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Elixir Energy Limited ( (AU:EXR) ) has shared an update.
Elixir Energy Limited has decided to write off the carrying value of its Mongolian assets, previously valued at AUD$34 million, by the end of the financial year on June 30, 2025. This decision aligns with the company’s strategic focus on its Taroom Trough assets and follows a recent request from a farminee to acquire Elixir’s residual interests in the Mongolian gas assets for US$10 million, reflecting the challenges in the global financial markets.
More about Elixir Energy Limited
Elixir Energy Limited is an Australian company operating in the energy sector, primarily focusing on gas exploration and production. The company is currently concentrating its efforts on its Taroom Trough assets, indicating a strategic shift in its resource allocation.
Average Trading Volume: 20,000
Technical Sentiment Signal: Strong Buy
Current Market Cap: $23.27M
For a thorough assessment of EXR stock, go to TipRanks’ Stock Analysis page.