Elixir Energy (ASX:EXR) hits coal sub-basin at Nomgon
SubscribeBe the first with the news that moves the market
Elixir Energy (EXR) discovers a new coal-bearing sub-basin at its Nomgon project in Mongolia
The company found the presence of coal through two strat-holes, Kingston-1S and Kingston-2S, which intersected 12 metres and 8 metres of coal, respectively
Notably, the Kingston 2S well is the deepest well that Elixir has drilled to date at the project
Later this year, Elixir is planning to drill a core-hole in the Kingston sub-basin to measure its gas content and permeability
Just before the market opens today, Elixir last traded at 23.5 cents per share
Nomgon
Hentiy
Mongolia
Neil-young
Elixir-energy
Bed-methane
Production-sharing-contract
Director-neil-young
மங்கோலியா
நீல்-இளம்
அமுதம்-ஆற்றல்
படுக்கை-மீத்தேன்