Helix Resources acquires 30 Nullagine gold tenements
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- Helix Resources acquired a 100% interest in 30 exploration tenements from CuFe.
- Consideration comprises $50,000 input upfront cash and $200,000 in Helix shares.
- The agreement targets underexplored gold ground within Western Australia's Mosquito Creek Basin.
Helix Resources (ASX:HLX) entered into a binding agreement with CuFe (ASX:CUF) to acquire 30 exploration tenements.
The acquisition expands the company's ground position across the Mosquito Creek Basin in East Pilbara.
Commercial terms specify $50,000 cash, $200,000 in shares at $0.035, and a 1% net smelter royalty.
Following the announcement the Helix Resources share price was unchanged at $0.038.
Historical drilling across the acquired footprint remains concentrated along two specific structural corridors.
The regional mineral endowment contains an estimated 2.4–2.5 million ounces of combined historical production and resources.
