Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (August 2023)
34 slides from Helix Resources's investor presentation, Aug 17, 2023
Slide 1: Investor Relations Update and Webinar Presentation
ASX Announcement 17 August 2023 Investor Relations Update and Webinar Presentation Key points • Managing Director Mike Rosenstreich to deliver Investor Webinar presentation 10am AWST / 12pm AEST on Thursday 24th August 2023 • Mr Rosenstreich is also currently undertaking an investor roadshow in Sydn
Slide 2: About Helix Resources
This ASX release was authorised by the Managing Director of Helix Resources Ltd. ABN: 27 009 138 738 Board of Directors: HLX ASX: HLX Peter Lester Non-Executive Chairman Kylie Prendergast Non-Executive Director Contact Details: Mike Rosenstreich Managing Director Helix Resources Limited Level 13, 19
Slide 3: Shortening the Odds to Discovery – Corporate Update August 2023
‘SHORTENING THE ODDS TO DISCOVERY’ Corporate Update – August 2023
Slide 4: 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
Slide 5: Copper is the essential critical metal and a supply deficit is looming
Copper is the essential critical metal and a supply deficit is looming COPPER DEFICIT “Decarbonisation and energy transition needs copper - regardless of power source or battery chemistry”
Slide 6: Just one 'Copper Powerball' in your portfolio
ASX:HLX in your portfolio …just one ‘Copper Powerball’ ‘Shortening the odds’ to discovery: • Drilling now • Focused on new discoveries • Generating exciting new targets The “Powerball • Focused solely on Cobar region Zone” • Funded ~$6M cash • Large strategic land position • ‘Cobar experts’ – locall
Slide 7: Cobar: a prolific copper region
ENDEAVOR HLX-new Northern EL COBAR 1.6Mt Zn, 1.0Mt Pb & 47Moz Ag CSA MINE HLX – Western Tenements A PROLIFIC 1.5Mt Cu, 27Moz Ag & 491kt Zn TRITTON +650kt Cu, 3Moz COPPER REGION PEAK MINE Ag & 250koz Au 2.7Moz Au, 6.6Moz Ag, 350kt Cu & Large strategic land position – 430kt Pb-Zn creates discovery opp
Slide 8: Cobar: production pathways and local processing options
ENDEAVOR HLX-new Northern EL COBAR 1.6Mt Zn, 1.0Mt Pb & 47Moz Ag CSA MINE HLX – Western Tenements A PROLIFIC 1.5Mt Cu, 27Moz Ag & 491kt Zn TRITTON +650kt Cu, 3Moz COPPER REGION PEAK MINE Ag & 250koz Au 2.7Moz Au, 6.6Moz Production pathways with Ag, 350kt Cu & local processing options 430kt Pb-Zn In
Slide 9: Copper in Cobar: regional copper trends
COPPER IN COBAR Helix is focused solely on the New EL9581 (Collerina) Cobar region Copper resource & high-priority targets on major regional trends Tritton Copper Tenements Three major regional scale copper trends: Canbelego Deposit 1. 1 Rochford Trend – 30 km Canbelego Mineral Resource1 2. 2 Coller
Slide 10: Aggressive target generation and drill testing
COPPER IN COBAR Strategy is aggressive target generation and drill testing to build project profile ‘Copper Powerball’…is a numbers game! Test lots of targets – eliminate some and advance others 1Refer Appendix A for details on Mineral Resources 8
Slide 11: Locally based team – the Cobar experts
COPPER IN COBAR LOCALLY BASED TEAM Gordon Barnes (+35 yrs.) Mike Rosenstreich (+35 yrs.) – THE ‘COBAR EXPERTS’ Tapping into ~150 years of combined, mainly local, geological experience Juan Farias (4 yrs.) Vladimir David (+35 yrs.) John Heavey (16 yrs.) John Catterson (2 yrs.) Morgan Stewart (4 yrs.)
