Acquires Interest in Weerianna Gold Lithium Project
| Stock | HELIX Resources Ltd (HLX.ASX) |
|---|---|
| Release Time | 22 May 2026, 8:17 a.m. |
| Price Sensitive | Yes |
Helix Acquires 50% Interest in Weerianna Gold-Lithium Project
- Acquired 50% interest in Weerianna Gold-Lithium Project in West Pilbara, WA
- Right to acquire remaining 50% interest provides pathway to full ownership
- Located near Andover Lithium Project held by Azure Minerals
- Historical gold estimate: 975,700 tonnes at 2 g/t Au
- Historical lithium pegmatites and rock chip results up to ~1.49% Li2O
Helix Resources Limited has acquired a 50% interest in the Weerianna Gold-Lithium Project located in the West Pilbara region of Western Australia. The acquisition provides Helix with exposure to both advanced gold resources and emerging lithium potential. The Weerianna Project is strategically located approximately 25km east of Karratha and 5km west of Roebourne, adjacent to major infrastructure including the North West Coastal Highway. The project is also situated near the Andover Lithium Project, a significant lithium discovery held by Azure Minerals. The acquisition was made for total consideration of $1,327,915, comprising $1,002,429 in shares and $325,486 in cash. Helix retains a first right to acquire the remaining 50% interest subject to Fair Market Value. The Weerianna Project has a historical estimate of 975,700 tonnes at 2 g/t Au and documented lithium pegmatites with rock chip results up to ~1.49% Li2O.