GHY – Gold Hydrogen Limited
.. Closure of the combined strategic investment of $14.5 million from Toyota Motor Corporation, Mitsubishi Gas Chemical Inc, and ENEOS Xplora Inc into Gold Hydrogen, as announced by the Company on 3 July 2025. The investment was undertaken via a placement of 20,714,285 fully paid ordinary shares at $0.70 per share, representing a premium of 22% to the Company’s closing price of $0.575 on the ASX on 02 July 2025.
…The strategic investment will fund further drilling in the Ramsay fairway, leveraging the results from the Company’s maiden drilling and well testing campaigns at Ramsay-1 and Ramsay-2, and will help to advance future downstream / commercialisation opportunities for the Ramsay Project.
… The Company has made a number of key appointments as part of the expansion of its management team, including Simon Talbot as Chief Commercial Officer.
… Exploration activities are scheduled to recommence with the spudding of the Ramsay 3 exploration well around 6 – 10 November 2025. For this upcoming program, the Company is planning to drill two or three wells to appraise specific target zones within identified structures.
… The well design for the 2025 / 26 campaign includes a larger diameter well bore to enable greater flexibility for well testing in Q1, 2026. The data to be gathered tfrom the drilling and testing of the wells in this campaign is expected to inform potential future pilot project area(s) and design(s), with the aim of demonstrating the commercial production potential of both Natural Hydrogen and Helium from the Ramsay Project.
and today:
Ramsay 3 Drilling Successfully Completed – World Class Elevated Levels of Natural Hydrogen Confirmed at up to 97% Purity
Highlights:
Ø Following the strategic investment from Toyota Motor Corporation, Mitsubishi Gas Chemical and ENEOS Xplora, the Ramsay Project 2025 drilling campaign continues with the completion of Ramsay 3 and the mobilisation of the rig to Ramsay 4.
Ø Ramsay 3 spudded on Monday 10th of November 2025 and reached total depth of 884.2m on 27 November 2025. Production casing was run to total depth on 29th November 2025, and the rig was released from Ramsay 3 on 30th November 2025.
Ø Several zones of elevated levels of Natural Hydrogen and Helium were detected and evaluated by the SLB DQ1000 gas detection system across multiple intervals within the Parara and Kulpara formations and in the Hiltaba Granite.
Ø World class elevated levels of Natural Hydrogen purity of up to 97% (air corrected) have been confirmed by initial analysis of samples taken from the Parara Formation. Further laboratory analysis of samples taken is ongoing.
Ø Baker Hughes wireline log interpretation, including nuclear magnetic resonance, acoustic imaging and resistivity imaging, supports intervals with favourable porosity, natural fracturing and fluid mobility characteristics consistent with the Company’s Natural Hydrogen model.
Ø Gas responses in Ramsay 3 correlate with key intervals in Ramsay 2, confirming continuity of these zones up-dip across ~2.3 km, significantly strengthening the geological model for a laterally persistent Natural Hydrogen and Helium system.
Ø Results of the formation evaluation program will continue to be analysed including third party lab analysis of Natural Hydrogen and Helium for samples collected. This will drive the scope for the Completions and Well Testing Program for the project, planned for Q1 2026, where long lead items have already been ordered.
Ø The rig is now shifting and rigging up to drill Ramsay 4, located 500m north of Ramsay 2.
