Confirmation of Helium-3 at Ramsay Project
Released
Released
Announcement PDF
30 October 2024
ASX Announcement
Helium-3 Confirmed at Ramsay Project
Isotopic analysis by Oxford University confirms Helium-3 within the
Ramsay Project’s world leading 36.9% purity 1 natural Helium system
Gold Hydrogen Limited (ASX:GHY) is pleased to announce exciting developments and confirm
several major findings following the successful completion and an analysis of the inaugural drill
program at its 100% owned Ramsay Project in South Australia:
1. Ongoing Data Analysis and Positive Initial Results
Gold Hydrogen continues to receive and evaluate critical data from the Ramsay 1 and 2 wells,
including geotechnical measurements, flow rates, and chemical compositions, which are
continuing to show promising results.
2. Breakthrough Helium-3 Confirmation at Shallow Depths
Oxford University, specialist noble gas research laboratory within its Department of Earth
Sciences, has measured and confirmed the presence of Helium-3 (³He) in gas samples taken
from the Ramsay 2 well at depths from 280 meters to 1000 meters. The Oxford University
Department of Earth Sciences analysis confirmation includes that:
Helium purity levels of 36.9%1 rank among the highest ever recorded globally;
Levels of Helium-3 have been confirmed up to the magnitude of 901 ppt (atmospheric
3He is 7.2 ppt); and
The isotopic analysis results from samples tested suggest up to 3.47ppb 3He within a
36.9% Helium sample.
As this is a highly specialised area in isotopic research, ongoing exploration, sampling and
analysis will continue.
3. Helium-3 is an Extremely Rare and Valuable Gas
Helium-3 (³He), is an extremely rare gas to be found on Earth (7.2 parts per trillion (ppt) within
the atmosphere) and represents only a tiny fraction of the planet's Helium production, and
is primarily captured from the decay of Tritium in nuclear weapons. Information on naturally
occurring Helium-3 (³He) on Earth is extremely limited. The largest known source of Helium3 is the Moon, with its surface soil containing Helium-3 (³He) due to solar wind accumulation
over billions of years. In contrast, Earth’s Helium-3 (³He) confirmations found in natural gas
and volcanic emissions are extremely scarce.
1
All Helium sample results have been corrected for air and nitrogen contamination
Commercial supplies of Helium-3 (³He) could significantly impact the global energy market by
providing a clean, efficient fuel for nuclear fusion, potentially revolutionizing energy
production. Based on existing fusion technology (e.g. Tokamak fusion reactors developed by
companies such as Commonwealth Fusion Systems 2), Helium-3’s use in fusion reactors could
generate vast amounts of energy with zero or minimal radioactive waste, providing a
sustainable alternative to current energy sources. The scarcity of Helium-3 on Earth as the
fuel source for Tokamak reactors has been the major constraint on their scale-up and
commercial use. This has led to a number of companies from countries including the USA,
China and Russia pursuing plans to extract Helium-3 (³He) from lunar regolith in the coming
decade.
4. The Strategic Value of Helium-3 3
In addition to nuclear fusion energy, Helium-3 is a highly valuable and rare isotope,
indispensable in advanced fields such as quantum computing, cryogenics, medical imaging,
and nuclear material monitoring. With its neutron absorption capability, Helium-3 plays an
essential role in neutron detection and future technologies:
Current prices for Helium-3 exceed $2,500 per litre (USD 70.8 million per McF or USD
18.7 million per kg), over 140,000 times the value of Helium-4; and
This isotope is vital for nuclear fusion, a field seeing rapid advancements, especially
through projects like Commonwealth Fusion Systems, backed by major stakeholders
including the US Energy Department, Khosla Investments, and the Bill Gates founded
Breakthrough Energy Ventures2.
5. Collaboration and Innovation in Helium Extraction and Nuclear Fusion
Gold Hydrogen is in preliminary discussions with leading scientific and research
organizations, some of which (such as Interlune) are being funded by the US Department of
Energy, to advance technology for the separation of Helium-3 and Helium-4 in land-based
systems.
6. Projected Market Impact and Future Resource Utilization3
With the ongoing developments in fusion energy, demand for Helium-3 is expected to surge.
For example, a single 1 GW fusion plant may require up to 100 kg of Helium-3 annually,
representing a potential market value of $1.4 billion per 1GW fusion plant.
