Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | HELIX Resources Ltd (HLX.ASX) |
|---|---|
| Release Time | 30 Oct 2025, 2:59 p.m. |
| Price Sensitive | Yes |
Helix Resources Quarterly Activities and Cashflow Report
- Drilling to commence at White Hills Copper-Gold project in December 2025 quarter
- Assay results and updated resource estimate in progress for Gold Basin oxide-gold project
- Re-appraisal of strategic options for nickel, cobalt and scandium properties in NSW
Helix Resources has provided an update on its exploration activities and financial position for the quarter ended 30 September 2025. Key highlights include:- Drilling to commence at the White Hills Copper-Gold project in Arizona during the December 2025 quarter, targeting potential large-scale porphyry-style copper-gold mineralization. Historical exploration data indicates the presence of copper anomalism and Cretaceous intrusions.- Assay results and an updated resource estimate are in progress for the Gold Basin oxide-gold project in Arizona. Previous metallurgical testwork has demonstrated excellent recoveries from the oxide gold mineralization, supporting potential for a low-cost heap-leach development.- Helix will re-appraise its strategic options regarding its nickel, cobalt and scandium properties in New South Wales, with a focus on the Homeville Nickel-Cobalt deposit. NSW is known to have some of the highest concentrations of scandium globally.- In New South Wales, Helix will focus on exploration programs at the Muriel Tank gold project and Bijoux copper project, following a review of the broader Cobar project landholding.- The company successfully completed a $2 million rights issue and placement during the quarter, strengthening its cash position to $1.42 million as of 30 September 2025.
Helix Resources is focused on advancing its exploration activities at the White Hills Copper-Gold and Gold Basin projects in Arizona, as well as evaluating strategic options for its nickel, cobalt and scandium assets in New South Wales.