Helix Resources Limited (ASX:HLX)

ALERT: Price-sensitive ASX Announcement for HLX

Current share price for HLX : $0.030 -0.002 (-6.25%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

31 Jul 2026 2:51PM

Price at Release

$0.032

Full Release

Summary

Helix Resources Limited's Quarterly Activities and Cashflow Report for the period ending 30 June 2026 highlights significant exploration and financial activities. The company acquired a 50% interest in the Weerianna Gold-Lithium Project in Western Australia, emphasizing its potential for lithium exploration and historical gold resources. In Arizona, an updated inferred mineral resource estimate was completed for the Gold Basin oxide-gold project. Helix raised $668,286 through a placement of new shares and completed a capital consolidation to stabilize market trading. The cash flow statement indicates a net increase in cash and cash equivalents despite operating and investing cash outflows. Helix confirms no disputes or litigation, although a petition application concerning a joint venture was noted.

Key Points

Acquisition of 50% interest in Weerianna Gold-Lithium Project.
Updated inferred mineral resource estimate for Gold Basin project.
Raised $668,286 through a new share placement.
Capital consolidation on a 35-for-1 basis completed.
Net increase in cash and cash equivalents despite cash outflows.
No disputes or litigation recorded against Helix.

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.