Constellation Resources Advances Exploration at Centre Forest Prospect and Expands into Natural Hydrogen Exploration
Key Ideas
- A strong chargeable anomaly measuring 1.1km by 300m has been identified at the Centre Forest Prospect at a depth of 300m, prompting a two-hole diamond drilling program.
- Constellation Resources is expanding its exploration into natural hydrogen across nine prospecting authorities in Western Australia, covering over 87,000km².
- The company is leveraging findings from CSIRO’s Kickstart initiative and is conducting gas sampling scheduled to start in June, aligning with the growing global hydrogen demand.
- With a focus on leveraging a first-mover advantage in zero-carbon hydrogen exploration, Constellation has initiated a geological review and core sample testing for porosity and organic content.
Constellation Resources is making significant advancements in exploration at the Centre Forest Prospect as part of the Ularring Copper-Gold Project. A recent geophysical survey has unveiled a strong chargeable anomaly measuring 1.1km by 300m at a depth of 300m, with chargeability levels of approximately 20 millivolts per volt. To further investigate, the company has launched a two-hole diamond drilling program to test the anomaly's northern extension.
In addition to their copper-gold exploration, Constellation is broadening its scope to include natural hydrogen exploration in Western Australia. Over nine prospecting authorities in the Edmund-Collier and Ashburton Basins, spanning 87,000km², the company is set to commence gas sampling in June. This endeavor is supported by insights from CSIRO’s Kickstart initiative and aligns with the projected fivefold growth in global hydrogen demand by 2050.
To strengthen their position in the zero-carbon hydrogen sector, Constellation has undertaken a geological review and is currently analyzing core samples for porosity, organic content, and soft rock potential. The company's strategic move to capitalize on the increasing demand for hydrogen is further reinforced by a AU$2.36 million capital raise.
Constellation Resources' proactive approach towards both copper-gold and hydrogen exploration positions them as a key player in resource development in Australia, aiming to secure a significant advantage in the evolving market landscape.
Topics
Investing
Resource Development
Capital Raise
Global Hydrogen Demand
Geophysical Survey
Copper-Gold Exploration
Diamond Drilling Program
Zero-Carbon Exploration
Australian Mining
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