Helium One (AIM: HE1) is pleased to announce that the Company has uploaded an updated investor presentation to the website which can be found here:
Helium One CEO, David Minchin, will be giving a presentation on the London South East webinar today, 19th October at 6pm. The registration page for the webinar can be found here:
The presentation includes details of planned exploration activity in 2022, including the following:
· 2D seismic Q4: 2021
· Additional seismic planned for elsewhere in Rukwa as well as Eyasi and Balangida: Q2/Q3 2022
· Target drilling with conventional rig: Q3/Q4 2022
· ERT/MT survey to identify gas filled reservoirs near surface: Q4 2021 / Q1 2022
· Target drilling with lightweight rig: Q1/Q2 2022
For further information, please visit the Company’s website: www.helium-one.com
Helium One Global Ltd
David Minchin, CEO
+44 20 7920 3150
Notes to Editors
Helium One was founded in September 2015 to explore, develop, and ultimately, become a producer of low-carbon helium, a critical material that is essential in many modern technologies.
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. 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 10.6% He by volume.
The Company’s flagship 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 with a portfolio of leads and prospects defined by high-resolution gravity gradiometry, and modern and historic 2D seismic. The Rukwa Project has been derisked by the 2021 drilling campaign, which identified reservoir and seal with multiple prospective intervals from basin to near surface within a working helium system.
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 and on the OTCQB in the United States with the ticker HOGLF.
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