Life Elixir is a consumable item, which increases maximal life of user by 50. Can be used 2 times (you will need 2 portions of it). Also, it is required to have 500+ HP to use it.
Way of obtaining 
Edit
Firstly, you will need to have 2 items in inventory:
- Philosophers's Stone (is not consumed in process)
- Alchemical Bundle (gets consumed in process)
Then, you need to talk to Alchemist and you will see special option. Use it to get 1 portion of Life Elixir.
Alchemical bundle is crafted using fragments and luminite ore.
