Elixir Energy slightly ahead of schedule with Daydream-2 drilling

Melbourne, Victoria --News Direct-- Elixir Energy Ltd

Elixir Energy Ltd (ASX:EXR) MD Neil Young tells Proactive strong progress is being made in drilling the Daydream-2 appraisal well at the 100%-owned Grandis Gas Project in the Taroom Trough of Queensland’s Bowen Basin. EXR has also recently executed a Cultural Heritage and Management Agreement (CHMA) with representatives of the Mandandanji people. The agreement provides a long-term framework for managing cultural heritage matters across virtually all of ATP 2044 (the Grandis Gas Project), including as and when the project moves to a development phase.

“The board of Elixir was very pleased to meet with representatives of the Mandandanji people on country and execute a long-term CHMA,” Young said. “We believe this will provide a strong foundation for an ongoing relationship with the traditional owners, to our mutual benefit."

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