Helix Resources Limited · ASX:HLX
Helix Resources — Shareholder Meeting (November 2022)
34 slides from Helix Resources's shareholder meeting presentation, Nov 24, 2022
Slide 1: High Grade Cobar Energy Metals - Annual General Meeting
For personal use only HIGH GRADE COBAR ENERGY METALS • copper, nickel & cobalt Annual General Meeting 24 November 2022 “Cobar” – the Niyama first-nations word for copper, meaning 'red earth' or 'burnt earth’
Slide 2: 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 3: HLX Snapshot – Strategic Value
HLX SNAPSHOT – STRATEGIC VALUE CASH, STRATEGIC GROUND AND EXPERT TEAM For personal use only ▪ ~A$11m cash ▪ > 2,000km2 of highly prospective ground in Cobar region, NSW ▪ Copper resources1 – Canbelego (1.5Mt at 1.2% Cu) and CZ (2Mt at 2% Cu) ▪ Nickel-cobalt laterite resource1 – Homeville (18Mt at 0.
Slide 4: HLX Snapshot - Corporate
HLX SNAPSHOT - CORPORATE (ASX:HLX) CAPITAL STRUCTURE SHAREHOLDERS (estimate) Share price (16 November 2022) $0.006 1% Shares on Issue 2,323M For personal use only Institutional Investor 24% Options & Performance Rights (unlisted) 70M Retail Investor Market Capitalisation $14.0M Directors Cash (30 Se
Slide 5: Cobar – A Prolific Copper Region
TRITTON COBAR – A PROLIFIC COPPER REGION 560kt Cu, 3Moz Ag & 250koz Au +4MT COPPER FOCUSSED SOLELY ON THE ENDEAVOR DISTRICT COBAR REGION, NSW 1.6Mt Zn, 1.0Mt Pb & 47Moz Ag For personal use only HLX - large landholding with CSA MINE 1.5Mt Cu, 27Moz Ag existing resources in highly & 491kt Zn mineralis
Slide 6: Cobar – A Prolific Copper Region (Tritton Base Metals Plant)
TRITTON BASE METALS COBAR – A PROLIFIC COPPER REGION PLANT NOTE: Cu GRADES Reserve grade – 1.4% Cu FOCUSSED SOLELY ON THE Resource grade – 1.5% Cu COBAR REGION, NSW ENDEAVOR BASE For personal use only METALS PLANT Strategically located in CSA BASE METALS PLANT NOTE: Cu GRADES close proximity to: Res
Slide 7: Copper in Cobar – Untested Regional Potential
COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL COPPER RESOURCES & HIGH-PRIORITY TARGETS ON MAJOR REGIONAL TRENDS For personal use only Large land position of ~2,200km2 : ▪ Western tenement group ▪ Eastern tenement group Three Major regional scale copper trends: 1. Rochford Trend – 30 km – Canbelego c
Slide 8: Copper in Cobar – Untested Regional Potential (Western Group)
COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL COPPER RESOURCES & HIGH-PRIORITY TARGETS ON MAJOR REGIONAL TRENDS For personal use only CANBELEGO COPPER DEPOSIT Western Group Tenements Rochford Trend – 30 km ▪ Canbelego copper deposit1 – 1.5Mt at 1.2% Cu 1 (JORC 2004) 3 Meryula Trend – 25 km ROCHFORD
Slide 9: What Are We Hunting For?
WHAT ARE WE HUNTING FOR? TARGET IS ‘COBAR- STYLE’ - LARGE SCALE, HIGH GRADE COPPER DEPOSITS Cobar style targets For personal use only ▪ Small ‘footprints’ but deep vertical extensions ▪ Typically multiple parallel lodes Example – CSA Copper Deposit1 near Cobar: ▪ One of the highest grade copper mine
Slide 10: Rochford Trend – Highly Prospective for Cobar-Style Deposits
1. ROCHFORD TREND HIGHLY PROSPECTIVE FOR ‘COBAR-STYLE’ DEPOSITS A pipe-line of copper opportunities For personal use only ▪ Rochford Trend – 30 km CANBELEGO COPPER DEPOSIT – Advanced to early-stage copper targets ▪ Meryula Trend – 25 km – Earlier stage copper, lead, zinc targets MERYULA TREND ROCHFO
Slide 11: Rochford Trend – Highly Prospective for Cobar-Style Deposits
1. ROCHFORD TREND HIGHLY PROSPECTIVE FOR ‘COBAR-STYLE’ DEPOSITS The Rochford Trend For personal use only Canbelego Copper Greater Deposit Greater Canbelego Area (Aeris JV – 30% HLX-70%) Canbelego Area 1.5Mt at 1.2% Cu ▪ Advanced Canbelego Project Canbelego deposit1 – 1.5Mt at 1.2% Cu (JORC 2004, Inf
Slide 12: Greater Canbelego Area (Aeris JVA)
