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Oops! The third link following on from this
"But the licence Edenville holds with Upendo (70/30) doesn't fall outside the rift, it falls within the BMFC, and here is a view of that looking from the north to south, with the Edenville/Upendo licence shown yellow, edged blue in the lower right corner"
Should be this link
https://www.flickr.com/photos/194934344@N06/53529509587/in/dateposted-public/
Shuka caught my eye this morning with their RNS.
I don't know the full background here, so I'm sure someone will correct me if I have got the wrong end of the stick.
However Shuka reaching a deal with Upendo, bearing in mind the recent events in the Rukwa Valley could be an interesting development.
It is all to do with geography.
This is a map taken from the Tanzanian Mining Portal showing Edenville's licences (I know the company is now known as Shuka, but the licences are still in the Edenville name, I'll probably use both from time to time, but they are the same, of course).
https://www.flickr.com/photos/194934344@N06/53530391086/
Now the licence I'm really interested in this the one highlighted showing Edenville as 70%, Upendo as 30%.
I'm not quite sure how this fits in with Upendo having a legacy 10% interest as described in the RNS, however I'll gloss over that and whatever the disputes or interests are, they've obviously been settled on terms.
And just for context these are all the helium licences in the North Rukwa Rift Valley, Edenvilles are towards the upper left, but they're for coal and other commodities so weren't included when I did this map.
https://www.flickr.com/photos/194934344@N06/53313421152/
Now the interesting thing is that the dispute has been settled now following two companies apparently finding helium in significant quantities in the rift valley. Geology is also important as the helium is theorised to be generated deep underground within the rift, and its release is aided by volcanic heating. But the helium also has to be trapped by sedimentary rocks within the rift, most of it actually escapes.
Noble is targeting BMFC's on the edges of the rift, along the two main faults that form the rift itself. He1 is targeting IBFC's within the rift itself. Two quite different plays, but both have licences containing both types of closure.
Now Edenvilles three main licences fall outside the rift valley, so in theory any helium there should simply escape through the faulting system and not be trapped.
But the licence Edenville holds with Upendo (70/30) doesn't fall outside the rift, it falls within the BMFC, and here is a view of that looking from the north to south, with the Edenville/Upendo licence shown yellow, edged blue in the lower right corner.
https://www.flickr.com/photos/194934344@N06/53313421152/
The interesting thing is that this licence is bounded by the main Ufipa fault, but within the sedimentary rock area where Noble says they have found gaseous helium, Mbelele-1 is 31km SE of this licence area.
This is another view, again looking south, showing the Edenville/Upendo licence, Nobles well/licences, He1 wells/licences, and the Rungwe volcanic Province towards the top.
https://www.flickr.com/photos/194934344@N06/53529509587/in/dateposted-public/
Interesting development. Will keep an eye out.
Given HE1 had a major discovery and so did the ASX company Noble Helium at Rukwa its pretty much a no brainer for SKA to explore their area.
Whether they find anything or not there will certainly be a buzz
Any mention of helium will probably be a kids balloon party 🥳
Any mention of Helium at Rukwa in the next RNS and its going to be a fast ride here
If they announce they are starting to explore helium at Rukwa, then it will explode. I strongly suspect they are given the mental rise to glory that HE1 have recently had at Rukwa. Gamechanger
Settlement on Rukwa from legacy disputes.
Now they can focus on exploring Helium given the crazy move by HE1 recently on Helium discovery
Exciting times
Having been here a long time like you Pi, it's turning into ground hog day, again.
"Potential new and strategically complimentary projects in Africa." - quoted from the interims - approaching five months ago.
We raised c£1.5m in June last year - at £120k per month burn rate (from our interims), well over half of that has potentially evaporated into thin air, or helium...........
Not that tightly held again today
Helium highly likely in the Rukwa asset just down road from HE1 discovery. Plus there was an Aussie discovery recently as well. The area is brimming with Helium
Plus should soon get this asset they've been working on acquiring wrapped up shortly
Stgock tightly held. Big BIG move likely from here
Cannot wait any longer this has got o start happening very soon nice to see a return on the investment asap.
Sorry Ali Ali hadn’t seen your earlier post saying the same thing.
Obviously great minds think alike!
Shuka has a prospecting licence area on the edge of Lake Rukwa. HE1 is not the only company to find helium around Lake Rukwa. Noble Helium an ASX listed company also has.
Have to have a crack at it !
Believe Noble Helium's (ASX: NHE) North Rukwa Mbelele discoveries even closer, almost adjacent, to Shuka Minerals (LSE: SKA) sites than Helium One's discoveries (LSE: HE1) - interesting times indeed!
MMS have been left short after yesterdays buying could move again.
By the normal standards here, the volume is good for a change, so maybe we will get some positive news, which would certainly be welcome. GLA
Yes, it used to be Evenville Energy but renamed to Shuka Minerals.
But you said there is no helium at edl and shuka...........edl is shuka lol
There is no helium. It's coal at that end of the basin.
PageofCups 28% up says its not far news! Helium would be big plus.
Might be something in Mozambique...but again waiting on due diligence.
PageofCups
I honestly think nobody cares what a stock is or does, can you jump into anything moving and make a fast buck hence anything up 20% has people come out of nowhere to chase it up. It's a 100% ponzi now
There's no news coming here. We've been waiting since August. A couple of projects were touted, one a zinc project in Zambia, but DD has not proved it's viable so a bust on that. Tailings from a mine owned by Jubilee but don't think the grades are up to it and requires more investment than QGC first thought.
Spread is mental here the mm's are laughing all the way to the bank, over 1.2p spread online