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Noble Helium Ltd. ( (AU:NHE) ) has issued an update.
Noble Helium Limited has announced an upgrade to its gas-phase Prospective Helium Resource Estimate for the North Rukwa Project, following an independent assessment by Netherland, Sewell & Associates, Inc. The updated resource estimate, which incorporates recent exploration data, indicates a significant increase in helium volumes, with the ‘Mean BCF Estimate’ rising by 28.5%. This development is part of a strategic review aimed at refining the company’s drilling plans and enhancing operational efficiency. The company is finalizing plans for its next drilling campaign, targeting optimal locations for helium extraction, and has completed a strategic review to implement best-practice governance and improve processes.
More about Noble Helium Ltd.
Noble Helium Limited is an Australian company focused on the exploration and development of helium resources. Its primary operations are centered around the North Rukwa Project, which is positioned as a potentially significant helium-producing system.
Average Trading Volume: 1,074,660
Technical Sentiment Signal: Hold
For an in-depth examination of NHE stock, go to TipRanks’ Overview page.