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.
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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.
Azure Minerals is a fully owned subsidiary of SH Mining.
The Andover site was part of a transaction involving Azure Minerals, valued at approximately A$1.7bn.
The project area has documented the presence of lithium pegmatites, with rock chip results showing concentrations of up to 1.49% lithium oxide.
Furthermore, the historical gold resource for the Weerianna Gold Project is reported under the Joint Ore Reserve Committee (JORC) standards to consist of 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 Resources plans to initiate exploration activities in the coming months, which will include reverse circulation and diamond drilling to explore gold deposit extensions and potential new mineral pathways.
The company also aims to conduct lithium-focused fieldwork such as mapping and sampling pegmatites, alongside geochemical and geophysical surveys.
In March 2025, Helix Resources signed conditional binding agreements with Centric Minerals Management and White Hills Exploration (vendors) to acquire the White Hills Copper-Gold Project in Arizona, US.
