Helium One Global Limited, the helium exploration and development company, is pleased to announce its results for the six months ended 31 December 2020 as well as provide an update on the Company's progress on its projects in Tanaznia post the half year end.
Highlights
· Successful listing on AIM on 4th December 2020
· Ovesubscribed £6 million fundraising, fully funding the Company's initial exploration programme
· Exploration programme commenced on the Company's helium projects in Tanzania
· Infill seismic campaign in our Rukwa license area is successfully underway
· Drilling contract signed with Mitchel Drilling with drilling scheduled to commence in mid-May on Rukwa
· Strengthened in-house technical capabilities with the appointment of Lorna Blaisse as Principal Geologist
· Net cash balance as at 31 December 2020 of $6,584,886 (31 December 2019: $577,997)
Ian Stalker, Chairman of Helium One commented:
" This has been an incredibly exciting time for Helium One. In the period under review we completed our listing on AIM and also secured finance for our aggressive exploration programme.
"We are now delivering this programme which is advancing at pace and on budget. The infill seismic data that is being acquired is the last stage prior to definining the optimal drill locations for our drilling campaign, expected to commence in mid-May. With the upgraded drill rig supplied by Mitchell Drilling, we have the operational flexibility to move straight from exploration to appraisal, further fast tracking the operations whilst saving considerable money.
"We believe our current campaign has the protential to show that Rukwa is a clean sustainable project with significant global implications in a supply constrained helium market. We look forward to providing further updates as our programme progresses."
