Blue Star Helium Limited (AU:BNL) has released an update.
Blue Star Helium Limited is poised to drill its maiden development well at the promising Galactica/Pegasus helium project this quarter, with the potential to additionally monetize CO2 by-products. The project, which has shown high helium concentrations in prior exploration wells, benefits from the adjacent Red Rocks project’s commercial success, indicating significant de-risking. The company is exploring various commercialization options for the high-grade helium resource at the Voyager location, with the current development plan under reconsideration.
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