Helium Prospective land
Avanti has successfully acquired ~63,000 acres of prospective helium permits within SW Saskatchewan. Leader reside in an area with confirmed helium discoveries and have excellent potential for additional economic helium accumulations associated with basement structures. The asset also has multiple helium target intervals in Devonian and Cambrian.
Leader area, located in SW Saskatchewan, contains 3 helium exploration permits for a total of ~63,000 acres. The permits were identified and acquired, based on the Company’s detailed geological models and technical assessment. SW Saskatchewan is the hub of western Canadian helium activity. Avanti’s permits are proximal to the Wilhelm pool that produced 0.25 BCF Helium and are surrounded by recent Helium competitor activity. The targeted zones are the Devonian Souris River and Cambrian Deadwood SS with known helium concentrations up 1.4% and nitrogen up to ~98%
The asset has multiple helium target intervals in the Devonian and Cambrian formations. Knappen resides in an area with confirmed reservoir rock and multiple DST’s with analyzed gas, and the potential for viable helium reservoirs over a larger basement structure.
Avanti is planning to acquire seismic data on numerous geological prospects within our existing permits, with the goal of confirming basement structures and firming up drilling locations. We will also continue to expand the existing land position, applying for additional permits on internally identified geological leads.
Saskatchewan is a favourable jurisdiction for helium prospecting. On Nov. 15th, 2021, the government of Saskatchewan released its Helium Action Plan, which provides policy and program commitments to support and grow the entire helium value chain. It is focused on exploration, production, innovation, processing and export infrastructure. The provincial government has also expanded the Saskatchewan Petroleum Innovation Incentive (SPII) to include helium projects (Nov 15, 2021, Gov’t. Of Saskatchewan news release)
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