New Risk • Jun 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m (AU$23k revenue, or US$17k). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$21.4m market cap, or US$15.3m). New Risk • Apr 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m (AU$23k revenue, or US$17k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$20.6m market cap, or US$14.8m). Announcement • Apr 03
Noble Helium Limited has filed a Follow-on Equity Offering in the amount of AUD 12 million. Noble Helium Limited has filed a Follow-on Equity Offering in the amount of AUD 12 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 137,931,034
Price\Range: AUD 0.029
Discount Per Security: AUD 0.00174
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 275,862,069
Price\Range: AUD 0.029
Discount Per Security: AUD 0.00174
Transaction Features: Subsequent Direct Listing New Risk • Apr 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m (AU$23k revenue, or US$16k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$22.8m market cap, or US$15.6m). Announcement • Feb 16
Noble Helium Limited Appoints Amanda Burgess as Non-Executive Director, Effective February 16, 2026 Noble Helium Limited announced the appointment of Ms. Amanda Burgess as Non-Executive Director effective February 16, 2026. Ms. Burgess has been the Company Secretary of Noble Helium since October 17, 2025. Ms. Burgess is an accounting and company secretary professional with over 30 years’ experience. She graduated from University of WA with a Bachelor of Economics degree and is a member of CPA Australia (CPA). She specialises in corporate compliance, statutory reporting and financial accounting. Ms. Burgess currently holds CFO and Company Secretary positions with various Australian companies and is currently Company Secretary for ASX listed company Nico Resources Limited. New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.2m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m (AU$22k revenue, or US$14k). Minor Risk Market cap is less than US$100m (AU$25.8m market cap, or US$16.9m). New Risk • Oct 09
New major risk - Revenue and earnings growth Earnings have declined by 53% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.2m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m (AU$22k revenue, or US$14k). Minor Risk Market cap is less than US$100m (AU$22.8m market cap, or US$15.0m). Announcement • Oct 08
Noble Helium Limited, Annual General Meeting, Nov 27, 2025 Noble Helium Limited, Annual General Meeting, Nov 27, 2025. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (AU$9.0 revenue, or US$6.0). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$11m). Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.4m net loss in 2 years). Market cap is less than US$100m (AU$22.5m market cap, or US$14.9m). New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$11.0m market cap, or US$6.93m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.4m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Announcement • Feb 25
Noble Helium Limited Announces Executive Changes Noble Helium Limited announced that Mr. Craig McNab has been appointed as Company Secretary. Mr. McNab is a Chartered Accountant and Fellow member of the Governance Institute of Australia (Chartered Secretary) with over 15 years' experience in the resource industry and accounting profession in Australia, NZ and the UK. McNab initially qualified as an auditor at PricewaterhouseCoopers and his experience includes senior finance positions held at the De Beers Group and various corporate roles at Anglo American plc in London. He now specialises in corporate compliance, governance and financial accounting services for a number of ASX-listed companies. Mr. McNab was previously the Company Secretary of Noble Helium and was a vital part of the Company's successful listing on the ASX in 2022. Mr. McNab is an Australian resident and will be the person responsible for communications with the ASX in relation to listing rule matters under Listing Rule 12.6. Mr. McNab replaces Mr. Duncan Cornish who has now stepped down from his role as Company Secretary. The Board wishes to thank Mr. Cornish for his efforts in assisting the
Company over the last 12 months. New Risk • Feb 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.6m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$15.6m market cap, or US$9.92m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$2.6m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Board Change • Feb 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Andrew Garnett was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$25.2m market cap, or US$15.7m). New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (AU$25.7m market cap, or US$16.0m). Announcement • Dec 10
Noble Helium Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Noble Helium Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,069,443
Price\Range: AUD 0.045
Discount Per Security: AUD 0.00135
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,597,224
