Taroom Gas Infrastructure MOU signed with AGIG

HIGHLIGHTS
• Elixir executes MOU with Australian Gas Infrastructure Group (AGIG)
• AGIG is one of the largest gas infrastructure businesses in Australia
• The MOU promotes developing new gas infrastructure for Elixir’s Taroom Trough gas resources

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to announce the execution of a non-binding Memorandum of Understanding (MOU) with AGI Development Group Pty Ltd, a part of the Australian Gas Infrastructure Group (AGIG).

The MOU provides the parties with an initial framework under which to investigate the potential development of gas infrastructure assets to support the possible future production of gas from Elixir’s Grandis Gas Project in the Taroom Trough.

The key elements that the parties will initially consider will be in the areas of a new gas transmission pipeline to the Wallumbilla Hub; processing and compression facilities; and, gas storage facilities. The parties may seek to bring in parties such as the owners of other complementary upstream assets and Government bodies into this process.