Australia's Noble Helium rises on helium exploration licence in Tanzania

Noble Helium

15/09/2022 01:49

** Australia's Noble Helium Ltd  NHE.AX  rises as much as
9.1% to A$0.18, biggest intraday jump since Aug. 30
    ** The helium explorer says awarded five new prospecting
licences in the Eyasi basin in north Tanzania (https://bit.ly/3BIC50Y)
    ** Says increased strong licencing position in the Tanzanian
helium basins, which includes prospective Basin Margin Fault
Closure - play displaying positive indications
    ** Adds that helium measured in Eyasi basin hot springs at
up to 5.7%, vs widely held onshore U.S. commercial cut-off of
0.3%
    ** NHE down 59.8% since debut in early April, as of last
close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))