1. ROCHFORD TREND GREATER CANBELEGO AREA (Aeris JVA) Greater For personal use only Extensive copper-in-soil anomaly Canbelego Area Canbelego Main Lode ▪ 2010 – Inferred Resource 1.5Mt at 1.2% Cu1 Long-Section Western Lodes ▪ West Lode CBW2 ▪ Multiple lode positions verified by recent RC drilling2 Re
Slide 13: Canbelego Main Lode (Long Section)
400m east-west 1. ROCHFORD TREND CANBELEGO MAIN LODE (Long Section) 16m at 1.1% Cu 0 to 200m 9m at 2.5% Cu “…Cobar-style, small foot print, great Incl. 4m at 1.9% Cu For personal use only Incl. 3m at 4.6% Cu 2010 Mineral vertical continuity…” Resource 18m at 0.9% Cu Incl. 3m at 2.1% Cu 16m at 3.2% C
Slide 14: Canbelego Main Lode (Cross Section)
1. ROCHFORD TREND CANBELEGO MAIN LODE (Cross Section) 0 to 200m For personal use only Canbelego Main Zone Growth potential 2010 Mineral Resource 2010 Inferred Resource ▪ Untested high-grade areas from 0 to 120m 1.5Mt at 1.2% Cu depth ▪ Two shoot positions – open at depth 2021 – Highest tenor interce
Slide 15: Greater Canbelego Area – Western Lodes
1. ROCHFORD TREND GREATER CANBELEGO AREA (Aeris JVA) Greater For personal use only Western Lodes - multiple Canbelego Area ▪ Identified in late 2021 ▪ Parallel lodes – consistent with “Cobar-style’ model CANBELEGO ▪ CBW21 possible Main Lode ‘look alike’? MAIN LODE COPPER DEPOSIT ▪ Wide, anomalous co
Slide 16: Greater Canbelego Area – Western Lodes
1. ROCHFORD TREND GREATER CANBELEGO AREA (Aeris JVA) For personal use only Western Lodes 17m at 0.8% Cu incl. 3m at 2.3% Cu ▪ Systematically test lode positions ▪ Focusing on anomalous Cu, geophysics (DHEM) and multi-element vectoring to spot deeper Cobar-style DHEM Conductive lode structures Plate
Slide 17: Numerous Prospects Along Trend – New & Historic
1. ROCHFORD TREND NUMEROUS PROPSECTS ALONG TREND – NEW & HISTORIC High Priority copper prospects, new growth opportunities For personal use only Black Range ▪ Historical workings Greater Canbelego (JV)* ▪ VTEM anomaly ▪ 3 VTEM anomalies ▪ Geochemical ▪ Geochemical anomaly anomaly ▪ Recent drill inte
Slide 18: Emerging Caballero Prospect
1. ROCHFORD TREND EMERGING CABALLERO PROSPECT Caballero Prospect Area For personal use only ▪ First drilling in 8 years 4m at 0.5% Cu incl. 1m at 1.5% Cu ▪ +800m copper-in-soil anomaly ▪ significant, open-ended zones of copper mineralisation and intense alteration1: – 11 metres (m) at 0.75% copper (
Slide 19: Copper in Cobar – South, Along Trend from Tritton
COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL SOUTH, ALONG TREND FROM AERIS RESOURCES’ (ASX:AIS) TRITTON COPPER OPERATIONS For personal use only 2. Collerina Trend – 80 km – The Central Zone (CZ) Mineral Resource1 of 2Mt at 2% Cu Homeville Ni-Co Deposit ▪ Collerina Trend is the southern 18mt at 0.9%
Slide 20: Targeting Tritton Style Copper Deposits
WHAT ARE WE HUNTING FOR? TARGETING ‘TRITTON’ STYLE - LARGE SCALE, HIGH GRADE COPPER DEPOSITS For personal use only Tritton style targets Constellation - looking northeast* ▪ Occur along preferred lithological trends – possible VMS association ▪ long-axis, ‘ribbon-like’ form ▪ Typically occur in ‘clu
Slide 21: Collerina Trend – Large, Strategic Ground Position
2. COLLERINA TREND LARGE, STRATEGIC GROUND POSITION – 100% HLX For personal use only South, ‘along-trend’ from Tritton deposits Tritton Process Plant (AIS) ▪ Advanced Copper Project: – CZ copper deposit – 2.0Mt at 2.0% Cu1 ▪ Regional Targets: – Historical targets – never followed up – New VTEM data
Slide 22: The Collerina Trend – CZ Copper Deposit
2. THE COLLERINA TREND CZ COPPER DEPOSIT1 For personal use only 6m at 0.2% Cu 32m at 0.6% Cu 11m at 6.6% Cu incl. 4m at 1.2% Cu 14m at 4.0% Cu Significant high-grade sulphide & 3.2m at 3.1% Cu ‘oxide’ (blue) copper mineralisation 4m at 2.6% Cu & 12m at 5.0% Cu discovered: 0.4 g/t Au 4m at 5.2% Cu ▪
Slide 23: The Collerina Trend – CZ Copper Deposit
2. THE COLLERINA TREND CZ COPPER DEPOSIT1 For personal use only CZ Deposit Schematic Long Section ▪ Geological model currently Looking North being updated ▪ Clear similarities to Tritton & Constellation Deposits 1Refer Appendix A for details on Mineral Resources & historic intercepts 2ASX Report 1 N
