HyTerra Ltd (ASX:HYT) has unveiled its maiden independent prospective resource estimate for hydrogen and helium within its wholly-owned Project Nemaha leases in Kansas, USA.
The estimates, as assessed by the global energy consulting firm Sproule, indicate a P50 net hydrogen prospective resource of 100.2 billion cubic feet (BCF), equivalent to 237,543 tonnes.
For helium, the P50 volume of prospective resources stands at 0.47 BCF, with a P90 volume of 0.04 BCF and a P10 volume of 1.63 BCF.
HyTerra anticipates an increase in these prospective resources as it continues to expand its leasing of acreage in the area.
The strategic location of the prospective resource areas, surrounded by mature industrial production facilities and well-connected railroads and highways, enhances the potential for efficient exploitation and transportation of these resources.
Nemaha exploration leases
Stengthens confidence
HyTerra executive director Benjamin Mee said: "This independent assessment of both prospective hydrogen and helium resources strengthens our confidence in our portfolio as a platform to potentially support the decarbonising of several mature industrial sectors and transport in the mid-West USA, and elsewhere.
"We will use this resource assessment to rank our drilling targets."
HyTerra portfolio
HyTerra is focused on the early discovery and development of natural hydrogen and has established a major presence in potentially one of the world's most prolific natural hydrogen provinces in the Mid-West of the USA.
The company's Project Geneva (Nebraska) and Project Nemaha (Kansas) are situated respectively on the western and eastern margins of the Mid-Continent Rift System, an iron-rich band of rocks underlying the Salina Basin widely considered to be the source of multiple historic hydrogen occurrences.
In addition to a 16% working interest in the Joint Development Agreement with Natural Hydrogen Energy LLC (the operator) for Nebraska, the company has 100% owned and operated lease holdings at Nemaha Ridge, which now spans 9,607 net acres across Riley, Geary and Morris Counties in Kansas calibrated by a geological model and historical wells with occurrences of natural hydrogen and helium.
The company has identified multiple targets covering a diverse range of geological plays for natural hydrogen and helium exploration.