Foreign Policy News article (21 September 2021). Available at: https://foreignpolicynews.org/2021/09/21/withthe-fusion-breakthrough-by-commonwealth-fusion-systems-helium-3-is-becoming-a-national-security-issue-forthe-united-states/
3
Edelgas public article (22 October 2024). Available at: https://www.edelgasgroup.com/Helium-3-market-report
2
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
7. Natural Hydrogen and Helium Resource Potential
Current and historical data confirms significant Natural Hydrogen and Helium presence
across the PEL 687 permit area. Gold Hydrogen is preparing advanced drilling and exploration
designs to optimize extraction. The Ramsay Project currently has Best Estimate Prospective
Resources of 1.3 Billion kg for Natural Hydrogen, and 41 BcF for Helium. Refer Tables 6 and
7 for full details.
Together, the results achieved to date affirm that the Ramsay Project holds substantial
commercial potential to ultimately become a major producer of Natural Hydrogen and Helium.
Gold Hydrogen looks forward to further exploration, and the continued progress of this
groundbreaking initiative.
Gold Hydrogen Managing Director, Neil McDonald, commented:
“Helium-3 is an incredibly rare and valuable gas in high demand from the world’s largest countries
and companies. With advances in quantum computing and, especially, nuclear fusion, there’s an
urgent need for new Helium-3 supplies.
Commonwealth Fusion Systems (CFS), backed by investors such as Bill Gates Breakthrough Energy
Ventures, Jeff Bezos, Khosla Investments, and the US Department of Energy, has made
groundbreaking progress toward viable nuclear fusion technology. Further to breakthroughs such
as at that of CFS, a company called Interlune, also backed by the Department of Energy, are
advancing technologies to separate Helium-3 from domestic sources, eliminating the need for
moon-based extraction — an approach that would otherwise cost billions of dollars.
To confirm Helium-3 within a land-based system, as we have at the Ramsay Project, could be
revolutionary. With up to 100 kg of Helium-3 potentially needed annually to power a single 1 GW
fusion plant, we’re looking at the potential to participate in a substantial market forecast to be
worth an estimated $1.4 billion per 1 GW fusion plant. This rare and recoverable resource could
position Ramsay as a world-class project of strategic significance.
There is more research, work and exploration required to understand the source and generation
of the Helium, and we will press forward on this exciting opportunity.”
Further Background Information About Helium-3 4
Helium-3 is extremely rare and valuable - Helium-3 (³He), a rare and highly valuable isotope
that plays a critical role in cutting-edge industries.
Why Helium-3 is Critical - Helium-3 is a non-radioactive isotope of Helium, prized for its
neutron absorption capabilities and its unique role in neutron detection—vital for nuclear
material monitoring—and low-temperature physics experiments plus nuclear detection and
quantum computing. The Edelgas article also notes the growing interest in Helium-3’s
4
Edelgas public article (22 October 2024). Available at: https://www.edelgasgroup.com/Helium-3-market-report
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
potential applications in quantum computing and fusion energy, both considered
groundbreaking fields that could shape future technologies.
Limited Supply and High Market Value - Helium-3 is primarily produced from the decay of
tritium, a rare material, making global supply extremely constrained. The United States
remains the primary producer, with Russia and Canada offering limited contributions. Due to
its scarcity, Helium-3 trades at around $2,500 per litre (USD 70.8 Million per McF or USD 18.7
Million per KG) and commands prices over 140,000 times higher than that for Helium-4 which
is USD 400-500 per McF with a total market size of approximately $125 million annually at
present time.
Future Opportunities and Market Growth - The Edelgas article notes potential future sources
of Helium-3, including lunar mining and exploring underground sources such as volcanic
regions. These could significantly expand supply in the coming decades, particularly as
Helium-3 is being evaluated for use in fusion reactors. It is reported that a single 1 GW fusion
plant could require up to 100 kg of Helium-3 annually, representing a potential market worth
$1.4 billion per 1 GW fusion plant.
Gold Hydrogen Chairman and former Foreign Affairs Minister, Alexander Downer, commented:
‘’These results confirming Helium-3 is a material development for our Ramsay Project.
Superpowers China, Russia and the United States of America are planning exploration of the moon
to mine for Helium-3 – and although we are at an early stage and more exploration and analysis
needs to happen, we have found it here in South Australia which could be incredibly exciting not
just for South Australia, but Australia as a whole.’’
