Rift Helium (AIM:RIFT), a primary helium exploration company targeting the Upepo Project in Tanzania's Rukwa Basin, has outlined its operational workstreams and catalyst schedule for the 12 months following its AIM admission in April.
The company says it remains fully funded from the £8.1 million raised at IPO and has moved directly into execution across permitting, seismic planning and early-stage drilling preparation.
Near-term milestones include completing the Environmental Impact Assessment with Tanzania's National Environment Management Council, awarding a seismic acquisition contract, and mobilising for 3D seismic data acquisition over the Upepo Project's priority area.
Once seismic data is acquired and processed, Rift expects to refine and rank drill targets, with a potential updated resource assessment also possible before the planned drilling campaign begins.
"Our objective is simple: to use the funding secured at IPO to progress a disciplined exploration programme in one of the world's proven primary helium basins," said CEO Charles FitzRoy, adding that new sources of primary helium are "increasingly important to global supply chains."
The H1 2027 drilling campaign is the primary value inflection point the company is building towards, with seismic acquisition representing the critical preceding step.
