It has applied for a Mongolian trademark for its new Gobi H2 name, and first signed an MOU with the ministry of energy in October to collaborate on hydrogen development.
It has provided one of its key deliverables promised to the ministry: a detailed analysis of the legal issues surrounding a potential green hydrogen project in Mongolia.
It engaged PriceWaterhouse in Western Australia and then hired local firm MahoneyLiotta for a local comparative analysis. It has previously said renewable energy possibilities are even better in Mongolia than WA.
"Elixir's hydrogen strategy rests on the view that the Gobi region of Mongolia is one of the best locations in the world for exporting green hydrogen, given its renewable resources and immediate proximity to likely hydrogen markets," the company said.
That market is the same as its planned market for its Nomgon IX CSG project: China.
The water produced from its CSG drilling may become feedstock for its green hydrogen; it works closely with driller Erdene, which is also the country's largest water driller.
In addition the two also ‘formalised' their relationship over procuring water for hydrogen through an agreement for the provision of water advisory services. The parties are currently planning field based water exploration and appraisal activities for later in the year.
The company plans to reduce its scope 1 and 2 emissions and also develop larger scale forestry and nature related offsets in the country.
"These are increasingly sought by international oil and gas companies to offset emissions in the production stage of operations," it said.
It is working with what it terms international finance institutions over project financing for its planned green hydrogen plant.
"A number of IFIs are present in Ulaanbaatar and Elixir has developed relationships with them.
Elixir managing director Neil Young said "all the work we are doing on our Gobi H2 project serves to reinforce our original starting concept: the country is a potential tier one location for large scale hydrogen exports".
"Elixir's first mover advantages are being progressively locked in and it is fantastic to see the rapidly growing interest in this future facing industry from multiple local and international stakeholders," he said.
Elixir is up 12.5% today to 18cps after a lengthy slide when several CSG wells in its 17 well campaign came up dry. In October shares were worth 32.8c each.