Helix Resources Limited · ASX:HLX

Helix Resources — Investor Presentation (March 2022)

26 slides from Helix Resources's investor presentation, Mar 24, 2022

  1. Slide 1: All-in on Copper in Cobar

    For personal use only (ASX:HLX) “All-in on Copper in Cobar”

  2. 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

  3. Slide 3: Investment Snapshot – Strategic Value

    INVESTMENT SNAPSHOT – STRATEGIC VALUE ~$13M RAISING TO FUND AGGRESSIVE EXPLORATION IN COBAR For personal use only  > 2,000km2 of highly strategic, prospective ground in Cobar region  Two existing copper resources1 – Canbelego (1.5Mt at 1.2% Cu) and CZ (2Mt at 2% Cu) ― Significant exploration poten

  4. Slide 4: Corporate Snapshot

    CORPORATE SNAPSHOT (ASX:HLX) CURRENT (PRE-COMPLETION OF CAPITAL RAISING) PRO-FORMA (POST COMPLETION OF CAPITAL RAISING) Share price (18 March 22) $0.014 New Shares – Placement T1 & T22 916.7M For personal use only Shares (listed) 1,278M New Shares – Share Purchase Plan2 166.7M Options & Performance

  5. Slide 5: Cobar – A Prolific Copper Region

    TRITTON COPPER OPERATIONS COBAR – A PROLIFIC COPPER REGION 584Kt Cu, 336Koz Au & 5Moz Ag in Resources. FOCUSSED SOLELY ON THE Production Guidance FY22 – 19Kt Cu COBAR REGION, NSW ENDEAVOR LEAD/ZINC4 For personal use only C&M MT BOPPY GOLD5 Planned - 24koz Au >2,000km2 landholding with existing resou

  6. Slide 6: 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 Two main tenement groups: ~2,160km2 Three Major regional scale copper trends: 1. Rochford Trend – 30 km 2 – Canbelego copper deposit1 2. Collerina Trend – 80 km 1 – T

  7. 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 Three Major regional scale copper trends: 2 1. Rochford Trend – 30 km – Canbelego copper deposit1 – 1.5Mt 1 at 1.2% Cu (JORC 2004) 3 2. Collerina Trend – 80 km – The

  8. Slide 8: 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  Strong structural geological controls on formation  Typically occur in repeat parallel lodes  Subtle structural

  9. Slide 9: 1. Rochford Trend

    1. ROCHFORD TREND HIGHLY PROPSECTIVE FOR ‘COBAR-STYLE’ DEPOSITS A pipe-line of copper opportunities For personal use only  Advanced Canbelego Project (70/30 HLX/Aeris JV): – Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004, Inferred) – Parallel lodes identified – visible copper sulphides out

  10. Slide 10: Canbelego Main Zone – One of Several High-Grade Lodes?

    1. ROCHFORD TREND CANBELEGO MAIN ZONE – ONE OF SEVERAL HIGH-GRADE LODES? Canbelego Main Zone For personal use only  Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004, Inferred)  Open to the north, and at depth  2021/22 drilling demonstrating Current Mineral high-grade shoots within a Resour

  11. Slide 11: Copper Minerals in RC Drill Chips & Diamond Drill Core

    1. ROCHFORD TREND COPPER MINERALS IN RC DRILL CHIPS & DIAMOND DRILL CORE For personal use only Copper minerals clearly visible: yellow, brassy metallic lustre Chalcopyrite – CuFeS2 (copper sulphide mineral) With handheld XRF and geological logging of distinctive copper minerals – not as reliant on f

  12. Slide 12: Recent Copper Mineral Intercepts into Emerging New Lodes

    1. ROCHFORD TREND RECENT COPPER MINERAL INTERCEPTS INTO EMERGING NEW LODES1 Copper resource growth opportunities: For personal use only  Extensions of the Main Zone  Parallel lode positions verified by recent RC drilling1 – Canbelego Main Lode (CBM) - open to the north & at depth (see previous Lon

  13. Slide 13: Emerging Prospects Along Trend from Canbelego

    1. ROCHFORD TREND EMERGING PROSPECTS ALONG ‘TREND’ FROM CANBELEGO High Priority copper prospects, new growth opportunities: For personal use only Boppy Broken Hill  VTEM anomaly Greater Canbelego (JV)  Geochemical  3 VTEM anomalies anomaly  Geochemical anomaly Undrilled  Recent drill intercepts

  14. Slide 14: Canbelego – High Grade Copper Targets

    1. ROCHFORD TREND CANBELEGO – HIGH GRADE COPPER TARGETS For personal use only Canbelego and regional areas – will be main focus News & Activities-ongoing  Assay results – Jan-Feb drill program  Surface EM to confirm targets  RC/DD drilling follow-up of RC drilling  Follow-up Caballero and Bijoux

