D3 Energy Expands Helium Potential with Strong Test Results and Strategic Permit Gains

Highlights 

• High-grade helium flow confirmed at ER315 in South Africa 
• Strategic footprint extended with three new perm
• Production Right submission set for June quarter 

D3 Energy Ltd (ASX:D3E) has reported significant progress at its flagship ER315 permit in South Africa’s Free State Province, reinforcing its position within a globally important helium region. The company recently announced promising production testing results and a notable expansion of its exploration footprint during the March 2025 quarter. 

Production testing at the Nooitgedacht Major borehole confirmed helium concentrations of 5.6% and methane at 83.2%, with average flow rates reaching 95 thousand standard cubic feet per day over a 14-day period. These findings not only affirm the potential of the ER315 permit but also expand its prospective resources to the northern area. Importantly, the confirmed shallower depth of mineralisation is expected to result in lower development costs. 

D3 Energy (D3E) ended the quarter with a strong cash balance of A$6.3 million as at 31 March 2025. Operational expenditure continues to track below the company’s IPO forecasts, largely due to lower drilling costs and strong testing outcomes. This progress is accelerating preparations for the company's Production Right application, now expected to be submitted in the June quarter. The approval timeline is estimated to span approximately 18 months. 

The company is preparing to advance its appraisal activities at ER315, with final permitting anticipated shortly. The upcoming phase will include the collection of telluric and seismic data and the drilling of several shallow-depth wells near known blower wells and fault zones. These targets are designed to maintain a low-risk, cost-efficient exploration strategy. 

In a move that further strengthens its regional presence, D3 Energy was recently awarded three new Technical Cooperation Permits (TCP258, TCP259, TCP260). These permits add 5,798 hectares of prospective land adjacent to ER315, enhancing the company’s access to additional low-cost exploration opportunities within the helium-rich Free State area. 

As the global focus on specialty gases intensifies, helium is emerging as a strategic resource. The progress made by D3 Energy (D3E) aligns with broader investor interest in growth-oriented sectors within the ASX200. Furthermore, with its disciplined capital management and efficient operations, D3 Energy continues to resonate with those monitoring potential ASX dividend stocks for future income streams. 

With the helium industry gaining traction and regional developments like liquid helium production commencing nearby, D3 Energy’s momentum at ER315 positions it well within a globally significant helium province.