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Introduction

High grade helium on a unique geological setting

Helium One holds 2,964km2 of Prospecting Licences in three areas: the Rukwa, Balangida and Eyasi projects. These projects all have surface seeps with helium concentrations up to 10.6% He, and have the potential to have the correct geological components to make up a ‘working helium’ system: source, trap, reservoir and seal.

The exploration permits are located near surface seeps, with helium concentrations ranging between 2.5% and 10.6% by volume.

Following the Company’s Phase I exploration programme in 2021, the Rukwa project is considered to have been significantly de-risked by the drilling of the Tai-1/-1A well which identified multiple prospective intervals with helium shows.

Both the Eyasi and Balangida projects are considered as early-stage exploration projects but are currently being evaluated by the subsurface team.

Rukwa Project

1,898km2
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Eyasi Project

807km2
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Balangida Project

259km2
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