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An announcement from Noble Helium Ltd. ( (AU:NHE) ) is now available.
Noble Helium Limited has announced the commencement of a five-hole drilling campaign at its North Rukwa Project in Tanzania, targeting gas-phase helium resources. This campaign, independently reviewed by industry experts, aims to develop a small-scale operation capable of generating positive cash flow within 18 months. The drilling plan aligns with the company’s strategic direction to monetize its helium resources quickly, with the potential to establish North Rukwa as a significant helium-producing system.
More about Noble Helium Ltd.
Noble Helium Limited operates in the helium exploration industry, focusing on the identification and development of helium resources. The company is primarily engaged in exploring gas-phase helium resources in Tanzania, with a particular emphasis on the North Rukwa Project.
Average Trading Volume: 1,142,307
Technical Sentiment Signal: Hold
For detailed information about NHE stock, go to TipRanks’ Stock Analysis page.