Quarterly Activities Report for the Period Ended 30 June 2024

Elixir Energy (ASX:EXR) is pleased to release its quarterly activities report for the period ended June 30, 2024.

• Daydream-2 program has now resumed following operational interruptions in the quarter
• Material 328% increase in independently certified 2C contingent resources booked
• Elixir preferred tenderer for new acreage in Queensland to expand Project Grandis
• Nomgon Pilot Project on track for sustained gas breakthrough by year end
• New equity funds and non-recourse debt strengthen the balance sheet

MANGAGING DIRECTOR’S REPORT TO SHAREHOLDERS FOR THE QUARTER

The Daydream-2 appraisal program was again the key focus for Elixir during the quarter – and that remains the case moving into July and beyond.

In April we were very pleased to conduct a successful flow-test on the Lorelle sandstone – achieving a stabilized flow rate of 1.3 million standard cubic feet per day (mmscfd).1

We thereafter moved into the stimulation phase of the program, but experienced some operational problems – since rectified – which caused a few months delay.

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