2023 AGM and CEO update

 

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 Lorna Blaisse, CEO	+44 20 7920 3150
Liberum Capital Limited (Nominated Adviser and Joint Broker) Scott Mathieson Ed Thomas Nikhil Varghese	+44 20 3100 2000
Peterhouse Capital Limited (Joint Broker) Lucy Williams	+44 20 7220 9792
Tavistock (Financial PR) Nick Elwes Tara Vivian - Neal	+44 20 7920 3150

 

Notes to Editors

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences totalling more than 2,964km² 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 1,900km² 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.