Path to Commercial Gas Production
TTCBM Project
High gas content and composition with thick gas bearing coal seams of interest
■ TAVANTOLGOI-XXXIII Production Sharing Agreement (PSA): 665 km²
area over the Tavan Tolgoi coal field (Jade 60%)
■ Eight wells drilled by Jade in 2019 defined targets for current drilling
■ PSA awarded in October 2020, with tenure up to 30 years
■ Gas bearing coal seams may extend through ~220 km² of coal fields to
south and southeast of the PSA area
■ Four of six wells drilled to date; up to 68 metres of gas bearing coals;
92.5%-98% methane; gas content of 11-15m³/t
Permeability test work ongoing, gas saturation measurements expected
within months
■ Permian coals within permit are similar in age to Bowen Basin, Qld
TTCBM Prospective Resources¹
Gross
Unit
Bcf
Low
216
Best
1,044
High
3,062
MGR Campo
Red Lake-6
Tavan Tolgoi
0
о
Red Lake-5
0
Red Lake-20°
Red Lake-3
Tavan Tolgoi coal field
Tavan Tolgoi coal mining activity
Major road
O
2019 drilling campaign
2021/22 Red Lake drilling
campaign
Central core area
Map by flatEARTH mapping.com.au | Contains data Open Street Map contributors.
• Red Lake-1
• Red Lake-4
Tavan Tolgoi
Tsogttsetsii
CENTRAL
2.5 km
CORE AREA
TT CBM Project Area
1. Prospective resources are undiscovered and have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. An Independent Technical Specialist Report (ITSR dated
24 June 2021, RISC Advisory) was provided in the Jade Prospectus (14 July 2021) and contains further detail regarding sources of and information in respect of the unrisked Prospective Resource Estimate above, which has been extracted from the ITSR. The additional information includes the basis of the probabilistic
estimates, further activities to be undertaken in respect of the TTCBM Project and an assessment of risks associated with the estimates. Jade has a 60% interest in MGR however the Net outcome for MGR is dependent upon the sharing requirements of the PSA which vary according to production rate, capital costs,
operating costs and pricing and are therefore currently indeterminate.
11View entire presentation