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Helix Resources Limited (ASX:HLX)

ALERT: Price-sensitive ASX Announcement for HLX
Current share price for HLX : $0.041 0.04 (4,000%)+
Announcement
Release
18 May 2026 12:09PM
Price at Release
$0.001
Full Release
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Summary
Helix Resources Limited announced the completion of a share placement, issuing 534,629,052 new ordinary shares at $0.00125 each, raising $668,286. This was managed by CPS Capital Group Pty Ltd and utilized the company's existing placement capacity. Helix Resources is focused on copper and gold exploration in Arizona, USA, and Cobar, NSW, with notable projects including the White Hills Copper-Gold Project in Arizona, in partnership with Newmont, and the Helix-Legacy earn-in near Cobar. The company has identified significant exploration opportunities across its tenements, including historical gold fields and prospective zones for Tritton-style deposits.
Key Points
  • Helix Resources completed a placement of 534,629,052 new shares.
  • The placement price was $0.00125 per share, raising a total of $668,286.
  • CPS Capital Group Pty Ltd managed the placement.
  • The placement utilized Helix Resources' existing capacity under ASX Listing Rule 7.1A.
  • Helix Resources is involved in copper and gold exploration in Arizona, USA, and Cobar, NSW.
  • The company is exploring the White Hills Copper-Gold Project in Arizona through a joint venture with Newmont.
  • Helix operates the Helix-Legacy earn-in near Cobar, which is prospective for Cobar-style deposits.
  • The company is evaluating a historical gold field on the Muriel Tank tenement.
  • Over 100km of prospective strike has been defined in the Eastern Tenements for Tritton-style deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.