Helix Assets has acquired a 50% curiosity within the Weerianna Gold-Lithium Venture in Western Australia’s West Pilbara area from Western Metals.
The curiosity pertains to granted mining lease M47/223.
The acquisition, valued at A$1,327,915, includes A$1,002,429 in shares and A$325,486 in money.
This strategic transfer supplies Helix with entry to each established gold reserves and lithium prospects.
The corporate additionally retains the choice to safe the remaining 50% curiosity, topic to honest market worth, with completion topic to straightforward situations precedent.
The Weerianna mission is strategically positioned inside a Tier 1 mining space, roughly 25km east of Karratha and near important infrastructure together with the North West Coastal Freeway.
It’s also positioned round 35km from the Radio Hill processing facility, which provides potential for near-term growth.
Helix’s acquisition locations it close to the Andover Lithium Venture, which is operated by Azure Minerals and includes a partnership with Croydon Gold.
Azure Minerals is a totally owned subsidiary of SH Mining.
The Andover web site was a part of a transaction involving Azure Minerals, valued at roughly A$1.7bn.
The mission space has documented the presence of lithium pegmatites, with rock chip outcomes exhibiting concentrations of as much as 1.49% lithium oxide.
Moreover, the historic gold useful resource for the Weerianna Gold Venture is reported underneath the Joint Ore Reserve Committee (JORC) requirements to encompass roughly 975,700t at two grams per tonne (g/t) gold, translating to 62,700oz of gold above a 1g/t gold cut-off.
Helix Assets plans to provoke exploration actions within the coming months, which is able to embody reverse circulation and diamond drilling to discover gold deposit extensions and potential new mineral pathways.
The corporate additionally goals to conduct lithium-focused fieldwork equivalent to mapping and sampling pegmatites, alongside geochemical and geophysical surveys.
In March 2025, Helix Assets signed conditional binding agreements with Centric Minerals Administration and White Hills Exploration (distributors) to accumulate the White Hills Copper-Gold Venture in Arizona, US.
“Helix buys 50% stake in Weerianna Gold-Lithium Venture” was initially created and revealed by Mining Technologya GlobalData owned model.
The knowledge on this web site has been included in good religion for common informational functions solely. It’s not supposed to quantity to recommendation on which it’s best to rely, and we give no illustration, guarantee or assure, whether or not specific or implied as to its accuracy or completeness. You have to get hold of skilled or specialist recommendation earlier than taking, or refraining from, any motion on the premise of the content material on our web site.
