Contract for Drilling Rig at North Rukwa Project
Habari mpya za nishati Tanzania · maelezo ya Contract for Drilling Rig at North Rukwa Project · masasisho 2026 · imesasishwa 11 Aug 2026 · habari za nishati · umeme
Muhtasari
- 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 company has contracted a rig to drill two wells at its Kinambo prospect within the North Rukwa Project in Tanzania, with mobilisation expected in August 2026.
- 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.
- The company converted AUD 6.603 million of existing loans into equity during the quarter, reducing its debt load as it moves toward the start of drilling.
- Exploration and evaluation expenditure for the quarter totaled AUD 3.441 million, reflecting spending on the Kinambo site works, seismic reprocessing, and preparations ahead of the planned drilling campaign.