Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (March 2021)
30 slides from Helix Resources's investor presentation, Mar 29, 2021
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 29 March 2021 For personal use only Investor Presentation Helix Resources Limited (ASX:HLX) wishes to advise that Managing Director Mike Rosenstreich is undertaking a series of investor briefings this week. In the briefing, Mike will be discussing recent exploration results and plan
Slide 2: Metals for the times: Copper & Gold
Metals for the times Copper & Gold For personal use only Investor Briefing 29 March 2021 10-Yr Gold Price 5-Yr Copper Price Mike Rosenstreich Managing Director
Slide 3: Important Notices
IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement For personal use only The information in this report that relates to exploration results, Mineral Resource estimates and geological data for the Cobar projects is based on info
Slide 4: Investment Snapshot
INVESTMENT SNAPSHOT Well funded, strong assets and a market cap of just $14M EXISTING COPPER RESOURCES WITH MAJOR UPSIDE For personal use only 52kt of copper metal in existing high-grade copper resources1 with opportunities for major growth by extensional drilling Large scale prospective copper
Slide 5: Strategy
For personal use only STRATEGY The ‘right’ metals in the ‘right’ neighbourhood, to underpin a strong business case
Slide 6: Helix's Strategy: 'The Plan' that investors are backing
HELIX’S STRATEGY ‘The Plan’ that investors are backing For personal use only Objective: Build Helix shareholder value focusing on Cobar and Copper Strategy Pursue exploration prospects to grow Resources and with new discoveries target development of a copper (and gold) production hub for the Cobar r
Slide 7: Helix's Strategy – The Copper Market
HELIX’S STRATEGY – The Copper Market “Metals for the times” - strong fundamentals for copper (and gold) For personal use only Copper Supply & Demand Outlook Copper 10 Year Price Chart* Focussed on copper and gold Copper leveraged to renewable energy transition, EV & infrastructure spending Coppe
Slide 8: Helix's Strategy: Focussed on the Cobar region, NSW
HELIX’S STRATEGY ENDEAVOR LEAD/ZINC4 Focussed on the Cobar region, NSW C&M Sandfire (ASX:SFR) JV Major The regional ‘right’ mineralised neighbourhood - high For personal use only TRITTON COPPER trends: value exploration potential in a richly OPERATIONS1 25kt Cu pa copper endowed production hubs pr
Slide 9: Copper
For personal use only COPPER Build up existing copper resources and accelerate rate of discovery on a regional scale to underpin a copper business case.
Slide 10: Copper in Cobar
COPPER IN COBAR Established, well endowed copper province For personal use only Located in a region with +150 years copper production, ongoing new discoveries and numerous base metal and gold production hubs 1,500km2 prospective ground position held by Helix Cobar region - over 150 years of copp
Slide 11: Copper in Cobar: Three major mineralised copper trends
COPPER IN COBAR Three major mineralised copper trends: For personal use only 1. The Collerina Copper Trend: The Central Zone (CZ) Mineral Resource of 2Mt at 2% Cu1 8 high-priority targets based on strong soil and geophysical anomalies ‘On trend’ from Tritton, Kurrajong & Constellation-high gra
Slide 12: Copper in Cobar – Unlocking Regional Potential
COPPER IN COBAR – UNLOCKING REGIONAL POTENTIAL 24 High-priority copper targets identified on major regional trends For personal use only 3 Major regional scale copper trends: 1. Collerina Trend – 65 km 2. Rochford Trend – 30 km 3. Meryula Trend -25 km ~120 km of prospective copper trends VTEM has
Slide 13: 1. The Collerina Trend
1. THE COLLERINA TREND Hosts the CZ Copper Deposit For personal use only 8 High priority targets identified located in: Quanda Area – South ‘on trend’ to Kurrajong Deposit (3-4Mt at 1.5-2.0% Cu)1 and new high-grade Constellation copper discovery (Aeris ASX:AIS) assays eg 3.6m at 22.6% Cu & 5.85m a
Slide 14: 1. The Collerina Trend: High-grade sulphide deposit
1. THE COLLERINA TREND High-grade sulphide deposit For personal use only Helix Discovery – 2016 100% owned 2Mt at 2.0% Cu & 0.1 g/Au for 40.4kt contained copper. (JORC2012) 60% Indicated & 40% Inferred, by Cu tonnes)1 Oxide & transitional Cu mineralisation is 13% of Mineral Resource High
Slide 15: 1. The Collerina Trend: CZ Deposit is open in all directions
1. THE COLELRINA TREND CZ Deposit is open in all directions For personal use only • High-grade CZ shoot defined by north- west plunging fold axis • Geological modelling has identified possible parallel plunging shoots – referred to ‘Fold Hinge geological model’ • To be tested by diamond drilling aft
Slide 16: 1. The Collerina Trend: Analogies with Aeris' Constellation Discovery
1. THE COLELRINA TREND Clear geological analogies with Aeris’ (ASX:AIS) Constellation Discovery Collerina drill core – from 5 metres at 4.8% Cu Collerina drill core – from 11 metres 6.6% Cu For personal use only (CORCDD090 from 330 metres downhole) (CODD001 from 81 metres downhole) 17% Cu Constellat
Slide 17: 2. Rochford Trend
2. ROCHFORD TREND Newly extended, large scale copper trend For personal use only 10 High-priority targets identified located in: Boppy Broken Hill Area Canbelego Extensions North, South & West (refer inset) – Possible extensions and repeats of the Canbelego deposit Caballero Bijoux Prospect
Slide 18: 2. Rochford Trend: Canbelego extension opportunities
2. ROCHFORD TREND Canbelego - opportunities to extend deposit in all directions For personal use only Canbelego Canbelego Deposit estimate is 1.5 mt at 1.2% Cu (JORC 2004)1 100% Inferred classification Drilling in April Joint Venture with local Producer, Aeris Resources (ASX:AIS) on EL6105;
Slide 19: 3. Meryula Trend
3. MERYULA TREND Almost forgotten but exciting early stage targets For personal use only Meryula Trend - Six high priority targets identified: Strong EM anomalies highlight prospective stratigraphy and structural sites John’s Hill Area – Discrete EM anomaly near historical workings (western limb
Slide 20: Chile Copper Projects
For personal use only CHILE COPPER PROJECTS Chile exploration; seeking to commercialise 100% owned copper prospects.
