Australia's Noble Helium rises on potential monetisation of Tanzania project

Noble Helium

05/03/2024 24:36

** Shares of Noble Helium  NHE.AX  rise as much as 37.9% to
A$0.120, their biggest intraday percentage gain since Dec 4,
2023
    ** Stock hits its highest level since Feb 8
    ** The helium explorer says probable free gas cap at the
Mbelele structure at its North Rukwa Project in Tanzania is six
times larger than originally mapped
    ** Adds probable free gas cap could underpin short-term
monetisation option for project on a standalone basis 
    ** Over 1.8 mln shares change hands, compared with the
30-day average volume of about 1.1 mln
    ** Stock down 17.1% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))