• Elixir has been granted a renewal of ATP2044 and awarded a Potential Commercial Area (PCA356) over 100% of the permit
• PCA356 covers 1,058km² and contains 1,362 BCFe of 2C Contingent Gas Resources
• Securing retention of the license for 15 years is a strategic imperative for Elixir

Elixir Energy Limited (ASX: EXR) has received notification of the award of the renewal of ATP2044 and the granting of a Potential Commercial Area PCA356 (Retention License) over 100% of the permit. PCA 356 covers 1,058km² within Queensland's Taroom Trough and contains the 1,362 BCFe of independently certified 2C Contingent Gas Resources that was discovered by the drilling and testing of the Daydream-2 exploration well in 2024. The securing retention of Elixir's significant Taroom Trough acreage without partial relinquishment is a strategic imperative of Phase 1 of the Company's Strategic Plan as released in May 2025. Elixir is the largest acreage holder in the Taroom Trough, which is geologically analogous to the Montney Formation in Canada and highly advantaged by its immediate proximity to the Wallumbillia Gas Hub, multiple gas pipelines, the nearby 25 mtpa of LNG export infrastructure, multiple refineries and sitting amongst the mature and well serviced onshore gas industry of Queensland. Elixir is aiming to appraise its ~2.8 TCF of independently certified 2C Contingent Gas Resources which borders Shell's primary area of investment across the Basin Centered Gas Play.

Post the drilling of Lorelle-3 and the acquisition of the Teelba 2D Seismic, 100% of Elixir's Taroom Trough acreage which spans 500,000 net acres (or more than 2,000km²) will be eligible to be retained under similar licenses giving the Company up to 15 years to participate in the joint de-risking and commercialisation of this exciting new play along with Shell, Santos and Omega.