Ann: Nomgon Pilot Operational Update, page-27

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RealityScience

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24/03/23

12:06

Post #: 66941175
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Originally posted by Jiminy50: ↑

Notes from Webinar today:

General:
A lot of focus on Nomgon, Mongolia and China with Grandis being touched on a fair bit but not the main jewel.
Neil at the end "if you have questions, ask me" - anyone who has issues with their approach, email Neil.

Nomgon:
Commerciality of Nomgon will result in conversion of exploration lease to production lease
If they do sell electricity, it will likely be to the Government, not private companies
Goal is not to be the seller of electricity, goal is to build reserve and introduce the right parties who will ultimately develop resource
Lifting of Covid restrictions in China has now allowed for members of these parties to begin to travel and progress discussions for Nomgon T/O
Appraisal wells in Yangir and Big Slope
Clarke Energy - they're an engineer, not financier etc. A lot of experience in Australia. Offtake by Government is required, Government is slow to progress MOU to PPA but still in progress.
Compressed Natural Gas option is probably much closer to market and faster to execute than PPA with Govt. and Clarke Energy power plant

Gobi H2:
PFS for H2 supported decision to progress with SBE to Term Sheet
China hosts 1/2 worlds steel production.
FEED / H2 Binding International JV by mid-year (from my experience with Nomgon pilot production, "middle of year" = "September")
Can't announce PFS results / details because of ASX restrictions however "it underpinned the decision by SBE (a $100B company) to progress to binding term sheet"
Can be funded in various ways, Asian Development Bank / European Economic Development and Reconstruction Fund

Grandis:
Engagement of the drilling company, land access being worked on (no binding agreement yet).
Waiting to see what neighbours / "Shell" do
"When we bring in a partner, it will show a level of validation" - WHEN, not IF

Expand

thanks great summary
was this from the second investor conference ?
Last edited by RealityScience: 24/03/23

EXR Price at posting: 11.8¢ Sentiment: Hold Disclosure: Held
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