Noble Helium expands Western Australia helium portfolio

• Noble Helium executes a binding agreement to acquire Earth Source Hydrogen.
• Following the announcement, the Noble Helium share price was unchanged at $0.028.
• The company aims to access extensive helium exploration potential in Western Australia.

Noble Helium (ASX:NHE) executed a binding agreement to acquire 100% of the issued share capital of Earth Source Hydrogen.

The transaction grants the business access to approximately forty thousand square kilometres of onshore exploration acreage across two special prospecting authorities in Western Australia.

"ESH is excited about the prospectivity it has worked up in each of its two Western Australia SPAs and looks forward to moving to apply for an exploration permit in each SPA area," said Noble Helium Executive Chairman Dennis Donald.

The acquired assets hold two large onshore exploration special prospecting authorities designated as SPA-47 AO and SPA-44 AO.

Following the announcement, the Noble Helium share price was unchanged at $0.028.

The company stated that the exploration framework in Western Australia follows a familiar petroleum model.