Elixir Energy Limited

Elixir Energy Limited ASX:EXR

Company

Current Price

First Coverage

Date

Price

5 Day VWAP

VWAP Returns

Our Entry Price

Our Returns

ASX:EXR

$ 0.320

05-Jun-20

$ 0.036

$ 0.032

900%

$ 0.039

721%

Report		Date	Price	Current Return
	Mongolia’s First Gas Discovery	05-Jun-20	$0.036	789%
	How Our Investments Performed in Q1 of 2021	21-Apr-21	$0.405	-21%
	12 months on, a de-risked EXR continues to deliver	04-Jun-21	$0.28	14%
	Watch Now: EXR reveals hydrogen plans at International New Energy Summit	30-Sep-21	$0.245	31%

ASX:EXR

Our Current Returns

721%

Current Price	$ 0.320
First Coverage	05-Jun-20 $ 0.036
5 Day VWAP	$ 0.032
VWAP Returns	900%
Our Entry Price	$ 0.039
Our Current Returns	721%

Past Coverage

	Mongolia’s First Gas Discovery
	How Our Investments Performed in Q1 of 2021
	12 months on, a de-risked EXR continues to deliver
	Watch Now: EXR reveals hydrogen plans at International New Energy Summit

Overview

📋 What does Elixir Energy do?

EXR is exploring for coal bed methane (CBM), also known as coal seam gas CSG, across its 100%-owned 30,000km2 (7M acre) CBM Production Sharing Contract (PSC) on the Mongolia-China border.

🌏 Macro Theme

China’s new 5 year plan demands reduction of burning dirty coal for energy and aims to reduce reliance on foreign powers for energy supply.

EXR Corporate Milestones

✅ Portfolio Initiation & Energy Pick of the Year 2019
✅ $1.75M Capital Raise @2c per share
✅ MT Group non-Binding MOU for small scale LNG project
✅ MOU with Ministry of Energy
✅ $10M Capital Raise @36c (Institutional Investors)
✅ $16.6M Capital Raise @36c (SPP)
🔲 Unexpected Announcement 1
🔲 Unexpected Announcement 2
🔲 Unexpected Announcement 3

Natural Gas Project

Project Milestones

✅ 7 Wells Drilled in 2020
🔄 13 Wells Drilled in 2021
🔄 200km of Seismic Operations (2021)
✅ Prospective Resource Increased
🔲 Production testing well drilled at Nomgon
🔲 Production testing well drilled at Yangir
🔲 Update on Nomgon power station project
🔲 Other wells yet to be named based on seismic and analysis from other wells

2020 Drilling Results

🟩 Appraisal Core-hole 2 returns gas (Nomgon-1)
🟩 Lab Results: Fully Saturated Gas Nomgon-1
🟩 Appraisal Core-hole 3 intersects coal (Nomgon-2)
🟩 Core testing from Nomgon-2 returns gas
🟨 Appraisal well 3 intersects coal (Nomgon 3S)
🟨 Appraisal well 4 intersects coal (Nomgon 4S)
🟩 Appraisal well 5 intersects coal (Nomgon 5S)
🟩 Exploration well 1 intersects coal (Hutul 1S)
🟩 Lab Results: Fully Saturated Gas Nomgon 2
🟩 Exploration well 2 intersects coal (Yangir 1S)

2021 Drilling Results

🟩 Appraisal Core-hole 4 returns “sales gas” (Yangir-2)
🟥 Exploration well 3 does not intersect coal (Temee-1S)
🟥 Exploration well 4 does not intersect coal (Cracker 1-S)
🟥 Exploration well 5 mechanical failure (Manlai-1S)
🟩 Exploration well 6 intersects Coal (Richcairn-1S)
🟩 Core-hole 5 Drilled & Intersects Coal (West Yangir-1)
🟩 Core-hole 6 Drilled & Intersects Coal (Nomgon Central-1)
🔲 Lab Results Core-hole 5
🔲 Lab Results Core-hole 6
🟨 Appraisal well 6 intersects coal (Kingston-1S)
🟨 Appraisal well 7 intersects coal (Kingston-2S)
🟨 Appraisal well 8 intersects coal (Kingston-3S)
🔄 Appraisal well 9 (Nomgon 6)
🔲 New Well 12
🔲 New Well 13

Green Hydrogen Project

✅ Green Hydrogen Project Announced
✅ SODAR Machine Mobilised
🔲 Update on initial SODAR results
🔲 New Milestones Added

EXR Investment Milestones

✅ Initial Investment: @3.9c
✅ Increase Investment: @2.6c
✅ Increase Investment: @13c
✅ Price increases 500% from initial entry
✅ Price increases 1000% from initial entry
🔲 Price increases 2000% from initial entry
✅ 12 Month Capital Gain Discount
✅ Free Carry
✅ Take Some Profit
🔲 Hold remaining Position for next 2+ years