CSIRO and MNE-funded research have independently confirmed the potential for hydrogen and helium within EP-494. Recent geological and seismic investigations have provided direct and compelling evidence that the Darling Fault Zone (DFZ) acts as a conduit for the migration of natural hydrogen (H₂), helium (He), and other associated gases. This indicates a natural pathway for these valuable resources to accumulate.

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Research to date has been compelling, with some of the hydrogen concentrations recorded being amongst the highest reported from the surface within Australia, and indeed ranking among the highest globally. These world-class indicators underscore the immense potential of this region for natural hydrogen and helium resources.

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To advance this promising opportunity, MNE will require a dedicated project to assess the full feasibility and design parameters of a strategic pilot well. This crucial phase will involve detailed engineering, environmental planning, and further geological modelling. This well will be designed to penetrate into or along the DFZ, allowing us to test for potential zones where gas flow rates are significantly enhanced compared to surface observations. Proving these enhanced flow rates is a critical step towards establishing a commercially viable natural hydrogen and helium production operation.

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While our long-term vision includes natural hydrogen and helium, our immediate focus for the time being will be on our conventional gas prospects. MNE will consider vending out future work on this project to external companies or government agencies, allowing us to maintain our primary focus on natural gas. This approach aims to ensure a safe, efficient, and successful drilling program while strategically managing our resource allocation.