RE: Transformational29 Feb 2024 12:58
Absolutely, it's a game-changer. We're looking at helium concentrations up to 4.7%, which positions us as a world-class helium source. Considering commercial viability in other projects starts at just 0.5%, and ours is pure helium without hydrocarbons, it's a monumental achievement. This could potentially make us one of the largest primary helium sources globally.
Here, our #HE1 CEO Lorna Blaisse, catches up with @DonaldLeggatt from @_focusIR_ to outline the path to commercialisation for our #helium discovery
Lorna Blaisse, CEO, said the results from the down hole well testing have clearly confirmed the presence of a producing helium province in the Rukwa Rift Basin, where it currently holds 12 prospecting licences.
“Helium prices are at all-time highs with a number of commentators reporting helium spot sales at between US$2,000 and US$3,000 per mcf. Naturally, we are keen to sell helium into this market as soon as possible”