Slide 1: Annual General Meeting Managing Director's Presentation
For personal use only Annual General Meeting Managing Director’s Presentation 18 September 2020 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 is solely focused on the 100% owned Nomgon IX Coal Bed Methane (CBM*) Capital Structure Current Production Sharing Contract (PSC) project in the South Gobi region of Mongolia No of Shares 693M Highly experienced CSG team – in Australia and increasingly i
Slide 4: Board of Directors
Board of Directors For personal use only Highly experienced CSG team Richard Cottee Neil Young Stephen Kelemen Non-Executive Chairman Managing Director Non-Executive Director Former Managing Director Former Business Extensive technical and of CSG focused Queensland Development Manager at commercial
Slide 5: 2. Location and Potential
For personal use only 2. Location and Potential 5
Slide 6: Located on Chinese Border
Located on Chinese Border For personal use only 6
Slide 7: Very Large PSC Area
Very Large PSC Area For personal use only Elixir’s PSC in Mongolia covers a vast area comprising approximately 30,000km2 - equivalent to the size of Belgium 7
Slide 8: Developed Area
Developed Area For personal use only Well Located: • On the Mongolian Chinese border • Around 400 km North of China’s main gas transmission grid • Roads (sealed road from Ulaanbaatar through the PSC & into China) • Thousands of trucks shipping coal • Mines – Tavan Tolgoi, Oyu Tolgoi • Service sector
Slide 9: Large Resource Potential
Large Resource Potential For personal use only Only just touching the surface Add up multiple sub-basins and you have a resource size of interest to Majors and NOCs Many other sub-basins unexplored and untested Enormous scope for significant gas reserves Appraisal program to date is a very Only Nomg
Slide 10: Exploration and Appraisal program
Exploration and Appraisal program For personal use only 1. 2. 3. Discovery Exploration Resource First drilling program Second exploration Many more exploration discovered CSG in drilling program, drilling campaigns can Nomgon sub-basin stepping away from be conducted to fully Appraisal program in No
Slide 11: Mongolian CSG Playbook
Mongolian CSG Playbook For personal use only 1. 2. 3. 4. 5. Gravity and Detailed field Coal outcrop Nomgon was At least 10 regional mapping and seismic discovered more mapping leads to coal anomalies downdip of prospects in 6 guide to outcrops and generate CSG coal outcrops sub-basins potential coal
Slide 12: Operate all year round
Operate all year round For personal use only • Strong local management & experienced local contractors in place. Track record of procuring all required permits • Online supervision from Australia successfully implemented, with resident expats available as required • No import of equipment required •
Slide 13: 3. The Project
For personal use only 3. The Project 13
Slide 14: Nomgon Project
Nomgon Project For personal use only Nomgon-1 core-hole delivered a CSG discovery • Net coal intersected of 71 metres • Thickest coal seam (series 100 seam) package of ~50m, with net coals of 37m • Average raw gas content of main seam measured at >5m3/tonne and on DAF basis at ~9m3/tonnne • Tests fr
Slide 15: Technical
Technical For personal use only 1. Coals can be much thicker than in 2. Gas saturated coal seams mean Australia – more lower cost of energy dense per water handling in Some km2 – leading to pilot and observations likely lower cost per production stages GJ produced made during program to date 3. Very
Slide 16: Work Programs
Work Programs For personal use only • Numerous independent basins • Easy terrain for pipelines could readily link up sub-basins • Continuous process • Exploration is very low cost for oil and gas • Access is easy in global terms – not wet, no real snow, low population density, no rivers • Elixir emp
Slide 17: 4. The Opportunity & Markets
For personal use only 4. The Opportunity & Markets 17
Slide 18: Gas Markets
Gas Markets For personal use only BP 2020 Annual Energy Outlook China “China is the world’s most important “The outlook for gas is more gas market” Wood Mackenzie 5 August resilient than either coal or oil” 2020 “The global demand for gas…recovers from the near term dip associated with COVID-19 Mong
Slide 19: Multiple Market Opportunities
Multiple Market Opportunities For personal use only Existing large-scale electricity Cash-flow generation from e.g. transmission running through electricity generation & SSLNG the PSC to China has large spare can be early and modular capacity and Mongolia’s grid needs new power sources Local mining
Slide 20: Investment Highlights
Investment Highlights For personal use only Elixir delivers on strategy Rapid follow up with 100% ownership position with first CSG discovery 2020 appraisal and maximizes optionality in made in Mongolia this year exploration program multiple ways Low cost, safe and Multiple market channels, Gas symb
Slide 21: 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 22: Investors & Media
For personal use only INVESTORS & MEDIA Neil Young Managing Director info@elixirenergy.net.au Phone +61 8 7079 5610 www.elixirenergy.net.au www.elixirenergy.net.au