Noble Helium Ltd. · ASX:NHE
Noble Helium — Investor Presentation (February 2026)
15 slides from Noble Helium's investor presentation, February 2026
Slide 1: Securing the World's Most Critical Technology Resource
Presentation Mr Dennis Donald February 2026 Executive Chairman Securing the World's Most Critical Technology Resource The largest non-hydrocarbon helium opportunity on Earth. New leadership. Disciplined execution. Global ambition. ASX: NHE noblehelium.com.au
Slide 2: The Journey since 17 February 2025
2 The Journey since 17 February 2025 Board changes Letter to shareholders Dennis Donald appointed First webinar Challenge 1 resolved – 17 Feb 2025 21 Feb 2025 Chairman 5 March 2025 31 March 2025 Marriott rig leaves Tanzania Review identifies 3 26 May 2025 significant challenges
Slide 3: The Journey since 17 February 2025
3 The Journey since 17 February 2025 Challenge 2 partially solved – North Rukwa Resource North Rukwa drilling program Chairman lends $600,000 Negotiated standstill Upgrade 28 July 2025 Update 14 August 2025 to Company 7 July 2025 on Obsidian convertible loan 23 June 2025
Slide 4: The Journey since 17 February 2025
4 The Journey since 17 February 2025 Duncan MacNiven makes Webinar 30 October 2025 AGM 27 November 2025 Webinar 18 August 2025 – Strategy (all resolutions except Board spill and project update A$1.46m secured loan to Company Progress update passed) 7 October 2025 Challenge 2 resolved – Obsidian Conv
Slide 5: The Journey since 17 February 2025
5 The Journey since 17 February 2025 15 January 2026 VAT shortfall loan rolled over and partially repaid A$2.15m raised from syndicate of Professional and Chairman makes further A$250k Sophisticated investors to fund this. short term interest free loan to Webinar 4 February 2026 Company 16 January 2
Slide 6: Supporting detail
6 The Journey since 17 February 2025 Supporting detail Placed core team on half-salary immediately on taking charge New executive team deferring all salary until company finances healthy Cost Savings & Financial Introduced strict cost control governance and inventory control processes Support
Slide 7: Supporting detail
7 The Journey since 17 February 2025 Supporting detail Commissioned independent deep peer review of the Company’s geological analysis, well Geological and Operational design and operational drilling plans. Review Peer review confirmed drilling locations for the “proving” wells on the Western fla
Slide 8: Our 2026 Goals
8 Our 2026 Goals Rig mobilisation is a top priority. Rig mobilisation We expect to mobilise the rig to the Rukwa to commence drilling as soon as possible after raising the necessary funds. Our plan is currently is to do this during Q2 2026. (This is of course subject to change as circumstances
Slide 9: Our 2026 Goals
9 Our 2026 Goals • Ensure sufficient financial resources and cost controls to Optimize for Growth support sustained activity • Further advance operational effectiveness • Progress commercialisation pathways • Maintain regular stakeholder communication FROM THE CHAIRMAN: “We recognise the challenges
Slide 10: 2026 North Rukwa Drilling Program Optimisation
Webinar Mr Justyn Wood 4 February 2026 Executive Director 2026 North Rukwa Drilling Program Optimisation ASX: NHE noblehelium.com.au
Slide 11: Enhanced Probability of Success; no change to Budget
2026 North Rukwa Drill Program Optimisation 11 Mbelele Enhanced Probability of Success; no change to Budget 1. Optimised program – 4 wells, down from 5 • 3 x exploration wells at Kinambo, one 3.5 times deeper (~1400mTVD) to test primary seal/reservoir 1. Increases # targets, reduces risk dependence
Slide 12: Updated Kinambo / Ngambwa Summary
Kinambo Charge and Drill Target Schematic February 2026 12 BOLD = Primary Target Updated Kinambo / Ngambwa Summary S GL K-E (Ngambwa) K-B 10%-80% CO2 K-C He 2-4X background N • High priority Rukwa basin area for high % helium in 100 gas phase 145 ACTS, 171 AVO 200 • Opportunity to calibrate geophysi
Slide 13: Drilling Preparations
Operational Progress 13 Drilling Preparations • Upgrades to larger BoreXpert rig underway • BOP and additional LLIs sourced for deeper well Drilling Approvals • All government approvals in place Land Access and Community • Community relations in excellent standing • Agreements in place for additiona
Slide 14: Questions:
14 Questions: neble HELIUM
Slide 15: Developing one of the world's most prolific helium systems.
Developing one of the world’s most prolific helium systems. T: +61 (0)8 9481 0389 To redesign E: info@noblehelium.com.au Registered Office Noble Helium Limited Level 8, London House 216 St Georges Terrace Perth Western Australia 6000 noblehelium.com.au ACN 603 664 268