Long long way to go23 Feb 2026 00:16
What Iam reading is He1 still very much in exploratory stage, their seeking a partner for further exploratory work. This is a unique play meaning different to.the norm. Expensive .
Read the rns, further investigation, that will be a 3d sisemic survey. That's about a year from plotting to interpretation.
Forward Plan
The Company will now continue to evaluate the results of this test. In particular, it will seek to increase its understanding of the sources and interaction of the helium enriched fluids that have been identified. This will require further drilling and testing, which will likely focus on primary fractured Basement targets at other locations across the 480 km2 Mining Licence area. A number of these targets have already been identified by the Company, and many of these are at shallower depths where the Basement is juxtaposed against faults.
During this evaluative phase, the Company will also consider additional data acquisition options which will enable a more detailed evaluation of Basement fractures and connectivity. Future work programmes will need to focus on appraising the full potential of the Basement helium play.