Blue Star Helium Limited (BSNLF) Discusses Helium and CO2 Production Expansion and Future Development Plans Prepared Remarks Transcript

Unknown Executive

Today, I’ll run through our latest corporate presentation. You can find it online on our website. It’s also on our ASX announcements. It’s a new presentation. It’s got quite a significant appendix in it. So I urge you to look at that after this presentation. It’s got a lot more details in it. So let’s get started. I’ll just share the screen. Hopefully, everybody can see that. So Blue Star Helium, we are the latest and newest producer of helium in the U.S. So the theme of the presentation is to produce, sell and repeat. We have high-grade helium and CO2 from our Las Animas County assets. Helium production and sales from Galactica that started in July, new helium development at Pegasus already discovered, CO2 revenue stream in development and a large resource of upside in our exploration material.

The disclaimer that you can read when you have time and you want to look at the pack. The thesis, one plant is proof, the next 3 plants are the point. We’ve proven Galactica. We took this from a prospect right through to production. So, we’re now producing helium. We’re selling it under an offtake. We have an offtake in an amazing helium market globally. CO2 revenue is to follow, and we have a follow-up at Pegasus already discovered, awaiting appraisal and development drilling. The plan going forward at Galactica is 3 more wells in 2026 that will increase production and see a step towards full capacity of the plant. Another 6 wells in 2027, which should get us to full capacity. And you’ll see a little bit more CO2 infrastructure as we get ready to liquefy and sell that secondary product as well.