Helix Resources Limited · ASX:HLX
Helix Resources — Corporate Update (August 2023)
28 slides from Helix Resources's corporate update, Aug 24, 2023
Slide 1: Shortening the Odds to Discovery
‘SHORTENING THE ODDS TO DISCOVERY’ Helix Webinar 24 August 2023
Slide 2: Copper is the essential critical metal and a supply deficit is looming
Copper is the essential critical metal and a supply deficit is looming COPPER DEFICIT “Decarbonisation and energy transition needs copper - regardless of power source or battery chemistry”
Slide 3: ASX:HLX in your portfolio - just one Copper Powerball
ASX:HLX in your portfolio …just one ‘Copper Powerball’ ‘Shortening the odds’ to discovery: • Drilling now • Focused on new discoveries • Generating exciting new targets The “Powerball • Focused solely on Cobar region Zone” • Funded ~$6M cash • Large strategic land position • ‘Cobar experts’ – locall
Slide 4: Cobar: a prolific copper region
ENDEAVOR HLX-new Northern EL COBAR 1.6Mt Zn, 1.0Mt Pb & 47Moz Ag CSA MINE HLX – Western Tenements A PROLIFIC 1.5Mt Cu, 27Moz Ag & 491kt Zn TRITTON +650kt Cu, 3Moz COPPER REGION PEAK MINE Ag & 250koz Au 2.7Moz Au, 6.6Moz Ag, 350kt Cu & Large strategic land position – 430kt Pb-Zn creates discovery opp
Slide 5: Cobar: production pathways with local processing options
ENDEAVOR HLX-new Northern EL COBAR 1.6Mt Zn, 1.0Mt Pb & 47Moz Ag CSA MINE HLX – Western Tenements A PROLIFIC 1.5Mt Cu, 27Moz Ag & 491kt Zn TRITTON +650kt Cu, 3Moz COPPER REGION PEAK MINE Ag & 250koz Au 2.7Moz Au, 6.6Moz Production pathways with Ag, 350kt Cu & local processing options 430kt Pb-Zn In
Slide 6: Copper in Cobar
COPPER IN COBAR Helix is focused solely on the New EL9581 (Collerina) Cobar region Copper resource & high-priority targets on major regional trends Tritton Copper Tenements Three major regional scale copper trends: Canbelego Deposit 1. 1 Rochford Trend – 30 km Canbelego Mineral Resource1 2. 2 Coller
Slide 7: Aggressive target generation and drill testing
COPPER IN COBAR Strategy is aggressive target generation and drill testing to build project profile ‘Copper Powerball’…is a numbers game! Test lots of targets – eliminate some and advance others 1Refer Appendix A for details on Mineral Resources 7
Slide 8: Locally based team - the Cobar experts
COPPER IN COBAR LOCALLY BASED TEAM Gordon Barnes (+35 yrs.) Mike Rosenstreich (+35 yrs.) – THE ‘COBAR EXPERTS’ Tapping into ~150 years of combined, mainly local, geological experience Juan Farias (4 yrs.) Vladimir David (+35 yrs.) John Heavey (16 yrs.) John Catterson (2 yrs.) Morgan Stewart (4 yrs.)
Slide 9: Discovery - recent highlights
COPPER IN COBAR 2c. New EL9581 July 2023 DISCOVERY - RECENT HIGHLIGHTS 1. High Grade Copper Projects Canbelego Mineral Resource1 NEW - 77% increase in contained copper Aeris’ Tritton Copper Tenements 2. New discoveries from regional-scale exploration: 1. Canbelego Deposit new MRE a. In the East (Col
Slide 10: Rochford Trend
1 ROCHFORD TREND Black Range HIGHLY PROSPECTIVE FOR Little Boppy ‘COBAR-STYLE’ DEPOSITS CANBELEGO 1 A M1 COPPER DEPOSIT1 Muriel Tank Cobar style high-grade copper deposits 1.83Mt at 1.74% Cu Exploration Model – ‘Cobar style’ deposits P2 B M4 ▪ Small ‘footprints’ but deep vertical extensions Western
Slide 11: Rochford Trend: Canbelego JV
1 ROCHFORD TREND CANBELEGO MAIN CANBELEGO JV(HLX 70% & AIS 30%) LODE (Plan outline of ‘Cobar style’ – high grade, steep Cu shoots Mineral Resource) New Canbelego Main Lode Mineral Resource Western Lodes (CBW1+2) • Core focus for HLX since mind 2021. Project was dormant since 2013. Aggressive FY24 Wo
Slide 12: Canbelego Main Lode Mineral Resource
Potential Open-cut 25m @ 1.9% Cu ROCHFORD TREND Mineral resource 1 Incl. 9m @ 3.3% Cu & 3m @ 4.6% Cu 0.3% Cu CoG CANBELEGO MAIN LODE Potential Underground Canbelego Main Lode Mineral Resource1: Mineral resource 0.8% Cu CoG • 1.83Mt at 1.74% Cu with 31.8Kt contained 8m @ 2.8% Cu Incl. 5m @ 2.4% Cu 16
Slide 13: New discoveries in the East? Electromagnetics
NEW DISCOVERIES IN THE EAST? 1. Canbelego Deposit ELECTROMAGNETICS (EM) – A PROVEN 2a. Ground Geophysics ‘DISCOVERY TOOL’ Quanda-Hermidale Airborne electromagnetics (VTEM) 2b. ▪ ‘Discovery tool’ in the region eg Constellation discovery by Aeris in Dec 2019 2a. 2017 VTEM Survey ▪ 2017 – HLX 20%2 VTEM
Slide 14: Drilling Fiveways Target
NEW DISCOVERIES IN THE EAST? 2b. Drilling Fiveways Target – now! Quanda-Hermidale Targets ▪ Distinct basement conductors prospective for new copper deposits – never drilled ▪ Follow-up ▪ Downhole EM & assays ▪ Further drilling? Current Diamond Hole Fiveways Target Open, accessible paddocks 1Refer AS
