Helix Resources Limited · ASX:HLX
Helix Resources — Gold Coast Investment Showcase 2021
23 slides from Helix Resources's conference presentation, Jun 23, 2021
Slide 1: Gold Coast Investment Showcase Presentation
ASX Announcement 23 June 2021 For personal use only Gold Coast Investment Showcase Presentation Helix Resources (ASX: HLX) is pleased to advise that the Company’s Managing Director, Mike Rosenstreich will be speaking to the attached presentation, “High Grade Cobar Copper” today at the Gold Coast Inv
Slide 2: High Grade Cobar Copper
For personal use only HIGH GRADE COBAR COPPER
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 - planned drilling to the end of 2021 RECENT EXPLORATION SUCCESS AT CANBELEGO For personal use only COPPER PROJECT 14 metres at 4.2% copper Potential resources extensions – Canbelego & CZ Deposits New downhole geophysical targets – indicative of h
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT ASX CODE HLX SHARE PRICE GRAPH - 12 MONTHS TO 18 JUNE 2021 For personal use only Share price (at 18 June 2021 close) $0.036 52 week high / low $0.051/$0.008 Shares on issue 1,255M Options on issue (unlisted) 32.5M Market Cap. (at $0.036) $45M Approx. EV $39M Cobar, NSW MAJOR SHARE
Slide 6: Strategy
For personal use only STRATEGY The ‘right’ metals – copper & gold, in the ‘right’ neighbourhood, to underpin a strong business case
Slide 7: 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 Cobar region - over 150 years of copper mining 6
Slide 8: Helix's Strategy
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 production endowed hubs province
Slide 9: Copper in Cobar – Unlocking Regional Potential
COPPER IN COBAR – UNLOCKING REGIONAL POTENTIAL 24 High-priority copper targets identified on major regional trends In March 2021, regional EM coverage For personal use only increased from ~25km to ~120km of prospective copper trends. “EM finds copper in Cobar” 3 Major regional scale copper trends: 1
Slide 10: 1. The Collerina Trend
1. THE COLLERINA TREND Hosts the CZ Copper Deposit For personal use only 8 High priority targets identified for example, at: 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.
Slide 11: 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 12: 1. The Collerina Trend – CZ Deposit is open in all directions
1. THE COLLERINA TREND CZ Deposit is open in all directions For personal use only • High-grade CZ shoot defined by south-east plunging fold axis • Geological modelling has identified possible parallel plunging shoots – referred to ‘Fold Hinge geological model’ • Soon to be tested by diamond drilling
Slide 13: 1. The Collerina Trend – Analogies with Constellation Discovery
1. THE COLLERINA 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 14: 2. Rochford Trend
2. ROCHFORD TREND Newly extended, large scale copper trend For personal use only 10 High-priority targets identified, for example, at: Boppy Broken Hill Area Canbelego Extensions North, South & West – Possible extensions and repeats of the Canbelego deposit Caballero Bijoux Prospect 2021 VTE
Slide 15: 2. Rochford Trend – Canbelego DHEM
2. ROCHFORD TREND Canbelego – DHEM highlights new opportunities to extend deposit in all directions For personal use only Canbelego Canbelego Inferred Resource of 1.5Mt at 1.2% Cu (JORC 2004)1 Strong drilling results to date: – 4/4 copper sulphide intercepts – Extended known mineralisation 90m d
Slide 16: 2. Rochford Trend – 14 metres at 4.2% copper
2. ROCHFORD TREND 14 metres at 4.2% copper – outstanding, thickened intercept CANDD001 - 2 metres at 3.07% copper within a broader interval of 11 metres at 1.10% copper from For personal use only 270 metres downhole CANDD002 - 14 metres at 4.22% copper from 263 metres downhole, including o 3 metres
Slide 17: 2. Rochford Trend – VTEM potential for repeat lodes
2. ROCHFORD TREND Canbelego – VTEM has highlighted potential for repeat lodes Canbelego Extensions For personal use only Down-dip - currently drilling and hitting down-dip extensions to the ‘known’ Canbelego mineralisation as well as Recent VTEM highlighted potential extensions to the North, Sou
Slide 18: Corporate Perspectives – 2021 Work Program
CORPORATE PERSPECTIVES – 2021 WORK PROGRAM Systematic pipeline of work and news flow “May 2021 Capital Raise enables DDH & RC at Canbelego & CZ deposit areas; extensional & infill drilling For personal use only ‘Continuous’ drilling for the rest of 2021” to grow the scale and confidence of the res
Slide 19: Corporate Perspectives – Investment Summary
CORPORATE PERSPECTIVES – INVESTMENT SUMMARY Compelling Australian copper exploration opportunity For personal use only Well funded – now looking to drill continuously for 2021 Defined copper resources – open ended growth potential at Canbelego – drilling high-grade copper Outstanding result - 14
Slide 20: 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 21: 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 22: 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 23: 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
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