GHY 0.38% $1.34 gold hydrogen limited

Ann: Trading Halt, page-13

  1. 26,760 Posts.
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    They are releasing an Unrisked Prospective Resource statement, which means an arithmetic best guess of the undiscovered based on the observational data from Ramsey-1 & 2. So it could be both Helium, based on Ramsey-2 shallow depth discovery and even Hydrogen, although they missed at R-2 target depth, there were some more interesting observations at R-1. They have found nothing commercial to date and the point of producing these Prospective Resources will be to provide encouragement to raise funds for future drilling campaigns that would potentially lead to Contingent Resources (ie a statement of any actual commercial discovery) and subsequently, after further prospect wide drilling campaigns, eventually to book proven reserves.
    Last edited by CEOChair: 19/02/24
 
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