Slide 12: Discovery – Recent Highlights
COPPER IN COBAR 2c. New EL9581 July 2023 DISCOVERY - RECENT HIGHLIGHTS 1. High Grade Copper Projects Canbelego Mineral Resource1 NEW - 77% increase in contained copper Aeris’ Tritton Copper Tenements 2. New discoveries from regional-scale exploration: 1. Canbelego Deposit new MRE a. In the West (Roc
Slide 13: Rochford Trend
1 ROCHFORD TREND Black Range HIGHLY PROSPECTIVE FOR Little Boppy ‘COBAR-STYLE’ DEPOSITS CANBELEGO 1 A M1 COPPER DEPOSIT1 Cobar style high-grade copper deposits 1.83Mt at 1.74% Cu Muriel Tank Exploration Model – ‘Cobar style’ deposits P2 B M4 Small ‘footprints’ but deep vertical extensions Western
Slide 14: Rochford Trend: Canbelego Main Lode
1 ROCHFORD TREND CANBELEGO MAIN CANBELEGO JV(HLX 70% & AIS 30%) LODE (Plan outline of ‘Cobar style’ – high grade, steep Cu shoots Mineral Resource) New Canbelego Main Lode Mineral Resource Western Lodes (CBW1+2) • Core focus for HLX since mind 2021. Project was dormant since 2013. Aggressive FY24 Wo
Slide 15: Rochford Trend: Canbelego Main Lode Mineral Resource
Potential Open-cut 25m @ 1.9% Cu ROCHFORD TREND Mineral resource 1 Incl. 9m @ 3.3% Cu & 3m @ 4.6% Cu 0.3% Cu CoG CANBELEGO MAIN LODE Potential Underground Canbelego Main Lode Mineral Resource1: Mineral resource 0.8% Cu CoG • 1.83Mt at 1.74% Cu with 31.8Kt contained 8m @ 2.8% Cu Incl. 5m @ 2.4% Cu 16
Slide 16: New Discoveries in the West? Regional work
NEW DISCOVERIES 2 IN THE WEST? REGIONAL WORK–NEW TARGETS Multi-element surface sampling program – key regional scale ‘discovery tool’ • Targeting copper, base metals & gold mineralisation • Utilising ‘pathfinder’ element associations - another 54 elements Auger & Lag geochemical sampling • Fast, eff
Slide 17: New Discoveries in the West? Regional surface geochemical work
NEW DISCOVERIES In-fill Geochem Survey in Progress 2 IN THE WEST? REGIONAL SURFACE Black Range GEOCHEMICAL WORK 2a. Rochford Trend - promising early results • Black Range – large scale & important elemental association • Sth Rochford - new anomalies (Cu-As- Canbelego Bi) anomalies emerging through R
Slide 18: New Discoveries in the West? Regional geophysical targets
NEW DISCOVERIES 2 IN THE WEST? REGIONAL GEOPHYSICAL Black Range TARGETS 2a. Rochford Trend – several VTEM anomalies to pursue • Significant VTEM anomalies RO-502 eg RO-502-504 to follow-up RO-504 RO-503 Canbelego • Planned ground EM surveys RO-504 • Planned geochem sampling RO-503 Caballero Bijoux V
Slide 19: New Discoveries in the West? Black Range target
NEW DISCOVERIES 2 IN THE WEST? NEW TARGET - EXAMPLE 2a. Black Range Cu-Bi (In-Sn-W-Zn) Anomaly • Large scale - 6 x 1.7km anomalous zone • Significant multi-element geochemical anomaly – Cu & Bi, also In, Sn, W and Zn • Historic workings – 80m deep shaft & copper lode up to 21m wide recorded • Rock c
Slide 20: New Discoveries in the East? Electromagnetics
NEW DISCOVERIES IN THE EAST? 1. Canbelego Deposit ELECTROMAGNETICS (EM) – A PROVEN 2a. Ground Geophysics ‘DISCOVERY TOOL’ Quanda-Hermidale Airborne electromagnetics (VTEM) 2b. ‘Discovery tool’ in the region eg Constellation discovery by Aeris in Dec 2019 2a. 2017 VTEM Survey 2017 – HLX 20%2 VTEM
Slide 21: Drilling Fiveways Target
NEW DISCOVERIES IN THE EAST? 2b. Drilling Fiveways Target – now! Quanda-Hermidale Targets Distinct basement conductors prospective for new copper deposits – never drilled Follow-up Downhole EM & assays Further drilling? Fiveways Target Open, accessible paddocks 1Refer ASX Report 14 June 2023
Slide 22: Drilling Quanda-Hermidale Targets
NEW DISCOVERIES IN THE EAST? 2b. Drilling Quanda-Hermidale Targets Quanda-Hermidale ~1,250m RC drilling Targets Basement conductors and coincident magnetic anomalies – never drilled Follow-up – assays and drilling Fiveways Target Open, accessible paddocks 1Refer ASX Report 14 June 2023 Series
Slide 23: New Discoveries? Core focus – new copper deposits
