Exploring Tasmania for Helium, geothermal & Nat H2

Several onshore wells drilled in Tasmania in the 1990s encountered high levels of Helium in the sub-surface.  Granite in the sub-surface in Tasmania are likely producing Helium via radiolysis (the breakdown of radioactive elements & minerals in Granite). Additionally, Helium can be sourced from deep with the Earth's mantle and migrate up faults such as those in the Tamar Fault Zone which underlie EL5/2024.

 

There is a huge demand for Helium for clean-tech, superconductor and chip manufacture, and medical imaging equipment.  The US recently declared Helium a critical mineral with limited new supplies of this gas.  Within EL5/2024 the company's technical work has identified  24 structural leads with the potential to host an in-place resource potential of 31 BCF Helium.