Helix Resources Raises $1.98 Million to Advance Copper-Gold Projects

Helix Resources Limited ( (AU:HLX) ) has issued an announcement.

Helix Resources Ltd successfully completed a rights issue and announced a private placement, raising a total of approximately $1.98 million. The funds will be used for drilling and resource estimation programs at the White Hills copper-gold project and the Gold Basin mineral resource, as well as for general working capital. The oversubscription of the rights issue and the subsequent private placement reflect strong investor confidence and support, positioning Helix well for its ongoing exploration and development activities.

More about Helix Resources Limited

Helix Resources Ltd is an ASX-listed company engaged in exploring copper and gold resources in Arizona, USA, and the Cobar region of New South Wales, Australia. The company holds significant ground positions near major copper and gold operations, including the White Hills Copper-Gold Project in Arizona and the Gold Basin project in the Walker Lane gold trend. In Australia, Helix operates several projects, including the Helix-Legacy earn-in and the Canbelego JV Project, targeting Cobar-style copper-gold base metal deposits.

Current Market Cap: A$10.09M

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