Elixir Energy Limited (“Elixir” or the “Company”) is pleased to announce a material increase in the contingent resources booking for its 100% owned ATP 2044 in Queensland (Project Grandis). HIGHLIGHTS Daydream-2 drilling results have led to a significant upgrade in contingent resourcesIndependent expert certifies 2C increase of 328% to 1,297 billion cubic feetFinal results post stimulation and flow testing in the coming months will feed into another independent certification The updated estimate of contingent resources in ATP 2044 is as set out in the table below. The subclass of Contingent Resources (as defined under the PRMS – illustrated in Appendix 1) is “Development Unclarified”. These estimates have been independently certified by international firm ERC Equipoise (“ERCE”). Notes: These are unrisked contingent resources that have not been risked for the chance of development and there is no certainty that it will be economically viable to produce any portion of the contingent…
