D3 Energy Expands Clean Energy Portfolio with New Permits in South Australia
Key Ideas
  • D3 Energy acquires two exploration permits in South Australia for helium and hydrogen, enhancing its global energy portfolio.
  • The Arckaringa Basin in South Australia, still underexplored, offers promising prospects for helium and hydrogen exploration.
  • Early-stage targets Hydrohelix and Cootanoorina show significant potential, with a focus on attracting joint venture partners for further exploration.
  • This strategic expansion signifies D3 Energy's commitment to diversifying exploration activities and its role in the evolving global energy landscape.
D3 Energy has expanded its clean energy portfolio by acquiring two exploration permits in the Arckaringa Basin, South Australia, for helium and hydrogen. Spanning a vast expanse of 80,000 square kilometres, these permits, PEL 121 and PEL 122, were obtained through the purchase of Unleash Energy Pty Ltd. The region, known for its underexplored potential in helium and hydrogen, is strategically located near Coober Pedy and Oodnadatta, offering favorable infrastructure and regulatory support. This move complements D3 Energy's existing helium project in South Africa, positioning the company as a multi-jurisdictional explorer in the global energy transition space. Geological similarities with the nearby Amadeus Basin further enhance the prospectivity of the region, with early-stage targets Hydrohelix and Cootanoorina showing promising traits. D3 Energy aims to attract joint venture partners to leverage external funding for exploration work, emphasizing the drill-ready nature of the Hydrohelix structure. Despite the focus on Australian assets, D3 Energy continues progress in its South African project, with preparations for a Production Right application moving ahead of schedule. This strategic diversification of exploration jurisdictions underscores the increasing importance of helium and hydrogen in the global energy landscape, positioning D3 Energy for future growth and potential inclusion in the ASX200.
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