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- Examining potential to accelerate helium development at Ramsay
- Development supported by world-leading helium purity results
- Progressing commercialisation studies across multiple pathways
- Options include green methanol, power generation and fuel cell applications
Gold Hydrogen (ASX:GHY) is moving to accelerate development of the significant helium potential at its Ramsay project in South Australia. The opportunity comes at a time of severe global and local helium shortages and surging prices.
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Drilling and well-testing to date at Ramsay have confirmed exceptional gas purities, with natural hydrogen up to 97% and helium up to 36.9%.
Those numbers have been boosted by new studies undertaken by Worley, which has completed an independent high-level commercial assessment of three indicative helium production scenarios.
Modelling undertaken by Worley has also indicated that, based on the inputs provided by Gold Hydrogen, Ramsay may have the potential to be commercially viable with as few as two wells, assuming sustained helium flow rates of around 29 thousand standard cubic feet (Mscf) per day per well. Scaling to 10 wells is indicated by Worley to improve the NPV, IRR and payback for a gaseous product.
Gold Hydrogen MD, Neil McDonald, said the helium recorded across the Ramsay project has recorded air-corrected purities of up to 36.9%, against a typical commercial cut-off of 0.3%, and with global supply under unprecedented pressure, there is a strong case for moving quickly to capitalise on the opportunity for domestic helium production.
“We are excited at the potential for accelerating a helium development at Ramsay; working with Worley on commercial modelling parameters, aiming to move towards production wells off the back of a successful flow testing program, and ultimately re- establishing Australia’s domestic production and supply of helium.”
Gold Hydrogen plans to continue working with Worley to refine its models in parallel with the next flow-testing campaign at Ramsay, currently expected to start in June CY26.
In the meantime, the company has also called on local authorities to recognise how critical the current helium shortages are.
“Helium currently sits on Australia’s strategic materials list, but that is a holding pattern, and the events of recent weeks have laid bare just how exposed Australia is,” Gold Hydrogen chairman, Alexander Downer, noted.
“We import 100% of a gas that is essential to chips, MRI, defence and AI infrastructure, and the global supply chain recently lost roughly a third of its production overnight. It is time to move helium from the strategic materials list back onto Australia’s critical minerals list, where it belongs.
“Independent commentary, including a recent piece by the Australian Strategic Policy Institute, has put the issue plainly: no Helium, no chips.”
GHY was up +7.83%, to 44.8¢. Mkt cap $74.88M.
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