Australian company Gold Hydrogen is preparing for a significant drilling campaign in South Australia, targeting the region’s promising hydrogen and helium resources.
The company has recently acquired a $6.45 million research and development tax refund, which will support their efforts in exploring these potentially valuable energy sources.
Gold Hydrogen’s focus in South Australia is driven by the potential for hydrogen and helium in the area. The company plans to test a modified well design to maximize exploration chances, particularly in the Ramsay region, known for its hydrogen and helium prospects. This new strategy aims to unlock further resources and enhance understanding of the region’s capabilities.
The funding from the research and development tax refund is a significant boost for Gold Hydrogen. This financial support will aid the intensive drilling program set for 2025, aiming to uncover the area’s full potential.
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