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Gold Hydrogen Ltd. ( (AU:GHY) ) has provided an announcement.
Gold Hydrogen reported successful drilling and completion of its Ramsay 3 and Ramsay 4 wells within PEL 687 on South Australia’s Yorke Peninsula, confirming elevated levels of natural hydrogen in the Parara Limestone and helium in the Kulpara Dolomite, with initial lab results from Ramsay 3 indicating natural hydrogen purities of up to 97% (air corrected). The company’s enlarged wellbore design for its 2025/26 campaign is intended to enable more flexible well testing in early 2026, with results expected to guide potential pilot project areas and designs and support decisions on commercial development, reinforcing the continuity and scale potential of the Ramsay Project and Gold Hydrogen’s broader exploration portfolio.
The most recent analyst rating on (AU:GHY) stock is a Sell with a A$0.37 price target. To see the full list of analyst forecasts on Gold Hydrogen Ltd. stock, see the AU:GHY Stock Forecast page.
More about Gold Hydrogen Ltd.
Gold Hydrogen Ltd is an Australian exploration company focused on discovering and developing natural hydrogen and helium resources in South Australia. The company controls more than 75,000 km² of gas-related permit areas, including the Ramsay Project (PEL 687) on the Yorke Peninsula, and multiple additional licence applications for natural hydrogen, helium and gas storage. It aims to capitalise on rising domestic and global hydrogen demand and the scarcity of helium, positioning itself to establish a new natural hydrogen and helium gas province in Australia.
Average Trading Volume: 204,496
Technical Sentiment Signal: Sell
Current Market Cap: A$73.08M
For an in-depth examination of GHY stock, go to TipRanks’ Overview page.