Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (June 2020)
21 slides from Helix Resources's investor presentation, Jun 23, 2020
Slide 1: Investor Presentation: A premium gold and copper footprint in the Cobar Region
INVESTOR PRESENTATION A premium gold and copper footprint in the Cobar Region 23 June 2020
Slide 2: Capital Structure
CAPITAL STRUCUTRE ASX CODE HLX HELIX RESOURCES (ASX:HLX) $0.025 10,000,000 Traded share volume Issued shares 529.4 M Volume traded Share price (A$ps) Closing share price $0.020 8,000,000 Unlisted options 15.0 M $0.015 6,000,000 Share price (at 22 June 2020) A$0.012 $0.010 4,000,000 Market capitalisa
Slide 3: Overview of Entitlement Offer
Overview of Entitlement Offer $1.85m to accelerate gold and copper exploration programs Indicative Offer Timetable Date A 1 for 2 pro-rata, non-renounceable rights Record Date for determining Entitlements 11 June 2020 issue to Eligible Shareholders at an offer price of 0.7 cents per new share Pros
Slide 4: High value exploration potential in the Cobar District
THE COBAR LARGE FOOTPRINT DISTRICT Strong presence (1,500km²) in proven gold and copper camps that remain High value under-explored exploration ACTIVE EXPLORER potential in Focused programs advancing high potential prospects, projects entering a richly pivotal stages endowed DISTRICT ATTRIBUTES
Slide 5: Cobar Gold
COBAR GOLD Large system potential – new targets emerging
Slide 6: Cobar Gold Project: Emerging gold field
COBAR GOLD PROJECT Emerging gold field Comparison of Helix Cobar Project with Peak Gold Trend Control of large-scale goldfield (600 km2) Existing 118koz Au JORC2012 Oxide Resource (refer Appendix A) Comparable geological setting to nearby 4Moz Peak Trend Large system potential Nth Target Zon
Slide 7: Presence of large gold system
COBAR GOLD PROJECT Presence of large gold system Existing Inferred Oxide Resource (from surface) – 3.75Mt @ 1g/t Au for 118koz Gold (incl. 55koz @ 2g/t Au)1 Geological model demonstrates significant gold system potential Battery Tank Prospect – wide zones of gold mineralisation – 43m @ 2.3 g/t
Slide 8: Priority existing targets
COBAR GOLD PROJECT Priority existing targets Follow-up targets from previous drilling : – Reward Prospect: 20m@1.1g/t Au from 16m (incl. 4m@ 2.5g/t Au from 20m) Open in all directions – Battery Tank Extensions: System remains open at depth below 23m @ 2g/t Au from 26m; (additional untested working
Slide 9: Exciting new northern target zone
COBAR GOLD PROJECT Exciting new northern target zone Access gained to the northern portion of the goldfield; encompasses the fold closure of the Restdown Anticline Previous work: Only minor surface sampling targeting base metals evident from public domain data (mostly in the 1980’s) Earlier li
Slide 10: The immediate plan
COBAR GOLD PROJECT The immediate plan Make these boxes the dark blue Rock chips-mapping-auger sampling northern target area Ongoing field reconnaissance, rockchip sampling and mapping of a 50km2 area in the CURRENT – 3Q2020 northern portion of the goldfield – first access since early 2000’s, limited
Slide 11: Collerina Copper
COLLERINA COPPER Cracking the structural code
Slide 12: Collerina: Advanced copper project
COLLERINA 100%-owned Collerina Copper Project in the Cobar Basin Advanced Tenement package of +1,500km2, including over 85km of Cu-prospective trend; surrounded by multiple operating base metal and gold mines copper Central Zone (CZ) deposit: high-grade results from previous drilling include 1
Slide 13: Scale breakthrough - additional high grade copper targets
COLLERINA COPPER PROJECT Scale breakthrough - additional high grade copper targets CZ Resource lies within larger Exploration Target* envelope of an additional 2 – 5Mt at 1.5 – 3.0% Cu (additional 30 – 150kt cont. Cu)1 Phase 1 RC program (Feb 2020) tested EXPLORATION TARGET for high-grade Cu in
Slide 14: Recent success: Northern Target Zone (NTZ)
COLLERINA COPPER PROJECT Recent success: Northern Target Zone (NTZ) Parallel NTZ extends from surface to untested FLEM* targets 1.5km down plunge (550m from surface) Down dip/plunge target: primary Cu mineralisation intersected 180m down dip from CZ on parallel structure – 4m @ 3.18% Cu and 0.4g
Slide 15: Recent success: Southern Target Zone (STZ)
COLLERINA COPPER PROJECT Recent success: Southern Target Zone (STZ) Broad zones of near-surface oxide copper mineralisation Image? intersected in a CZ footwall fold nose target Key intercept of 46m @ 0.44% Cu from 3m, incl. 1m @ 4.9% Cu from 32m Confirms additional footwall mineralisation behi
Slide 16: Next phase study progression and drilling
COLLERINA COPPER PROJECT Next phase study progression and drilling Conceptual pit designs for CZ Looking S-SE Maiden Resource Resource underway Polygons (White) – Utilise CZ block model and regionally benchmarked mining cost inputs, plus copper price scenarios – Will assist in targeting drilling o
Slide 17: Collerina copper trend and beyond
COLLERINA COPPER PROJECT Collerina copper trend and beyond Helix controls 85 kilometres of the prospective VMS belt within a major base metal and gold producing region Limited exploration has been conducted on the wider project area Multiple prospects identified across 3 priority target zones
Slide 18: Helix: Focussed exploration in quality mineral camps
Helix: Focussed exploration in quality mineral camps PORTFOLIO BUILT AND ADVANCED EMERGING GOLD STORY THROUGH THE CYCLE Large system potential: depth continuation and Now strongly positioned to capitalise on additional regional prospects identified recent exploration success Pending drill program se
Slide 19: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement This presentation has been authorised by the Board of Helix Resources Limited This presentation has been prepared by Helix Resources Limited (“Company”). The presentation does not contain all the information that a prospective investor may require about the
Slide 20: Contact
CONTACT Mick Wilson General Manager, Geology mick.wilson@helix.net.au +61 8 9321 2644 Peter Lester Executive Chairman helix@helix.net.au +61 8 9321 2644
Slide 21: Appendix A: Mineral Resource estimates
APPENDIX A These tables are images I can’t change them Mineral Resource estimates Cobar Gold (November 2019) (0.4g/t Au cut-off) Collerina Copper CZ (June 2019) (0.5% Cu cut-off) Classification Type Tonnes Cu Au Cu Au Mt % g/t t oz Indicated Oxide / Transitional 0.17 1.1 0.0 1,900 200 Inferred Oxi