Helium One Global Ltd (LON:HE1) was founded in September 2015. The Company’s focus is to explore, develop, and ultimately, become a producer of high-grade helium for the international market, a critical material essential in modern technologies.
Helium One holds 4,512km2 of exploration licences in highly prospective helium provinces in Tanzania. The Company holds 100% of these licences and has exclusive rights to develop the assets.
There are three distinct project areas within the Company’s portfolio in Tanzania: the Rukwa, Eyasi and Balangida Projects. These all contain known helium occurrences and demonstrate ideal geological conditions for large, potentially commercial, levels of subterranean gas accumulation.
The Rukwa project is located in south western Tanzania with the Company holding 15 Prospecting Licences, covering an area of approximately 3,590 km2.
Rukwa hosts independently verified (SRK-2019) Best-Estimate Unrisked Prospective Recoverable Helium Resource (2U/P50) of 138Bcf, making this the largest known primary helium resource in the world. Helium One has identified 21 prospects and 4 leads based on high-resolution aerial gravity survey and 1,100 line kilometres of re-processed seismic data. Helium concentrations up to 10.2%He have been recorded in surface seeps, representing incredible high grade compared to typical values of 0.1-0.3% associated with hydrocarbon by-product production.
The Eyasi project area is located in north central Tanzania. The Company holds four Prospecting Licences covering an area of approximately 910 km2. Twelve leads have been mapped by utilising and interpreting the CGG Multiphysics, with surface helium seepages occurring in proximity to the mapped leads.
Gas analysis conducted during 2015 found helium concentrations of 4.3% from thermal springs. Lake Eyasi is a shallow, seasonal salt lake, with source rock, trap, and a high likelihood of salt seal potential. With lake depths typically of less than one metre, typically sections of the lake periodically dry out.
The Balangida project area is located in north central Tanzania. The Company hold one Prospecting Licence covering an area of approximately 260 km2.
No historic work has been undertaken within the Balangida project area, but Helium One has commenced limited exploration across the project. Surface helium seeps occur in the project area, with concentrations of up to 10.6%.
Gas analysis conducted during 2015 returned helium concentrations up to 10.6% from thermal springs. Like Eyasi, Lake Balangida is a shallow seasonal salt lake, hosted within a sedimentary basin with potential for source rock, trap and seal, and a high likelihood of salt seal occurrence.