Mosman made its first strategic move into helium in the USA in June 2024, with the acquisition of a 10% working interest in the Vecta Helium Project in Las Animas County, Colorado where there are five identified helium prospects in c. 48,000 leased acres.
The project is well placed with proven high helium content gas produced at the nearby Model Dome (7-11%). Other companies active in the area include Desert Eagle Operating producing helium at Red Rocks, and Blue Star Helium developing helium discoveries at Galactica/Pegasus.
The exploration strategy is to drill an exploration well on each of the five prospects in 2024. Following a successful exploration programme, the next step would be to drill helium production wells. The low cost of drilling enables managed exploration risk and costs.
