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Gold Hydrogen Limited (ASX:GHY)

ALERT: Price-sensitive ASX Announcement for GHY
Current share price for GHY : $0.505 0.09 (21.69%)+
Announcement
Release
20 May 2026 9:56AM
Price at Release
$0.415
Full Release
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Summary
Gold Hydrogen Limited is advancing its Ramsay Project in South Australia, focusing on developing commercial Helium and Natural Hydrogen opportunities. Modeling by Worley indicates the potential for commercial viability at Ramsay, depending on Helium flow rates. With the global Helium supply under strain due to disruptions in Qatar and increasing demand, Gold Hydrogen sees a strategic opportunity to develop domestic Helium production, leveraging the high purities recorded at Ramsay. The company is pursuing an accelerated development timeline, considering both large-scale and modular approaches to Helium production, and has received interest from various stakeholders in its project.
Key Points
  • Gold Hydrogen Limited is working on the Ramsay Project in South Australia to explore commercial Helium and Natural Hydrogen potential.
  • Worley's modeling suggests Ramsay could be commercially viable with Helium flow rates of approximately 29 thousand standard cubic feet per day per well.
  • Gold Hydrogen plans to accelerate Helium development at Ramsay, leveraging high Helium purities recorded during testing.
  • Australia currently imports all its Helium due to the closure of the Darwin LNG Helium plant in 2023.
  • Global Helium supply is under pressure due to disruptions at Qatar's Ras Laffan facility, compounded by growing demand in sectors like AI and MRI.
  • Gold Hydrogen's Ramsay Project has recorded exceptional Helium purities, with air-corrected purities up to 36.9%.
  • The company is considering both scaled Helium development and a modular pilot plant by Quantum Technology for faster market entry.
  • There is significant interest in Gold Hydrogen's Helium potential, with multiple enquiries from potential partners and investors.
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.