Elixir Energy Ltd (EXR.AX)

Sunrise over the Taroom Trough 🌅 I recently spent time on site with Elixir Energy Ltd (EXR.AX), capturing the flow testing of their Lorelle-3H well in Queensland’s Taroom Trough. Just about froze my fingers off flying the drone, the mornings are surprisingly cold! But I was pleased with how these shots turned out. The photos and video content we created will help tell the story of the project across Elixir Energy’s corporate communications and investor presentations. It’s exciting to help showcase this region and the oil and gas exploration work companies like Elixir Energy are doing as part of Australia’s energy future. Kingsley Rudeforth Stuart Nicholls

Elixir Energy is weighing up its next move in the Taroom Trough. The Queensland gas developer has raised $5 million as it launches a strategic review of how best to advance its extensive position across the emerging gas region. Elixir says recent exploration and appraisal work has confirmed the extension of key plays into its permits, while initial flow testing at Lorelle-3H has supported modelling for a potentially commercial development within ATP2056. Managing director Stuart Nicholls said growing industry interest in the Taroom Trough made it the right time to assess the company's options. Those could include self-funding further development, farming out interests to a partner, forming joint ventures or pursuing broader corporate transactions. The new funding will also support further testing and evaluation at Lorelle-3H and Diona-1 as Elixir continues building the technical case for its Taroom Trough assets. With appraisal progressing and strategic options now on the table, the focus is shifting towards how Elixir can move its Queensland gas position towards commercial development. Elixir Energy Ltd (EXR.AX) #NaturalGas #Gas #GasExploration #QueenslandResources

The latest episode of The Day's Play Podcast covers strategic expansion in Guyana, a new graphite resource, high-grade gold and fresh exploration results across the ASX. Featuring today: Liberty Metals Limited | InVert Graphite | Lachlan Star Limited (ASX:LSA) | Patronus Resources Ltd | Sierra Nevada Gold | Narryer Metals Limited | Green & Gold Minerals | Mammoth Minerals Ltd | iTech Minerals | Mount Ridley Mines | Polymetals | Alterity Therapeutics | SPORTS ENTERTAINMENT GROUP | WIA Gold | Elixir Energy Ltd (EXR.AX) | RLF AgTech Ltd | Pathkey.AI | Lake Resources N.L | Western Ridge Resources | Pacgold (ASX:PGO) | Vantage Metals | Minrex Resources Limited (ASX:MRR) 🎧Listen now on Spotify: https://bit.ly/4hoIi7L Stewart Walters | Davide Bosio | Johnathon Busing | Ben Kay GAICD #TheDaysPlay #ASX #SmallCaps #Mining #Resources #Gold #Graphite

The ASX newsflow stays active today, with fresh exploration results, resource updates and project developments across the market. Liberty Metals Limited (ASX:LIB) - secured a four year option over 90% of 40 granted mining permits covering approximately 180km² in Guyana’s Oko district. InVert Graphite (ASX:IVG) - established a 32.2Mt maiden Kumba graphite resource at 8.0% TGC, containing 2.56Mt of graphite, with 97% within 75m of surface. Lachlan Star Limited (ASX:LSA) - confirmed shallow high grade gold at New Waverley, including 16m at 5.3g/t Au with 4m at 20g/t Au. Patronus Resources Ltd (ASX:PTN) - confirmed shallow gold at Davies No.2, including 10m at 2.05g/t Au, supported by validated historical drilling. Sierra Nevada Gold (ASX:SNX) - discovered a polymetallic breccia 400m south of the Central Copper Zone, returning 11m at 1.15g/t Au and 108.7g/t Ag. Narryer Metals Limited (ASX:NYM) - identified shallow scandium mineralisation across approximately 1.7km at Pingrup, including 9m at 430ppm Sc₂O₃. Green & Gold Minerals (ASX:GG1) - returned high grade polymetallic mineralisation from maiden Copper Hills drilling, including 5m at 1.05% Cu and 205g/t In. Mammoth Minerals Ltd (ASX:M79) - extended shallow gold mineralisation 700m along the Buster trend, including 22.9m at 1.37g/t Au and 3.0m at 4.15g/t Au. iTech Minerals (ASX:ITM) - extended Falchion gold antimony mineralisation along strike and down dip, including 9m at 2.51g/t Au and 6m at 3.31g/t Au. Mount Ridley Mines (ASX:MRD) - achieved HREE recoveries of up to 83.1%, with scandium recovery reaching 80.0% and gallium recovery averaging 56%. Polymetals (ASX:POL) - returned broad, high grade Upper Main Lode sulphide mineralisation, including 39.0m at 502g/t Ag, 6.9% Zn and 5.4% Pb. Alterity Therapeutics (ASX:ATH) - secured new U.S. patent protection for ATH434 through at least 2045, covering its crystalline mesylate form and treatment methods. Trading Halts: #SEG Runs on the Board: WIA Gold | Elixir Energy Ltd (EXR.AX) | Liberty Metals Limited | RLF AgTech Ltd | Pathkey.AI | Lake Resources | Western Ridge Resources Selection Table: Pacgold (ASX:PGO) | Vantage Metals | Minrex Resources Limited (ASX:MRR) Today’s Sponsors: Pareto Capital Pty Ltd | OffshoreX | Relait READ HERE: https://lnkd.in/gnudBEtT SUBSCRIBE HERE: https://bit.ly/4s9RMX3 Nick Katris | Andrew Lawson | Andrew Tyrrell | John Ingram | Adam Oehlman | Quentin Hill | Glenn Poole | Michael Schwarz | Allister Caird | David Stamler | Craig Hutchison Stewart Walters | Davide Bosio | Johnathon Busing | Ben Kay GAICD #ASX #SmallCaps #Mining #Resources #Exploration #Lithium #Gold #CriticalMinerals #InvestorUpdates