The Company holds (through its wholly owned subsidiaries registered in Tanzania) a 100% interest in a number of tenements in Tanzania which comprise four project areas, as follows:
(a) the North Rukwa Basin Project, which comprises twelve (12) granted prospecting licences covering a combined area of approximately 1,467km2 of the North Rukwa Basin located in south-west Tanzania;
(b) the North Nyasa Basin Project, which comprises two (2) granted prospecting licences covering a combined area of approximately 466km2;
(c) the Eyasi Basin Project which comprises five (5) applications for prospecting licences covering a combined area of approximately 1,138 km2 of the Eyasi Basin located in central northern Tanzania; and
(d) the Manyara Basin Project which comprises four (4) applications for prospecting licences covering a combined area of approximately 854km2 of the Manyara Basin located in central northern Tanzania.
It is anticipated that NHE will list on the ASX during April 2022.