Helium One

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Southern Rukwa project

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CEO Lorna Blaisse talked with Proactive's Stephen Gunnion about an independent competent person's report (CPR) and progress on its projects in Tanzania and the United States. Blaisse explained that the CPR marks a clear step forward for the company’s development at the Southern Rukwa Basin, noting its unique nature as a “solution play” with helium in solution rather than free gas.

She highlighted that previous CPRs lacked well test data and focused on conventional models, whereas the new CPR introduces contingent resources for the first time. “This is a significant step up,” Blaisse said, referencing Sproule ERCE’s assessment that supports development under the newly offered mining license.

Blaisse also provided an update on the company's US operations. She confirmed that a six-well campaign had concluded at the Galactica project in Colorado, with a helium and CO2 processing facility targeted for commissioning by year-end. “We’re very much moving towards first gas at the end of this year,” she noted.

She emphasised the company's strong position with near-term cash flow expected from the US project and a robust development opportunity in Tanzania. 

These parallel efforts form a balanced portfolio and a solid basis for Helium One Global to move forward, with further appraisal and offtake engagement planned to underpin development financing.

CEO Lorna Blaisse says independent CPR for Southern Rukwa project is a 'significant step up'