•	ADX has farmed out a 50% interest in an exploration area with in the ADX AT I licence to MND in return for a A$0.73 mm back costs payment plus A$7.34 mm funding in exploration drilling.
•	The exploration area farmed-out to MND includes the LICHT and IRR gas prospects. These prospects are close to infrastructure and considered low risk. One of these prospects will be drilled in 2H24. 
•	The LICHT prospect location (16.2 bcf gross best case prospective resources) has already received a drilling  .... 
                                                            
                                                 
                    - 06 Dec 2023 
ADX Energy (ASX: ADX): Adding further exploration prospects with MND to the FY24 programme
 
    Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
ADX Energy (ASX: ADX): Adding further exploration prospects with MND to the FY24 programme
                                                                •	ADX has farmed out a 50% interest in an exploration area with in the ADX AT I licence to MND in return for a A$0.73 mm back costs payment plus A$7.34 mm funding in exploration drilling.
•	The exploration area farmed-out to MND includes the LICHT and IRR gas prospects. These prospects are close to infrastructure and considered low risk. One of these prospects will be drilled in 2H24. 
•	The LICHT prospect location (16.2 bcf gross best case prospective resources) has already received a drilling  .... 
                                                            
                                                 
                                             
             
             
                 
             
            