Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From RigPig on telegram
Emphasis on the words 'additional zones' the max forecast of 10 days, would be to accommodate additional targets revealed during wireline/logging. I'm hoping wireline threw a lot more targets into the equation
Note also, it simply states 'additional samples' will be sent of to lab. The actual testing is taking place on site. They may just announce an all out discovery. The results to the lab will be to independently verify the samples/results.
Remember last time, they're on about months etc. They've tooled up to avoid the wait
The Company will now rig up for wireline operations to log the entire well. Following wireline operations, the Company will then perform an open hole well test (DST) across the faulted zone and additional zones of interest, once full petrophysical analysis of the wireline logs is complete. Downhole samples will be taken and evaluated onsite using the pressure-volume-temperature field laboratory. Any additional samples will be sent off to specialised noble gas laboratory for further verification.
The Company will make further announcements following the results of wireline operations and the completion of well testing.
Https://hotcopper.com.au/asx/nhe/
Open top thread to read the ANN
Highlights
• Mbelele wells completed at North Rukwa
Helium Project. Multiple data points
throughout the drilling campaign point to a
prolific helium system.
• Firm commitments received from institutional,
sophisticated and accredited investors to raise
$14.0 million (before costs). Completed 30
January 2024.
• Planning is now underway to move as quickly
as possible to flow test the Lake Beds and test
the gas cap identified at Mbelele-1. This
information will be critical in executing our
early monetisation strategy.
• Commercial negotiations advanced towards
securing a leased plant and offtake
agreement.
Https://twitter.com/Soulbythewater/status/1752749556620542450?t=tjW9fW18w2wvTdYtxaFbtA&s=19
Https://hotcopper.com.au/asx/nhe/
Could be HE1 very soon :-)