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Jade Gas Advances Mongolia Project with Reserve Booking and $1.8m Capital Raise
8:22pm on Friday 15th of May, 2026 AEST
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Energy
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Jade Gas Advances Mongolia Project with Reserve Booking and $1.8m Capital Raise
8:22pm on Friday 15th of May, 2026 AEST
Key Points
Maiden gas reserve booking imminent with Mongolian Minerals Reserve Council
Plan for Development of Operations to follow reserve validation
A$1.8 million capital raised to fund initial development phase
Two horizontal wells at Red Lake producing gas and water as expected
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