Helium One Global Ltd at 121 Mining Investment London Conference Transcript
Hi. I'm David Minchin, CEO of Helium One. I believe I'm the last presentation before lunch, so I'll try and keep it brief. Helium One has the largest undiscovered helium resource in the world. It's got potential to be a game changer in a high-tech, high-value commodity, which cannot be substituted in a number of high-value manufacturing situations.
We have a significant de-risked basin, which I'm delighted to say we are coming back to drill in Q3 this year with a razor-sharp focus on making a discovery and confirming the helium shows, which we identified last year, our economic accumulations.
A lot of people don't know much about helium other than the squeaky voice, balloons. What is it actually used for? Why are we even bothering? Why are we excited about this? Well, the answer is that helium is used in a variety of high-value, high-tech applications. It's [unsubstitutable] in a number of different industrial usage.
Its chief use at the moment, about 20% of it goes into medical, where it's used in MRI scanners and assisted
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