High grade helium on a unique geological setting
Introduction
Helium One holds 2,840km2 of Prospecting Licences in three areas: the Rukwa, Balangida and Eyasi projects. These projects all have surface seeps with helium concentrations up to 10.6% He, and have the potential to have the correct geological components to make up a ‘working helium’ system: source, trap, reservoir and seal.
The exploration permits are located near surface seeps, with helium concentrations ranging between 2.5% and 10.6% by volume.
Following the Company’s Phase I exploration programme in 2021, the Rukwa project is considered to have been significantly de-risked by the drilling of the Tai-1/-1A well which identified multiple prospective intervals with helium shows.
Both the Eyasi and Balangida projects are considered as early-stage exploration projects but are currently being evaluated by the subsurface team.