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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
11 Jun 2026 8:21AM
Price at Release
$0.002
Full Release
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Summary
Prominence Energy Limited (ASX: PRM) announced the results of independent laboratory analyses confirming elevated helium and widespread natural hydrogen anomalies across PEL 803, Eyre Peninsula. Helium concentrations were found up to 63 ppm, significantly above atmospheric levels, while hydrogen levels reached 3,427 ppm. These findings, obtained under recharge conditions, reinforce the company's geological model and indicate an active subsurface gas system. Prominence aims to integrate these results with geophysical data to identify priorities for seismic acquisition and drilling. The analyses, conducted by Atherium Pty Ltd, used sophisticated gas chromatography techniques. Prominence is advancing towards drill-ready targets, enhancing its exploration efforts in South Australia.
Key Points
  • Independent laboratory analysis confirms elevated helium and natural hydrogen anomalies at PEL 803.
  • Helium levels measured up to 63 ppm, more than 12 times atmospheric background.
  • Hydrogen concentrations reached 3,427 ppm, over 6,200 times atmospheric background.
  • 64% of samples showed elevated natural hydrogen, indicating an active subsurface gas system.
  • Results support Prominence’s exploration model and target seismic acquisition and drilling.
  • Laboratory analyses were performed by Atherium Pty Ltd using advanced gas chromatography.
  • Geological data integration and target ranking are underway to define drill-ready targets.
  • Prominence Energy is headquartered in Perth and focuses on helium and natural hydrogen exploration in 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.