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Jade said it is working in collaboration with Khangad Exploration, a subsidiary of the Hong Kong-listed Mongolian Mining Corporation, to develop this asset. [Image: Jade]
This initiative builds on the scoping work that Jade has already undertaken on small-scale LNG in the region.
Demand for lithium doubled Woomera Mining’s share price last week, but global oil and gas concerns put pressure on Adelaide’s energy stocks.
Talon Energy (ASX:TPD) has executed a binding deal with its partner at the Mongolian Gobi Desert-based Gurvantes gas project TMK Energy (TMK) to consolidate 100 per cent ownership of the asset.
The 2D seismic survey aims to enhance the existing data set obtained through Jade's previous exploration activities in the Red Lake area and beyond.