Price\Range: AUD 0.045
Discount Per Security: AUD 0.00135
Transaction Features: Subsequent Direct Listing New Risk • Nov 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$30.1m market cap, or US$19.6m). Announcement • Oct 09
Noble Helium Limited, Annual General Meeting, Nov 26, 2024 Noble Helium Limited, Annual General Meeting, Nov 26, 2024. Announcement • Apr 12
Noble Helium Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million. Noble Helium Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,888,888
Price\Range: AUD 0.09
Security Features: Attached Options Announcement • Jan 30
Noble Helium Limited has completed a Follow-on Equity Offering in the amount of AUD 14 million. Noble Helium Limited has completed a Follow-on Equity Offering in the amount of AUD 14 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 53,824,029
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 53,868,279
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jan 24
Executive Chairman recently sold AU$100k worth of stock On the 17th of January, Shaun Scott sold around 989k shares on-market at roughly AU$0.10 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Shaun's only on-market trade for the last 12 months. Announcement • Dec 13
Noble Helium Limited has filed a Follow-on Equity Offering in the amount of AUD 14 million. Noble Helium Limited has filed a Follow-on Equity Offering in the amount of AUD 14 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 53,824,029
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 53,868,279
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 10
Noble Helium Limited, Annual General Meeting, Nov 28, 2023 Noble Helium Limited, Annual General Meeting, Nov 28, 2023. Agenda: To consider the election of Directors; and to consider other issues. New Risk • Sep 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$17m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$17m free cash flow). Earnings have declined by 57% per year over the past 5 years. Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Revenue is less than US$1m (AU$51k revenue, or US$33k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$73.6m market cap, or US$47.5m). Announcement • Sep 21
Noble Helium Limited Appoints Greg Columbus as a Non-Executive Director Noble Helium Limited announced that Mr. Greg Columbus, has been appointed to the Company’s board as a Non-Executive Director, effective immediately. Mr. Columbus has over 30 years of experience in the energy, and oil & gas sectors around the world including technical, commercial, executive and non-executive roles. He is an experienced company Director with commercial, strategy, corporate finance and legal experience. Greg has gained valuable business experience in delivering large, complex energy, and oil & gas projects and has along the course of his career, demonstrated strong strategic vision as well as successfully leading numerous M&A activities. For the past 19 years, Mr. Columbus has served as Managing Director, Australasia for Clarke Energy Global Group, a privately owned multinational energy solutions company specialising in the engineering, installation and maintenance of power solutions and gas compression stations, operating in 28 countries. He was previously the Non–Executive Chairman of Warrego Energy until February this year, whereby he chaired the vision and the strategic sale of the business to Hancock Energy since the Reverse Take Over completed in March 2019. He is currently Non-Executive Chairman of Talon Energy, and a Non-Executive Director of Galilee Energy. New Risk • Aug 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 70% per year over the past 5 years. Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Revenue is less than US$1m (AU$10k revenue, or US$6.6k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$10m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$71.8m market cap, or US$46.0m). New Risk • Aug 13
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 70% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (AU$10k revenue, or US$6.6k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$10m). Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$68.7m market cap, or US$44.6m). New Risk • Aug 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 63% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 70% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (AU$10k revenue, or US$6.8k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$10m). Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$76.2m market cap, or US$50.5m). Announcement • Jun 21
Noble Helium Limited, Annual General Meeting, Jul 27, 2023 Noble Helium Limited, Annual General Meeting, Jul 27, 2023, at 11:00 E. Australia Standard Time. Location: Hall Chadwick, Level 4, 240 Queen Street, Brisbane QLD 4000 BRISBANE Australia New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue has declined by 57% over the past year. Revenue is less than US$1m (AU$10k revenue, or US$6.9k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$10m). Less than 3 years of financial data is available. Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (AU$57.5m market cap, or US$38.9m). Announcement • Feb 04
