Helium One Global Ltd has formally accepted the mining licence awarded at the end of February for its 480km2 project in the Momba and Sumbawanga Urban Districts in the southern Rukwa Basin, Tanzania.
DEVELOPMENT
The Tanzanian authorities have also approved the environmental and social impact assessment (ESIA) submitted as part of the company’s mining licence application.
Helium One now awaits the formalities of the award and completion of regulatory framework agreements.
Chief executive officer Lorna Blaisse said that the licence, significantly larger than normally issued for a standard mineral project, would accommodate the helium play extending over a “larger fractured and faulted sub-surface area”.
“We are very pleased to have accepted this offer of the first helium ML [mining licence] in Tanzania and we look forward to further appraising and developing this project.
“Following a formal award, the company will continue the planning stage for moving this project forward towards development.”