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Gold Hydrogen Limited (ASX:GHY)

ALERT: Price-sensitive ASX Announcement for GHY
Current share price for GHY : $0.405 0.065 (19.12%)+
Announcement
Release
30 Apr 2026 8:42AM
Price at Release
$0.340
Full Release
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Summary
Gold Hydrogen Limited's quarterly report for the period ending 31 March 2026 outlines several key activities and financial standings. The company is advancing the Ramsay flow test program with mobilization scheduled for late May and testing to start by late June. Significant upgrades have been identified in the Ramsay wells, enhancing the flow test's scope. The company observes strong market conditions for helium due to global supply disruptions and is exploring early development options to supply the Australian market. The financial report indicates a net cash decrease from operations by $3.06 million for the quarter and $12.495 million for the year to date. The company secured $13.792 million from financing activities during the period, with estimated funding sufficient for around 4.46 quarters based on current outflows.
Key Points
  • Mobilization of Ramsay flow test program scheduled for late May 2026.
  • Significant upgrades in Ramsay wells identified additional porous zones for testing.
  • Strong market conditions for helium with potential development in Australia.
  • Net cash decrease from operations by $3.06 million for the quarter.
  • Financing activities raised $13.792 million during the period.
  • Estimated funding available for approximately 4.46 quarters.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.