Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (March 2024)
23 slides from Helix Resources's investor presentation, Mar 19, 2024
Slide 1: Cobar Copper Hunt heats up with 2024 drilling campaign
For personal use only COBAR COPPER HUNT heats up with 2024 drilling campaign Dr Kylie Prendergast Executive Technical Director COBAR COPPER HUNT | March 2024 | ASX:HLX
Slide 2: Acknowledgement of Country
For personal use only Acknowledgement of Country We would like to acknowledge the Traditional Owners of the Country on which we work to make mineral discoveries in Central Western NSW, the Wangaaypuwan, Ngemba, Ngiyampaa, and Wayilwan peoples. We recognise the continuing connection to lands, waters
Slide 3: Corporate Snapshot
Mr. Rosenstreich has a blend of technical and commercial skills gained over 30 years as a mining & exploration geologist and as a resources banker which culminated in various Corporate leading corporate roles discovering, developing and operating gold and base metals Mike Rosenstreich projects and m
Slide 4: Copper strategy fundamentals
Copper strategy fundamentals Cu $ For personal use only Copper is an essential Copper deficit looming industrial and energy and price forecasts are transition metal positive1 Helix is solely Leveraged to new focused on the copper-gold Cobar copper hunt discoveries 1. Refer RBC: US$200B required to f
Slide 5: Cobar – a prolific copper region
Cobar – a prolific copper region ENDEAVOR 1.6Mt Zn, 1.0Mt Pb For personal use only & 47Moz Ag Large strategic land position TRITTON ▪ ~2900 km2 +650kt Cu, 3Moz CSA MINE Ag & 250koz Au 1.5Mt Cu, 27Moz Prolific Region Ag & 491kt Zn ▪ +100 years of metal production PEAK MINE 2.7Moz Au, 6.6Moz Ag, ▪ Hig
Slide 6: Big Deposits on Big Structures
Big Deposits on Big Structures Regional metal endowment For personal use only ENDEAVOR ~4.3 Mt ~5 Moz ~198 Moz ~13 Mt ~31 Mt Copper Gold Silver Lead Zinc CSA MINE South North PEAK MINE Pb HERA GOLD & Au Cu Zn FEDERATION Au Au Au Ag Great Chesney Cu Au Cu Rookery Fault Cu Au Rochford 30 km Refer Appe
Slide 7: Momentum & 2024 Strategy
Momentum & 2024 Strategy 1. Actively prioritising a quality portfolio of copper and gold targets For personal use only 2. Focus on making new discoveries 3. Incorporating IP geophysics to optimise drill spend 4. Plan to drill test top ~5 copper and gold targets Conceptual Pipeline +90 Targets Priori
Slide 8: Cobar Copper Hunt: New Data, New Targets
Cobar Copper Hunt: New Data, New Targets Pre-2021 2024 For personal use only Predominantly government data – patchy company work Multi-layered data filters: structural, geochemistry, geophysics Pipeline of well-founded copper & gold targets for discovery Western Tenements Eastern Tenements Follow on
Slide 9: Western Tenements Targeting the copper trends
Western Tenements Targeting the copper trends Rochford, Meryula and Mount Lewis Trends Canbelego MRE1 Bijoux and Black 2024 Drill + 77% increase in Range Drilling Program Follow on contained Cu to 31.8 kt New Drill For personal use only Pipeline Jun 2023 Ongoing Late 2023 Early 2024 May 2024 Geochem
Slide 10: Canbelego to Bijoux: new geophysics results
Canbelego to Bijoux New geophysics results 10 km of copper anomalies IP effective for copper mineralisation and new targets For personal use only Canbelego 3D inversion IP chargeability depth slice at 130mRL (175m below surface) 10 COBAR COPPER HUNT | March 2024 | ASX:HLX Refer ASX Announcements: 29
Slide 11: Black Range to Bijoux / Canbelego-Caballero
Black Range to Bijoux Canbelego-Caballero 30km of Rochford Trend Near ‘mine’ targeting IP geophysics RC drill meters 5 lines / 3D model allocated New approach verified For personal use only Jun 2023 Jan 2024 Mar 2024 May 2024 Canbelego MRE1 IP geophysics + 77% increase in (GAIP underway) contained C
