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Exploration and Evaluation Expenditure of AUD 3.441 Million for Kinambo Campaign

Habari mpya za fedha Tanzania · maelezo ya Exploration and Evaluation Expenditure of AUD 3.441 Mil… · imesasishwa 11 Aug 2026 · habari za uchumi · pato la taifa · uwekezaji

T

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 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.
  • 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.
  • 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.
  • Drilling contractor BoreXpert’s Schramm T130 XD rig is contracted to drill two wells at Kinambo, with additional wells contingent on the results of the first two.

Nukuu za habari mpya na vyanzo: Exploration and Evaluation Expenditure of AUD 3.441 Mil…

tanzaniainvest.comSoma zaidi

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.

Uliza chochote kuhusu mada hii — mfululizo, athari, wahusika, au uhusiano na Tanzania.