RE: Looks odds on a discovery this year for Helium One say @TMSreach01 Jun 2022 07:33
He says the company has proof of concept of a working helium system, but untested there’s even more unanswered questions which are leading into the 2022 campaign.
“We’ve only scratched the tip of the iceberg, and that’s why we’re going back to Tai. We see Tai as the key to unlocking an entire helium province.”
Tai is the prospect at the flagship Rukwa Basin, and Minchin and his team are pulling out all the stops to return there, and doing so in a cost effective way. A 100 ton mast weighting drill is booked and being assessed.
If it passes the audit and gets to the project, it can drill an eight and half inch hole to two and a half thousand metres “no worries at all.” Minchin describes the drill as well overspecced for what the company wants to achieve which is a depth of about 1300 metres. Drilling in each hole should take less than three weeks, which Minchin says is plenty of lead time before the rainy season in December.
A discovery will expedite the admin with existing licenses transferred into mining licenses, and although Minchin views the company as a discoverer “We’re perfectly capable of taking this into production ourselves.”
And as David explains to Sarah Lowther the more the company does, the more it can discover in what is a very exciting time for Helium One.