Gold Hydrogen received promising findings from the first stage of the soil-gas survey conducted by CSIRO as part of its research and development activities for the Ramsay Project in South Australia. The survey detected hydrogen in the soil at strategic locations, suggesting potential natural hydrogen seeps near geological faults. A technical survey conducted in Sept '21 estimated that Gold Hydrogen's PEL 687 holds ~555mmcf (2U) of prospective natural hydrogen. The company aims to drill wells in October 2023 to further verify and assess the hydrogen accumulation. Additionally, the presence of helium was encountered during the survey, warranting further investigation.
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