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The latest update is out from D3 Energy Limited ( (AU:D3E) ).
D3 Energy Limited has been granted a new Technical Cooperation Permit, TCP273, adjacent to its existing acreage in South Africa’s Free State helium province, expanding its total granted and applied-for exploration footprint in the region to 478,699 acres. The new 82,777-acre permit lies along structural trends hosting the company’s existing discoveries, where previous work at ER315 delivered helium concentrations of up to 6.2% from shallow boreholes.
Management said the award of TCP273 aligns with D3 Energy’s strategy of securing high-value helium and natural gas acreage along proven structural zones and leverages proprietary geological modelling to add meaningful exploration upside. The one-year, low-cost, desktop-based permit is expected to lead to an application for a full Exploration Right, potentially increasing the company’s contingent and prospective helium and methane resource inventory and reinforcing its position as a leading helium developer in the region.
More about D3 Energy Limited
D3 Energy Limited is an ASX- and OTCQX-listed helium and natural gas explorer and developer focused on South Africa’s Free State Province. The company is building a portfolio of high-value helium and methane acreage, anchored by its flagship Exploration Right ER315 and supported by additional permits and applications across structurally prospective trends.
Average Trading Volume: 34,497
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$48.79M
For detailed information about D3E stock, go to TipRanks’ Stock Analysis page.