Helium One Global Ltd is progressing towards operational phase with new studies, an expanded technical team and a review of production options at Rukwa in Tanzania. FS Conversion of its licences from prospecting to mining requires an environmental and social impact assessment, which forms part of the feasibility study. An expanded technical team is expected […]
Tag: Helium One Global Ltd
Helium
Helium One nears appraisal of Itumbula West-1
Helium One Global Ltd is preparing to move beyond exploration following drill stem test results from the Itumbula West-1 well at Rukwa, Tanzania. EVALUATION The test measured a maximum flow rate of 0.5 million cubic feet per day containing 4.7% helium, without any artificial lift, from the factured Basement and faulted zone. Flow rates in […]
Helium One raises £4.7m via discounted placing
Helium One Global Ltd has raised £4.7 million before expenses through a company-led placing of 313,333,333 new ordinary shares at a price of 1.5p per share. The placing price represents a discount of approximately 30% to the closing share price of 2.16p on 6 February 2024. Following admission, Helium One’s issued and fully paid share […]
Helium One Itumbula West-1 flows helium to surface
Helium One Global Ltd’s completed Itumbula West-1 well flowed high concentration helium, measuring 4.7%, from Basement to the surface at Rukwa, Tanzania. EVALUATION The company yesterday said that a measured helium concentration of 4.7% equates to almost 9,000 times above background levels. Hydrogen also flowed to surface during basement testing, at a concentration of 2.2%, […]
Helium One finds elevated shows in Itumbula West-1
Helium One Global Ltd reported consistent elevated helium shows, over twenty times above background, while drilling the Itumbula West-1 well on the Rukwa licence in Tanzania. EVALUATION Drilling in the Lake Beds Formation, Red Sandstone Group, Karoo Group and Basement targets yesterday, reached a total depth of 961m measured depth. Helium shows increased in frequency […]
Helium One begins drilling Itumbula West-1 well
Helium One Global Ltd has begun drilling the Itumbula West-1 well, targeting two major fault zones and the Karoo Group, on the Rukwa licence in Tanzania. EVALUATION Having installed the new iron rough neck and completed hydraulic repairs, the company is currently cementing the 20″ conductor before drilling the 17.5″ hole section. An open hole […]