GHY trading halt, page-26

I’m impressed

GHY: Ramsay Project Update
Execution of MOU’s for Hydrogen Pilot Plant Collaboration

• Two non-binding Memorandums of Understanding (MOU) signed with Wasco Energy and H2Site for the parties to collaborate on a proof-of-concept natural hydrogen pilot project on the Yorke Peninsula.
• Gold Hydrogen, Wasco Energy and H2Site will work together to develop the design of a natural hydrogen pilot plant to be installed on the Yorke Peninsula, subject to the results of the Company’s maiden drilling campaign.
  Further to its previous market releases relating to its flagship Ramsay Natural Hydrogen Project, the Directors of Gold Hydrogen Limited (Gold Hydrogen, ASX: GHY, the Company) are pleased to announce that the Company has signed two separate non-binding Memorandums of Understanding (MOU’s) to enable the fast-tracking of a proof-of-concept hydrogen pilot plant, subject to the overall results of Gold Hydrogen’s maiden drilling campaign, which is currently in progress. The ‘concept’ simply being that if natural hydrogen can be produced from the subsurface as part of a raw gas stream, then that raw gas can be processed at surface to yield a high purity hydrogen gas which can be used as an energy source.

The MOU’s outline how the Company will work with Wasco Energy and H2Site to review the suitability of current hydrogen purification systems to facilitate a saleable hydrogen product to be compressed on site. As a proof-of-concept, the compressed hydrogen could then be sold into the local market or used for power generation (eg. via a hydrogen fuel cell). This would represent an important step in the process of enabling the full potential of the Ramsay area to be evaluated from a commercial perspective, and would also create the first natural hydrogen pilot plant in Australia.