A clean and sustainable source of helium
The Balangida project area is located in north-central Tanzania. The Company hold one Prospecting Licence covering an area of approximately 259km2 which encompasses the entire basin. Gas sampling of surface seeps during 2015, and more recently in 2022, returned helium concentrations up to 10.6% He from thermal springs.
Like lake Eyasi, Lake Balangida is a shallow seasonal salt lake, hosted within a sedimentary basin with potential for the development of good reservoir, trap and seal. It is positioned on the eastern arm of the East Africa Rift System (EARS) against the helium-sourcing Tanzanian Craton. The Company acquired a 1,537km Airborne Gravity Gradiometry (AGG) survey in 2016 and have recently processed and reviewed this data to aid an improved understanding of the basin structure and prospectivity. A basin-wide multispectral satellite spectroscopy (MSS) seep study in 2021 has also confirmed the presence of these known seeps and has aided our exploration efforts.
The project benefits from established infrastructure and is 690km from the port of Dar es Salaam via a sealed arterial road. The project is 100km from the regional capital, Singida.