Gold Hydrogen Expands Exploration Footprint in South Australia for Hydrogen Resources
Key Ideas
  • Gold Hydrogen Ltd has applied for a new petroleum license, PELA 792, expanding its gas-related exploration area in South Australia by approximately 1,900 square kilometers.
  • The company's expansion aligns with the South Australian Government's significant investments in hydrogen infrastructure and its Hydrogen Jobs Plan, including a hydrogen power plant near Whyalla and the Port Bonython Hydrogen Hub.
  • Gold Hydrogen aims to establish a new gas province in the region by exploring and developing natural hydrogen and helium resources, driven by both domestic and global market demand.
  • The company maintains active engagement with stakeholders and traditional owners, emphasizing collaboration and responsible resource exploration practices in its operations.
Gold Hydrogen Ltd, listed on the ASX as GHY, has expanded its exploration footprint in South Australia by applying for a new petroleum license, PELA 792, which adds 1,900 square kilometers to its gas-related exploration area. This brings the total area to 77,292 square kilometers. The license application includes areas adjacent to existing holdings and areas close to the South Australian Government's planned hydrogen power facilities in Whyalla and Port Bonython. The article highlights the South Australian Government's investments in hydrogen infrastructure, with over A$500 million allocated to the Hydrogen Jobs Plan. This includes a state-of-the-art hydrogen power plant near Whyalla and the development of the Port Bonython Hydrogen Hub for renewable hydrogen production. Gold Hydrogen's exploration efforts in the region aim to capitalize on the demand for hydrogen and helium, with the company confirming the presence of these gases through its drilling campaigns. The company holds exploration assets through subsidiaries and has multiple license applications in South Australia for natural hydrogen and helium. Gold Hydrogen is also the preferred applicant for gas storage exploration licenses in the Yorke Peninsula section. The company emphasizes collaboration with stakeholders, traditional owners, and local communities to ensure responsible exploration practices.
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