InvestSMART

Helix Resources Limited (ASX:HLX)

ALERT: Price-sensitive ASX Announcement for HLX
Current share price for HLX : $0.039 0.038 (3,800%)+
Announcement
Release
22 May 2026 8:17AM
Price at Release
$0.001
Full Release
download
Summary
Helix Resources Limited announced the acquisition of a 50% interest in the Weerianna Gold-Lithium Project in the West Pilbara region of Western Australia. This project, adjacent to the Andover Lithium Project, offers potential for both gold and lithium development. Helix paid $1,327,915 for their stake with the potential to acquire full ownership, based on the area's historical gold resource estimates and emerging lithium indicators. Future exploration plans include drilling and sampling to further evaluate the mineral potential.
Key Points
  • Helix Resources Limited acquired a 50% interest in the Weerianna Gold–Lithium Project.
  • Located in the West Pilbara region of Western Australia, the project holds both gold and lithium potential.
  • The Weerianna Project is located approximately 25 km east of Karratha and 5 km west of Roebourne.
  • The project is strategically positioned 4 km from the Andover Lithium Project.
  • Helix paid $1,327,915 for the 50% interest with the option to acquire the remaining 50%.
  • Historical estimates indicate gold mineralisation of 975,700 tonnes at 2 g/t Au.
  • The area is indicated to have potential for lithium mineralisation, with rock chip results up to 1.49% Li2O.
  • Helix plans to conduct further exploration including drilling and sampling for gold and lithium.
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.