Top End Energy (ASX:TEE) has completed its Phase I study of its Greater McArthur Basin assets in the Northern Territory and discovered that the area has a strong potential for natural hydrogen production.

The presence of hydrogen and helium systems across the area, as well as high concentrations of dissolved Hydrogen and Helium in groundwater in the greater Tennant Creek area, suggest promising prospects for exploration.

The company plans to incorporate natural hydrogen and helium exploration alongside existing natural gas exploration activities.

Top End Energy says the grant of Exploration Permit (EP) 258 is anticipated in Q2 2023 following approval of native title holders to enter into exploration agreement with the company.