Dear Gold Hydrogen supporter,
When you’re a pioneer in a new exploration industry, it can be difficult to get key validation points to shareholders and interested parties.
As one of the few public companies worldwide in the natural hydrogen space, many of our peers have the ability to keep their exploration data secret.
Which is why the decision by French scientists this week to reveal more details of their large find in the Lorraine region is so important for the industry.
In what we assume is something similar to the prospective resource process we follow here, scientists from France’s National Centre for Scientific Research say they estimate the Moselle field holds 46 million tons (46 billion kilograms) of natural (also known as white or gold) hydrogen, which they say would be worth US$92 billion if they can commercialise it.
The hydrogen field was found a couple of years ago when they were searching for methane gas, but its size and value have been a closely kept secret.
Remember, our flagship Ramsay Project on the Yorke Peninsula has an independently assessed mean prospective of 1.3 billion kilograms (1.3 million tons) of hydrogen. Significantly, this estimate only covers a portion of our Ramsay Project permit area. And we hold another eight exclusive application areas.
You can probably see why we’re buoyed by the comparison to the French find, and the value they are putting on it.
They are now in the same position as us – needing further testing to figure out how to commercialise the find.
While they work on that, our latest regional seismic survey helped set drill targets for our 2025 campaign and more details of the rollout will be available in coming weeks. We remain ahead of the pack, and the drill work this year has the aim of helping firm up a pilot project for commercialisation.
More details of the French announcement are here.
Meanwhile, Toyota Corporation continues to be one of the biggest proponents of hydrogen use, and news out of the 2025 Hydrogen and Fuel Cell Seminar in California should convince any sceptic how seriously some of the big guns of the transport sector are taking the opportunity.
Toyota outlined its vision for achieving carbon neutrality, focussing mainly on heavy-duty trucks, stationary power, and industrial applications. Aside from truck fuel cells, they are developing stationary fuel cell systems that will power buildings and factories.
Coverage of the hydrogen seminar here.
And the Japanese government remains one of the most bullish about hydrogen’s potential impact on the car market – details here.
We’ll be back in touch as our drill program firms up.
All the best,
Neil McDonald
Managing Director, Gold Hydrogen