Slide 24: Collerina Trend – Huge Regional Potential
2. COLLERINA TREND HUGE REGIONAL POTENTIAL South, ‘along-trend’ from Tritton For personal use only Tritton Process Plant (AIS) deposits Regional Targets: ▪ >80 ‘strike’ km of prospective copper trend ▪ New VTEM data – identifying new targets Homeville Ni-Co Deposit and confirming historical prospect
Slide 25: Nickel-Cobalt Asset Commercialisation
3. NICKEL-COBALT ASSET COMMERCIALISATION SIGNIFICANT NI-CO ASSETS ON HLX TENEMENTS: can’t be ignored - nickel & cobalt are also essential ‘energy For personal use only metals’ Nyngan Nickel-Cobalt Project (NNCP) Ni-Co Prospect Area ▪ Significant nickel-cobalt laterite & PGM potential ▪ Homeville Nic
Slide 26: NNCP - Many Prospects with High-Grade Drill Hits
3. NNCP - MANY PROSPECTS WITH HIGHGRADE DRILL HITS Greenblatt Excellent Exploration For personal use only 10m at 0.8% Ni, 0.17% Co Upside 7m at 0.7% Ni & 0.63% Co 4m at 0.6% Ni & 0.3% Co Lewis ▪ Thick shallow Ni-Co 20m at 0.6% Ni, 0.02% Co mineralisation 8m at 0.8% Ni & 0.04% Co ▪ High-grade Ni & Co
Slide 27: NNCP – Developing an Independent Business Plan
3. NNCP – DEVELOPING AN INDEPENDENT BUSINESS PLAN COMPARISON WITH AUSTRALIAN PEERS – GENUINE HIGH-GRADE NI-CO LATERITE For personal use only Ni (Eq) Contained Metal (Kt) ▪ High ‘Nickel-Equivalent” grade deposit Project Owner Location Grade Nickel Cobalt based on nickel and cobalt contents Murrin Mur
Slide 28: Sustainability – Getting Set-Up Early
SUSTAINABILITY – GETTING SET-UP EARLY STRONG ‘SUSTAINABILITY PLATFORM’ (+ESG inputs) For personal use only “Creating a sound platform to build our business upon” HLX PURPOSE STATEMENT Helix was established to discover and, if viable, develop mineral deposits to create wealth for its shareholders in
Slide 29: Expenditure Plan and Near-Term News-Flow
EXPENDITURE PLAN PLANNED EXPENDITURE1 NEAR-TERM NEWS-FLOW ~$10M for the next 12 – 18 months For personal use only ▪ Canbelego Main Lode ▪ Orange based Exploration Team of 5 FT and 2 – Deep drilling; visual results – Nov/Dec PT Geologists + Field Technicians – Downhole geophysics (EM) – Nov/Dec – Ass
Slide 30: Corporate Perspectives – Investment Summary
CORPORATE PERSPECTIVES – INVESTMENT SUMMARY STRATEGIC HLX OFFERS INVESTORS LOCATION RARE LEVERAGE TO For personal use only >2,000km2 COPPER EXPLORATION STRONG prospective land Many EXISTING SUCCESS FOCUSED ON LONG-TERM COPPER processing COPPER RESOURCES COBAR DEMAND options With significant OUTLOOK
Slide 31: Contact
CONTACT MIKE ROSENSTREICH Managing Director For personal use only helix@helixresources.com.au 78 Churchill Avenue, Subiaco WA 6008 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 32: Appendix A - Mineral Resource Estimates
APPENDIX A - MINERAL RESOURCE ESTIMATES Collerina Copper CZ (June 2019) (0.5% Cu cut-off) Homeville Nickel-Cobalt (September 2018) Classification Type Tonnes Copper Gold Contained Copper Contained Gold For personal use only Category Cut-off Tonnes Ni % Co % Fe % Al % Mt % g/t t Oz Indicated Oxide/Tr
Slide 33: Appendix B - Key Personnel
APPENDIX B - KEY PERSONNEL Peter Lester Meagan Hamblin Non-Executive Chairman, Mining Engineer Chief Financial Officer For personal use only Mr Lester has over 40 years' experience in the mining industry and has Meagan Hamblin is a Director of Meridian Corporate Consultants with held senior executiv
Slide 34: Appendix C – Regional Producers & Deposits
APPENDIX C – REGIONAL PRODUCERS & DEPOSITS TRITTON COPPER OPERATIONS1 ▪ Refer Group Report on Mineral Resources & Ore ENDEAVOR LEAD/ZINC4 Reserves 15 November For personal use only ▪ Currently Care & Maintenance 2022https://www.aerisresources.com.au/ ▪ https://www.cbhresources.com.au/operations/ende
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