Noble Helium Ltd. (AU:NHE) has released an update.
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Noble Helium Ltd. has reported significant helium concentrations of 2.46% at their North Rukwa Project in Tanzania, indicating a potential for commercial production with high flow rates in a geopolitically stable location. Following the drilling of two wells, the company has seen its probable gas cap at Mbelele expand sixfold, surpassing initial estimates. Corporate leadership changes and a Share Purchase Plan to raise $3.5 million were also announced.
For further insights into AU:NHE stock, check out TipRanks’ Stock Analysis page.