North Rukwa Project Estimated to Have 225 Billion Cubic Feet of Helium Resource
Latest Tanzania mining news · North Rukwa Project Estimated to Have 225 Billion Cubic… explained · updated Aug 11, 2026 · breaking news · latest updates · explained
TLDR
- Noble Helium Limited (ASX:NHE) has raised AUD 12 million and contracted a drilling rig for its Kinambo campaign at the North Rukwa helium project in Tanzania, ending the June 2026 quarter with AUD 6.689 million in cash.
- The rig is expected to mobilise to the North Rukwa site in August 2026, after site preparation works and the delivery of long-lead items required for the Kinambo campaign got underway during the quarter.
- An independent estimate by Netherland, Sewell & Associates put North Rukwa’s prospective helium resource at 225 billion cubic feet.
- Kinambo-2 will be drilled approximately 400 metres to the northeast, targeting the deeper Galula formation to a depth of around 1,750 metres.
- North Rukwa and The Helium Market The North Rukwa Project lies within Tanzania’s Rukwa Basin, which the company describes as having potential to become the world’s third-largest helium reserve after the United States.