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Blue Star has a defined near-term pathway to production with the high-grade Voyager discovery which hosts a 643 MMcf contingent helium resource.

First helium output from the maiden Voyager development is via an initial midstream solution comprising a gas processing agreement via a third party operated helium recovery unit.

The helium recovery unit is designed to deliver 98%+ gaseous helium. And the Company is exploring multiple potential paths to 99.999% liquid and gaseous helium.

This development pathway is capex-lite, expertise-rich, and projected to deliver high returns and maximum product market pricing and flexibility.

Blue Star is targeting helium production of 38 MMcf from the Voyager discovery in the first full capacity year.