PRL set to increase landholding at its HyEnergy ZERO CARBON HYDROGENTM Project

By Jonathan Jackson. Published at Apr 9, 2021, in Mining

Province Resources Ltd (ASX:PRL) has applied for a further 864 square kilometres in the Gascoyne coastal region in Western Australia.

The extra land could potentially double the potential of PRL’s HyEnergy ZERO CARBON HYDROGENTM Project.

The Gascoyne region in Western Australia has world class solar and wind resources, with high incidence of sun during the day and high wind speeds in the morning, evening and night.

As Finfeed has stated previously, this enables competitively priced predictable and firm renewable electricity output, 365 days a year.

With that in mind, any increase in landholding could significantly improve PRL’s aim to develop Australia’s first truly Zero Carbon Green Hydrogen project.

The company’s ambition is to produce approximately 60,000 tonnes of green “Zero Carbon Hydrogen” or up to approximately 300,000 tonnes of green ammonia using renewable energy.

“The identification of the additional 864km2 of tenure complements the HyEnergy green hydrogen project and importantly, gives us greater critical mass in the region”, PRL Managing Director, David Frances said.

Province’s early mover position in this sector has paid dividends as reflected in its share price which is now sitting at 15 cents, making it a ten-bagger for investors who flocked to the stock in January/February.

Support is growing for hydrogen

The HyEnergy ZERO CARBON HYDROGENTM is in close proximity to a large regional centre and associated infrastructure of Carnarvon, which means the project area is ideal for installation of a commercial scale wind and/or solar farm.

Carnarvon has an annual mean wind speed of 25.5 km/h, making it the fourth windiest location in Western Australia.

The hydrogen industry is in its infancy, however it is fast gaining support, particularly in this area of Western Australia.

While the likes of billionaire mining magnate Andrew Twiggy Forrest cites hydrogen as the solution to the world’s energy problems, it is the support by government that is really eye catching.

Western Australia’s Hydrogen Strategy is to support the renewable hydrogen industry with a goal of 10% mix of renewable hydrogen in the Dampier Bunbury Natural Gas Pipeline (DBNGP) by 2030.

Funding from Government on both a State and Federal level include:

  • Western Australian Renewable Hydrogen Strategy – $10M.
  • Australian Renewable Energy Agency (ARENA) – $70M.
  • Australian Government Advancing Hydrogen Fund – $300M.
  • The WA State Government is committing $8M to funding the Denham Microgrid renewable hydrogen project.
  • Large scale wind farms are planned in Pilbara's 'Cyclone Alley', where cyclones crossing the coast are prevalent.

All of this supports the Carnarvon region as a preferred lower risk wind farm location in Western Australia and is one of the reasons why PRL is setting up here.

Generally speaking, as 100 countries have pledged to be Net Zero by 2050, there is upside to being a sustainable energy play.

Green hydrogen produced from renewable sources, such as wind and solar energy, looks set to play a significant role in navigating society towards a decarbonised future and meeting the global aim of net zero emissions by 2050.

Key things to know about the HyEnergy Project

Some of the key highlights of the HyEnergy Project are listed below:

Infrastructure – existing Dampier Bunbury gas pipeline is within close proximity giving PRL the potential to provide Hydrogen Feedstock in the DBNGP for domestic or export use.

Export market – room for an offshore Ship Loading Facility in the future to help with export markets.

Wind – the region is ranked 4th in Western Australia for mean wind speeds recorded per annum.

Solar – flat arid area with minimal competing land uses for large solar array network. Furthermore, Carnarvon has a very rich solar resource averaging 211 sunny days per year, with an average solar exposure of 22 MJ/m2 /day (or 6.24 kWh/m2 /day).

Water – potential site to extract water for electrolyser plant.

Supportive Government – The Regional Centres Development Plan (RCDP) is about attracting business, investment and people to support the growth of WA's Regional Centres and Super Towns. This means a stronger economy and a better quality of life for the people in Western Australia.

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!