Helix Resources Limited has entered into a binding agreement to acquire a 100% interest in a 30-tenement exploration and prospecting package at the Nullagine Gold Project in the Mosquito Creek Basin, East Pilbara, from CuFe Ltd.

The transaction gives Helix full ownership of the P46 series tenements, consolidating a substantial ground position in the East Pilbara region. Under the terms of the binding agreement, consideration payable at settlement comprises 50,000 Australian dollars in cash and 200,000 Australian dollars payable in Helix shares issued at 0.035 Australian dollars per share. The share issuance remains subject to shareholder approval. In addition, CuFe will be entitled to a 1 percent net smelter royalty on all minerals extracted from the tenements.

Helix is currently progressing toward settlement of the agreement while preparing to seek the required shareholder approval for the equity portion of the purchase consideration.

The acquired ground sits immediately adjacent to AIM Mining's Nullagine Gold Project, which hosts the 1.8 million tonnes per annum Golden Eagle processing plant and associated infrastructure, near the high-grade Blue Spec gold deposit. The Mosquito Creek Basin package places Helix within a regional gold endowment estimated at approximately 2.4 to 2.5 million ounces, spanning both past production and current resources. The basin represents an underexplored turbidite-hosted gold province where approximately 97 percent of historical drilling has been concentrated solely on the Middle Creek and Blue Spec structural corridors, leaving parallel structures sparsely tested.

This regional expansion complements Helix's wider portfolio, adding to the company's existing assets that include a 50 percent interest in the Weerianna Gold-Lithium Project in the West Pilbara region of Western Australia, alongside copper and gold exploration interests in Arizona and New South Wales.

Read the full announcement: Secures 100% Interest in 30-Tenement Package Nullagine Gold