• Helix announces an updated Mineral Resource Estimate (MRE) for the Gold Basin project.
• Updated Inferred Mineral Resource of 15.37 million tonnes at 0.57 g/t Au for 280,000 ounces of gold.
• Mineralisation supports potential low strip ratio open pit development.
• Strong heap leach recoveries with gold extractions up to 86%.
• Helix is earning up to a 40% interest in the Gold Basin project.

Helix Resources Ltd has announced an updated Mineral Resource Estimate (MRE) for the Gold Basin project in Arizona, incorporating results from 239 additional drill holes. The updated MRE estimates an Inferred Mineral Resource of 15.37 million tonnes at 0.57 g/t gold for 280,000 ounces of gold, reported in accordance with the JORC Code (2012). The mineralisation occurs from surface in broad zones, supporting potential low strip ratio open pit development scenarios. Metallurgical testwork at Cyclopic returned strong heap leach recoveries with gold extractions up to approximately 80-86% and low preg robbing/reagent consumption. The updated MRE, classified as Inferred, reflects significantly improved geological confidence and tighter mineralisation modelling and will underpin ongoing exploration, resource growth drilling and scoping level mining and processing studies at Gold Basin. Helix is earning up to a 40% interest in the Gold Basin oxide gold project in Arizona via a farm-in joint venture with Gold Basin Resources.

Updated Inferred Mineral Resource of 15.37 Mt at 0.57 g/t Au for 280,000 ounces of gold.

The updated Mineral Resource Estimate will support ongoing exploration, resource growth drilling, and scoping level mining and processing studies at Gold Basin.