Noble Helium Limited Provides an Update on its Exploration Activities in Tanzania Noble Helium Limited provided an update on its exploration activities in Tanzania. The Company is advancing preparations to discover gas-phase helium in the subsurface of the Rukwa Basin, SW Tanzania, and narrowing in on drilling candidates for spud in Third Quarter 2023. The 3D seismic program that commenced in 2022 has recommenced following replacement of the source vessel. The remaining 80km2 of the program is being collected for processing and interpretation. The exploration program is on track for the commencement of drilling in Third Quarter 2023, with multiple suitable rig options identified. As announced previously, the Company is seeking partners for the drilling phase of the program in the North Rukwa Basin. Multiple parties have shown an interest in participating, with non-binding offers due by the end of March. The Company is pleased to advise that, on 30th January, company's seismic contractor, BGP, successfully recommenced the final approximately 80km2 3D seismic survey over the Chilichili structures on the eastern side of Lake Rukwa. This is the last of the planned Phase I seismic programs prior to drilling in Third Quarter 2023 and is expected to be completed by late February, retaining Chilichili on the list of potential drilling candidates. The Chilichili structure is currently estimated to host a mean Prospective Helium Resource of 10.5 Bcf primary helium (NSAI 2022), with the full stratigraphic section of the Rukwa Basin, including deeper Karoo sands, offering significant potential for stacked pay. It is highly likely the Chilichili structure would be an economically viable standalone drilling target with long- term liquid helium contracts recently executed at approximately USD 450/Mscf. As previously announced, the fully processed 3D surveys over the three western leads have now been received and are being integrated into company's Petrel subsurface model, with the Mbelele and Kachinga leads expected to mature to drillable Prospects and potential candidates for the upcoming 2023 drilling program (NSAI mean Prospective Helium Resource 10.0 Bcf and 7.9Bcf respectively). The Company is confident that it will be able to announce high quality drilling candidates of potential economic significance in the coming weeks. Preparations for the 2023 maiden drilling campaign are now well underway with company's highly experienced drilling management team fully integrated into the Company and focussed on successfully delivering the well program. The team have networked with other Tanzanian operators to source a suitable drilling rig, resulting in four viable rig options under consideration for NHE's 2023 program, with a rig selection imminent. In parallel, the farm-out process to fund the drilling program continues, with LAB Energy Advisors Ltd. appointed to manage the process. Multiple parties have been engaged and non-binding offers are due at the end of First Quarter 2023. As previously advised, with the Company now preparing to drill in the North Rukwa in Third Quarter 2023, the following activities are expected to be completed over the coming months: Definition of drilling candidates for the 2023 campaign; Finalisation of North Rukwa farm-out process; Execution of rig contract; Commencement of maiden drilling campaign in the North Rukwa Basin. Announcement • Dec 20
Noble Helium Limited Provides an Operational Update on Its Exploration Activities in Tanzania Noble Helium Limited provide an operational update on its exploration activities in Tanzania. The key focus of the Company in 2022 was to advance exploration activities at its flagship North Rukwa Project, with the aim of addressing every structural closure for its helium prospectivity to ensure selection of the two most promising drill candidates in 2023. During the year, the Company systematically completed a series of exploration programs designed to address each component of the helium system of the North Rukwa and understand the basin's potential for primary helium, particularly within its Basin Margin Fault Closures (BMFCs). The new data and study results, combined with the legacy oil and gas exploration data, have confirmed the extraordinary primary helium prospectivity of the North Rukwa area and its potential for a global-scale primary helium resource. Data from the Airborne Gravity Gradiometry, Soil Gas Survey, and 3D seismic, along with geotechnical studies undertaken in partnership with the University of Dar es Salaam, James Cook University and Oxford University are now being incorporated into the Company's PetrelTM based geological model to develop the two best drilling options for 2023. Noble Helium has commenced preparations for the upcoming drilling campaign, with a seasoned drilling manager and team now in place, targeting commencement of drilling in Third Quarter 2023. The Company is fully funded through these drilling preparations and a farmout process is underway, with multiple parties expressing interest. The Company will now carry out a detailed analysis of the North Nyasa SGS data. In combination with the legacy airborne gravity gradiometry and 2D seismic exploration dataset, the Company has a goal to develop a Prospective Resource Estimate in 2023, following the same process that achieved an independently certified unrisked summed mean HeliumProspective Resource of 176BCF at the Company's North Rukwa Helium Project. Announcement • Nov 28
