Award of Drilling EIA Certificate

RNS Number : 4587Y

Helium One Global Ltd

13 May 2021

 

13 May 2021

Helium One Global Ltd

Award of Drilling EIA Certificate

Helium One (AIM: HE1) ("Helium One" or "the Company") is pleased to announce the official award of an Environmental Impact Assessment (EIA) Certificate for its planned exploration drilling programme at Rukwa Project (100%) in Tanzania.

The official award of the EIA certificate, which was signed on the 4^th May, means that Helium One has all necessary permits in place to commence exploration drilling in early June. 

David Minchin, Chief Executive Officer, commented:

"We are delighted to have officially received all the necessary permits and clearances to commence our drilling activities.  This will allow us to start our maiden exploration drilling campaign as planned in early-June.

"The award of our drilling EIA demonstrates the support of the government for our ongoing exploration in Rukwa.  Under the leadership of President Samia Suluhu Hassan, Tanzania is promoting itself as a pro-business jurisdiction seeking external investment.  President Hassan has publicly declared her support for helium extraction in Tanzania and is working to reduce delays in the development process.

"We are grateful to the Honourable Selemani Jafo for concluding the signature of the EIA as one of his first acts since assuming the role of Minister of State (Union and Environment). Helium One appreciates the continued collaboration and support of the Government of Tanzania, Regional Officials, District and Village Government Councils as we look to deliver our maiden drilling campaign.

 "We look forward to continuing to work closely with the community in Rukwa as we commence our maiden exploration drilling campaign in early June."

For further information please visit the Company's website: www.helium-one.com  

 

Contact

Helium One Global Ltd David Minchin, CEO	[phone]
Beaumont Cornish Ltd (Nominated Adviser) James Biddle Roland Cornish	[phone]
Canaccord Genuity Limited (Joint Broker) Adam James	[phone]
Peterhouse Capital Limited (Joint Broker) Lucy Williams	[phone]
Pello Capital(Retail Broker) Callum Hill	[phone]
Tavistock(Financial PR) Nick Elwes	[phone]

Notes to Editors

Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.

Helium One's assets are located within the rift basins on the margin of the Tanzanian Craton. Through Helium One's subsidiary companies Gogota (Tz) Limited, Stahamili (Tz) Limited and Njozi (Tz) Limited, the Company has secured 18 Prospecting Licences covering more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.5% He by volume. 

The Rukwa Project is located within the Rukwa Rift Basin covering 3,448km² in south-west Tanzania.  The project is considered to be an advanced exploration project and the company has identified 4 prospects and 21 leads based on historical drilling, reprocessed seismic lines, high resolution gravity survey, and surface seep analyses.

SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource of 138 Bcf (2U/P50) for the Company's Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues.

All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HOGLF.

 

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