Slide 1: QUPEX Presentation
For personal use only QUPEX Presentation 14 June 2022 ASX:EXR
Slide 2: 1. The Company
For personal use only 1. The Company 2
Slide 3: Company Overview
Company Overview For personal use only Elixir’s main asset is 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 – first mover in taking Australia’s leading skills to Mongolia Located on Mongolia
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 892M Other former
Slide 5: 2. Nomgon CBM PSC
For personal use only 2. Nomgon CBM PSC 5
Slide 6: 2022 Exploration/Appraisal Program
2022 Exploration/Appraisal Program For personal use only Wells • 2 Pilot Production Wells • 22 Exploration & Appraisal Wells • 1 short term pilot production test Seismic • 322 km 2D • Seismic re-interpretation Commercial • Progressing gas fired generation project with Government Field Work • 3 field
Slide 7: Extended Pilot Production Test
Extended Pilot Production Test For personal use only Aim • Dewater coals and flow gas from the Nomgon CBM discovery • Provide proof of concept for commercial development Wells • 2 production wells 100m apart • Depth to coal ~450m • Pressure monitoring wells 110 Schematic of Pilot and 400m along stri
Slide 8: Work program continues to expand
Work program continues to expand For personal use only 2022 ü “Rinse & repeat” model ongoing ü Consistently expanded each year Onwards Pilot, 22 wells, 322km 2D, Gobi H2 ü Maturing resources ü Low cost + ells ts + ot 2021 e w s Mor ore te ded pi l 17 wells, 1 ST production test & 528km seismic M xte
Slide 9: 3. Gobi H2
For personal use only 3. Gobi H2 9
Slide 10: Gobi H2 Project
Gobi H2 Project For personal use only • Mongolia combines: MOU with Govt • Exceptional renewable resources • A H2 market that can be Pilot feasibility reached by pipeline not boat study underway • These advantages make Gobi H2 a potential globally Tier Targeting Chinese One green hydrogen export ste
Slide 11: An advantageous location for H2 production
An advantageous location for H2 production For personal use only Large steel mills 11
Slide 12: Hydrogen Delivery Costs
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 costs multiples (~$20/GJ) of s
Slide 13: Pilot Project
Pilot Project For personal use only • Gobi H2 will develop a pilot project in the medium term • The pilot will serve to demonstrate viability and create confidence with multiple stakeholders: customers, policy makers, financiers, potential partners, local communities, etc • A 10 MW electrolyser pilo
Slide 14: Complementary Capabilities
Complementary Capabilities For personal use only • Elixir’s natural gas related operations in Mongolia require: • Good relationships with multiple levels of Government • Ongoing effective engagement with different energy related Ministries and regulators • Ensuring local Government bodies and their
Slide 15: 4. Queensland/Mongolia
4. For personal use only Queensland/Mongolia 15
Slide 16: Location, Location, Location
Location, Location, Location For personal use only • Gases are very expensive to move to customers – and shipping H2 is considerably more expensive than for CH4 • Locational advantages in terms of proximity to the world’s largest energy importer drove Elixir’s initial CSG strategy – and underpin Gob
Slide 17: Scale of licence area
Scale of licence area For personal use only GLNG Acreage Gladstone Nomgon IX ng o lia Mo m 0k Fairview na 37 Chi 410km Roma West East Pipeline 100km 100km
Slide 18: Geological comparisons
Geological comparisons For personal use only Mongolia Queensland Coal thicknesses Exceptional in places: 50 – 90 metres Maximum of ~30 metres Commerciality test much lower Gas content 5 – 15 m3/tonne measured to date 7 – 14 m3/tonne in productive areas Permeability Variable to date Highly variable S
Slide 19: Progress parallels Queensland ~ years ago
Progress parallels Queensland ~ 20 years ago For personal use only • Elixir commenced Mongolia’s CBM exploration in 2019. Since then: • All the geological ingredients required for success have been confirmed • Exploration has been highly capital efficient • The indigenous service sector has expanded
Slide 20: Hydrogen comparison
Hydrogen comparison For personal use only • Australia is one of the global leaders in terms of Government support for, and industry interest in, green H2 - however, its lead is a year or so at best – not decades • Location is a major disadvantage for Australia, given shipping H2 costs ~4 times more
Slide 21: 4. Conclusion
For personal use only 4. Conclusion 21
Slide 22: A Tale of Two Gases
“A Tale of Two Gases” For personal use only Nomgon CBM – CH4 Gobi H2 It was the best of times Very high gas prices It was the worst of times Transition needs new clean fuels It was the age of wisdom Natural gas a vital bridge It was the age of foolishness Many H2 projects ignore the science It was t
Slide 23: Corporate Highlights
Corporate Highlights For personal use only First mover CSG company Expanding program again Very strong balance sheet and in Mongolia – now a in 2022 – growing and de- 100% asset ownership provides growing industry attracting risking resources through a maximum strategic optionality wider interest ~2
Slide 24: 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 25: 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