Materials Wrap: Natural Hydrogen Surges as Developers Chase Funding
11:31am on Saturday 24th of October, 2026 AEDT
Key Points
Prominence Energy (ASX:PRM) rose 100.00% after outlining 4,001 Bscf of prospective natural hydrogen resources, although drilling still depends on permits and funding.
Alkane Resources (ASX:NAG) fell 30.56% despite extending its gold-antimony system, while Brightstar Resources (ASX:BTR) dropped 21.53% after reporting a deep gold hit.
Gold producers continued to generate cash, with Alkane Resources (ASX:ALK), Catalyst Metals (ASX:CYL) and Emerald Resources (ASX:EMR) reporting strong operating results.
Coal and gas deals remained active, led by New Hope’s proposed A$1.8 billion Malabar takeover and Beach Energy’s Taroom Trough farm-in.