15
January 2025
Helium One Global Ltd
("Helium
One" or "the Company")
Galactica Project Drilling
Update
Helium One Global (AIM: HE1), acknowledges the
announcement released today by Blue Star Helium
(ASX: BNL, OTC:BSNLF) ("Blue Star") regarding the
Galactica-Pegasus project in Las Animas County,
Colorado, USA ("the Galactica
Project") and is pleased to provide the following
update.
Highlights
·
Site works at the Jackson-31 and Jackson-04 helium
wells are complete
·
All casing has been delivered to site
·
The drilling contractor is preparing to mobilise
the rig to Jackson-31 and spud is expected (early) next
week
All site works have been finalised
at the Jackson-31 SENW 3054 and Jackson-04 L4 3154 development well
locations. All casing has been delivered to
site and the drilling contractor is preparing to mobilise equipment
and rig up at Jackson-31 (early) next week, with drilling expected
to commence immediately after the rig is in place.
Upon completion of Jackson-31, the
rig will move to Jackson-04. This drilling campaign includes three
additional approved wells, with the drilling sequence to be
confirmed after Jackson-04 is drilled.
For further information please visit
the Company's website: www.helium-one.com
Contact
|
Helium One Global
Ltd
Lorna Blaisse, CEO
Graham Jacobs, Finance and Commercial Director
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+44 20 7920 3150
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Panmure
Liberum Limited (Nominated
Adviser and Joint Broker)
Scott Mathieson
Nikhil Varghese
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+44 20 3100 2000
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Zeus Capital Limited
(Joint Broker)
Simon Johnson
Louisa Waddell
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+44 20 3829 5000
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Tavistock
(Financial PR)
Nick Elwes
Tara Vivian-Neal
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+44 20 7920 3150
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Notes to Editors
Helium One Global, the AIM-listed
Tanzanian explorer, holds prospecting licences across two distinct
project areas, with the potential to become a strategic player in
resolving a supply-constrained helium market.
The Rukwa and Eyasi projects are
located within rift basins on the margin of the Tanzanian Craton in
the north and southwest of the country. These assets lie near
surface seeps with helium concentrations ranging up to 10.4% helium
by volume. All Helium One's licences are held on a 100% equity
basis.
The Company's flagship southern
Rukwa Project is located within the southern Rukwa Rift Basin
covering 1,664km2 in south-west Tanzania. This
project is considered to be entering an appraisal stage following
the success of the 2023/24 exploration drilling campaign, which
proved a helium discovery at Itumbula West-1 and, following an
extended well test, successfully flowed 5.5% helium continually to
surface in Q3 2024.
Following the success of the
extended well test, the Company has now flowed significant
quantities of helium to surface and has filed a Mining Licence
application with the Mining Commission of the Tanzanian
Government.
The Company also owns a 50% working
interest in the Galactica-Pegasus helium development project in Las
Animas County, Colorado, USA. This project is operated by Blue Star
Helium Ltd (ASX: BNL).
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.
