D3 Energy Limited is an Australia-based natural gas and helium company. The Company is focused on the exploration, development and production activities at its mining tenements predominately situated in the Free State Province, onshore South Africa. Its principal asset is its 100% owned Exploration Right 315 (ER315), located in Free State Province, covering approximately 811 square kilometers (km2). It also holds multiple permits in South Africa, including ER386, TCP 273, ER391, ER392 and ER393, bringing its total landholding in the region to just under approximately 2000 km2. It holds permits such as PEL 121 and PEL 122 in the Arckaringa Basin, South Australia, covering approximately 5,865 km2. The Arckaringa Basin is an emerging exploration region for helium and hydrogen, with geological characteristics considered prospective for the accumulation of critical gases. Its Permits are situated southwest of Johannesburg in the eastern northwestern part of the Greater Karoo Basin.