The Directors of Gold Hydrogen Limited (Gold Hydrogen, ASX: GHY, the Company) are pleased to provide
an operational update on the Company’s groundbreaking Ramsay Project on the Yorke Peninsula,
prospective for both Natural Hydrogen and Helium.
How is Naturally Present Helium-3 (3He) in the Subsurface Derived?
Naturally present Helium-3 (3He) in the subsurface derives from rock that interacted with the deep Earth
interior, the lower mantle being a primordial and undegassed material. For example, Mid-Ocean Ridge
Basalts (MORBs) are mafic rocks derived from larger mantle domains that appear to sample deep mantle
3
He transported to the melting domain in the upper mantle by large-scale mantle convection. 3He
enrichment is quantified by 3He/4He ratios relative to the 3He/4He ratio in air (R/RA). Granitic basement
rocks are formed by melting at the base of the continental crust and have very low range of 0.01-0.1 R/RA
due to their high content of radioactive elements (U, Th) generating 4He only and lack of mantle material
interaction. Enrichment in 3He in granitic basement can be a marker for intrusions of deep magmatic
material or interaction with deep mafic rocks.
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
Ramsay Project Helium Samples and Analysis
Minimum R/RA values are consistent with Helium being generated in felsic crystalline basement by the
radioactive decay of uranium and thorium. The more elevated values indicate enrichment in Helium-3 and
may be associated with intrusive magmatic rocks. The highest 3He content of 901 ppt was obtained from
a well constrained, unfractionated high helium sample. Further exploration and more data will be needed
to ascertain the processes involved in the Helium-3 enrichment, its source and generation.
He is primarily produced from the radioactive decay of tritium, a rare and controlled material. The source
of tritium is from nuclear reactors or nuclear weapons. Tritium is produced as a by-product in nuclear
reactors, particularly in heavy water reactors, where it is generated through neutron activation of lithium6 or boron, or from deuterium (heavy hydrogen) in the reactor coolant. Once produced, tritium is stored
until it decays into 3He, which is purified and repurposed. This involves collecting the tritium and storing it
in secure containers for a period typically around 12.3 years (the half-life of tritium), during which half of
the tritium decays into 3He. The 3He is then extracted from these storage containers.
3
Naturally occurring and radioactive waste free production appears as an ideal alternative source of 3He.
Exploration for subsurface fluids with elevated Helium-3 content flowing to surface combined with
innovative and low-cost separation represent a high-potential market space.
This is a highly specialised and technical field, with very little analogue data available from comparable
third-party gas projects. Accordingly, these sample results and analyses require ongoing work to assist
with the Company’s understanding of their potential in the context of the Ramsay Project and its
underlying geological systems.
Summaries of the laboratory results conducted by the Oxford University on the Ramsay 1 and Ramsay 2
wells are contained in Tables 1 and 2.
Further Background Information and Articles on Helium-3
https://www.edelgasgroup.com/helium-3-market-report
https://foreignpolicynews.org/2021/09/21/with-the-fusion-breakthrough-by-commonwealth-fusionsystems-helium-3-is-becoming-a-national-security-issue-for-the-united-states/
https://www.forbes.com/sites/roberthart/2022/12/13/nuclear-fusion-breakthrough-can-the-quest-forclean-energy-finally-help-tackle-the-climate-crisis/
https://www.techno-science.net/en/news/china-considers-catapulting-helium-from-the-moon-to-earthN25636.html
https://english.elpais.com/science-tech/2024-05-12/helium-3-mining-the-fuel-of-the-future-on-themoon.html
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
Overview of Exploration Well Testing Operations on the Ramsay 1 and Ramsay 2 Wells
The primary objective of the Ramsay 1 and Ramsay 2 well testing program was to obtain gas and fluid
samples for compositional and isotopic analysis. This has been achieved, with samples sent to established
local and international third-party laboratories in Australia, London and Paris.
Secondary objectives of the well testing program included the recovery of Natural Hydrogen and Helium
at surface from reservoir fluid and gas with pressure measurements. These objectives have also been
achieved, with additional recovered samples dispatched to the same international third-party laboratories.
From the complete suite of well testing data being compiled and analysed, Gold Hydrogen will better
understand the characteristics of the sub-surface formations and the potential Natural Hydrogen and
Helium reservoirs. This data will assist the Company in gaining technical insights into how the Ramsay
Project area could be further explored and appraised, including optimising future well designs and testing
strategies, as well as providing input for a future pilot plant / proof-of-concept plant design.
