Secures 100% Interest in 30-Tenement Package Nullagine Gold

Key points

• Acquired 100% interest in 30 tenements from CuFe Ltd.
• Tenements adjacent to AIM Mining's Nullagine Gold Project.
• Consolidates position in Mosquito Creek Basin with high exploration potential.

Full summary

Helix Resources Limited has acquired a 100% interest in a package of 30 exploration and prospecting tenements (P46/2158-2190) in the Mosquito Creek Basin, East Pilbara from CuFe Ltd. The acquisition consolidates a substantial ground position in the Mosquito Creek Basin/Nullagine District, immediately adjacent to AIM Mining's Nullagine Gold Project, which hosts the 1.8 Mtpa Golden Eagle processing plant and associated infrastructure. The transaction positions Helix within a Mosquito Creek Basin/Nullagine District endowment of approximately 2.4-2.5 Moz, comparable in scale to the Mallina Basin's pre-discovery endowment before the multi-million ounce Hemi deposit was defined in 2019. The acquisition also secures exposure to a consolidated but materially underexplored gold basin, where roughly 97% of historical drilling has been concentrated on just the Middle Creek and Blue Spec structural corridors.