Hellyer Metals Signals Major Turnaround With Underground Operations Restart, World-Class Exploration Results, And $25 Million Capital Raise
By Julius Ewudo, Cyber Era NG ASEAN Region Representative
Hellyer Metals Pty Ltd has announced a remarkable turnaround, bringing its underground mining operations back into production and positioning itself as one of Australia’s most compelling growth stories in the resources sector.
Sitting on one of the nation’s largest verified in-situ gold and silver reserves valued at over USD$3bil, Hellyer is primed for resurgence. The Company has also delivered exceptional new drilling results showing grades of over 35 per cent combined lead and zinc, placing Hellyer among the highest-grade polymetallic projects globally.
The turnaround comes after a period of restructuring and repositioning, with the Company now focused on growth, value creation, and shareholder returns.
To accelerate this momentum, Hellyer has launched a $25 million capital raise aimed at recommissioning its 11 km Hellyer Rail Spur Line, reconnecting the mine directly to export markets, funding an aggressive exploration and drilling program designed to expand on recent world-class results and fast-tracking mine development to drive near-term production growth and cash flow.
“Hellyer is one of the most exciting turnaround stories in Australian mining today,” said CEO of Hellyer Metals Graham Cox. “We are transforming from a legacy tailings operation into a modern, high-grade underground producer. With the right funding and partners, Hellyer has the potential to become a multi-decade, multi-commodity operation of global significance with a late 2026 IPO on the horizon.”
The capital raising comes at a time when investor demand for exposure to critical minerals and precious metals is intensifying. With existing infrastructure, proven resources, and new world-class drilling results, Hellyer represents a unique investment opportunity at the intersection of gold, silver, and strategic base metals.