Well Testing - Compositional Analysis Results - Helium
As previously reported, the Company recorded a concentration of Helium of up to 17.5% 5 , in the MDT
sample taken at 778m during the drilling of Ramsay 2. During the Stage 1 well testing program, the
Company obtained two (2) pressurised gas samples with Helium concentrations of 12.6%5 at 642m, and
17.9%5 at 712m and, during the Stage 2 well testing program, Ramsay 1 recorded gas to surface at the
separator of purities up to 36.9%5 on an air and nitrogen corrected basis (refer Figure 1 and Tables 3 to 5
below for full details). The recorded Helium concentrations showed a consistent increase during the Stage
2 flow testing period of Ramsay 1, and did not appear to have reached a stable value at the end of the
testing period.
These Helium concentrations are currently believed to be the highest found in the world in a nonpetroleum system. By comparison, a recent large discovery reported by Pulsar Helium found a Helium
concentration of 13.8% (prior to any possible air-correction) from its Jetstream 1 well in Minnesota, USA 6.
Future Activities
Based on the integration of the drilling and testing results with the newly acquired Ramsay 2D data, Gold
Hydrogen in the process of planning a new drilling and data acquisition campaign to delineate the Ramsay
Natural Hydrogen and Helium accumulation.
This will involve a number of wells, specifically targeting the different pay zones within the identified
structure and using a modified well design to enable testing of the different zones with zonal specific
testing configurations. The data from these wells will constrain the pilot project area and design, with the
aim of demonstrating the commercial production potential of both Natural Hydrogen and Helium from the
Ramsay Project.
All Helium sample results have been corrected for air contamination
https://www.startribune.com/Helium-gas-drilling-iron-range-minnesota-pulsar-edelgas-duluthmetals/600351052/
5
6
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
In parallel, an extensive 3D seismic survey is being considered over the Ramsay Project area, to illuminate
the stratigraphic and structural subsurface complexities, in order to facilitate detailed resource
assessments and to optimise drilling locations for future exploration and appraisal wells.
The Ramsay 2D regional seismic data has revealed several Natural Hydrogen and Helium prospects, some
of which will be tested with dedicated exploration wells. Selection and timing of these wells will be done
in conjunction with the delineation drilling activities, in order to take advantage of the presence of the
drilling rig and experienced crew.
Groundbreaking Exploration Testing for Both Natural Hydrogen and Helium
The Ramsay Project well testing program was the first dedicated Natural Hydrogen and Helium well test
operation conducted in Australia, and to the Company’s knowledge, it is likely one of only a few in the
world.
The Company considers this to represent the initial steps of an exciting journey, which is not dissimilar to
that undertaken by various world-renowned ad ultimately successful oil and gas projects, such as the early
days in the CSG and shale industries. For those particular resources, the exploration and completion
techniques were developed and optimised over time, improving project economics and ultimately leading
to major projects being developed. The Company anticipates a similar path forward for its Natural
Hydrogen and Helium prospective resources, although the timeframe may be quicker as drilling and
completions technologies developed for other gas resources may be applicable to its Natural Hydrogen
and Helium projects.
First Key Step on the Journey to Future Potential Development
The Company is of the view that the Ramsay Project contains significant prospective resources of both
Natural Hydrogen and Helium, with large scale potential that it is aiming to appraise and develop over time
and with continued success.
There is very little data available for dedicated Natural Hydrogen and Helium wells anywhere in the world
due to the lack of analogue wells. To the Company’s knowledge, the only Natural Hydrogen field currently
in production is located in Mali, West Africa, where Natural Hydrogen production is used to power the
small town of Bourakebougou. It has been reported that the Natural Hydrogen wells in Mali do not have
any decline in production and are continually regenerating and producing at the same rate. 7
Helium is extremely valuable and indicatively, longer-term contracted bulk pricing is expected to
approximate USD450 or AUD$675 per Mcf (thousand cubic feet). 8
Natural Hydrogen has a high energy content, and extracting it even in small quantities may prove
commercial for localised applications. Furthermore, given that Helium was also found within both the
Ramsay 1 and Ramsay 2 wells, being able to extract and process both gases in small quantities may provide
potential short-term commercial and / or proof of concept opportunities to help progress the Ramsay
Project.
