Helix Resources Limited (ASX: HLX) – $0.028

17 Jun 2015

Helix Resources Limited (ASX: HLX) has signed an Earn-In Agreement with Fondo De Inversion Privado EPG Exploracion Minera (EPG Mining Exploration Fund) over the Joshua Copper Gold Project in Chile (Figure 1).


HLX Joshua CuAu

Figure 1. Location of Joshua Copper Gold Project



The EPG Mining Exploration Fund is managed by EPG Partners S.A., a Chilean based private equity and advisory company.


Key terms of the Earn-In Agreement are:


  • Stage 1: EPG has the option to earn a 33.4% interest in the Joshua Project by undertaking a minimum of 3,500 metres of diamond drilling within 1 year for a minimum commitment of US$1.2 million.


  • Stage 2: Upon completion of Stage 1, EPG can then elect to increase its interest to 50.1% in the Joshua Project by completing up to 6,500 metres of reverse circulation and diamond drilling within 1.5 years for a minimum commitment of US$1.8 million.



For further information, visit www.helix.net.au



Resources Stocks to Watch (RSTW) is the leader in research on over 680 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.

Resources Sector Recent News Items

News Archives

News Categories