Tanzania-focussed helium explorer Helium One Global announced a new independent verification of prospective resources at its Tai Prospect on Monday.
The AIM-traded firm said the evaluation, conducted by reserves auditors ERC Equipoise, resulted in significant increases in the estimated helium and total gas resources.
According to the report, the deterministic sum of the unrisked estimates of 2U net helium prospective resources at Tai was 2.8 billion cubic feet.
Additionally, the deterministic sum of the unrisked 2U total gas prospective resources across various intervals was 212.2 billion cubic feet.
Helium One Global Ltd (LON:HE1) 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. The company 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.