“Natural Hydrogen: a new source of carbon free and renewable energy that can compete with hydrocarbons”,
First Break Volume 40, October 2022 (available via www.goldHydrogen.com.au/technical-articles/ )
8
February 2024, www.nobleHelium.com.au , quoting Kornbluth Helium Consulting.
7
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
Ongoing 2024 Activities
To progress the current focus area of the Ramsay project, and to further explore the balance of PEL 687, a
large scale (circa 570km) regional 2D seismic project has been finalised, and is now in the process of being
interpreted and analysed alongside the Company’s other datasets. The objectives for the seismic program
were to assist in the delineation of the potential Natural Hydrogen and Helium accumulation(s), and to
support the identification of future drilling targets on the Yorke Peninsula.
Planning is also underway for further exploration activities which includes testing of additional prospective
structures, and the design of a potential 3D seismic survey over the larger Ramsay area.
Important Risk Commentary
It is important to note that there remain both geological and potential development risks associated with
the Ramsay Project and the Company’s commercial and business objectives. These risks relate to the
presence, recovery and potential volumes of both Hydrogen and Helium, but also due to the location of
the resource within agricultural areas and the proximity to National Parks on both Yorke Peninsula and
Kangaroo Island, requiring significant landholder and community engagement. The worldwide, Federal
and South Australian Government and industry efforts to secure Hydrogen as an alternative energy source
provides confidence that any technical and social concerns may be overcome.
About Gold Hydrogen
Gold Hydrogen is focused on the discovery and development of world class Natural Hydrogen and Helium
gases in a potentially extensive province in South Australia. This region has recently had its Natural
Hydrogen and Helium potential confirmed by the Company via its maiden drilling campaign. The domestic
and global demand for Hydrogen and Helium, combined with new exploration techniques and experienced
personnel, provides Gold Hydrogen with an extraordinary opportunity to define and ultimately develop a
new Natural Hydrogen and Helium gas province.
The combined permit area of the Gold Hydrogen group is approximately 75,332km2. Gold Hydrogen holds
one granted exploration license (the Ramsay Project - PEL 687) and its two 100% owned subsidiary
companies (White Hydrogen Australia and Byrock Resources) hold an additional seven (7) applications for
Natural Hydrogen and Helium exploration within South Australia. Gold Hydrogen is also the preferred
applicant for four (4) gas storage exploration licenses applications (GSELA) covering an area of 8,107km2
within the Yorke Peninsula portion of PEL 687 in South Australia. These storage licence applications are in
addition to the granted exploration licence and application licences.
The group’s permit areas are characterised by low population densities, cooperative stakeholders and
aspects of the natural environment suited to the exploration and development of a future Natural
Hydrogen and Helium gas province. Gold Hydrogen places considerable importance on close liaison with
landholders, traditional owners and all other stakeholders, and this approach has led to the grant of its
key tenement PEL 687 in South Australia. The Company intends to continue to invest in these efforts.
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
About Interlune
Interlune, a natural resources company, has recently grant funding from the U.S. Department of Energy to
pursue new technology that would separate Helium-3 from domestic Helium supplies. Notably, the
proposed approach would not require the production of additional tritium, which is used for nuclear
weapons and decays into Helium-3 over time. Currently, tritium decay is the only meaningful source of
Helium-3 production on Earth, and it is not scalable enough to meet rising demand. Technology
advancements such as this may help to ultimately establish a commercial market for Helium-3 in tandem
with other technological developments expected to fuel Helium-3 demand.
About Commonwealth Fusion Systems
Commonwealth Fusion Systems is a US based company which was spun out of the Massachusetts Institute
of Technology in 2018. It has raised USD2 Billion in capital with the aim of delivering an energy transition
based on nuclear fusion technology.
Further Information
Further information on the Gold Hydrogen group, its projects, and its Board and Management can be
found on the Company’s website (www.goldhydrogen.com.au) together with a copy of the Company’s
Replacement Prospectus of 29 November 2022.
Gold Hydrogen also has accounts on LinkedIn and Twitter (@GHY_ASX), and copies of market releases will
be emailed to all interested parties who register via info@goldhydrogen.com.au
This announcement has been authorised for release by the Managing Director.
