NHE identifies additional shallow free gas helium targets and hydrogen potential

Noble Helium Limited (ASX: $NHE) has identified eight additional potential shallow free gas helium targets onshore within the Western Rukwa Upper Lake Beds zone. The company has also upgraded the hydrogen potential in the NHE Western Rukwa area, with high hydrogen concentrations in high-quality reservoir sections. A low-cost shallow geophysics program will be undertaken by a team from the University of Dar es Salaam in August to mature the potential shallow free gas helium targets to drillable status. The Mbelele appraisal drilling program will be expanded with additional targets to enhance the commercialization program and gather data to further understand the 'White' Hydrogen potential. All matured shallow free gas helium targets can be drilled and tested this dry season.

NHE Managing Director & CEO, Mr Shaun Scott, on the identification of additional targets and white hydrogen potential

Mr Shaun Scott, NHE Managing Director & CEO, stated, 'Identifying the potential free gas cap while drilling Mbelele-1, in conjunction with the widespread high helium concentrations sampled throughout the lake beds and in soil gas surveys gave a strong indication this was not an isolated occurrence. Re-examining all of the data we have gathered to date with a change in focus towards this type of structure has proven successful and we expect to turn many of these additional potential targets into drill prospects for our appraisal program using the simple, quick, low-cost shallow geophysics surveys which will be undertaken by the University of Dar es Salaam.' He also mentioned, 'We have also had time to focus on the hydrogen potential, following up on the significant above background levels of hydrogen detected in the mud-gas while drilling Mbelele-2. This has resulted in careful, in-house verification and analysis, since the drilling of Mbelele-1 and -2, with high levels of hydrogen observed in both wells and the right geology for natural hydrogen creation. Testing of the hydrogen potential will form part of the upcoming appraisal program.'

Expansion of appraisal activities and outlook for NHE's corporate strategy

Noble Helium Limited (ASX: $NHE) has identified eight additional potential shallow free gas helium targets onshore and upgraded the hydrogen potential in the NHE Western Rukwa area. The company plans to expand the upcoming appraisal activities to include these additional targets, with a view to an upscaled helium development program of the North Rukwa project, and to gather further data to understand the identified 'white' hydrogen potential. The nimble nature of the rig and the low per hole drilling costs are expected to accommodate the additional wells with the existing cash. The company anticipates that the upcoming low-cost, shallow drill targets will enhance the expectation for high hydrogen productivity in its license areas. Noble Helium aims to serve the increasing supply chain fragility and supply-demand imbalance for helium, positioning itself as a primary, carbon-free, and geo-politically independent source of helium in the high-tech world.