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Jade Gas Holdings Limited (ASX:JGH)

ALERT: Price-sensitive ASX Announcement for JGH
Current share price for JGH : $0.120 0.034 (39.53%)+
Announcement
Release
1 Jun 2026 8:27AM
Price at Release
$0.086
Full Release
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Summary
Jade Gas Holdings Ltd has achieved a significant milestone with the approval of its maiden gas reserves by the Mongolian Minerals Reserves Council, marking the first such approval in Mongolia. This approval allows Jade Gas to formally lodge its Plan for Development and Operations (PDO) and apply for a Production Licence for the TTCBM Project in Mongolia's South Gobi region. The approved reserves cover a small portion of the Red Lake Field, signifying a major step forward in de-risking the project and enhancing its value. Jade Gas is focused on the commercial development of coal bed methane in Mongolia, aiming to provide a reliable and cleaner energy supply, thus supporting Mongolia's energy transition and reducing reliance on imported fuels.
Key Points
  • Jade Gas Holdings Ltd's maiden gas reserves approved in Mongolia
  • First-ever approval of natural gas reserves in Mongolia
  • Enables lodging of Plan for Development and Operations (PDO)
  • Allows application for a Production Licence
  • Significant de-risking and value accretion for the TTCBM Project
  • Covers 4.2 km2 of the Red Lake Field area
  • Key step in Mongolia's energy transition
  • Jade Gas focuses on coal bed methane potential in Mongolia
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.