Two projects with surface concentrations up to 10.5% helium and similar settings to Rukwa

Growth projects

The Company’s additional two projects, outside of Rukwa, are located in Central-North Tanzania. Both have exceptional helium gas concentration at surface, and ideal geology for source, reservoir, trap and seal.

These projects are not as advanced in their exploration as the Rukwa Project, however Helium One has commenced a work program, including an airborne gravity survey, to define prospective sub-surface structures.

A comprehensive work programme to develop these projects is to occur in 2016

Balangida

Gas analysis conducted in November 2015 returned helium concentrations up to 10.5% from thermal springs. Balangida is a shallow seasonal salt lake with a high likelihood of a salt seal occurrence. It is hosted within a sedimentary basin with potential for source rock, trap and seal. Lake depths typically remain less than one metre and sections of it periodically dry out.

The project benefits from established infrastructure being connected to the port of Dar es Salaam via a 690km sealed arterial road and is 100km from the regional capital, Singida.

Eyasi

Gas analysis conducted in November 2015 returned helium concentration of 4.3% from thermal springs. Eyasi is also a shallow seasonal salt lake with a high likelihood of a salt seal occurrence. It is also a sedimentary basin with source rock, trap and seal potential. Lake depths typically remain less than one metre and sections of it periodically dry out.

The project is supported by established infrastructure being 800km to the port of Dar es Salaam via a sealed arterial road and is 150km from city of Arusha, Tanzania’s fourth largest city.

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