Attracting investors has been the identification of lateritic cobalt-nickel targets within 85 kilometres of the group’s copper and gold tenements in New South Wales.
The recent share price spike drew the attention of the ASX, but management confirmed that there wasn’t undisclosed information that could have contributed to the positive rerating.
Proximity to CleanTeq and Australian Mines
Helix’s tenements are along the same regional trend to other companies that have had recent cobalt-nickel exploration success.
Copper, gold and cobalt is the new focus
The company’s core focus is to advance its copper and gold assets in central New South Wales.
However, the recent increase in market value for lateritic cobalt-nickel is likely to prompt exploration for such mineralisation.
The company is of the view that it can finance such exploration without encroaching on funding attributed to its base and precious metals assets.