Although HXG personnel have engaged stakeholders recently, the previous management team from Ebony progressed the project considerably in terms of developing contacts and arranging meetings in the NT and QLD with government, landholders, stakeholders, Port of Darwin and rail in to Darwin. This process is time consuming and to cut through from previous work is a big plus. Given this, it is realistic to expect a drilling and a study to be released later this year. The Pedirka project ticks all the boxes for a large blue hydrogen project and with a significant and continually building interest in hydrogen it's in all our interest to progress at a fast pace. In previous media HXG has stated they will provide frequent updates so let's be patient for the next month or two to see how things go.
HXG Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
