Helium One Global Ltd 2023 AGM and CEO update (9341P)

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RNS Number : 9341P

Helium One Global Ltd

15 February 2023

15 February 2023

Helium One Global Ltd

("Helium One" or "the Company")

2023 AGM and CEO update

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, announces that at today's AGM, Lorna Blaisse, the Company's new Chief Executive Officer, will give an update presentation to the meeting, a copy of which will be uploaded to the Company's website.

The Company has updated the operational outlook using information which is current as at today's date, based on ongoing negotiations with rig providers. This outlook indicates a planned drilling programme at Rukwa commencing in Q3 of this year.

For further information please visit the Company's website: www.helium-one.com

Contact

 
 Helium One Global Ltd 
  Ian Stalker, Non-Executive Chairman          [phone] 
  Lorna Blaisse, CEO                            3150 
 
 Liberum Capital Limited (Nominated Adviser 
  and Joint Broker) 
  Scott Mathieson 
  Ed Thomas                                    [phone] 
  Nikhil Varghese                               2000 
 
 Peterhouse Capital Limited (Joint Broker)     [phone] 
  Lucy Williams                                 9792 
 
 Tavistock (Financial PR) 
  Nick Elwes                                   [phone] 
  Tara Vivian - Neal                            3150 
 

Notes to Editors

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences totalling more than 2,964km(2) across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. The assets lie near surface seeps with helium concentrations ranging up to 10.6% He by volume. All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

The Company's flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900km(2) in south-west Tanzania. The project is considered to be an advanced exploration project with leads and prospects defined by a subsurface database including multispectral satellite spectroscopy, airborne gravity gradiometry, 2D seismic data, and QEMSCAN analysis. The Rukwa Project has been de-risked by the 2021 drilling campaign, which identified reservoir and seal with multiple prospective intervals from basin to near surface within a working helium system.

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.

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February 15, 2023 02:00 ET (07:00 GMT)