Constellation Resources Limited has completed an extensive reprocessing of historical seismic data along line 10GA-CP2 as part of its Edmund-Collier Natural Hydrogen Project in Western Australia. The project, covering a vast landholding of over 87,600 km² across multiple sedimentary basins, is exploring a first-of-its-kind opportunity for natural hydrogen production in an underexplored basin with no previous deep drilling. Enhanced seismic imagery reveals that the organic-rich Blue Billy and Discovery formations extend throughout the basin, notably thickening to around 700 meters in some areas. These formations are identified as capable of generating large-scale natural hydrogen through both radiolysis and thermogenic processes. The presence of deep, regional faults – notably the Godfrey and Talga faults – provides promising targets for surface soil gas sampling to detect potential gas seepage. Technical data provided in the announcement includes highly encouraging Total Organic Carbon (TOC) values averaging above 2% over extensive intervals, with some core samples from the Discovery Formation reaching up to 8.40% organic content. In addition, porosity measurements have yielded positive results, with maximum values of 6.84% in the Blue Billy Formation, 13.24% in the Discovery Formation, and as high as 32.23% in the Kiangi Creek Formation. These technical indicators, combined with favourable thermal maturity analysis, suggest that the formations have the requisite qualities to form a viable natural hydrogen system. Plans for a soil gas survey in the near future aim to further assess micro seepage of targeted gases across the portfolio. From a market perspective, bullish sentiment surrounds the project’s potential to unlock a new frontier in energy production. The technical strength demonstrated by high TOC and promising porosity values, alongside innovative seismic reprocessing that highlights significant subsurface features, indicates a robust exploration case with substantial long-term value. However, bearish sentiment could arise from the inherent exploration risks, the absence of deep drilling in the Wanna Syncline, regulatory uncertainties in obtaining permits, and potential shortfalls in the upcoming entitlement offer designed to raise around $2.52 million. Overall, the technical findings coupled with future exploration plans position Constellation Resources Limited as a company at the forefront of natural hydrogen exploration in an emerging energy sector.