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The latest update is out from Gold Hydrogen Ltd. ( (AU:GHY) ).
Gold Hydrogen is preparing to begin a key flow testing campaign at its Ramsay Project, with equipment mobilisation targeted for late May and testing to start by late June. The program will conduct zonal tests across multiple hydrogen- and helium-bearing formations, marking the first production-style evaluation of the Ramsay wells and a critical step toward commercial assessment.
Independent re-interpretation of wireline data from the Ramsay 3 and Ramsay 4 wells has significantly upgraded the reservoir model, more than tripling gross reservoir thickness in Ramsay 3 and identifying extra porous zones for flow testing. These findings, coupled with strong geochemical indicators including soil gas readings of up to 2,160 ppm natural hydrogen, suggest expanded exploration potential south of the existing wells.
Phase I fluid inclusion studies indicate regionally extensive natural hydrogen and helium generation systems across the company’s large tenement holding, underscoring the strategic importance of the upcoming Ramsay flow tests. In parallel, Gold Hydrogen is working with engineering group Worley to examine early development options, including a possible fast-tracked helium project to serve Australia’s domestic market amid tightening global helium supply and rising prices.
A pilot soil gas sampling program over the Ramsay area returned some of the highest natural hydrogen concentrations reported in Australia using this method, with four samples above 500 ppm and a peak of 2,160 ppm. The ability of the technique to detect the known Ramsay 1 occurrence enhances confidence in its use for de-risking future drilling targets within PEL 687 and supports step-out exploration opportunities around the Ramsay Project.
More about Gold Hydrogen Ltd.
Gold Hydrogen Limited is an Australian energy exploration company focused on natural hydrogen and helium resources, with its flagship Ramsay Project located on South Australia’s Yorke Peninsula. The company controls a 77,292 square kilometre tenement portfolio and is targeting both domestic and potential export markets, particularly in emerging hydrogen and critical helium supply chains.
Average Trading Volume: 203,905
Technical Sentiment Signal: Sell
Current Market Cap: A$61.35M
For an in-depth examination of GHY stock, go to TipRanks’ Overview page.