Noble Helium Limited Provides an Update on North Nyasa Project Area in Tanzania Noble Helium Limited announced that the Soil Gas Survey ("SGS") program being carried out by the University of Dar es Salaam over the Company's 100% owned North Nyasa Project area in Tanzania has now been successfully completed, on time and budget. Analysis of the results are ongoing, but encouragingly, some samples within the Company's North Nyasa Prospecting Licences (PLs) demonstrate anomalous helium concentrations at up to 7.8 parts per million (ppm), or over 40% above background. This additional helium can only be explained as the result of micro-seepage from underground. Infill SGS programs were carried out over the areas of anomalous helium micro-seepage, providing greater detail on their extent. The Company will now carry out a detailed analysis of the North Nyasa SGS data. In combination with the legacy airborne gravity gradiometry and 2D seismic exploration dataset, the company expects to develop a Prospective Resource Estimate in 2023, following the same process that achieved an independently certified unrisked summed mean Helium Prospective Resource of 176BCF at the Company's North Rukwa Helium Project. Soil Gas Surveying involves sampling the soil on a regular grid, one metre below ground, for helium and other useful indicator gases such as argon, CO2, nitrogen and methane. The method is an indirect indicator of helium and other gases present and potentially trapped much deeper underground, particularly for results that are significantly higher than background readings, as seen at North Nyasa. The North Nyasa Project is located 230km southeast of Lake Rukwa in the Western Branch of the East African Rift System and is in the same rift segment as the Rukwa Rift. Announcement • Nov 04
Noble Helium Limited Recommences Remaining 3D Seismic Surveys in North Rukwa Noble Helium Limited advised that following November 1’s tragic events, the 3D seismic contractor, BGP have confirmed acquisition of the remaining 3D seismic surveys in North Rukwa will recommence later this week. Starting with the onshore component which has not been affected by the sunk vessel, the contractor is enacting contingency plans to ensure the offshore program component is completed. The Company also advised that it has now received Fast-Track volumes for all 3 of the western 3D surveys in North Rukwa Project in Tanzania. Each "Brute Stack" fast-track 3D volume for the Mbelele, Kachinga and Dagaa leads clearly supports structural closure, with Mbelele and Kachinga surveys demonstrating the Rukwa Basin's sedimentary layers climbing toward and forming a potential trap against the Basin Margin Fault. This trap type has a 100% success rate for oil and gas in the East African Rift basins and encouragingly each of its North Rukwa traps has an associated helium anomaly in the overlying soil gas survey data. Over the coming weeks, the full pre-stack time migration (PSTM) and pre-stack depth migration (PSDM) volumes are expected to provide full definition imaging in the subsurface. When combined with the recently acquired Airborne Gravity Gradiometry (AGG), these 3D seismic results fully support the presence and lateral extent of the structural closures within Noble Helium's lead portfolio. The Company is also advised a redesign of the eastern surveys following the encouraging results from the soil gas survey and AGG over the Chilichili leads. A new broad 3D survey will be acquired to complement the 2 narrow Chilichili swaths. In consequence, the Kalawi, Gege and Kambale surveys will be commuted to an anticipated second phase of seismic surveys, following the recent applications for 1,474km2 of additional licenses in the north Rukwa basin. The latter leads are the more logistically challenged in the portfolio and with multiple candidates already emerging from the 3D surveys, they are less likely to be considered for drilling in 2023. This value-adding design change has been made possible by surplus equipment brought to the Rukwa survey site by BGP. The net result is a 54% increase in the total 2022 3D seismic program coverage to 123km at no additional cost and provides previously unavailable but highly valuable technical data such as stratigraphic and geomechanical stress field information over a wide-area to assist in selecting and optimising the two best prospects for the upcoming drilling program. Announcement • Oct 19
