Gold Hydrogen Ltd. · ASX:GHY
Gold Hydrogen — Shareholder Meeting (October 2025)
42 slides from Gold Hydrogen's shareholder meeting presentation, Oct 15, 2025
Slide 1: Committed to Developing Naturally Occurring Hydrogen and Helium in Australia
For personal use only Committed to Developing Naturally Occurring Hydrogen and Helium in Committed to Developing Naturally Australia Occurring Hydrogen and Helium in Australia Neil McDonald – Managing Director 1 Gold Hydrogen Limited 1
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation is not a prospectus, disclosure document or offering document under Australian law or under any other law. This presentation contains “forward looking statements” concerning the financial condition, results of operations and business It is for informat
Slide 3: Gold Hydrogen – Corporate Snapshot
Gold Hydrogen – Corporate Snapshot Board of Directors Shares on Issue – 180.5 million Alexander Downer – Non-Executive Chair For personal use only Katherine Barnet – Non-Executive Director Neil McDonald – Managing Director Roger Cressey – Executive Director Tenure 1 granted Petroleum Licence – PEL 6
Slide 4: Executive Summary – Natural Hydrogen and Helium
Executive Summary – Natural Hydrogen and Helium Title over certified Prospective Engagements to date with leading For personal use only Resources global experts and contractors 1.3 billion kg of natural Hydrogen1 CSIRO, Schlumberger, Total Seismic, 41 Bcf of Helium1 Xcalibur, Savanna Energy Services
Slide 5: Overview
Overview Gold Hydrogen drilled 2 exploration wells in 2023 and tested In mid 2024, an extensive 2D seismic program was For personal use only them in 2024 to confirm the historic 1931 Ramsay Oil Bore undertaken, confirming multiple further drill targets in more drill location and the historic high-pu
Slide 6: Industry Overview
For personal use only Industry Overview Gold Hydrogen Limited 6
Slide 7: Types of Hydrogen Production
Types of Hydrogen Production Naturally occurring Hydrogen offers significant cost and / or carbon advantages relative to other Hydrogen production (manufacturing) processes For personal use only Today, ~95% of all hydrogen produced is Gold Hydrogen is exploring for ‘gold’ or from natural gas ‘white’
Slide 8: Global Hydrogen Forecast
Global Hydrogen Forecast Substantial investment laying the foundation for Hydrogen use For personal use only Source: Frost & Sullivan Report - Page 29 of Gold Hydrogen Prospectus. Source: International Energy Agency, Oct-2021 (Other includes buildings, agriculture and refineries). Gold Hydrogen Limi
Slide 9: Key Drivers for Helium
Key Drivers for Helium The global wholesale helium market is expected to grow from an estimated For personal use only US$5bn in 2023 to over US$8bn in 20301 There are commercial global gas projects with significant Indicatively pricing is currently approximately USD400- lower helium concentrations (
Slide 10: Technical Results and Findings
For personal use only Technical Results and Findings Gold Hydrogen Limited 10
Slide 11: Hydrogen and Helium to date in PEL687
Hydrogen and Helium to date in PEL687 Extensive regional play across 7,400 km2 permit area For personal use only Extracted from fluid inclusions in rock chips from historical wells Extracted from fluid inclusions rock chips from historical wells Hydrogen from historical Note: Ramsay 1 & 2 drilling a
Slide 12: Key Technical Results and Findings to Date
Key Technical Results and Findings to Date • Helium-3 identified at Ramsay via noble gas analysis For personal use only • 2024 drilling and well testing confirmed the presence of a Natural Hydrogen and Helium system adjacent to the conducted at Oxford University1. historic (1931 Ramsay Oil Bore) sit
Slide 13: Ramsay 1 & 2 – Drilling Objectives
Ramsay 1 & 2 – Drilling Objectives Mudgas measurements For personal use only Target Zones & Resources (Hydrogen / Helium) Ramsay Lst Minlaton Fm • 4 main target zones identified from drilling and testing A Parara Limestones Ramsay 1 and 2. B • Hydrogen shows in basement (D) and shallow zones (A and
