Devil Resources Limited (DRL) is an Australian-based resource company building an portfolio consisting of both helium, natural hydrogen, and geothermal. The company has developed an exploration portfolio of two license areas and five application areas, covering 12,300 sq km onshore Tasmania. Onshore Tasmania has excellent potential to host both subsurface helium, natural hydrogen, and geothermal resources and the company's technical work has identified 24 structural leads with an in-place resource potential of 144 MMkg Natural Hydrogen and 31 BCF Helium in EL5/2024 alone. Much of Tasmania is also underlain by thick sequences of highly, iron-rich ultramafic rocks, which are likely generative for natural hydrogen as well as intruded subsurface granites that are likely producing helium, natural hydrogen, and geothermal heat radiolysis. In addition to being geologically prospective, Tasmania offers excellent commercial opportunities for the use of natural hydrogen feedstock for green methanol manufacture. The potential of geothermal to provide despatchable electricity to the state is significant. The company is run by a team of experienced energy professionals.
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