Gold Hydrogen sees potential for "world-class" helium resource
Melbourne, Victoria
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February 23, 2024 10:00 AM Eastern Standard Time
Gold Hydrogen Ltd (ASX:GHY) CEO Neil McDonald joins Jonathan Jackson in the Proactive studio to talk about the potential for a "world-class" helium resource at its Ramsey Project. McDonald discusses how drill results from November 2023 revealed helium concentrations of up to 6.8% in raw gas and what that means for the company. He discusses what was found in the recent prospective resource report, the fact the company could be sitting on a globally leading helium project, what exploration is now slated and importantly how the company now has two definitive plays in South Australia with potential commercial concentrations of hydrogen and helium.
McDonald said: “The world-class results for the Ramsay Project continue with Gold Hydrogen being able to obtain this prospective resource report for helium. Our independent certifiers have been able to review all the historical and current data.
"To have them assess and report that we have 96 Bcf of helium (Mean) on the Ramsay Project, which only covers an area which is 25% of this granted permit, is an exceptional result and a huge value add to our company.
"Considering that helium projects are commercial around the world from 1% purity and we have 6.8% purity raw gas from recent exploration results, combining this with a market where helium is expected on a longer term basis to sell for approximately US$450 per Mcf, we may very well have a world-class helium project, and one with scale."
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Proactive Investors
Jonathan Jackson
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