Prominence Energy Completes Acquisition of Gawler Natural Hydrogen Project

Prominence Energy Ltd (ASX: PRM) has completed the acquisition of the Gawler Natural Hydrogen Project in South Australia, securing a large-scale strategic position across one of the country’s most prospective geological regions for natural hydrogen and helium exploration.

This acquisition marks a pivotal milestone in Prominence Energy’s evolution from conventional upstream exploration toward clean energy resource development. The transaction follows receipt of regulatory approval from the South Australian Department for Energy and Mining for the transfer of Petroleum Exploration Licence (PEL) 803, completing all terms announced in June 2025.

The Gawler Hydrogen Project spans approximately 63,000 km² across the Gawler Craton, one of the oldest and most structurally complex geological provinces on Earth. The area hosts two core exploration hubs:

• Eyre Project: Covering 29,126 km² across PEL 803 and additional licence applications (PELAs 749, 750, 751), the region shows strong geological indicators for natural hydrogen and helium, including Hiltaba Granites, uranium-associated radiogenic systems, and mantle-connected conductivity anomalies suggestive of deep hydrogen migration pathways.
• Northern Hinge Project: Extending 34,133 km² through PELAs 566, 581, 748, 752, and 753, this area targets fault systems along the Adelaide Hinge Zone and Gawler Craton boundary—key structures believed to facilitate radiogenic and mantle-sourced hydrogen accumulation.

In parallel with the acquisition, Dr. Mike Fischer has been appointed to the Prominence Energy Board as Non-Executive Director effective 1 January 2026, bringing nearly 40 years of international energy leadership to guide corporate strategy and exploration execution.

Dr. Fischer’s previous roles include Executive Vice President of Natural Resources at Bangchak Corporation, CEO of Nido Petroleum, and board positions at OKEA ASA, Transitus Energy, and Matahio Energy. He has been granted 15 million unlisted options at $0.007 per share, expiring in four years, aligning incentives with shareholder value creation.

This acquisition gives Prominence one of the largest exploration portfolios in the global natural hydrogen sector, setting the stage for a maiden exploration program in 2026. 

Full press release can be found at the link below.