Noble Helium Limited Announces Commencement of North Nyasa Soil Gas Survey Noble Helium Limited announced that a Soil Gas Survey has now commenced over the North Nyasa Project area in Tanzania. The SGS team has moved its operations to the North Nyasa Project area, to work in with its much shorter dry season. The survey is anticipated to be completed by November before a planned resumption and completion of the North Rukwa survey. The North Nyasa Project is located 230km southeast of Lake Rukwa in the Western Branch of the East African Rift System and is in the same rift segment as the Rukwa Rift. Soil Gas Surveying involves sampling the soil on a regular grid, one meter below ground, for helium and other useful indicator gases such as nitrogen and methane. The method is an indirect indicator of helium and other gases present and potentially trapped much deeper underground, particularly for results that are significantly higher than background readings, as seen at North Rukwa. The North Nyasa survey is expected to take approximately one month. Once completed, the Company will carry out a detailed analysis of the North Nyasa SGS data, which will be combined with the legacy exploration dataset of airborne gravity gradiometry and seismic to develop a maiden Prospective Resource Estimate in 2023. Announcement • Oct 12
Noble Helium Limited, Annual General Meeting, Nov 30, 2022 Noble Helium Limited, Annual General Meeting, Nov 30, 2022. Announcement • Oct 07
Noble Helium Limited Appoints Shaun Scott as Executive Chairman Noble Helium Limited announced that Non-Executive Chairman, Mr. Shaun Scott, has assumed the role of Executive Chairman, effective immediately. Shaun will be working part-time for the next 12 months as the Company looks to leverage his extensive experience as it enters the next phase of its exploration program. As an Executive, Shaun was CEO of Arrow Energy Ltd. and was instrumental in taking this business from a $20 million coal seam gas explorer to a significant gas and energy producer and leader in the development of Queensland's LNG industry until Arrow's $3.5 billion acquisition by Shell and Petro-China in 2010. Position: Executive Chairman. Commencement Date: 7 October 2022. End Date: 30 September 2023. Remuneration: $135,000 per annum (excluding any GST), plus superannuation Subject to shareholder approval at the upcoming AGM, Mr. Scott will be issued 3,000,000 listed options exercisable at $0.25 and expiring 3 May 2025. Announcement • Sep 29
Noble Helium Limited Commences its First 3D Seismic Survey in the North Rukwa Project Area in Tanzania, One Week Ahead of Schedule Noble Helium Limited commenced its first 3D seismic survey in the North Rukwa Project area in Tanzania, one week ahead of schedule. BGP International Tanzania ("BGP") has commenced acquisition of the Kachinga 3D seismic swath. The first ever shot of 3D seismic in the Rukwa Rift basin is shown for posterity. The local community is highly engaged and supportive, with more than 160 locals employed representing >85% of the workforce. The Company has programmed 8 (eight) high-resolution 3D seismic swaths to image the central portion of every lead in the Company's North Rukwa portfolio. This includes all 7 (seven) Basin Margin Fault Closures (BMFCs), whose presence, size and coincidence with soil gas helium anomalies was recently confirmed by Airborne Gravity Gradiometry. Acquisition of the 8 (eight) 3D swaths is expected to take 6-8 weeks, roughly one per week. As each swath is acquired, a field-processed "fast-track" 3D seismic volume will be produced. Whilst preliminary, each fast track volume will provide initial indications of the potential drill targets, with the first volume expected in early October. The fully processed 3D volumes from BGP's processing-centre are anticipated in early First Quarter 2023, for final interpretation, Quantitative Interpretation and integration with the Airborne Gravity Gradiometry to update the Company's Petrel based geological model. These 3D surveys represent a key component of Noble Helium's exploration program to select the two most prospective helium targets for drilling in 2023. The 3D seismic data is expected to provide maximum pre-drill confidence in discovery of helium, along with accurate well designs and precise locations for the two planned exploration wells. Announcement • Sep 23
