Elixir commences feasibility on Taroom Trough pipeline

• Elixir and APA Group execute agreement to complete feasibility work on pipeline to Wallumbilla Gas Hub
• Study to compare capex, opex, approvals and timeline for pipeline routes
• Results to include Class-V cost estimate and Level-1 schedule in 12 weeks

Elixir Energy Limited (ASX: EXR) and APT Management Services Pty Ltd, a wholly owned subsidiary of APA Group, have executed an Early Works Agreement to investigate the optimal path to market for gas produced from a notional and expandable 40 TJ/d Lorelle pilot project to the Wallumbilla Gas Hub. The study will compare the capital expenditure, operating expenditure, required approvals and time to serviceability for a pipeline from the Lorelle-3H location to the Roma to Brisbane Pipeline (~25km north) versus a pipeline directly to Wallumbilla (~50km northwest). The program will then include the feasibility works required on the chosen pathway to prepare for an entry into pre-FEED, which will include a Class-V capital estimate and a Level-1 schedule. This work is a critical input into the evaluation of a potential Reserves booking post the flow testing at the Lorelle-3H appraisal well, which is due to commence in June 2026. Elixir also expects to produce a significant quantity of associated condensate/light oil along with the gas from the notional Lorelle pilot, and a separate path to market and plant study will be conducted to optimise the sale and transport of these liquid volumes into the Queensland refining market.