• Elixir has completed the Teelba 2D seismic survey on schedule and on budget, acquiring 225 km of modern high-resolution seismic
• The seismic data will be used to support a potential new 2C Contingent gas-condensate Resource
• The new seismic data will help Elixir engage with Sproule ERCE to define a potential new 2C Contingent Resource within ATP2057

Elixir Energy Limited (ASX: EXR, Elixir, the Company) has completed the Teelba 2D seismic acquisition in ATP2057 within Queensland's Taroom Trough both on-schedule and on-budget. Elixir, via seismic contractor Terrex Seismic, has acquired 225 km of new modern high-resolution 2D seismic across the western side of the Taroom Trough. The data acquired was along the western side of the Taroom Trough and immediately due south of Shell's permit and area of primary investment. The seismic is also on trend for the same Permian package of hydrocarbon-bearing reservoirs observed and measured in Elixir's Lorelle-3/3H appraisal well. This new 2D data will prove invaluable over time and, along with the Lorelle-3/3H well result (as well as other regional wells), is being used to engage with Sproule ERCE to define a potential new 2C Contingent Resource within ATP2057. The Teelba 2D seismic volumes are being processed by Total Seismic, where it is estimated to take approximately 6 weeks to complete processing all of the lines, with certain lines prioritized to support the aforementioned Resource booking process. Post-processing, Elixir will have met the work requirements and permit commitments for its February-2025 50% farm-in with Santos Limited (operator post seismic and holder of 50% working interest), which is a critical objective of Phase-1 of its Strategic Plan.