Noble Helium Limited Applies for Seven Additional Prospecting Licences at North Rukwa Project Noble Helium Limited announced that it has applied for seven additional Prospecting Licences at its North Rukwa Project. The results from the 2022 exploration program in the North Rukwa basin have provided strong supporting evidence for the basin's helium prospectivity, in particular within its Basin Margin Fault Closures. The Company has been carrying out background work in partnership with the University of Dar es Salaam, which has highlighted the extension of the BMFC play along strike. As a result, the Company has now applied for a single 63km2 PL immediately south-west of its already held North Rukwa PLs, through its wholly owned subsidiary Rocket Tanzania Limited. The Company has also applied for six further PLs, through its wholly owned subsidiary Cephei Tanzania Limited, totalling 1,475km2 and covering the remaining prospective part of the Rukwa Basin, immediately to the northwest of NHE's North Rukwa PLs.Award of these seven new PLs would result in Noble holding 3,005km2 of the Rukwa Basin and in total, Noble Helium's 5,464km2 of helium exploration licences and applications in theEast African Rift System basins of Tanzania represents the largest single holding in this globally unique and highly prospective geological setting for helium. Noble Helium's existing North Rukwa PLs, covering 1,467km2, already host an independently certified unrisked summed mean Prospective Helium Resource of 176 Bcf, or equivalent to 30 years' supply. The additional PLs provide the Company with highly prospective acreage that will be systematically explored using the effective and efficient methodologies deployedby the Company, with a goal of increasing its Helium Resources. Announcement • Sep 19
Noble Helium Limited Appoints Graham Yerbury as Chief Financial Officer Noble Helium Limited announced that the Company has appointed Mr. Graham Yerbury as Chief Financial Officer (CFO) to assist on an as-needs basis. Graham brings over 40 years of experience to Noble Helium Limited from executive and senior finance roles with ASX-listed and multi-national resources and professional services companies. He has a proven track record as CFO, most recently with CleanCo Queensland Limited, and previously with Senex Energy, Cardno, Macarthur Coal and coal seam gas producer Arrow Energy. Graham offers extensive knowledge and skills in corporate finance, risk management, governance, external affairs, and business improvement. He spent eight years with BP in the United Kingdom and United States, in senior finance positions for the exploration and production business unit, and six years with ARCO pre-merger with BP. Graham is a Chartered Accountant and holds a Bachelor of Commerce from the University of Queensland, and Master of Business Management from the Queensland University of Technology. Announcement • Sep 15
Noble Helium Limited Announces Tanzanian Mining Commission Awarded Five More of Noble Helium's Nine Remaining Prospecting Licences in Tanzania Noble Helium Limited (Noble Helium, NHE or the Company) announced that the Tanzanian Mining Commission has now awarded five more of Noble Helium's nine remaining Prospecting Licences in Tanzania. Noble Helium's wholly owned subsidiary, Antares Tanzania Limited has been awarded five new PL's totalling 1,138km2 in the Eyasi Basin, in northern Tanzania. When combined with the Company's existing 1,933km2 portfolio, held by its wholly owned subsidiary Rocket Tanzania Limited in the North Rukwa and North Nyasa basins, the Company now has a landholding totaling 3,071km2 of premium helium acreage. The Eyasi Basin is located in the eastern arm of the East African Rift, with many similarities to the Company's highly prospective Rukwa Basin holdings. Helium has been measured in Eyasi basin hot springs at up to 5.7%, versus the widely held onshore US commercial cut-off of 0.3%. It is anticipated that the Eyasi project area will include Basin Margin Fault Closures, a play type that is displaying positive indications in the Company's North Rukwa PLs and has demonstrated a 100% oil and gas discovery rate in the East African Rift basins of Uganda and Kenya since first oil in 2006. The EARS basins of Tanzania represent a globally unique confluence of geological elements that are releasing helium from its ancient crust on a globally anomalous scale. Noble Helium has an independently certified unrisked summed mean Prospective Helium Resource of 176 Bcf, or 30 years' supply, within just one of its basins, the Rukwa Basin. Each of licenced or application basins demonstrate a helium presence, albeit with subtle variances in their respective Helium System characteristics that provide diversity to exploration portfolio for example differences in basement age, geothermal gradient and number of rift phases since initiation. Announcement • Sep 07
Noble Helium Limited Announces North Rukwa Farmout Process Commences Noble Helium Limited announce that it has officially commenced a farmout process to fund the planned 2023 drilling campaign at the 100%-owned North Rukwa Helium Project in Tanzania. The Company has received expressions of interest from several parties, with discussions currently underway. The Company does not expect to conclude discussions until the results from the upcoming Rukwa 3D seismic survey have been received. The North Rukwa Helium Project contains an independently certified unrisked summed Pmean Helium Prospective Resource of 176BCF (equivalent to 30 years' global supply). Exploration programs continue to advance, providing essential data to enable maturation and selection of the two key prospects that will be drill tested in the dry season of 2023. Announcement • Aug 22
