Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump considers tax hike on Americans making $2.5...
GOP senators: Congress should vote on Trump’s potential...
White House highlights over $2B in savings from...
GOP talk on millionaire tax hike ‘makes no...
Trump’s first vice president urges his old boss...
Department of Justice opens criminal investigation into NY...
Trump claims ‘I don’t know her’ and ‘listened...
Rubio just got an additional job in Trump’s...
OpenAI’s Sam Altman thanks Sen John Fetterman for...
Former Supreme Court Justice David Souter dead at...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

ATP 2077 Awarded – Initial Contingent Resource Booking

by admin August 19, 2024
August 19, 2024
ATP 2077 Awarded – Initial Contingent Resource Booking

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to provide an update on the expansion of its 100% owned Project Grandis through the formal award of a 100% working interest in ATP 2077.

HIGHLIGHTS

ATP 2077 awarded by Queensland GovernmentATP is prospective for both deep and shallow gasIndependently certified 2C resources of 173 billion cubic feet

As advised to the market on 20 June 2024, Elixir was appointed as Preferred Tenderer for a new exploration area (PLR2023-1-7) in Queensland located adjacent to its existing ATP 2044 licence (see map below). This tender block has now been formally awarded to Elixir as ATP 2077.

The licence has an initial term of 6 years, has been awarded to Elixir on a 100% basis and does not contain any Government domestic market restrictions. The licence has 3 geographically separate sub-blocks as follows:

Sub-block A – this is located immediately proximate to ATP 2044 and contains similar Taroom Trough geology. The recent work undertaken on Project Grandis has underpinned an independently certified contingent resource booking in this sub-block – summarized in this announcement.Sub-block B – this also overlies the Taroom Trough. However, given the distance from Project Grandis it has been considered premature to book contingent resources on this area at this point in time. Elixir will assess the prospective resources for this block in due course.Sub-block C – this area lies outside the Taroom Trough and is adjacent to existing gas infrastructure such as the currently largely dormant Silver Springs gas storage asset. Work undertaken by Elixir’s technical team to date has identified some possible shallow drilling targets in this Sub-block.

Based on the work undertaken by Elixir in ATP 2044, the Company sought an independently certified contingent resource estimate (from international firm ERC Equipoise Pty Ltd – “ERCE”) for ATP 2077 Sub-block A – see table below. The subclass of Contingent Resources (as defined under the PRMS) is “Development Unclarified”, as of 16th August 2024.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
China Tightens Grip on Strategic Minerals with New Antimony Export Controls
next post
New Seismic Studies Upgrade Raya Prospect

You may also like

NorthStar Gaming Unveils Sports Insights 2.0

October 8, 2024

Trump Presidency: A Threat to EV Growth and...

August 30, 2024

Noble Completes Phase 1 Drilling on Boulder Project...

October 29, 2024

Finlay Minerals Enters into Earn-In Agreements with Freeport...

April 20, 2025

Green River Gold Corp. Announces an Expansion into...

January 25, 2025

New US Interior Secretary Moves to Expand Alaska...

February 7, 2025

Theia Diamond Drilling Delivers Best Result Yet

January 28, 2025

Heritage Mining Announces Encouraging Gold Results from New...

May 7, 2025

CNN Fear and Greed Index Plunges to Extreme...

March 5, 2025

XRG Investor Presentation FY24

September 13, 2024

Recent Posts

  • Trump considers tax hike on Americans making $2.5 million or more per year
  • GOP senators: Congress should vote on Trump’s potential Iran nuclear deal
  • White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days
  • GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says
  • Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (712)
    • Investing (2,058)
    • Politics (2,553)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.