Slide 14: Stage 2 Well Testing: Ramsay Hydrogen Concentrations Over Time
Stage 2 Well Testing Ramsay 2 Hydrogen Concentrations Over Time Stage 2 well testing of Ramsay 2 exploration well at depths 200m to 350m1 For personal use only • Narrow exploration well. • Testing process and timeframe limited by Govt approvals. • H2 concentrations increased over time as the well wa
Slide 15: Stage 2 Well Testing: Ramsay Helium Concentrations Over Time
Stage 2 Well Testing Ramsay 1 Helium Concentrations Over Time Stage 2 well testing of the Ramsay 1 exploration well For personal use only • Narrow exploration well. • Testing process and timeframe limited by Govt approvals. • Helium concentrations increased over time as the well was dewatered, with
Slide 16: Ramsay 2D Seismic Program
Ramsay 2D Seismic Program Regional 2D seismic survey acquired June - July 2024 For personal use only • Historic seismic data over the Yorke Peninsula PEL 687 was extremely limited. • The Company’s 2024 seismic data acquisition allowed fresh interpretation of the geological setting for PEL 687. • 202
Slide 17: Ramsay 2D Seismic Survey & Next Well Locations
Ramsay 2D Seismic Survey & Next Well Locations For personal use only Gold Hydrogen Limited goldhydrogen.com.au | ASX:GHY | 17
Slide 18: Next Wells Summary
Next Wells Summary For personal use only • ~20 days per well. • TD 900m (in basement). • Interpreted to be up-dip from Ramsay 1 & 2. • Specialist H2/He mud-gas sampling. • DQ 1000 mass spectrometer for real-time formation and fluid analysis. • Wireline logging program. • DST on selected intervals. 2
Slide 19: What Have We Learned?
For personal use only What Have We Learned? Gold Hydrogen Limited 19
Slide 20: Key Lessons from Work Undertaken to Date
Key Lessons from Work Undertaken to Date Ramsay 1 and 2, located nearby the 1931 Ramsay Oil Bore 1 well, confirmed the presence of Natural Hydrogen, as Water in sealing units overlying hydrogen bearing For personal use only well as Helium plus Helium-3 detected at elevated levels, reservoirs contrib
Slide 21: Next Objectives
For personal use only Next Objectives Gold Hydrogen Limited 21
Slide 22: Next Objectives
Next Objectives Mature the Ramsay Project with further appraisal in For personal use only preparation for commercial development decisions: Partner with appropriate technology and / or industry o Prove the existence of Natural Hydrogen and Helium specialists to develop specific downstream project re
Slide 23: Analysis is Being Completed for the Following Hydrogen Use Cases
Analysis is Being Completed for the Following Hydrogen Use Cases 01 01 - Hydrogen to Energy (e.g. Jenbacher) 02 - Hydrogen to Green Bio Methanol For personal use only 03 03 - Hydrogen to Natural Gas Pipeline Gold Hydrogen Limited goldhydrogen.com.au | ASX:GHY | 23
Slide 24: Activities Planned to Meet Objectives
For personal use only Activities Planned to Meet Objectives Gold Hydrogen Limited 24
Slide 25: Activities Planned to Meet Objectives
Activities Planned to Meet Objectives For personal use only Ramsay 3 and subsequent wells to be drilled Multiple well locations identified and are drill “up-dip” of the original Ramsay 1 & 2 ready to allow optionality based on initial results. locations. 2025-26 wells specifically designed to focus
Slide 26: 2025/26 Ramsay Drilling Campaign
2025 / 26 Ramsay Drilling Campaign For personal use only • 2 firm + 1 contingent (2+1) drilling campaign. • Multiple well locations high-graded. • Ramsay – 3 to be drilled first and subsequent locations will be subject to initial drilling results. • Vertical wells (<20 days each). • Specialist Natur
Slide 27: Regional Application Areas
