Helium One last major official announcement was the commencement of its infill seismic campaign with mobilisation of survey and line-clearing crews to its Rukwa project (100%) in Tanzania.
We spoke with David today and it looks like HE1 will have a lot of news flow to come in 2021.
“It’s an exciting time for the team at Helium One and for all our stakeholders, as this will be our largest on site mobilisation for several years. Data gathered from infill seismic will prove invaluable in refining drill targets and improving our knowledge of potential trap structures, leading to what we hope will be a ‘game changing’ drilling campaign in Q2 2021.
“We look forward to continuing to work with local communities and government departments as we progress towards maiden exploration drilling. Our thanks go to the various Tanzanian ministerial departments, regional, district and ward officials for all the co-operation we have received. The broad range of support we have received from all levels of government and the local community bodes well for our planned drilling campaign later this year.
“Our work programme on the ground In Tanzania is timely and coincides with a significant growth in the Helium pricing as demand grows in critical areas. The last six months has seen the average price of helium imported to China reach $375/Mcf as Chinese demand for helium in manufacturing of semi-conductors and fibre-optic cables grows at 6% CAGR and in MRI demand grows at 8% CAGR. There is a requirement for a new source of primary helium to supporthigh value ‘next-gen’ technological, medical and industrial applications which Helium One has the capacity to fulfil as we seek to develop our globally significant Rukwa deposit.”
Notes to Editors
Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.
Helium One’s assets are located within the rift basins on the margin of the Tanzanian Craton. Through Helium One’s subsidiary companies Gogota (Tz) Limited, Stahamili (Tz) Limited and Njozi (Tz) Limited, the Company has secured 18 Prospecting Licences covering more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.5% He by volume.
The Rukwa Project is located within the Rukwa Rift Basin covering 3,448km2 in south-west Tanzania. The project is considered to be an advanced exploration project and the company has identified 21 prospects and 4 leads based on historical drilling, reprocessed seismic lines, high resolution gravity survey, and surface seeps analysis.
SRK Consulting have reported a ‘Best Estimate’ Un-risked Prospective Resource of 138 Bcf (2U/P50) for the Company’s Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues.
All Helium One’s licences are held on a 100% equity basis and are in close proximity to the required infrastructure.
Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1.
