Hotspur Helium has been awarded the Central Luangwa Exploration Licence, marking an expansion of its footprint within Zambia, one of the Company’s priority jurisdictions for primary helium exploration and development.

The licence area covers approximately 650 km² across Muchinga and Eastern Provinces and is located within the Luangwa Valley, a regionally significant rift system in eastern Zambia. Centred on a prominent basement high, it encompasses a highly prospective structural setting with direct evidence of an active helium system.

Matt Sharp, Co-Founder and Chief Technical Officer:

“The acquisition of the Central Luangwa Exploration Licence represents a logical and highly attractive expansion of our Zambian portfolio. The licence area hosts numerous surface gas manifestations containing significant helium concentrations, supported by legacy geophysical data that provide a strong foundation for accelerated technical evaluation and progression towards production.”

Alongside its Nsama Licence, awarded in April 2025, the Central Luangwa Licence further consolidates Hotspur Helium’s leading position in Zambia and strengthens its portfolio across multiple, geologically distinct, helium systems.

Hotspur Helium will build on the existing dataset through focused surface exploration to refine subsurface understanding and confirm priority drilling targets, as part of its wider strategy to develop globally significant primary helium resources disassociated with hydrocarbons.