Regional Application Areas Fluid Inclusion Sample Locations For personal use only Testing of samples within historic, third-party drill cores to determine the existence and locations of Natural Hydrogen and / or Helium occurrences. Results to be combined with GA seismic data to locate future areas o
Slide 28: Regional Application Areas – GA Seismic Line A-A'
A Regional Application Areas – GA Seismic Line A’ For personal use only PELA703 PELA702 PELA701 PELA700 PELA792 A Interpretation of GA seismic line across A’ application areas enabling identification of drill targets. Regional Seismic line acquired by GA in 2022 (22GA-DL-1 DMOStack) Gold Hydrogen Li
Slide 29: Recap/Summary
Recap/Summary Gold Hydrogen selected Toyota Motor Corporation, Mitsubishi Gas Chemical Inc and ENEOS Xplora Inc to The data and results collected by Gold Hydrogen from For personal use only become strategic investors in the Company. These parties the Ramsay 1 & 2 wells confirmed that Natural investe
Slide 30: Key Team Members
For personal use only Key Team Members Gold Hydrogen Limited 30
Slide 31: Key Management
Key Management For personal use only Neil McDonald Peter Bubendorfer Frank Glass Julien Bourdet Hugo Beldame Founder & Managing Director Chief Geologist Chief Exploration Adviser Geological Advisor Exploration Geologist Neil McDonald, with over 20 years of Peter has extensive experience in Frank Gla
Slide 32: Key Management
Key Management For personal use only Billy Hadi Subrata Leon Hennessey Simon Talbot Chief Technical Officer GM - Operations Chief Commercial Officer Billy Hadi Subrata is an experienced Leon has broad industry experience Simon joined the Company after petroleum and reservoir engineer with working in
Slide 33: Board of Directors
Board of Directors For personal use only Neil McDonald Alexander Downer Katherine Barnet Roger Cressey Karl Schobohm Founder & Managing Director Independent Independent Executive Director Company Secretary & CFO Non-Executive Chair Non-Executive Director Commercial Operations Neil McDonald, with ove
Slide 34: Appendix – Further Information
For personal use only Appendix – Further Information Gold Hydrogen Limited 34
Slide 35: Gold Hydrogen Prospective Resources (Using PRMS guidelines)
Gold Hydrogen Prospective Resources (Using PRMS guidelines) Certified Prospective Hydrogen Resources, existing discoveries and Certified Prospective Helium Resources, Ramsay Field drill ready hydrogen prospects (calculated volume not determined) (PEL 687 Yorke Peninsula) For personal use only Unrisk
Slide 36: Ramsay Project Milestones
Ramsay Project Milestones For personal use only Gold Hydrogen Limited goldhydrogen.com.au | ASX:GHY | 36
Slide 37: Traditional Green Methanol Opportunity
Traditional Green Methanol Opportunity Conceptual Design For personal use only Not required with Natural Hydrogen Gold Hydrogen Limited goldhydrogen.com.au | ASX:GHY | 37
Slide 38: Traditional Green Methanol Opportunity
Traditional Green Methanol Opportunity Conceptual Design For personal use only Gold Hydrogen Limited goldhydrogen.com.au | ASX:GHY | 38
Slide 39: Helium - Overview
Helium 3 - Overview For personal use only • Helium-3 detected by independent international laboratory testing of Ramsay Project helium samples. • The isotopic analysis results from samples tested suggest up to 3.47ppb Helium-3 within a 36.9% Helium sample. • Helium-3 is extremely rare and valuable,
Slide 40: Technical Tables – ASX Listing Rule 5.30
Technical Tables – ASX Listing Rule 5.30 For personal use only Gold Hydrogen Limited goldhydrogen.com.au | ASX:GHY | 40
Slide 41: Technical Tables – ASX Listing Rule 5.30
Technical Tables – ASX Listing Rule 5.30 For personal use only Gold Hydrogen Limited goldhydrogen.com.au | ASX:GHY | 41
Slide 42: For personal use only
For personal use only Neil McDonald Roger Cressey Karl Schlobohm Managing Director Executive Director CFO / Company Secretary nmcdonald@goldhydrogen.com.au rcressey@goldhydrogen.com.au kschlobohm@goldhydrogen.com.au + 61 0 419 721 007 + 61 0 419 663 569 + 61 0 419 721 007 Gold Hydrogen Limited | GPO