Jade Gas Holdings Gets Mongolian Authority Approval for Coal Bed Methane Project Appraisal Report

MT Newswires Live

04/28

Jade Gas Holdings (ASX:JGH) received approval from the Mineral Resources and Petroleum Authority of Mongolia for its appraisal report for the Tavantolgoi coal bed methane project, according to a Tuesday Australian bourse filing.

The next stage in securing a long-term production license for the project is reserve booking, which will validate and register the company's maiden gas reserves under Mongolia's mineral and petroleum reporting standards, per the filing.

The company's shares fell nearly 2% in recent trading on Tuesday but earlier hit their highest since May 2024.

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