Georgina Energy Confirms Viability of Hussar and Mt Winter Projects

Mining, Minerals & Metals plc ( (GB:GEX) ) has issued an update.

Georgina Energy plc has published a scoping study for its Hussar and Mt Winter projects, confirming the commercial viability of developing a gas field capable of producing helium, hydrogen, LNG, and argon. The study highlights strong financial prospects, with a 40MMscfd raw gas flow scenario generating an IRR of 27.3% and an NPV of US$1.64 billion. The company is actively engaging with potential offtake partners in London and has a non-exclusive MOU with Harlequin Energy Ltd to facilitate the sale of its products. The study outlines significant revenue potential, with pre-tax profits estimated between US$7.3 million to US$208 million per annum, depending on production rates and gas prices. Georgina Energy is also exploring alternative development strategies and continues to refine its development models to optimize commercial returns.

More about Mining, Minerals & Metals plc

Georgina Energy plc is a development company focused on helium, hydrogen, and natural resources in Australia. It aims to become a leading player in the global energy market, particularly in helium and hydrogen production. The company operates primarily through its wholly owned Australian subsidiary, Westmarket O&G, with interests in the Hussar Prospect in Western Australia and the Mt Winter Prospect in the Northern Territory.

YTD Price Performance: -18.75%

Average Trading Volume: 1,488,785

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £6.31M

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