Noble Helium confirmed helium concentrations of 2.46% after lab results at its Mbelele prospect in Tanzania's North Rukwa Project. These concentrations align with the company's initial field calculations. Further appraisal and testing, including for hydrogen potential (which was observed consistently at up to 1,500 times background levels), are planned to explore additional upside. Significant upgrades to net reservoir estimates across both Mbelele-1 and Mbelele-2 have been confirmed. Mbelele-1 net reservoir has increased from 47.5m to 148m and Mbelele- 2 has increased from 163m to 271m with consistently high permeability and good porosity indicative of very high flow potential. The company is also collaborating with the University of Queensland Centre for Natural Gas to implement low-cost drilling and testing technologies, aiming to accelerate analysis and monetisation strategies. In parallel, commercial negotiations towards securing a leased plant and offtake agreement are continuing.
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