Gold Hydrogen Expands Exploration Footprint in South Australia for Hydrogen Development
Key Ideas
  • Gold Hydrogen Ltd has significantly increased its exploration footprint in South Australia with a new petroleum license application, aiming to explore natural hydrogen and helium resources within the region.
  • The South Australian Government is investing over A$500 million in its Hydrogen Jobs Plan, constructing a state-of-the-art hydrogen power plant and a hydrogen hub for renewable hydrogen production and export.
  • Gold Hydrogen's strategic positioning near the planned hydrogen power facilities in Whyalla and Port Bonython, coupled with the growing demand for hydrogen in domestic and global markets, presents the company with opportunities for establishing a new gas province.
  • The company, through its subsidiaries and exploration assets covering vast areas in South Australia, is actively engaging with stakeholders, traditional owners, and local communities to progress its exploration and development initiatives responsibly.
Gold Hydrogen Ltd (ASX:GHY) has expanded its exploration footprint in South Australia by applying for a new petroleum license, PELA 792, covering approximately 1,900 square kilometers. This adds to the company's gas-related surface area, now totaling 77,292 square kilometers. The application is strategically divided into three areas, including sections close to the South Australian Government's planned hydrogen power facilities in Whyalla and Port Bonython. Gold Hydrogen aims to progress Native Title arrangements for PELA 792. In parallel, the South Australian Government is investing in hydrogen infrastructure, with plans for a hydrogen power plant in Whyalla and the Port Bonython Hydrogen Hub for renewable hydrogen production. Gold Hydrogen's exploration efforts are aimed at natural hydrogen and helium resources, aligning with the increasing demand for hydrogen in both local and global markets. The company's engagement with stakeholders and its strategic positioning near planned hydrogen facilities position it well to capitalize on the growing hydrogen market.
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