Elixir's 'rinse and repeat' method yields further results

ELIXIR Energy has hit 16 metres of coal at its Richcairn-1S exploration well, part of its exploration and appraisal campaign underway, which could potentially see a new, extensive coal-bearing basin, at its 100%-owned Nomgon IX CSG PSC in southern Mongolia.

Elixir's 'rinse and repeat' method yields further results Elixir's 'rinse and repeat' method yields further results Elixir's 'rinse and repeat' method yields further results Elixir's 'rinse and repeat' method yields further results Elixir's 'rinse and repeat' method yields further results

Latest well opens new sub-basin potential

The company said on Friday that the Richcairn well has been completed, drilling to 792m and discovering 16m of coal and 20m of highly carbonaceous mudstone, or silty coal, based on wireline logs