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Elixir Energy Secures 48.5% R&D Funding for High-Stakes Lorelle-3 Well

8:35am on Monday 10th of November, 2025 AEDT Energy
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Elixir Energy Secures 48.5% R&D Funding for High-Stakes Lorelle-3 Well

8:35am on Monday 10th of November, 2025 AEDT
Key Points
  • Lorelle-3 well qualifies for up to 48.5% R&D tax refund
  • Drilling planned for January 2026 in Queensland’s Taroom Trough
  • Federal funding covers drilling, analysis, completion, and testing costs
  • Elixir to leverage lending facilities to accelerate funding
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