Slide 12: Bijoux: Large copper anomaly, only 200m tested
Black Range to Bijoux Bijoux 30km of Rochford Trend Large copper anomaly, only 200m tested Scout RC drilling2 RC Drilling Nov 23 For personal use only Oct 23 Jan 24 Mar 24 May 24 1.6 km Cu anomaly1 IP geophysics proposed paleochannel & cover Discovery Drill Highlights2 ▪ 36m at 0.99 % Cu inc. 6m at
Slide 13: Eastern Tenements: Extensive new geochemistry
Eastern Tenements Extensive new geochemistry Collerina Trend Tested Quanda and 2024 Drill Program Fiveways VTEM targets1 Collerina Trends Sept 2023 Ongoing 2024 2024 For personal use only Ongoing sampling, IP Geophysics generative & field work compliment Widgelands ▪ Collerina Trend is directly sout
Slide 14: Eastern Tenements: Unlocking the wheatfields
Eastern Tenements Unlocking the wheatfields Collerina Trend New pathfinder auger anomalies LEGEND Collerina Trends For personal use only Sb (std. dev. units) Follow on New Drill Pipeline New structural zone and Sb anomaly 10 km 5 km 14 COBAR COPPER HUNT | March 2024 | ASX:HLX Refer ASX Announcements
Slide 15: Eastern Tenements: Gold–Copper Targets
Eastern Tenements Gold–Copper Targets Collerina Trend New 11 km pathfinder and gold auger anomaly Collerina Aldebaran Trends ▪ Rock samples with Au (best 8.9 g/t Au For personal use only and 0.2 % Cu, plus anomalous As, Sb, Pb) Max’s Folly ▪ 16m @ 0.35 g/t Au (from surface) in drillhole testing old
Slide 16: Eastern Tenements: Widgelands Copper
Eastern Tenements Widgelands Copper Collerina Trend Collerina Highlights Trends Collerina ▪ Anomalous copper in rock For personal use only Trend chips and historic workings ▪ Known major Collerina Trend structures with no prior drilling. ▪ Copper mines to north (Aeris) and CZ high-grade copper depos
Slide 17: Eastern Tenements: Geophysics targets
Eastern Tenements Geophysics targets Collerina Trend Integrating new datasets to prioritise VTEM For personal use only ▪ 23 Airborne VTEM targets in Eastern Group tenements 1 ▪ 5 have been downgraded by follow-up surface EM and/or drilling ▪ Remaining 18 are being evaluated ▪ Ongoing program of asse
Slide 18: 2024 Outlook: Discovery Focus
2024 OUTLOOK Discovery Focus – definitively testing targets For personal use only Feb Mar Apr May Jun Geophysics IP test new areas successful trial 21 km2 coverage follow-up testing Drilling Auger Sampling (2 rigs) ▪ Geophysics – results MARCH / APRIL ▪ Auger program – ongoing results ▪ Drill target
Slide 19: Corporate: Poised for new discoveries
Corporate Poised for new discoveries Perspectives For personal use only ▪ Funding: ~$3.0 million* Investment Summary (ASX:HLX) ▪ Drilling high-grade target pipeline ▪ Cobar copper and gold focused ▪ ASX leverage to copper discovery ▪ Management and local expertise 19 COBAR COPPER HUNT | March 2024 |
Slide 20: Contact
For personal use only Contact MIKE ROSENSTREICH Chair KYLIE PRENDERGAST Executive Technical Director helix@helixresources.com.au Level 4, 225 St Georges Terrace, Perth WA 6000 T: +61 8 9321 2644 helixresources.com.au ASX:HLX 20 COBAR COPPER HUNT | March 2024 | ASX:HLX
Slide 21: Appendix A: Mineral Resource Estimates
APPENDIX A MINERAL RESOURCE ESTIMATES Canbelego Main Lode (June 2023) MRE Category Tonnes Grade (Cu%) Cu-Metal (t) For personal use only Total opencut MRE, ≥240mRL; 0.3 Cu% cut-off grade & underground MRE, <240mRL; 0.8 Cu% cut-off grade Indicated 340,600 1.65 5,620 Inferred 1,493,700 1.75 26,140 Tot
Slide 22: Appendix B: Regional Producers & Deposits
APPENDIX B REGIONAL PRODUCERS & DEPOSITS TRITTON COPPER OPERATIONS1 ENDEAVOR LEAD/ZINC4 For personal use only • 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 B
Slide 23: 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