Helium One is a unique opportunity on London’s AIM market

Helium One Global Ltd 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.

The company’s assets are located within the rift basins on the margin of the Tanzanian Craton.

Through Helium One’s subsidiary companies Helium One (Gogota) Limited, Helium One (Stahamili) Limited and Helium One (Njozi) 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.

(, , ) is looking forward to using the data that it has gained from this year’s drilling to target both deeper and shallower plays, in its Phase 2 campaign at the Rukwa project in Tanzania.

The company rounded off its maiden phase of drilling in August after finding strong indications of what could eventually prove to be large natural source of helium, and, whilst the first two wells were unable to recover gas for sampling, the exploration team is sufficiently encouraged to go straight into the next phase.

It starts with new geophysical work, specifically a programme to capture new seismic data to build on the findings to date and to increase the chance of success in future drilling.

“We’re moving into Phase Two which starts with a relook at geophysics,” David Minchin said in a podcast interview.

() is looking ahead to a “very low cost” winter exploration programme at the Rukwa project, chief executive David Minchin has told Proactive.

Minchin, in an interview following the results of the Tai-2 well, explained that the findings of the latest well have opened up and de-risked an opportunity to explore for and, subject to results, potentially develop shallow helium resources at Rukwa.

() has begun drilling the Tai-2 exploration well at the Rukwa Project in Tanzania.

It comes quickly after the Tai-1 well, which proved a working helium system, encountered helium gas shows but could not be definitively tested due to problem well conditions.

With ()’s rapid spudding of the Tai-2 well the explorer is not jumping to Plan B, it’s repeating Plan A.

Helium One shares rallied 25% in Thursday’s early deals after the company began drilling Tai-2 just over a week since the non-result of Tai-1 disappointed the firm’s retail investor base that has bought up the shares strongly in the months following its AIM market float in December.

Stockbroker SP Angel described the latest results from ‘s () Tai-1 well in Tanzania.

Helium One, in a statement on Monday, reported its latest notable helium gas show in the well above its primary target zone. Shows were seen from a depth of 552 metres to 561 metres and helium gas was observed visually at surface as bubbles in drilling mud.

“With further drilling still to take place at Tai-1, these are early days in the company’s drilling campaign. Early helium/gas shows are encouraging but obviously not conclusive at this stage,” analyst Sam Wahab said in a note.

() () () () David Minchin joins Proactive about the completion of its 2021 exploration drilling campaign.

Minchin talks viewers through what they believe is significant new data to move rapidly to Phase 2 exploration work at its 100% owned Rukwa Project in Tanzania.

He says results from Tai-1 have shown a prolific basin with helium shows identified at multiple levels from near surface to basement.

HeliumOne – () Presenting at the Proactive One2One Virtual Forum