Slide 1: Poised for New Discoveries; Focused on Cobar Region
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only POISED FOR NEW DISCOVERIES; FOCUSED ON COBAR REGION COPPER, NICKEL & COBALT Cobar – the Niyama first-nations word for copper, meaning 'red earth' or 'burnt earth’ Investor Road Show Summary March 2023
Slide 2: Important Notices
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary IMPORTANT NOTICES For personal use only This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement Forward Looking Statements The information in this report that relates to exploration results, Mi
Slide 3: HLX Snapshot
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only HLX SNAPSHOT ~A$8.6m cash > 2,000km2 of highly Copper resources1 (31 Dec 2022) prospective ground in 52kt attributable STRATEGIC VALUE Cobar region, NSW contained copper Focused, active copper discovery company Nickel-cob
Slide 4: Corporate Snapshot: Board, Shareholders and Capital Structure
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only HLX BOARD & MANAGEMENT KEY SHAREHOLDERS SHAREHOLDERS (estimate) Peter Lester (Mining Eng./BD) (28 Feb 2023) Non-Executive Chairman BPM Investments Limited SNAPSHOT Mike Rosenstreich 4.97% (Geo./ Banker) Yandal Investments
Slide 5: Cobar: A Prolific Copper Region
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only TRITTON 560kt Cu, 3Moz Ag & 250koz Au ENDEAVOR 1.6Mt Zn, 1.0Mt Pb & 47Moz Ag CSA MINE COBAR 1.5Mt Cu, 27Moz Ag & 491kt Zn A PROLIFIC COPPER REGION PEAK MINE 2.7Moz Au, 6.6Moz Ag, 350kt Cu & 430kt Pb-Zn HOMEVILLE NICKEL- F
Slide 6: Cobar: Production Pathways with Local Processing Options
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only TRITTON BASE METALS PLANT ENDEAVOR BASE NOTE: Cu GRADES METALS PLANT Reserve grade – 1.4% Cu (C&M) Resource grade – 1.5% Cu CSA BASE METALS PLANT NOTE: Cu GRADES COBAR Reserve grade – 3.8% Cu & 16 g/t Ag A PROLIFIC Resour
Slide 7: Copper Focus: Strong Demand Outlook
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only Increasing copper demand driven by renewable energy and EVs COPPER FOCUS STRONG DEMAND OUTLOOK Declining copper supply Copper is ‘electron agnostic’ fewer discoveries and new mines in the ‘pipeline’ It is essential for al
Slide 8: Copper in Cobar: Untested Regional Potential
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary Little Boppy Black Range Canbelego For personal use only 1 A M1 P1 A R13 Battery Tank P2 B M4 Hermidale Johns Hill COPPER IN COBAR Quanda Caballero Western Lodes UNTESTED REGIONAL P2 B M5 Bijoux POTENTIAL Rabbit Hill Greenblatt P2 B3 Honeybugl
Slide 9: Strategy: Aggressive Drilling of Advanced Projects
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only COPPER IN COBAR UNTESTED REGIONAL POTENTIAL Strategy – aggressive drilling of advanced projects and highly active regional target tests Regional exploration building up momentum 2 year hiatus due to weather related acce
Slide 10: Copper Resources and High-Priority Targets on Major Regional Trends
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only Canbelego COPPER IN COBAR 2021 VTEM Survey UNTESTED REGIONAL POTENTIAL 2017 VTEM Survey Copper resources & high-priority Homeville Ni-Co Deposit targets on major regional trends 3 MERYULA TREND Three Major regional scale
Slide 11: Rochford Trend: Highly Prospective for Cobar-Style Deposits
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only Black Range 1 ROCHFORD TREND Little Boppy HIGHLY PROSPECTIVE FOR 1 A M1 CANBELEGO Battery Tank ‘COBAR-STYLE’ DEPOSITS COPPER DEPOSIT 1.5Mt at 1.2% Cu The Rochford Trend P2 B M4 Western Lodes • Advanced Canbelego Project (
Slide 12: Greater Canbelego Area
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only 1 ROCHFORD TREND GREATER CANBELEGO AREA GREATER CANBELEGO AREA (HLX 70% & AERIS 30%) Focus of aggressive drilling by HLX since mid 2021 LONG-SECTION Canbelego Main Lode • 2010 – Inferred Resource 1.5Mt at 1.2% Cu1 Western
Slide 13: Canbelego Main Lode Long Section
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary 16m @ 0.9% Cu 16m @ 1.1% Cu 23m @ 0.8% Cu Incl. 3m @ 2.5% Cu & 6m @ 1.6% Cu 400m 25m @ 1.9% Cu For personal use only Incl. 9m @ 3.3% Cu & 3m @ 4.6% Cu 1 ROCHFORD TREND CANDD017 12m @ 1.5% Cu 10m @ 1.6% Cu CANBELEGO MAIN LODE 16m @ 0.9% Cu Incl
Slide 14: Hole 16C Intersects Copper at Canbelego Conductive Target
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only 1 ROCHFORD TREND CANBELEGO MAIN LODE Hole ‘16C’ intersects copper at Canbelego Conductive Target Position” 1 • 14m of copper mineralisation intersected from 594m downhole (CANDD016C)2 • Style and intensity of chalcopyrite
Slide 15: Resource Growth Potential
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary 16m @ 0.9% Cu 16m @ 1.1% Cu 23m @ 0.8% Cu Incl. 3m @ 2.5% Cu & 6m @ 1.6% Cu 400m 25m @ 1.9% Cu For personal use only Incl. 9m @ 3.3% Cu & 3m @ 4.6% Cu 1 ROCHFORD TREND CANDD017 12m @ 1.5% Cu 10m @ 1.6% Cu CANBELEGO MAIN LODE 16m @ 0.9% Cu Incl
Slide 16: Planned Activities CY2023
