Noble Helium's Significant Discovery at Mbelele

Noble Helium Limited (ASX: $NHE) has revealed a significant breakthrough at its North Rukwa Project in Tanzania. The company's detailed analysis and integration of well data indicate the discovery of a probable free gas cap at Mbelele, which is six times larger than originally mapped. This discovery could potentially underpin short term monetisation options on a standalone basis. The EOI process for low-cost drilling kit for the appraisal program is also attracting significant interest.

Executive Commentary on Mbelele Discovery

Our ongoing analysis of the probable free gas cap at Mbelele is now revealing a significant structure with strong potential to take us down the monetisation path. Planning and procurement is well underway to appraise Mbelele while negotiations are advancing with potential off-takers to manage logistics and fund downstream facilities. Amid growing global demand for helium, I am excited about North Rukwa's phenomenal potential and what it means for the Company.

Summary of Noble Helium's Discovery and Outlook

Noble Helium's discovery of a significant probable free gas cap at Mbelele presents a promising opportunity for the company to capitalize on the prolific helium potential of its North Rukwa Project in Tanzania. The larger size and scale of the gas cap, along with the potential for short term monetisation options, indicate a positive outlook for Noble Helium. The company's plans to sample and flow test the probable free gas cap and underlying helium saturated water, along with the advancing modeling, well design, and sourcing of onsite testing facilities, demonstrate a proactive approach towards harnessing this discovery. With the growing global demand for helium and the potential for North Rukwa's phenomenal helium potential, Noble Helium is well-positioned to make significant strides in the high-tech world's helium market.