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Our drilling plans for 2025 have taken a significant boost with a $6.45 million R&D tax refund landing in the Gold Hydrogen bank accounts.
 
With existing cash reserves of $7 million, we are now well positioned to finalise plans for the upcoming work program.
 
This will involve drilling multiple new wells, using results from last year’s first two bores and 2D data acquired in the second half of 2024. 
 
We will be targeting different pay zones and using a modified well design to help across a number of configurations.

The data from these wells, near Ramsay 1 and 2 on the Yorke Peninsula that produced record natural hydrogen and helium results last year, will finalise our pilot project area and design, with the aim of demonstrating the commercial production potential of both gases.
 
We’re also planning an extensive 3D seismic survey over the Ramsay Project area to optimise drilling locations for future exploration.
 
Meanwhile, we have welcomed Peter Bubendorfer on board as Chief Geologist, who will work closely with Frank Glass and Julien Bourdet. His experience in the CSG industry is particularly important for us, with the path to natural hydrogen commercialisation likely to be similar to that of CSG.
 
COO Josh Whitcombe has left for other opportunities and executive director Roger Cressey will assume that position on an interim basis.
 
It’s been a whirlwind start to 2025, and in case you missed it, I’d also like to draw your attention to these nuggets:

Gold Hydrogen features prominently in the first international index tracking the 10 most relevant publicly-traded companies in the natural hydrogen sector. We joined the new online platform, natH2investing.com, in an effort to capitalize on increased international interest and encourage investment. More details here.

We’ve featured as the centrepiece in a new investor explainer by sharemarket data and commentary website JustStocks. Author John Phillips said he had needed to cover the industry – in  a piece headlined Natural Hydrogen Extracted from the Earth’s Crust: An Energy Solution Beneath Our Feet? – because of a surge of interest in the sector. More details here.

Timely boost for new drill program