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only Black Range 1 ROCHFORD TREND Little Boppy PLANNED ACTIVITIES 1 A M1 CANBELEGO Battery Tank CY2023 COPPER DEPOSIT 1.5Mt at 1.2% Cu Canbelego Project (Advanced) P2 B M4 Western Lodes • Resource definition drilling – Feb-Apr
Slide 17: The Collerina Trend
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only COPPER IN COBAR UNTESTED REGIONAL POTENTIAL >80 km of mineralised trend – much untested 2 The Collerina Trend Homeville Ni-Co Deposit • Advanced CZ Project (100% HLX) 18mt at 0.9% Ni & 0.06% Co • Prospects • Regional Targ
Slide 18: Large, Strategic Ground Position
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only 2 COLLERINA TREND Tritton Process Plant (AIS) LARGE, STRATEGIC GROUND POSITION – 100% HLX South, ‘along-trend’ from Tritton deposits Advanced Copper Project: • CZ copper deposit – 2.0Mt at 2.0% Cu & 0.1 g/t Au1 Regional T
Slide 19: CZ Copper Deposit
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only 2 COLLERINA TREND CZ COPPER DEPOSIT1 CZ DEPOSIT • CZ Geological model currently being updated Schematic Long Section • Clear similarities to Tritton & Constellation Deposits Looking North • Latest discovery is Constellati
Slide 20: CZ Copper Deposit: High-Grade Sulphide and Oxide Mineralisation
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only 6m at 0.2% Cu 2 COLLERINA TREND CZ COPPER DEPOSIT1 32m at 0.6% Cu incl. 4m at 1.2% Cu Significant high-grade sulphide & ‘oxide’ (blue) 11m at 6.6% Cu copper mineralisation discovered: 14m at 4.0% Cu 3.2m at 3.1% Cu • +1,2
Slide 21: Collerina Trend: Huge Regional Potential
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only 2 COLLERINA TREND Tritton Process Plant (AIS) HUGE REGIONAL POTENTIAL Hermidale Exploration has resumed testing south, ‘along- Quanda trend’ from Tritton deposits Honeybugle Greenblatt Regional Targets: Widgelands • >80 ‘
Slide 22: Nickel-Cobalt Asset Commercialisation
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary Tritton Copper Deposits For personal use only 3 NICKEL-COBALT ASSET West Lynn (Ni Co) Project COMMERCIALISATION Nyngan Scandium Project NI-CO PROSPECT AREA Homeville Ni-Co Deposit 18mt at 0.9% Ni & 0.06% Co • Significant Ni-Co assets on HLX te
Slide 23: Many Prospects with High-Grade Drill Hits
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only 3 NNCP MANY PROSPECTS WITH HIGHGRADE DRILL HITS1 Greenblatt 10m at 0.8% Ni, 0.17% Co 7m at 0.7% Ni & 0.63% Co Excellent nickel & cobalt grades 4m at 0.6% Ni & 0.3% Co – focus is to find more tonnes! G-Series Magnetic Targ
Slide 24: Developing an Independent Business Plan
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only 3 NNCP Project Owner Location Ni (Eq) Tonnes Ni Grade Co Grade Contained Metal (Kt) DEVELOPING AN Grade (%) (Mt) (%) (%) Nickel Cobalt INDEPENDENT NSW Projects Homeville ASX:HLX NSW 1.01% 18 0.89% 0.06% 160 10 BUSINESS PL
Slide 25: Sustainability: Getting Set-Up Early
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary SUSTAINABILITY Highlights and Achievements: For personal use only • Baseline ESG Disclosure Report published - GETTING SET-UP EARLY reporting against the WEF Stakeholder Capitalism Metrics Helix has a strong ‘Sustainability Platform’ including
Slide 26: Expenditure and News
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary EXPENDITURE & NEWS For personal use only Planned expenditure1 of ~$7M to end of CY2023 Near-term news-flow: • Orange based Exploration Team of 5 FT and 3 PT Geologists Canbelego Main Lode + Field Technicians • Deep drilling; visual results - M
Slide 27: Investment Summary
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only STRATEGIC LOCATION: PROLIFIC COBAR COPPER DISTRICT EXISTING CORPORATE STRONG LONG-TERM COPPER DEMAND COPPER RESOURCES PERSPECTIVES OUTLOOK With significant growth potential INVESTMENT SUMMARY Highly active regional progra
Slide 28: Contact
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary For personal use only CONTACT MIKE ROSENSTREICH Managing Director helix@helixresources.com.au Level 13, 191 St Georges Terrace, Perth WA 6000 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 29: Appendix A: Mineral Resource Estimates
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary APPENDIX A For personal use only MINERAL RESOURCE ESTIMATES Collerina Copper CZ (June 2019) (0.5% Cu cut-off) COLLERINA ASX EXPLORATION REPORTS For full details of exploration results refer to Helix ASX releases Classification Type Tonnes Mt C
Slide 30: Appendix B: Key Personnel
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary APPENDIX B For personal use only KEY PERSONNEL Peter Lester Meagan Hamblin Non-Executive Chairman, Mining Engineer Chief Financial Officer Mr. Lester has over 40 years' experience in the mining industry and has held Meagan Hamblin is a Directo
Slide 31: Appendix C: Regional Producers and Deposits
Helix Resources Ltd (ASX: HLX) Investor & Broker Summary APPENDIX C For personal use only REGIONAL PRODUCERS & DEPOSITS TRITTON COPPER OPERATIONS1 ENDEAVOR LEAD/ZINC 4 • Refer Group Report on Mineral Resources & Ore Reserves 15 • Currently Care & Maintenance November • https://www.cbhresources.com.a