2 NEW DISCOVERIES? CORE FOCUS – NEW COPPER DEPOSITS Regional scale exploration is gaining momentum: • Geophysics - new VTEM & FLEM data • Geochemistry - Auger samples & multi- element assays • Geology – geological eyes and thoughts • Drill testing has commenced Our focus – to define and test new cop
Slide 24: Nickel-Cobalt Asset – Planned IPO
NICKEL-COBALT ASSET West Lynn (Ni Co) Project 3 PLANNED IPO Nyngan Scandium Project NI-CO PROSPECT AREA Homeville Ni-Co Deposit 18mt at 0.9% Ni & 0.06% Co CZ Copper Project T • Significant undervalued Ni-Co assets on HLX Tottenham Copper Project tenements • Ionick Metals Ltd – consolidation of Ni-Co
Slide 25: Ionick Metals Ltd – many prospects with high-grade drill hits
3 IONICK METALS LTD MANY PROSPECTS WITH HIGHGRADE DRILL HITS1 G-Series Magnetic Targets Greenblatt Excellent nickel & cobalt grades – focus is to 10m at 0.8% Ni, 0.17% Co find more tonnes! 7m at 0.7% Ni & 0.63% Co 4m at 0.6% Ni & 0.3% Co • Homeville Nickel-Cobalt Deposit - ~18Mt at 0.9% Ni & 0.06% C
Slide 26: Ionick Metals: developing an independent business plan
3 IONICK METALS LTD DEVELOPING AN INDEPENDENT Ni (Eq) Tonnes Ni Grade Co Grade Contained Metal (Kt) BUSINESS PLAN Project Owner Location Grade (%) (Mt) (%) (%) Nickel Cobalt NSW Projects Comparison with Australian emerging Homeville ASX:HLX NSW 1.01% 18 0.89% 0.06% 160 10 Ni-Co projects; genuine hig
Slide 27: Sustainability – getting set-up early
SUSTAINABILITY Current Focus: • Traditional Owner engagement and cultural GETTING SET-UP EARLY awareness • Employee development Helix has a strong ‘Sustainability Platform’ including sound ESG inputs • Community Engagement - retained a Community & Landowner Relations Manager to ensure Helix Focus ar
Slide 28: HLX Snapshot
HLX BOARD & MANAGEMENT KEY SHAREHOLDERS (10 Aug. 2023) SNAPSHOT Peter Lester (Mining Eng./BD) Yandal Investments Pty Ltd Non-Executive Chairman 2.2% Mike Rosenstreich CORPORATE (Geo./ Finance) Technical Ceramic Marketing Services Pty Ltd (ASX:HLX) Managing Director 2.2% Kylie Prendergast (Geo.) Mr.
Slide 29: Upcoming News
Upcoming News Near-term planned news flow is focused around drilling of new targets: • Drilling – test new targets at Quanda-Hermidale & Fiveways AUGUST • Investor presentations; Sydney & Melbourne • Surface sampling update – new target generation • Drilling - testing new targets on Rochford Trend Q
Slide 30: Corporate Perspectives – Investment Summary
STRATEGIC LOCATION: PROLIFIC COBAR COPPER CORPORATE DISTRICT EXISTING STRONG PERSPECTIVES COPPER LONG-TERM RESOURCE COPPER DEMAND OUTLOOK With significant INVESTMENT SUMMARY growth potential HLX is poised for new discoveries; well-funded and drilling, offering investors leverage to copper FOCUSSED,
Slide 31: Contact
CONTACT MIKE ROSENSTREICH Managing Director helix@helixresources.com.au Level 13, 191 St Georges Terrace, Perth WA 6000 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 32: Appendix A – Mineral Resource Estimates
APPENDIX A MINERAL RESOURCE ESTIMATES Canbelego Main Lode (June 2023) CANBELEGO MRE REPORT MRE Category Tonnes Grade (Cu%) Cu-Metal (t) For full details of MRE please refer to ASX Report 14 June 2023 Total opencut MRE, ≥240mRL; 0.3 Cu% cut-off grade & underground MRE, <240mRL; 0.8 Cu% cut-off grade
Slide 33: Appendix B – Key Personnel
APPENDIX B KEY PERSONNEL Peter Lester Meagan Hamblin Non-Executive Chairman, Mining Engineer Chief Financial Officer Mr. Lester has over 40 years' experience in the mining industry and has held Ms. Hamblin is a Director of Meridian Corporate Consultants with extensive senior executive positions with
Slide 34: Appendix C – Regional Producers & Deposits
APPENDIX C REGIONAL PRODUCERS & DEPOSITS TRITTON COPPER OPERATIONS1 ENDEAVOR LEAD/ZINC4 • 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 BOPPY GOLD5 CSA MINE2 •
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