Elixir Energy Limited · ASX:EXR
Elixir Energy — Shareholder Meeting (October 2021)
23 slides from Elixir Energy's shareholder meeting presentation, Oct 28, 2021
Slide 1: AGM Managing Director's Presentation
For personal use only AGM Managing Director’s Presentation 28 October 2021 ASX:EXR
Slide 2: The Company
For personal use only 1. The Company 2
Slide 3: Company Overview
Company Overview For personal use only Elixir is focused on its 100% owned Nomgon IX Coal Bed Methane (CBM*) Production Sharing Contract (PSC) project in the South Gobi region of Mongolia Highly experienced CSG team – taking Australia’s leading skills to Mongolia Located on Mongolian/Chinese border
Slide 4: Capital Structure / Board
Capital Structure / Board Highly experienced CSG team For personal use only Richard Cottee Non-Executive Chairman Capital Structure Current (pre-raise) Former Managing Director of CSG focused Queensland Gas Corporation (QGC), taking it from market cap of $20M to $5.7B No of Shares 891M Other former
Slide 5: The Project
For personal use only 2. The Project 5
Slide 6: Located on Chinese Border
Located on Chinese Border For personal use only 6
Slide 7: Current State of Play – October 2021
Current State of Play – October 2021 For personal use only 1. 2. 3. 4. 5. Large First ~20 well Phase 1 of This stabilised Exploration and Prospective Contingent Appraisal Production Testing production test Resource (Risked Resource - program in program just is pre-cursor to best case of 14.6 matched
Slide 8: Historical Drilling in Nomgon IX
Historical Drilling in Nomgon IX For personal use only
Slide 9: Historical Seismic Acquisition in Nomgon IX
Historical Seismic Acquisition in Nomgon IX For personal use only 2021 524 km in 2 phases 2019 2020 131 kms 106 kms
Slide 10: Expanded Seismic Program for 2021
Expanded Seismic Program for 2021 For personal use only • Expanded program of seismic acquisition to 500km of 2D in 2021 • To date, 200km acquired in first stage – now processed and interpreted • Further acquisition of 300km well underway • Program will continue into subsequent years – seismic remai
Slide 11: Accelerated Drilling Program
Accelerated Drilling Program For personal use only • Accelerated drilling program to drill ~20 wells in 2021 • Exploration and appraisal targets across multiple sub-basins • Second then third rig introduced, notwithstanding COVID limitations • Program outcome designed to position Elixir as a leading
Slide 12: Nomgon-6 well
Nomgon-6 well For personal use only • Elixir has just undertaken a game-changing drill stem testing program at Nomgon-6, conducting a series of integrated tests including: – Air Assisted Flow Testing (AAFT) – Conventional Inflow Testing (CIT) – Injectivity Falloff Testing (IFOT) • The testing confir
Slide 13: Significance of Fluid Flow
Significance of Fluid Flow For personal use only 1. First early stage production test of its kind in Mongolia 2. Successfully completed with remote supervision 3. Strong gas and water flows 4. Gas flowed early in testing, supporting high gas saturation 5. First gas flow to surface for Elixir in Mong
Slide 14: 2022 Forward Program
2022 Forward Program For personal use only 1. Drilling 2. Pilot 3. Seismic 4. Development 5. Hydrogen 3 rigs drilling ~6 month Infilling our Matching results of Working with key exploration and program from a regional seismic pilot with our stakeholders to appraisal wells pattern of wells grid acros
Slide 15: The Opportunity & Markets
3. For personal use only The Opportunity & Markets 15
Slide 16: Chinese Gas Markets
Chinese Gas Markets For personal use only De-carbonisation in China is real Diversity and security of – but also realistic supply are paramount Current exceptionally high Asian gas The enduring role of gas as a bridging fuel has been highlighted prices being paid by China - > by recent global renewa
Slide 17: Our Competitive Advantage - Hydrogen Delivery Costs
Our Competitive Advantage - Hydrogen Delivery Costs For personal use only • Around 2/3 of the cost of Cost of gas-to-gas hydrogen transportation, including conversion and reconversion - 2030s producing green H2 are For hydrogen production of ~15PJ/year the cost of renewables • Shipping H2 by boat co
Slide 18: Green H2 feedstock
Green H2 feedstock For personal use only • Elixir has imported Australian built Sodar equipment into Mongolia to measure wind and solar resources to bankable standards • The Sodar has been deployed to the same region as where the Company’s current CBM operations take place • Elixir’s analysis shows
Slide 19: Investment Highlights
4. For personal use only Investment Highlights 19
Slide 20: Work program exponentially expanding
Work program exponentially expanding For personal use only ü “Rinse & repeat” model established ü Low risk and low cost 2022 Onwards ü Leading player in country Sustained Pilot testing ü Aiming to build a regionally material More & more ”rinse & repeat” gas resource resource adds 2021 20 wells, succ
Slide 21: Investment Highlights
Investment Highlights For personal use only Elixir’s program materially “Rinse and repeat” Financial strength reinforces expanding year on year. exploration/appraisal sustained 100% ownership Working around COVID program adding more and position - to maximise future more resources optionality Low co
Slide 22: 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 23: Investors & Media
For personal use only INVESTORS & MEDIA Neil Young Managing Director info@elixirenergy.com.au Phone +61 8 7079 5610 www.elixirenergy.com.au www.elixirenergy.com.au