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The latest update is out from Helix Resources Limited ( (AU:HLX) ).
Helix Resources has acquired a 50% interest in the Weerianna Gold–Lithium Project in Western Australia’s West Pilbara from Western Metals Pty Ltd, gaining exposure to both advanced gold mineralisation and emerging lithium potential. The deal, worth about $1.33 million in a mix of shares at a 25% premium and cash, includes a first right to acquire the remaining 50%, opening a pathway to full ownership.
Weerianna sits near major infrastructure and roughly 4km from the high-profile Andover lithium discovery, positioning Helix in a rapidly developing lithium province. The project also hosts a historically reported inferred gold resource, which, while not yet JORC-compliant for Helix, could offer future development upside, especially given its proximity to the Radio Hill processing plant and established regional mining operations.
More about Helix Resources Limited
Helix Resources Limited is an Australian exploration and development company focused on mineral projects, with a growing emphasis on gold and lithium opportunities. The company targets assets in highly prospective regions, aiming to build a diversified portfolio aligned with the expanding battery metals and precious metals markets.
Current Market Cap: A$5.35M
See more data about HLX stock on TipRanks’ Stock Analysis page.