Gold Hydrogen's major Ramsay Project update

Gold Hydrogen (ASX:GHY) has announced critical findings from its Ramsay Project on the Yorke Peninsula, South Australia. Testing at Ramsay 1 and Ramsay 2 wells showed helium purities up to 36.9%, reportedly the highest ever in a non-petroleum system. The project shows potential for commercial natural hydrogen and helium extraction, with estimated resources of 1.3 billion kilograms of hydrogen and 41 billion cubic feet of helium.

Gold Hydrogen's strategic plans for the Ramsay Project

Gold Hydrogen's Ramsay Project has achieved groundbreaking helium purity levels, marking a significant milestone in their natural hydrogen and helium exploration. With a strategic focus on innovative exploration and commercial extraction, the company plans further drilling and exploration, including potential 3D seismic surveys. The project's prospective resources are considerable, with 1.3 billion kilograms of hydrogen and 41 billion cubic feet of helium. Gold Hydrogen is committed to developing a new gas province in South Australia, aiming to meet the growing global demand for these gases while ensuring environmental and community considerations are addressed. The Ramsay Project's success could redefine the landscape of natural gas exploration in the region.

Insights from Gold Hydrogen on helium discovery

Helium purity levels of up to 36.9% have been recorded at the well head, surpassing typical atmospheric concentrations by 50,000 times. CSIRO data confirms the highest helium purities ever sampled in Australian groundwater, with levels ranging from 20% to 25%. Helium samples have been sent to specialist labs in Australia, London, and Paris for isotopic and compositional analysis, with results pending. The Ramsay 1 and Ramsay 2 wells have shown the presence of Natural Hydrogen and Helium at the surface. A potentially prolific 180m thick Kulpara Dolomite Helium zone was identified with positive helium shows during exploration well testing. 2D seismic survey results suggest optimal locations for future drilling.