Tanzania-focussed helium explorer Helium One Global has completed the analysis of its proprietary high-resolution Falcon airborne gravity gradiometry (AGG) and aeromagnetic data over the Balangida Rift Basin, it announced on Monday.
The AIM-traded firm said the work would lead to further helium gas exploration target generation in Balangidam, widening its overall opportunity in the country.
It said Balangida has the presence of high-grade helium macro seeps enriched with other high-value noble gases, with recent field work sampling showing between 6.2% and 6.4% helium, and 2.0% argon.
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.