Slide 15: Drilling Quanda-Hermidale Targets
NEW DISCOVERIES IN THE EAST? 2b. Drilling Quanda-Hermidale Targets Quanda-Hermidale ▪ ~1,250m RC drilling Targets ▪ Basement conductors and coincident magnetic anomalies – never drilled ▪ Follow-up – assays and drilling Fiveways Target Open, accessible paddocks 1Refer ASX Report 14 June 2023 Series
Slide 16: New discoveries in the West? Regional work
NEW DISCOVERIES 2 IN THE WEST? Refer ASX Report -24 August 2023 REGIONAL WORK–NEW TARGETS Multi-element surface sampling program – key regional scale ‘discovery tool’ • Targeting copper, base metals & gold mineralisation • Utilising ‘pathfinder’ element associations - another 54 elements Auger & Lag
Slide 17: Regional surface geochemical work progress
In-fill Geochem Survey in NEW DISCOVERIES Progress 2 IN THE WEST? REGIONAL SURFACE Black Range GEOCHEMICAL WORK 2a. Rochford Trend - promising early results • Black Range – large scale & important elemental association • Bijoux Prospect – upgraded Canbelego Work ongoing and assays pending for: Restd
Slide 18: New target examples: Black Range and Bijoux
NEW DISCOVERIES 2 IN THE WEST? NEW TARGET - EXAMPLE 2a. Black Range Cu-Bi (In-Sn-W-Zn) Anomaly • Large scale - 6 x 1.7km anomalous zone • Extensive historical workings – 80m deep shaft & copper lode up to 21m wide recorded • Rock chip assays up to 2.6% Cu • No previous drill testing Bijoux Cu (Ag-Mo
Slide 19: New discoveries? Core focus - new copper deposits
2 NEW DISCOVERIES? CORE FOCUS – NEW COPPER DEPOSITS Regional scale exploration is gaining momentum: • Geophysics - new VTEM & FLEM data • Geochemistry - Auger samples & multi- element assays • Geology – geological eyes and thoughts • Drill testing has commenced Our focus – to define and test new cop
Slide 20: Sustainability
SUSTAINABILITY Current Focus: • Traditional Owner engagement and cultural GETTING SET-UP EARLY awareness • Employee development Helix has a strong ‘Sustainability Platform’ including sound ESG inputs • Community Engagement - retained a Community & Landowner Relations Manager to ensure Helix Focus ar
Slide 21: HLX Snapshot
BOARD & MANAGEMENT HLX KEY SHAREHOLDERS (10 Aug. 2023) SNAPSHOT Peter Lester (Mining Eng./BD) Yandal Investments Pty Ltd Non-Executive Chairman 2.2% Mike Rosenstreich CORPORATE (Geo./ Finance) Technical Ceramic Marketing Services Pty Ltd (ASX:HLX) Managing Director 2.2% Kylie Prendergast (Geo.) Mr.
Slide 22: Upcoming News Q1-2 FY24
Upcoming News Near-term planned news flow is focused around drilling of new targets: • Drilling – test new targets at Quanda-Hermidale & Fiveways AUGUST • Investor presentations; Sydney & Melbourne • Surface sampling update – new target generation • Drilling - testing new targets on Rochford Trend Q
Slide 23: Corporate Perspectives: Investment Summary
STRATEGIC LOCATION: PROLIFIC COBAR COPPER DISTRICT CORPORATE STRONG EXISTING COPPER PERSPECTIVES LONG-TERM COPPER DEMAND RESOURCE OUTLOOK With significant INVESTMENT SUMMARY growth potential HLX is poised for new discoveries; well-funded and drilling, offering investors leverage to copper FOCUSSED,
Slide 24: Contact
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 25: Appendix A: Mineral Resource Estimates
APPENDIX A MINERAL RESOURCE ESTIMATES Canbelego Main Lode (June 2023) CANBELEGO MRE REPORT MRE Category Tonnes Grade (Cu%) Cu-Metal (t) For full details of MRE please refer to ASX Report 14 June 2023 Total opencut MRE, ≥240mRL; 0.3 Cu% cut-off grade & underground MRE, <240mRL; 0.8 Cu% cut-off grade
Slide 26: Appendix B: Key Personnel
APPENDIX B 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 Ms. Hamblin is a Director of Meridian Corporate Consultants with extensive senior executive positions with
Slide 27: Appendix C: Regional Producers & Deposits
APPENDIX C REGIONAL PRODUCERS & DEPOSITS TRITTON COPPER OPERATIONS1 ENDEAVOR LEAD/ZINC4 • Refer Group Report on Mineral Resources & Ore Reserves 15 • Currently Care & Maintenance November • https://www.cbhresources.com.au/endeavor-mine/ • https://www.aerisresources.com.au/ MT BOPPY GOLD5 CSA MINE2 •
Slide 28: Important Notices
IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement of whether to buy, sell or hold a financial product. You should obtain professional advice and carry out The information in this report that relates to exploration results, and