Slide 21: Chile Copper Projects: Large scale porphyry and manto copper targets
CHILE COPPER PROJECTS Large scale porphyry and manto copper targets For personal use only 100% ownership of 3 highly prospective early-stage copper (and gold) projects in an accessible, low-elevation area in Chile Blanco Y Negro: a historical mine with an Indicated and Inferred Mineral Resource of
Slide 22: Investor Perspectives
For personal use only INVESTOR PERSPECTIVES
Slide 23: Corporate Snapshot
CORPORATE SNAPSHOT ASX CODE HLX SHARE PRICE GRAPH - 12 MONTHS TO 26 MARCH 2021 For personal use only Share price (at 26 March 2021 close) A$0.015 Post T1 of Placement 974 M Shares on issue Post T2 of Placement* 1,094M Unlisted options 36.5 M Market capitalisation – post T1 A$14.6M Number of Sharehol
Slide 24: Corporate Perspectives – 2021 Work Program
CORPORATE PERSPECTIVES – 2021 WORK PROGRAM New execution – focused on ‘discovery’ via an ongoing systematic exploration process For personal use only HLX ‘copper discovery process’ Target Identification Regional scale - geophysical surveys. EM data is a critical discovery tool Regional scale - g
Slide 25: Systematic pipeline of work and news flow
CORPORATE PERSPECTIVES – 2021 WORK PROGRAM Systematic pipeline of work and news flow Heli-VTEM Max survey ~ 2,337 line km over Rochford and Collerina Copper Trends For personal use only Q1 2021 Surface EM and DHEM surveys for drill targeting Reprioritise and rank with ‘new’ targets from EM sur
Slide 26: Investment Summary
CORPORATE PERSPECTIVES – INVESTMENT SUMMARY Compelling Australian copper exploration opportunity – why? For personal use only Because…. Well funded Copper resources – open ended growth potential 24 significant, new copper targets in a highly mineralised copper terrain New, focused management
Slide 27: Contact
For personal use only CONTACT MIKE ROSENSTREICH Managing Director Helix@helixresources.com.au 78 Churchill Avenue, Subiaco WA 6008 PO Box 825, West Perth WA 6872 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 28: Appendix A: Mineral Resource estimates
APPENDIX A Mineral Resource estimates Collerina Copper CZ (June 2019) (0.5% Cu cut-off) Cobar Gold (November 2019) (0.4g/t Au cut-off) For personal use only Classification Type Tonnes Copper Gold Contained Copper Contained Gold Deposit Classification Type Tonnes Gold Contained Gold Mt % g/t t Oz Mt
Slide 29: Appendix B – Regional Producers & Deposits
APPENDIX B – REGIONAL PRODUCERS & DEPOSITS References TRITTON COPPER OPERATIONS1 HERA GOLD/BASE METALS3 Produces 25kt Cu pa Produces 45koz Au pa For personal use only Ore Reserves 5.7Mt @ 1.5% Cu Ore Reserves 1.2Mt @ 1.4g/t Au, 3.0% Pb, 4.7% Zn, 38g/t Ag Mineral Resources 17.5Mt @ 1.5% Cu
Slide 30: Appendix C: Directors & Management
APPENDIX C Directors & Management For personal use only Peter Lester Mike Rosenstreich Tim Kennedy Jason Macdonald Mining Engineer Geologist Geologist Lawyer Non Executive Chairman Managing Director Non Executive Director Non-Executive Director Mr Lester has over 40 years Mr Rosenstreich contributes