$118 million (2C Itumbula) up to over $1.6 billion (3U Remainder)25 Jun 2025 12:04
Based on independent evaluations by Sproule ERCE, the Itumbula development and the remainder of the Mining Licence area have the following Gross Helium Contingent and Prospective Resources:
Itumbula 2C Contingent Resources: 295,797 Mscf
Itumbula 3C Contingent Resources: 1,345,591 Mscf
Remainder of Licence 2U Prospective Resources: 709,239 Mscf
Remainder of Licence 3U Prospective Resources: 3,227,556 Mscf
At current market prices, the Itumbula development and the remainder of the Mining Licence area represent a potential helium value ranging from approximately $118 million (2C Itumbula) up to over $1.6 billion (3U Remainder), depending on the resource category and prevailing market prices
Itumbula 3C Contingent Resources: 1,345,591 Mscf
Remainder of Licence 2U Prospective Resources: 709,239 Mscf
Remainder of Licence 3U Prospective Resources: 3,227,556 Mscf