Blue Star Helium (ASX:BNL) blows out at Voyager
January 3, 2024Blue Star Helium has announced a whopping 33% increase in the net unrisked contingent helium resource for Voyager (100% BNL) due to the acquisition of additional mineral leases in the west of the United States.
The net recoverable helium resource for Voyager has increased to 57 million standard cubic feet, which is a timely boost as the helium production facility by IACX is set to be commissioned during Q1 CY2024.
Blue Star Managing Director and CEO Trent Spry says the increase represents a significant boost to the contingent resources on the eve of the commercial development of its Voyager helium project.
“It is an exciting time for Blue Star as we await the results of production drilling ahead of the commissioning of our first helium production facility during Q1 CY2024 by IACX,” Mr Spry said.
“Blue Star is looking forward to becoming a new helium producer right in the middle of the largest helium market in the world, the US.”
Development well drilling will resume in January 2024, and they plan to convert the contingent resources into reserves and production.
The Helium Market
Helium is a valuable gas used in various industries such as cryogenics, aerospace, electronics, and medical devices. However, its availability is limited as it is primarily obtained as a byproduct of natural gas production. The balance of supply and demand, production and refining processes, and geopolitical influences also impact its market dynamics. Efforts to conserve and manage helium resources, as well as advancements in recycling and recovery technologies, could help alleviate some of the pressure on the supply side of the market.
About Blue Start Helium
Blue Star Helium Ltd (ASX:BNL | OTCQB: BSNLF) is an independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America.
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