PERTH - Georgina Energy Plc (GEX.L), an Australian development company specializing in helium, hydrogen, and natural resources, announced today an update on its operations concerning two major prospects, EP513 Hussar and EPA155 Mt Winter.
For the EP513 Hussar project, the company has experienced a delay in its drilling permit application process due to the expansion of the structural closure, which now covers an area of approximately 350 square kilometers. This change necessitates a revised Environmental Impact Report (EIR), which is expected to take about 60 days to complete. The heritage report accompanying the EIR remains unchanged. Georgina Energy is in continuous communication with the Department of Energy, Mines, Industry Regulation and Safety of Western Australia (DEMIRS) and is optimistic about receiving drilling approval following the submission.
The scoping study for Hussar, which will provide cost estimates and sensitivity analysis for the proposed gas separation and purification plant, is due for a revised draft in February 2025. Meanwhile, the company is in the final stages of negotiating an Aboriginal Land Rights Act (ALRA) agreement, essential for the EPA155 Mt Winter prospect's ratification by the Northern Territory Minister for the Department of Mining and Energy. A report on the resource potential of Mt Winter, informed by reprocessed seismic data, is anticipated in March 2025.
Further to these developments, Georgina Energy is exploring additional prospects with high concentrations of helium, hydrogen, and hydrocarbons, and is in discussions with potential partners under confidentiality agreements.
CEO Anthony Hamilton expressed confidence in the company's strategic direction despite the delays, stating, "We are very pleased the Hussar opportunity is bigger than initially thought, and all within our existing asset area."
This operational update is based on a press release statement and reflects the company's ongoing efforts to advance its projects amid regulatory and environmental considerations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.