Gold Hydrogen Ltd (ASX:GHY) is poised for a major landmark in its ambition to supply clean energy with the drilling of the first natural hydrogen-purposed well in Australia set to take place within 24 hours on the flagship Ramsay Project in South Australia.
With all necessary approvals in place, GHY intends to drill the Ramsay 1 well to confirm the presence of natural hydrogen within the subsurface geological formations of the Ramsay Project, planning to mirror a historical well (the Ramsay Oil Bore 1 from 1931) and more broadly confirm the company’s geological understanding of the region.
Confirming the presence of natural hydrogen, especially in an economical-sized resource, would be the first step in achieving Gold Hydrogen’s objectives at the Ramsay Project.
Ramsay Project objectives
GHY describes its goals at the Ramsay Project (from a technical perspective) as the following:
- progress its natural hydrogen Prospective Resources to Contingent Resources and/or Reserves. This will involve the processes of discovery, appraisal and commercialisation; and
- mature portions of the granted title PEL 687 to Production Licence areas.
Natural hydrogen’s presence on the Ramsay Project was originally flagged in 2931 with three samples taken from the Ramsay Oil Bore 1. Hydrogen was encountered at three separate depths – 240.8 metres, 262.1 metres and 507.8 metres – which point to its presence within the Cambrian Parara Limestone.
Ramsay 1 is targeting the Parara and Kulpara limestone formations, which reside above a fractured granite basement.
Subject to the findings of this initial drilling campaign, the company is planning to test the granite basement as part of GHY’s future exploration activities.
Gold Hydrogen will also drill a second well, subject to government approvals and results from the first, likely in the November to December period if the decision to proceed is made immediately.