Prominence Energy team collecting gas sample during PEL 803 soil gas survey.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Laboratory analysis confirms elevated helium and widespread natural hydrogen
  • Helium measured more than 12 times atmospheric background levels
  • Hydrogen concentrations more than 6,200 times atmospheric background levels
  • Results validate Prominence’s exploration model

Prominence Energy (ASX:PRM) has received a confidence boost with results of independent laboratory tests confirming the natural helium and hydrogen potential of its PEL 803 permit in South Australia.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

Gas chromatography (GC) analysis has now been completed by Atherium on soil gas samples collected during the recently completed PEL 803 soil gas survey (SGS) on the Eyre Peninsula.

“Independent validation of helium and hydrogen anomalies in PEL 803 is a significant de-risking milestone for the project,” COO, Dr Krista Davies, said.

“Importantly, these results were obtained under recharge conditions approximately 24 hours after probe installation, increasing our confidence that we are detecting naturally migrating subsurface gases.

“The results strengthen our geological model and provide a robust dataset for defining and ranking drillable targets. Our focus now turns to integrating these results with geophysical data to identify the highest priority locations for future seismic acquisition and drilling.”

Dr Davies said the independent laboratory results confirm strongly elevated helium and hydrogen concentrations across the survey area and independently validate the company’s exploration model at PEL 803.

“The results represent a significant technical milestone and provide a stronger foundation for advancing PEL 803 toward seismic acquisition and target definition.”

The laboratory program analysed 63 soil gas samples collected during the PEL 803 soil gas survey.

Results confirmed elevated hydrogen concentrations above atmospheric background levels throughout the survey area. The highest hydrogen anomaly measured a concentration of 3,427 parts per million (ppm). A total of 40 (64%) samples returned elevated hydrogen values above atmospheric background, demonstrating the presence of a widespread hydrogen system across PEL 803.

Elevated helium was also measured, up to a maximum of 63 ppm.

Dr Davies said the results complement the company’s earlier field measurements and support the interpretation of an active subsurface gas migration system.

PRM is up 25% to 0.3¢. Mkt cap $4.781M.

Join the discussion: See what HotCopper users are saying about Prominence Energy and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

prm by the numbers
More From The Market Online
The Market Online Video

HotCopper Highlights, Week 29: Dimerix licensing, lithium, & a Mesoblast milestone

In Week 29, HotCopper users kept their eye on Dimerix, Resolution Minerals and PYC Therapeutics. They…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham: The smoking gun hidden in Australia’s jobs data

Next week, all eyes will be on Australia’s jobs data with the release of the June labour force report.

Right observes high-grade tungsten from Blue metallurgical sample

Right Resources (ASX:RRE) has confirmed high-grade tungsten in a maiden metallurgical testwork program at the Blue prospect within the Tumbarumba region of

Nordic Resources further extends gold potential at Kopsa North

Nordic Resources (ASX:NNL) continues to expand its Kopsa gold-copper project in Finland with positive new drilling results.