InvestSMART

Gold Hydrogen Limited (ASX:GHY)

ALERT: Price-sensitive ASX Announcement for GHY
Current share price for GHY : $0.515 -0.02 (-3.74%)+
Announcement
Release
25 Aug 2026 9:17AM
Price at Release
$0.535
Full Release
download
Summary
Gold Hydrogen Limited announced the successful flow testing of the Ramsay 2 well, confirming the continuity of the helium-bearing Kulpara reservoir. Helium purities of up to 20% were achieved, consistent with previous results from Ramsay 1. The tests indicate an extensive helium reservoir, supporting the potential for commercial development with as few as two wells. The results provide strong evidence for reservoir continuity and productivity, and further de-risk the project, paving the way for a potential helium pilot project. The company plans to continue its testing program to define contingent resources and explore commercial opportunities.
Key Points
  • Ramsay 2 flow test confirms helium zone continuity with up to 20% helium purity.
  • Helium reservoir extends beyond Ramsay 1 well, indicating extensive reservoir connectivity.
  • Successful trial of Quantum Technology Purification Equipment.
  • Helium at up to 20% sustained air-corrected purities flowed to surface from Ramsay 2.
  • Ramsay 2 demonstrated strong reservoir deliverability with high well productivity.
  • Potential for commercial helium development with as few as two wells.
  • Planning for a helium pilot project and engagement with third-party partners.
  • Gold Hydrogen holds 100% working interest in the Ramsay Project located in Yorke Peninsula, South Australia.
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.