  15. Slide 15: South, Along Trend from Tritton Copper Operations

    COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL SOUTH, ALONG TREND FROM TRITTON COPPER OPERATIONS For personal use only Three Major regional scale copper trends: 1. Rochford Trend – 30 km – Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004) 2 2. Collerina Trend – 80 km 1 – The Central Zone (CZ)

  16. Slide 16: Targeting 'Tritton' Style Deposits

    WHAT ARE WE HUNTING FOR? TARGETING ‘TRITTON’ STYLE - LARGE SCALE, HIGH GRADE COPPER DEPOSITS For personal use only Tritton style targets • Geologically older (55Ma) than ‘Cobar’ Tritton Ops - 30 year production history at c. 25ktpa of Cu metal style and still has resources of 242kt Cu (Measured & In

  17. Slide 17: 2. Collerina Trend – Large, Strategic Ground Position

    2. COLLERINA TREND LARGE, STRATEGIC GROUND POSITION – 100% HLX Advanced Copper Project: For personal use only – CZ copper deposit – 2.0Mt at 2.0% Cu1 – New shallow, high-grade ‘oxide-copper’ zone intersected from ~12-30m vertical depth at CZ – outside of existing resource Regional Targets:  Large s

  18. Slide 18: CZ Copper Deposit

    2. THE COLLERINA TREND CZ COPPER DEPOSIT1 Significant high-grade sulphide & ‘oxide’ For personal use only copper mineralisation discovered:  +1,200m long CZ sulphide zone1; intercepts include:  14m at 4.0% Cu  11m at 6.6% Cu  12m at 5.0% Cu  10m at 3.7% Cu  4m at 5.2% Cu  5m at 4.3% Cu  3.5m

  19. Slide 19: Tritton to the North, CZ in Central Area

    2. THE COLLERINA TREND TRITTON TO THE NORTH, CZ IN CENTRAL AREA - 80 STRIKE-KM ‘UNDER-EXPLORED’ For personal use only Follow-up work planned with a regional focus:  Surface EM – Quanda & Fiveways  Approved, regional scale auger-soil program over 40 strike-km of copper trend  Drill traverses acros

  20. Slide 20: Copper in Cobar – Unlocking Value

    COPPER IN COBAR – UNLOCKING VALUE Focus for the next 12-18 months is moving For personal use only copper opportunities “up the Pyramid” Exploration objective – build copper inventory:  For standalone operation – HLX ‘needs’ c.200kt contained copper in Mineral Resources  Potentially – any scale of

  21. Slide 21: Expenditure Plan

    EXPENDITURE PLAN Planned expenditure1 of ~$13M for the next 12 – 18 months For personal use only  25-35k metres of RC & DD drilling – starts early April  Orange based Exploration Team of 4 FT and 1-2 PT Geologists + Field Technicians  >50% on Direct Drill costs Rochford Trend 1. Preliminary plan

  22. Slide 22: Corporate Re-Set

    CORPORATE “RE-SET’ Helix “re-set” well advanced: For personal use only  New management team  New Cobar-copper focussed strategy  Initial funding and work – ‘proof of concept’  Share register – update to build-in stability  Board rejuvenation – add skills Focus for 2022 (now fully funded):  Dri

  23. Slide 23: Corporate Perspectives – Investment Summary

    CORPORATE PERSPECTIVES – INVESTMENT SUMMARY RARE INVESTOR STRATEGIC LEVERAGE TO COPPER LOCATION For personal use only EXPLORATION SUCCESS >2,000km2 landholding in EXISTING FOCUSED ON COBAR STRONG LONG-TERM close proximity COPPER COPPER to existing RESOURCES DEMAND strategics OUTLOOK With significant

  24. Slide 24: Contact

    CONTACT MIKE ROSENSTREICH For personal use only 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

  25. Slide 25: 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 Category Cut-off Tonnes Ni % Co % Fe % Al % For personal use only Mt % g/t t Oz Indicated Oxide/Tr

  26. Slide 26: Appendix B – Regional Producers & Deposits

    APPENDIX B – REGIONAL PRODUCERS & DEPOSITS TRITTON COPPER OPERATIONS1  Refer Annual Report 3 October 2021 ENDEAVOR LEAD/ZINC4 For personal use only  updated with ASX Report 3 Aug 2021 Mineral  Currently Care & Maintenance Resource & Ore Reserve Estimate June 2021 Tritton,  Sandfire (ASX:SFR) ear

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