Elixir Energy

Elixir Energy Limited (Elixir) is an energy company with natural gas projects in Australia and Mongolia (and a green hydrogen project in the latter country as well).

The Company’s current main focus is on its Grandis Gas Project located in Queensland, Australia – where in the success case gas can be sold into both international and domestic markets. Queensland hosts a number of liquified natural gas (LNG) export facilities that have increasing spare capacity.

Elixir opened up coal bed methane (CBM) gas exploration in Mongolia in the last 5 years and after drilling more than 50 exploration and appraisal wells is currently running a pilot project with the intent of proving commercial gas flows.

Elixir also established Mongolia’s first green hydrogen project – “Gobi H2” and is currently partnered with a member of the Toyota Group in that venture.

It is increasingly recognized by global energy companies, Governments, NGOs and investors alike that natural gas will play a critical role in the energy transition for many decades to come. Well located gas resources will find profitable markets for the foreseeable future – and Elixir’s criteria for project selection has always been underpinned by their proximity to key markets.

Queensland is an existing gas province with multiple global players producing gas for both international and domestic markets. Particularly following the Ukraine War, Australia’s role as a secure supply source has been increasingly valued by the likes of Japan, South Korea, etc.

Over the last dozen years, Mongolia has emerged as a major supplier of energy to China in the form of coal – taking advantage of its immediate proximity. China is the world’s largest energy importer and also buys natural gas from multiple countries. From China’s point of view, Mongolia is a highly secure energy supplier.

Elixir offers exposure to two natural gas projects with great locational advantages and significant resource upside. Elixir has successfully positioned itself to get ahead of the much larger energy players who are generally required to develop such material assets. Elixir’s ability to deal with larger players is reflected not only in the histories of its Directors, but also in its recent successful procuring of a very large Japanese partner in the Gobi H2 venture.