Helix buys 50% stake in Weerianna Gold-Lithium Project

Helix Resources has acquired a 50% involvement successful the Weerianna Gold-Lithium Project successful Western Australia’s West Pilbara portion from Western Metals.

The involvement relates to granted mining lease M47/223.

The acquisition, valued astatine A$1,327,915, comprises A$1,002,429 successful shares and A$325,486 successful cash.

This strategical determination provides Helix with entree to some established golden reserves and lithium prospects.

The institution besides retains the enactment to unafraid the remaining 50% interest, taxable to just marketplace value, with completion taxable to modular conditions precedent.

The Weerianna task is strategically positioned wrong a Tier 1 mining area, astir 25km eastbound of Karratha and adjacent to indispensable infrastructure including the North West Coastal Highway.

It is besides located astir 35km from the Radio Hill processing facility, which offers imaginable for near-term development.

Helix’s acquisition places it adjacent the Andover Lithium Project, which is operated by Azure Minerals and involves a concern with Croydon Gold.

Azure Minerals is simply a afloat owned subsidiary of SH Mining.

The Andover tract was portion of a transaction involving Azure Minerals, valued astatine astir A$1.7bn.

The task country has documented the beingness of lithium pegmatites, with stone spot results showing concentrations of up to 1.49% lithium oxide.

Furthermore, the humanities golden assets for the Weerianna Gold Project is reported nether the Joint Ore Reserve Committee (JORC) standards to dwell of astir 975,700t astatine 2 grams per tonne (g/t) gold, translating to 62,700oz of golden supra a 1g/t golden cut-off.

Helix Resources plans to initiate exploration activities successful the coming months, which volition see reverse circulation and diamond drilling to research golden deposit extensions and imaginable caller mineral pathways.

The institution besides aims to behaviour lithium-focused fieldwork specified arsenic mapping and sampling pegmatites, alongside geochemical and geophysical surveys.

In March 2025, Helix Resources signed conditional binding agreements with Centric Minerals Management and White Hills Exploration (vendors) to get the White Hills Copper-Gold Project successful Arizona, US.

"Helix buys 50% involvement successful Weerianna Gold-Lithium Project" was primitively created and published by Mining Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.