Constellation Raises $1.1M as Hydrogen and Copper-Gold Projects Show Promise
Constellation Resources reports promising natural hydrogen exploration results across a massive 87,602 km² in Western Australia, alongside advancing copper-gold targets at Ularring and raising $1.1 million in a recent entitlement offer.
- 87,602 km² natural hydrogen project area across three WA basins
- Strong Total Organic Carbon values indicating potential for large-scale natural hydrogen
- Identification of significant gold-copper soil anomaly at Ularring’s Chatham prospect
- Collaboration with CSIRO to advance hydrogen and helium prospectivity studies
- Raised $1.1 million via entitlement offer with $1.4 million shortfall remaining
Expansive Natural Hydrogen Exploration
Constellation Resources Limited has revealed substantial progress in its natural hydrogen exploration efforts across Western Australia. The company’s portfolio now spans an impressive 87,602 square kilometres, covering nine Special Prospecting Authorities with Acreage Options (SPA-AOs) in the Edmund-Collier, Yerrida, and Ashburton Basins. These areas are strategically intersected by the Goldfields Gas Pipeline and lie close to major industrial consumers, including iron ore mines exploring green steel production pathways.
Reprocessing of a historic seismic line by Geoscience Australia has enhanced geological understanding, revealing thick organic-rich formations, Blue Billy and Discovery, that extend across the Edmund-Collier Basin. These formations exhibit Total Organic Carbon (TOC) values averaging above 2%, with some intervals exceeding 5%, a benchmark considered excellent for natural hydrogen generation potential.
Thermogenic Hydrogen and Geological Insights
Thermogenic hydrogen generation, driven by organic matter transformation under elevated temperatures, is a key focus. The deepest parts of the Edmund-Collier Basin, particularly the Wanna Syncline, have reached temperatures conducive to hydrogen production, estimated between 250°C and 500°C. Notably, no deep drilling has yet been conducted in this underexplored basin, positioning Constellation as a first mover in this emerging frontier.
Porosity measurements from core samples show encouraging variability, suggesting potential reservoirs for hydrogen accumulation. The presence of deep regional faults offers plausible migration pathways, enhancing the prospectivity for surface gas seepage detection through soil gas sampling programs planned in collaboration with CSIRO.
Ularring Copper-Gold Project Advances
Alongside hydrogen initiatives, Constellation is advancing its Ularring Copper Gold Project, located 100 kilometres northeast of Perth. The project area is geologically analogous to major regional deposits such as the Boddington mine and Caravel Copper Project. Recent soil sampling identified the Chatham anomaly, a 1.3 km by 0.45 km gold-copper soil anomaly with peak values of 78 parts per billion gold and 1,126 parts per million copper, accompanied by silver, tellurium, and tungsten. This anomaly overlies a late-time electromagnetic anomaly, suggesting a conductive sulphide-rich target worthy of follow-up drilling.
Financial Position and Corporate Developments
Financially, Constellation raised approximately $1.1 million through a non-renounceable entitlement offer, with a remaining shortfall of $1.4 million that the board may issue within three months. The company ended the quarter with $331,000 in cash and reported exploration expenditure of $422,000. Ongoing stakeholder engagement and regulatory approvals are progressing to enable on-ground activities, particularly for the natural hydrogen projects.
Constellation’s strategic collaboration with CSIRO and its focus on underexplored basins position it well to capitalize on the growing global demand for clean hydrogen, projected to increase fivefold by 2050. The company’s dual focus on natural hydrogen and copper-gold exploration reflects a diversified approach to resource development in Western Australia.
Bottom Line?
Constellation’s pioneering work in natural hydrogen and copper-gold exploration sets the stage for potential breakthroughs, but upcoming drilling and sampling results will be critical to validate these early promising indicators.
Questions in the middle?
- Will upcoming drilling programs confirm the scale and commercial viability of natural hydrogen in the Edmund-Collier Basin?
- How will Constellation manage funding needs given the remaining entitlement offer shortfall and current cash position?
- What are the timelines and regulatory hurdles for advancing soil gas sampling and exploration activities on the SPA-AOs?
