"PF pointed out in his post earlier today that the in-ground value of our reserves could be as high as AUD$ 1 8 0 B." Per above.
"HELIUM PRODUCTION IN AUSTRALIA IS SET TO END. Could another source fill the gap?- ABC Rural, 30 Apr 2023. https://www.abc.net.au/news/rural/2023-05-01/helium-supply-central-australia-petroleum/102261580
"Australia's only local production of helium is set to end in the coming months but could a resource in the Northern Territory fill the void? Australia is about to be left with NO locally produced helium. Global shortage. Amadeus Basin is fortunate because its has extensive areas of salt layers underground - salt is 1 of the few very good seals that traps helium, so helium does not go thru the sale and accumulates.
Early resource estimate, Central Petroleum says the Amadeus Basin, Central Australia could potentially hold 4 4 bn cu feet of helium. It is well known that there is gas that has helium in it in the Amadeus Basin , so there is helium there. If commercialised gas would likely to be transported to Darwin..."
GRV Price at posting:
9.0¢ Sentiment: None Disclosure: Held
