NHE – Noble Helium Limited
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The current principal activity and key focus for the Group during the half year was exploration for new sources of helium in the United Republic of Tanzania. The Company’s four projects are being advanced to serve the increasing supply chain fragility and supply-demand imbalance for this scarce, tech-critical and high-value industrial gas.
Our flagship North Rukwa Project lies within Tanzania’s Rukwa Basin, which has the potential to be the world’s third largest helium reserve behind USA and Qatar.
Priced at up to 50 times the price of LNG in liquid form, helium is now essential to many modern applications as an irreplaceable element in vital hi-tech products such as computer and smartphone components, MRI systems, medical treatments, superconducting magnets, fibre optic cables, microscopes, particle accelerators, nuclear fusion, AI and space rocket launches.
Review of Operations
The North Rukwa Basin in Tanzania is recognised as one of the most promising primary-helium systems globally, with the potential to be the world’s third largest helium reserve behind the USA and Qatar.
During the half year, we continued to refine the reservoir and charge-system model for the North Rukwa Project that underpins our planned Q2 CY2026 drilling campaign.
Building on the data obtained from the 2023 Mbelele drilling campaign, which successfully confirmed a working helium system in the North Rukwa and recovered up to 2.46% helium1 from gases dissolved in formation fluids, our exporation team completed a comprehensive update of the charge model from the Company’s entire subsurface dataset.
Relevant parts of the dataset were separately provided to the Company’s resource auditors, Netherland Sewell & Associates,, for review.
Subsequently, in July 2025, Noble Helium announced that NSAI had confirmed significant upgrades to the gas-phase Prospective Helium Volumes across the North Rukwa project licences .
