Slide 1: Building On Mongolia's First Gas Discovery
For personal use only ELIXIR ENERGY (ASX:EXR) Building On Mongolia’s First Gas Discovery 11 May 2020
Slide 2: Company Overview
Company Overview (ASX:EXR) For personal use only Building on a recent coal seam gas discovery on the Chinese border • In February Elixir announced Mongolia’s first CAPITAL STRUCTURE Current (million) CSG discovery Ordinary Shares (assuming $2M raised) 600 Listed Options (ex 6.79c by 31.12.20) 110 •
Slide 3: Board of Directors
Board of Directors For personal use only Highly experienced CSG team Richard Cottee Neil Young Stephen Kelemen Bayanjargal Non-Executive Chairman Managing Director Non-Executive Director Byambasaikhan Non-Executive Director • Former Managing Director • Former Business • Extensive technical and • Cha
Slide 4: February's Coal Seam Gas Discovery
February’s Coal Seam Gas Discovery For personal use only Nomgon-1 core-hole delivers a CSG discovery • Net coal intersected of 71 metres • Thickest coal seam (series 100 seam) package of ~50 metres, with net coals of 37 metres • Average raw gas content of series 100 seam measured at >5 m3 per tonne
Slide 5: First Year's Exploration Program
First Year’s Exploration Program For personal use only A history of delivery and discovery 2D Seismic Drilling Campaign Acquisition (4 wells) Q1 2019 Q2 2019 Q3 2019 Q4 2019 Last well of Multiple regulatory Seismic Processing campaign spuds approvals secured and Interpretation January Elixir’s First
Slide 6: Year 2 Exploration and Appraisal Program
Year 2 Exploration and Appraisal Program For personal use only Appraising a CSG Discovery Multiple regulatory Nomgon Appraisal 2D Seismic approvals secured Core-hole Acquisition Q1 2020 Q2 2020 Q3 2020 Q4 2020 COVID 19 Global COVID-19! Pandemic Field Mapping Exploration Strat-holes Elixir’s Second Y
Slide 7: COVID-19 in Mongolia
COVID-19 in Mongolia For personal use only Mongolia was an early mover to isolate from China – then the World • Borders vigorously controlled from January • Globally low cases recorded to date (less than 50) and no fatalities • No internal outbreaks • Ability to restart work programs in the South Go
Slide 8: Ongoing Ability to Operate
Ongoing Ability to Operate For personal use only Elixir is in a rare position to actively explore in the time of the virus • Strong local management in place • Experienced local sub-contractors • Same overall team as 2019 • Online supervision from Australia successfully trialled during Nomgon-1 well
Slide 9: Updated 2020 Fast Track Program
Updated 2020 Fast Track Program For personal use only Delineation & exploration program to commence shortly • Laboratory Data Analysis • Field Mapping Bag Area Exploration Strat-hole • Appraisal based around fully cored drilling (Core-hole) with desorption and 50 km 2D Seismic testing • Ultra-low co
Slide 10: 2020 Drilling Program
2020 Drilling Program For personal use only Drilling plans include a mix of a fully tested core-hole & strat-holes • Nomgon-2 appraisal core-hole well, with full desorption and testing • Three exploratory wells drilled as ultra-low cost strat-holes Bag Exploratory Chiphole Richcairn Exploratory Chip
Slide 11: Targeted Seismic Program
Targeted Seismic Program For personal use only 2D seismic program for 2020 focused on a large exploration target This 2020 2D Seismic Program investigates a very large Permian depocentre identified on gravity and confirmed by the 2019 2D seismic program. The extent of this half graben is in excess o
Slide 12: COVID-19 & Gas Markets
COVID-19 & Gas Markets For personal use only Gas shows its long term resilience as an energy commodity • Gas pricing is increasingly de-linking from weak oil markets. Some views (e.g. CEO of Shell recently) suggest oil demand could be peaking at present • Oil’s key markets are transportation related
Slide 13: Next Door to China's Gas Market
Next Door to China’s Gas Market For personal use only China’s rapidly growing appetite for gas will endure through COVID-19 (billion cubic metres) • Shell’s LNG Outlook 2020 (graph opposite) estimates Chinese gas demand will more than double by 2040 • China imports gas from every direction and seeks
Slide 14: Multiple Market Opportunities
Multiple Market Opportunities For personal use only Export pipeline only one option for Nomgon PSC Gas • Existing large-scale electricity transmission running through the PSC has large spare capacity and Mongolia’s grid needs new power sources • Local mining and mineral processing needs new power so
Slide 15: Investment Highlights
Investment Highlights For personal use only Elixir has a highly favourable risk-reward profile • Elixir delivers on strategy with first CSG discovery made in Mongolia • Rapid follow up with 2020 delineation and exploration program • 100% ownership position maximizes optionality to pursue value addin
Slide 16: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This document has been prepared by Elixir Energy Limited (ABN 51 108 230 995) (“Elixir”) in connection with providing an overview of its business to interested analysts/investors. This presentation is being provided for the sole purpose of providin
Slide 17: Contact Us
For personal use only Contact Us INVESTORS & MEDIA Neil Young Managing Director info@elixirenergy.net.au Phone +61 8 7079 5610 www.elixirenergy.net.au | 17 |