Noble Helium's plans to monetise helium potential

Noble Helium Limited (ASX: $NHE) is making significant progress in exploring the commercial potential of the Mbelele shallow gas cap zone at its North Rukwa Project in Tanzania. Mud-log data and reservoir modelling have indicated the presence of high helium concentrations, paving the way for potential commercial flow rates. The company is now focused on conducting low-cost tests to further evaluate the production potential and unlock the unique helium-producing system in the region.

Executive Commentary on Mbelele Shallow Gas Cap Zone

Evidence is building that the Mbelele free gas cap has the potential to be monetised in the short term. For any helium resource to be commercial, you need to have high helium concentrations and critically, it needs to be contained in productive reservoirs with the necessary permeability and porosity for gas to flow at commercial rates - based on the evidence to date Mbelele ticks these boxes. While further flow testing and sampling are required to confirm the ultimate flow rates and gas composition, this is an excellent starting point as we unlock the potential of the North Rukwa, a unique, and prolific pure helium producing system.

Summary of Mbelele Shallow Gas Cap Zone Exploration

Noble Helium Limited (ASX: $NHE) is actively pursuing the commercial potential of the Mbelele shallow gas cap zone at its North Rukwa Project in Tanzania. The company's exploration has revealed high helium concentrations and the potential for commercial flow rates, indicating a promising opportunity for monetisation in the short term. With plans to conduct low-cost tests and ongoing discussions with potential off-takers, Noble Helium is strategically positioned to capitalize on the increasing demand for 'green helium' sourced from non-carbon environments. The company's commitment to serving the growing need for a primary, carbon-free, and geo-politically independent source of helium aligns with the global marketplace's focus on cleaner helium production.