Helix Resources (HLX)

Shares / Stock Code

HLX

Stock Exchange / Sharemarket

Australian Securities Exchange

Helix Resources (HLX) is focused on acquiring and developing assets within the bulk commodities, base metals and precious metals sectors. The company was listed on the Australian Stock Exchange (ASX) in 1986.

The Helix strategy is:

  • Acquire large tenement holdings in the prospective exploration regions of Australia
  • Use of leading edge exploration methodologies and techniques under the guidance of a skilled Board and Management team
  • create shareholder wealth whilst managing risks

As of June 30, 2009, the Company’s projects included Yalleen Joint Venture (JV), Glenburgh, Tunkillia Jonit Venture, Gawler Craton Uranium Project, Booyeema Nickel Project, West Pilbara Project, Parachilna Project and Olary Project. Yalleen JV is 600 square kilometers tenement area located in the West Pilbara region, 50 kilometers south east of Pannawonica. The Glenburgh Gold Project is situated in the Southern Gascoyne Province approximately 250 kilometers east of Carnarvon. The project consists of a gold mineralized shear system hosted in remnants of Archaean terrane in a Proterozoic mobile belt. Helix holds approximately 800 square kilometers of greenfields tenements targeting precious and base metals in a corridor spanning from the Proterozoic Fortescue Group into the Hamersley basin to the South.

Helix’s most significant development asset is the Yalleen Iron Ore Project joint ventured with API Management Pty Ltd (50% Aquila Resources, 50% AMCI) situated in the Robe Valley in the West Pilbara region of Western Australia. The project has an inferred and indicated resource estimate of 84.3Mt channel iron ore with exploration upside. Helix is contributing 30% of funding and recognises the benefits of a partnership with a focused, well funded project manager and JV partner to advance this project.

Helix also has exposure to 0.8 Million oz of gold at the Tunkillia JV in South Australia and during 2009 the Company has accumulated significant landholdings in the Cobar/Girilambone region of NSW and the Eastern succession of the Mt Isa region in QLD. Both areas are prospective for gold and copper with operating mines and nearby infrastructure. Copper and gold targets in the Cobar/Girilambone region will be the Company’s main exploration focus in the first half of 2010.

Helix Resources (HLX) Products and Services

  • Mineral exploration

Helix Resources (HLX) Locations and Subsidiaries

Helix Resources Head Office
Suite 7, 29 Ord Street,
WEST PERTH, WA 6005
Phone: (08) 9321 2644
Fax: (08) 9321 3909

Helix Resources (HLX) Share Price

Submitted by ASX Listed Company on 17 April, 2010 - 00:38

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