This excerpt from the above announcement isn't a vested narrative, just a pure, impartial assessment of a potential resource that has zero value ascribed to it.
If it proves to be accurate, it dwarfs the "mammoth" French find.
Buru's prospective 2H White Hydrogen Resources:In January 2023, 2H Resources received an independent third-party Hydrogen ProspectiveResource estimate from RISC Advisory for its South Australian petroleum exploration licenceapplication areas which indicated a range of risked prospective hydrogen resources acrossthe six application areas of between:49 million kilograms (1U) and 1.3 billion kilograms (3U)with a risked Prospective Best Estimate Resource (2U) of 343 million kilograms.(Refer ASX announcement 23 January 2023).These risked prospective resources can be viewed in thecontext of the widely accepted target price of $2 per kilogram for alternative methods ofhydrogen production to be competitive with hydrogen generated from fossil fuels.Prospective Resources relate to the estimated quantities of naturally occurring hydrogen gasthat may potentially be recovered by the application of future development projects toundiscovered accumulations. These estimates have both an associated risk of discovery andrisk of development. Further exploration and appraisal and evaluation is required todetermine the existence of a significant quantity of potentially moveable naturally occurringhydrogen gas.
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- Ann: Natural Hydrogen Business Update - CSIRO
Ann: Natural Hydrogen Business Update - CSIRO, page-34
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