raising up to USD 1.25MM / AUD 2MM at USD 2.2 cents / AUD 3.5 cents per share, with eligible shareholders able to apply for up to USD 18,650 USD / AUD 30,000 worth of new shares.
• The offer includes a free attaching listed option for every two shares acquired, exercisable at 12 cents and expiring on October 17, 2026, with no brokerage or transaction costs for participation.
• The funds raised will primarily be used to drill an appraisal well in ATP 2056, with shareholder approval required at the General Meeting on April 23, 2025, for the issuance of SPP shares and options.

Release Highlights:

• Elixir Energy Ltd. (ASX: EXR) has entered agreements to farm out its Mongolian gas and renewables assets, forming incorporated joint ventures (IJVs) with Gobi Terra (UK) Ltd., a UK-registered company controlled by Mongolian business interests. Under these agreements, Gobi Terra will acquire a 51% stake in the IJVs and fully cover all costs up to the final investment decision (FID).
• The Gas Farmout Agreement involves Elixir’s coal bed methane (CBM) business, with Gobi Terra funding all costs until FID. The agreement also includes an exit option, allowing Elixir to sell its remaining stake at USD 0.30/GJ of 2P reserves, with a maximum payout of USD 30MM.
• The Renewables Farmout Agreement covers Elixir’s Solar Ilch pre-development solar farm and wind/solar monitoring equipment, as well as all data/IP, with Gobi Terra funding all costs up to final investment decision. If Elixir chooses to exit, it can receive up to USD 3MM for a 50 MW solar farm and USD 3MM for a 200 MW wind farm, with a total possible exit valuation of USD 36MM / AUD 56MM.

Report Highlights:

• Elixir Energy Ltd. (ASX: EXR) has made significant strides in its Queensland operations, including the successful completion of the Daydream-2 appraisal well in the Grandis Gas Project, one of the largest ever in Australia, which revealed new gas flows from the Taroom Trough. Elixir also signed a Memorandum of Understanding with Australian Gas Infrastructure Group to enhance infrastructure, further strengthening its position in the region.
• Elixir has successfully expanded its resource base with the formal granting of ATP 2077, adding 712 billion cubic feet (bcf) of contingent resources to its portfolio. This marks a substantial increase in the company’s potential reserves, positioning it well for future growth and development in the domestic liquified natural gas (LNG) market.
• Looking ahead, Elixir is set to expand its Grandis Project through farm-out agreements with Santos Ltd over two exploration licenses in the Taroom Trough, significantly boosting its resource base to a total of 3 trillion cubic feet equivalent (TCFE). Additionally, the company is securing up to USD 5.7MM / AUD 9MM in capital funding to support the continued exploration and development of its projects.

Webinar Details:

• Elixir Energy Ltd. (ASX: EXR) will host an Investor Webinar on Monday, February 17th, 2025, at 12:00pm AEDST / 9:00am AWST via MarketOpen Direct Connect.
• Managing Director Neil Young and Chief Geoscientist Greg Channon will provide an update on the company’s expansion in the Taroom Trough, followed by a Q&A session.
• Register for free here: ttps://us06web.zoom.us/webinar/register/WN_rMR8xB9QSNWxU3w6GUVOwA