On behalf of the Board
Karl Schlobohm
Company Secretary
For Company Enquiries Contact:
Neil McDonald – Managing Director
nmcdonald@goldhydrogen.com.au
+61 7 3521 8038
Karl Schlobohm – Company Secretary / CFO
kschlobohm@goldhydrogen.com.au
+61 7 3521 8038
For Media Enquiries Contact:
Matthew Doman – Crestview Strategy
matthew.doman@crestviewstrategy.com
+61 421 888 858
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
Prospective Resource Statements
The Prospective Resource Statements for Natural Hydrogen and for Helium have been included in this
announcement under the approval of Mr Billy Hadi Subrata, Chief Technical Officer for Gold Hydrogen,
who is a Qualified Petroleum Reserves and Resources Evaluator. Mr Hadi Subrata confirms that, as at the
date of this announcement, there is no change to information or additional information, since the effective
dates, that would materially change the estimates of prospective resources quoted.
Forward Looking Statement / Future Performance
This announcement may contain certain forward-looking statements and opinion Forward-looking
statements, including projections, forecasts and estimates, are provided as a general guide only and should
not be relied on as an indication or guarantee of future performance and involve known and unknown
risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside
the control of the Company and which are subject to change without notice and could cause the actual
results, performance or achievements of the Company to be materially different from the future results,
performance or achievements expressed or implied by such statements. Past performance is not
necessarily a guide to future performance and no representation or warranty is made as to the likelihood
of achievement or reasonableness of any forward-looking statements or other forecast. Nothing contained
in this announcement, nor any information made available to you is, or and shall be relied upon as, a
promise, representation, warranty or guarantee as to the past, present or the future performance of Gold
Hydrogen Limited.
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
Figure 1. Ramsay 1 Testing the open Helium Zone – concentrations increasing as testing continues as measured
from the separator (corrected for air and Nitrogen contamination)
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
Table 1: Summary of Helium-4 (4He) and Helium-3 (3He) Results (Oxford University) in Ramsay 2
Permit
Ramsay 2
UTM zone 53 GDA2020
747,707.85
6149385.46
PEL687
Entity holders
Gold Hydrogen 100%
Name:
Location
X
Y
Zone 23_sample
19
Zone
4_sample 32
Zone
5_sample 46
Zone
6_sample 62
Zone
7_sample 79
Helium
Hydrogen
Hydrogen
Hydrogen
Hydrogen
Basement
Kulpara Fm
Kulpara Fm
Parara
Limestone
Parara
Limestone
Parara
Limestone
>200m
Gross
180m Gross
155m Gross
406m Gross
406m Gross
406m Gross
Basement
Dolomite
Limestone
Limestone
Limestone
Limestone
1002 mMD
712mMD
530 mMD
384 mMD
343 mMD
289 mMD
Zones tested
Zone
1_sample 11
Resources
HydrogenHelium
Formation
Gross thickness
and net pay
thickness
Geological rock
type
Depth of the
zones tested
Type of test
Phase
recovered
[4He],
ccSTP/ccSTP
3
He/4He
R/Ra
3
He ppt
Flow rates,
choke size,
volumes
recovered
Fracture
stimulation
Material nonhydrocarbons
Noble gas abundance and isotopic quantification
Gas
Gas
Gas
Gas
Gas
Gas
1.44E-07
3.23E-07
0.23
0.05
6.52E-04
9.26E-09
0.0066
6.04
4.21E-08
1.72E-06
1.2306
0.07
5.54E-07
6.84E-08
0.0489
0.04
3.05E-08
1.55E-06
1.11
0.05
1.59E-07
7.57E-07
0.5408
0.12
TBA
Yes
None
Yes
None
None
Yes
N2, H2, He,
CO2
N2, H2, He,
CO2
N2, H2, He,
CO2
N2, H2, He,
CO2
N2, H2, CO,
CO2
N2, H2, He,
CO2
Gold Hydrogen Limited, Level 14, 110 Eagle Street (GPO Box 801) Brisbane, Qld 4000 | info@goldhydrogen.com.au | ABN 74 647 468 899
Table 2: Summary Table of Helium-4 (4He) and Helium-3 (3He) results (Oxford University) in Ramsay 1
Name:
Location
X
Y
Permit
Ramsay 1
UTM zone 53 GDA2020
748,208.07
6149545.7
PEL687
Entity holders
Gold Hydrogen 100%
Zones tested
Zone 1_sample 8
Zone 2-3_sample
109451
Zone 2-3_sample
109477
Resources
Hydrogen-Helium
Helium
Helium
Formation
Basement
Kulpara Fm
Kulpara Fm
>200m Gross
180m Gross
180m Gross
Basement
Dolomite
D
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