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2026-11-06
◂ Monitor JGH ASX

Jade Gas Holdings Limited

Resource Stage · Others · Mongolia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.065
1D
—
1M
—
YTD
—
1Y
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Upside
Locked: sign in to view
Mkt cap
A$144.1M
EV
A$143M
Cash
A$11.3M
Debt
A$10.2M
2 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

2 assets

Core asset

Tavan Tolgoi Coal Bed Methane (TTCBM) Project

Mongolia

Resource Stage60% ownedOthers

PDO lodged with Mongolian MRC and 502 km2 proposed production licence area agreed, but approval and licence grant remain outstanding. PTBEL development funding framework is non-binding.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
NPVA$1.5B10% discount
IRR93%Published return

Dated third-party DCF calibration at US$30/Mcf and 10% discount rate; predates 20 July PTBEL cost-recovery framework and is not the fair-value anchor.

Resources & reserves3
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resource2C contingent resource (PRMS Development Pending)5.4K million Sm3 gross recoverable gasgreater than 97% methane in pilot gasOthers2026-02-01
Exploration Target2U prospective resource (PRMS)5.6K million Sm3 gross recoverable gascoal-bed methane; moveable hydrocarbons not yet demonstratedOthers2026-02-01
Ore Reserve2P undeveloped gas reserve (PRMS Justified for Development)316 million Sm3 gross recoverable gascoal-bed methaneOthers2026-02-01
Tenements2
ttcbm-licence-628Granted629 km2 · No expiry supplied
ttcbm-proposed-production-areaApplication502 km2 · No expiry supplied
Milestones5
  1. Appraisal Report approved

    Achieved · High materiality

  2. Maiden gas reserve registered

    Achieved · High materiality

  3. Execute definitive PTBEL collaboration and funding agreements

    Pending · High materiality

  4. Plan for Development of Operations lodged

    Achieved · High materiality

  5. Targeted deeper-gas 2D and 3D seismic

    Pending · Medium materiality

Permits & approvals4
PermitJurisdictionStatusExpiryCritical path
Appraisal Report approvalMongoliaGranted—No
MRC reserve registrationMongoliaGranted—No
Plan for Development of Operations approvalMongoliaPending—Yes
Exploitation licenceMongoliaRequired—Yes

Material

Baruun Naran Gas (BNG) Project

Mongolia

Early Explorer66% ownedOthers

Prospecting-stage CBM joint venture over the operating Baruun Naran coal mine; commercial pathway remains under appraisal.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Exploration TargetBest prospective resource65 Bcf gross prospective gascoal-bed methaneOthers2026-04-13
Tenements1
bng-prospecting-628Granted— None · No expiry supplied