Exploration data suggests that Tanzania’s Rukwa Basin could hold large reserves of helium, a natural resource whose price has risen considerably in recent decades.
Roaming across the Tanzanian plains on safari some six years ago, it dawned on two Australian geologists that Tanzania could hold world-class helium reserves.
Looking at local research done by a British geologist in the 1950s, an unusually high concentration of helium in the country’s naturally occurring gas seeps was a strong indication that large primary deposits lay under the ground.
Helium One is an independent specialist explorer focussed on delineating and developing globally significant helium assets in Tanzania, Solo Oil PLC (LON:SOLO) has a 10% interest in the company.