Noble Helium Limited Announces AGG and Magnetics Program Has Been Successfully Completed, Providing Full Coverage of the North Rukwa Project Noble Helium Limited announced that the AGG and magnetics program has been successfully completed, providing full coverage of the North Rukwa Project. Additionally, the SGS is now completed on the western area at the Rukwa Project and 30% complete on the eastern area. The remaining area on the eastern side will be surveyed in September. The preliminary but high quality AGG field results correlate with the location and extent of each of the previously mapped North Rukwa BMFCs, which have a 100% success rate for oil and gas exploration in the East African Rift and collectively host 80% of Noble Helium's independently certified 176Bcf of mean unrisked Prospective Helium Resource in the North Rukwa Basin. They also have significant additional confidence around the potential of these structures from the strong correlation between each of the mapped BMFCs and the SGS helium anomalies identified to date. As previously announced, the anomalous helium micro-seepage measured during the SGS can only be coming from underground and helium anomalies co-located with BMFCs supports the presence of helium charged reservoirs within the BMFCs. Full processing of the AGG for final structural interpretation is expected to be completed mid-late September. The enhanced data quality from the AGG program will also enable the location of upcoming 3D seismic program swaths to be set with maximum precision and confidence. The 3D seismic survey is on track to commence acquisition in late September. The data from the SGS, AGG and soon to be acquired 3D seismic programs are progressively being added to Petrel based geological model and continue to increase confidence around the quality of the seven BMFC structures identified to date, all of which remain candidates for the 2023 drilling program. The Company has commenced discussions with drilling rig owners in the region and investigations into funding options for the 2023 drilling program, including farm-out and other financing options that may uniquely be available as a result of helium's status as a critical raw material. Announcement • Aug 11
Noble Helium Limited Announces That the Bridgeporth plc Agg and Magnetics Program Has Successfully Commenced, Which Will Provide Full Coverage of the North Rukwa Project Noble Helium Limited announced that the Bridgeporth Plc AGG and magnetics program has successfully commenced, which will provide full coverage of the North Rukwa Project. The AGG survey is a relatively low-cost, high-value exploration tool for mapping sub-surface structural configuration. AGG has proven to be extremely effective in the East African RiftBasins of Uganda and Kenya ahead of exploration drilling. Bridgeporth has a unique license to the latest Lockheed-Martin AGG instrument, which measures the Gravity Gradient with 5 times or more improvement in signal-to-noise over its predecessor Falcon instrument, depending on flying conditions. The enhanced data quality is expected to provide maximum confidence and precision in locating the 3D seismic surveys, currently in preparation for Third Quarter 2022. Announcement • Aug 02
Noble Helium Limited Announces an Operational Update on its North Rukwa Project in Tanzania Noble Helium Limited announced an operational update on its North Rukwa Project in Tanzania. The Company has been advancing exploration activities at its North Rukwa Project, with a key focus of addressing every structural closure for its helium prospectivity, to ensure the selection of the best two candidates for drilling in 2023. Soil Gas Surveying involves sampling the soil on a regular grid, one metre below ground, for helium and other useful indicator gases such as nitrogen and methane. The method is an indirect indicator of helium and other gasses trapped much deeper underground. On 23rd June a Soil Gas Survey commenced on the western side of the North Rukwa Basin. Initial results are highly encouraging, demonstrating widespread elevated helium concentrations at up to 7.3 parts per million (ppm), or 35% above background. As a noble gas, this anomalous helium can only be sourced from underground and a repeat survey of one of the anomalies replicated the results from 12 months ago, demonstrating the effectiveness and reliability of this technique. The Soil Gas Survey team has now moved its operations to the eastern side of the North Rukwa Basin and is anticipated to be completed in early August. Detailed analysis of the North Rukwa SGS is now in progress, with final results anticipated by mid-August. The presence of a SGS helium anomaly, combined with AGG and 3D seismic in Q3/Q4, will be used to high-grade drilling candidates in 2023. 
