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Gold Hydrogen Strikes High Purity Gas Reserves
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Gold Hydrogen Strikes High Purity Gas Reserves

Gold Hydrogen Ltd. (AU:GHY) has released an update.

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Gold Hydrogen Ltd. has reported promising results from the first stage of exploration well testing, identifying high purity Natural Hydrogen up to 95.8% and Helium up to 17.5% in the Ramsay 2 well. The company has also completed a 2D seismic survey that will help in planning future drilling endeavors, leveraging the growing demand for Hydrogen and the scarcity of Helium, particularly in Australia where there is almost no production. With their focus on developing a significant Natural Hydrogen and Helium province in South Australia, the company is positioned to potentially capitalize on these opportunities.

For further insights into AU:GHY stock, check out TipRanks’ Stock Analysis page.

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