Gold Hydrogen advances Ramsay testing as helium market tightens

Gold Hydrogen Ltd. ( (AU:GHY) ) just unveiled an update.

Gold Hydrogen reported strong technical progress at its Ramsay Project during the March quarter, with mobilisation for a multi-zone flow test program scheduled to begin in late May and testing to commence by late June. The campaign will deliver the first production-style evaluation of discrete natural hydrogen and helium-bearing formations across the Ramsay wells, underpinned by upgraded petrophysical interpretations that have significantly increased identified reservoir thickness and test intervals.

Pilot geochemical sampling at Ramsay returned soil gas readings of up to 2,160 ppm natural hydrogen, which the company believes are among the highest reported in Australia using this method and point to potential project extensions south of existing wells. Phase I fluid inclusion studies indicate regionally extensive hydrogen and helium systems across Gold Hydrogen’s 77,292 square kilometre tenement portfolio, while supportive global helium market conditions are prompting parallel work with Worley on early development options, including a potential fast-tracked helium project to supply Australia’s domestic market and bolster sovereign helium capability.

More about Gold Hydrogen Ltd.

Gold Hydrogen Ltd is an Australian explorer focused on the discovery and development of natural hydrogen and helium resources in South Australia. The company controls more than 75,000 square kilometres of gas-related permits, including the Ramsay Project in PEL 687, and aims to establish a new domestic natural hydrogen and helium province in a market with rising global demand and no current Australian helium production.

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Current Market Cap: A$63.16M

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