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Prominence Energy Limited (ASX:PRM)

ALERT: Price-sensitive ASX Announcement for PRM
Current share price for PRM : $0.001 -0.001 (-50%)+
Announcement
Release
7 May 2026 8:17AM
Price at Release
$0.002
Full Release
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Summary
Prominence Energy Limited has announced initial results from a soil gas survey conducted at their PEL 803 license area, confirming the presence of natural hydrogen, helium, and methane. The survey results are considered conservative due to the high soil moisture, which typically suppresses gas migration, suggesting the potential for more significant subsurface gas accumulations. The helium concentrations were found to be significantly above atmospheric levels, supporting a radiogenic origin linked to uranium and thorium enriched in granite bodies. Hydrogen and methane also showed notable concentrations, aligning with major geological structures, indicating a working fluid system. Autonomous monitoring further confirmed active, dynamic seepage systems at various points. The findings significantly de-risk exploration and suggest PEL 803 as a prospective asset for natural hydrogen and helium. Next, Prominence Energy plans to integrate these results with geophysical datasets to define and rank drill-ready targets.
Key Points
  • Initial survey confirmed natural hydrogen, helium, and methane in PEL 803.
  • Measured helium concentrations exceed seven times atmospheric levels.
  • Hydrogen showed instantaneous concentrations up to 1,105 ppm.
  • Survey conditions with high soil moisture suggest conservative measurements.
  • Findings align with key geological features indicating potential subsurface accumulations.
  • Autonomous monitoring suggests dynamic, replenished subsurface systems.
  • Next phase will integrate survey results with geophysical data to identify drill-ready targets.
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.