Helix Resources has acquired a 50% interest in the Weerianna Gold-Lithium Project in Western Australia’s West Pilbara region from Western Metals.
The interest relates to granted mining lease M47/223
The acquisition, valued at A$1,327,915, comprises A$1,002,429 in shares and A$325,486 in cash. This strategic move provides Helix with access to both established gold reserves and lithium prospects. The company also retains the option to secure the remaining 50% interest, subject to fair market value, with completion subject to standard conditions precedent.
The Weerianna project is strategically positioned within a Tier 1 mining area, approximately 25km east of Karratha and close to essential infrastructure including the North West Coastal Highway. It is also located around 35km from the Radio Hill processing facility, which offers potential for near-term development. Helix’s acquisition places it near the Andover Lithium Project, which is operated by Azure Minerals and involves a partnership with Croydon Gold.