Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (September 2010)
23 slides from Helix Resources's investor presentation, Sep 2, 2010
Slide 1: Investor Presentation cover letter to ASX
Helix Resources Limited A.C.N. 009 138 738 Incorporated in Western Australia For personal use only 2nd September 2010 Australian Stock Exchange Limited Via Electronic Lodgement Dear Sirs INVESTOR PRESENTATION We attached a copy of a presentation which the company intends making to Brokers and intere
Slide 2: Helix Resources Limited
For personal use only HELIX RESOURCES LIMITED “Creating shareholder value through exploration and development”
Slide 3: Disclaimer
DISCLAIMER For personal use only Competent Person’s Statement The information that relates to Exploration Results, Mineral Resources or Ore Reserves on these projects is based on information compiled or reviewed by Mr M Wilson who is a full time employee of Helix Resources Limited and a Member of Th
Slide 4: Company Snapshot
COMPANY SNAPSHOT For personal use only Corporate Structure (ASX: HLX) Peer Market Capitalisation Ordinary Shares: 132 m ASX Market Cap per In-situ Fe Resource Tonne Current Price: A$0.07 $5.54 Market Capitalisation: A$ 9 m Listed Options (5c @ 31 May 2011) 53 m Cash: A$3.4 m $2.77 Board of Directors
Slide 5: Overview
OVERVIEW For personal use only YALLEEN IRON ORE JV , Western Australia (30%) – Resource 84Mt @ 57.2% Fe [CID] – Scoping Study reports technical and financial viability – Post Tax value range NPV12% of $1,100 m and NPV16% $900 m TUNKILLIA JV, South Australia (47%) – 800,000 oz gold with Minotaur mana
Slide 6: Helix Project Locations
HELIX PROJECT LOCATIONS For personal use only Australia Chile
Slide 7: Yalleen Iron Ore JV
For personal use only YALLEEN IRON ORE JV
Slide 8: Yalleen JV Location Map
YALLEEN JV LOCATION MAP For personal use only
Slide 9: Yalleen JV Overview
YALLEEN JV OVERVIEW For personal use only – Scoping Study reports technical and financial viability – Post tax NPV value range $900 m to $1,100 m* – Capex $150 m - $200 m [haul road, screening plant etc.] – Opex ± $48/t – Production 5Mtpa and potential 12 year Life of Mine provided Inferred/Indicate
Slide 10: Sensitivity Analysis
SENSITIVITY ANALYSIS For personal use only Variables' Effects on NPV 1,800 1,600 1,400 1,200 Change in Income, % 1,000 $m Change in Variable costs, % 800 Discount factor 600 Total investment, 1000 AUD 400 200 0 -20.0 % -10.0 % 0.0 % +10.0 % +20.0 %
Slide 11: Helix's Iron Ore Exposure
HELIX’S IRON ORE EXPOSURE In the context of the West Pilbara Iron Project For personal use only West Pilbara Iron Ore Project Shareholding* Aquila Resources Limited AMCI Australia Pty Ltd AMCI: 7.05% 50% API Management Pty Ltd 50% (Australia Premium Iron JV) Stage 1 Stage 2 70% 60% (earning 80%) 70%
Slide 12: Yalleen Iron Ore Project
YALLEEN IRON ORE PROJECT For personal use only Market Cap per in-situ Fe Resource Tonne- Producers $14.00 $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 $- MGX AGO MMX TTY HLX Takeover Valuation Indicative Values Transaction Cost A$M JORC Resource Implied A$/t Lion/MIN/Polaris $143 43 Mt $3.36/t BHP/UMC $204
Slide 13: NSW Gold/Copper Projects
For personal use only NSW GOLD/ COPPER PROJECTS
Slide 14: NSW Cu/Au Projects Location Map
NSW CU/AU PROJECTS LOCATION MAP For personal use only
Slide 15: Why Central NSW
WHY CENTRAL NSW For personal use only – Region with numerous operating copper and gold mines (eg CSA - Glencore, The Peak - New Gold Inc, Tritton - Straits) and advanced projects (Hera- YTC, Mineral Hill- Kimberley Metals, Murrawombie - straits, Budgery - Straits and Tottenham- Mincor). – Excellent
Slide 16: Braemar/Olary SA
For personal use only BRAEMAR/OLARY SA A new Iron Ore Province?
Slide 17: Braemar/Olary Location Map
BRAEMAR/OLARY LOCATION MAP For personal use only
Slide 18: Braemar Province
BRAEMAR PROVINCE For personal use only – JV with BMG funding $2m for 65% commenced with initial BMG exploration target +1Bt @ 18% magnetite DTR – HLX right to sell at fair market value after BMG earn 51% – BMG JV with Carpentaria re Hawsons Iron Project 50 km E has staged payments of $81m to earn 80
Slide 19: Chile Exposure
For personal use only CHILE EXPOSURE
Slide 20: Chile Overview
CHILE OVERVIEW For personal use only – Chile: an ideal & logical destination to expand Helix’s copper & gold exploration and development portfolio – Useful Facts: Chile rates 2nd only to USA (Australia 3rd) in the Resourcestocks World Risk Survey 2009; stable democratically elected pro-mining govern
Slide 21: Punta del Talca Gold Asset
PUNTA DEL TALCA GOLD ASSET For personal use only PROJECT BACKGROUND – Mining district artisanally mined (produced +800,000 oz gold to date) – Local family run operation processing approx 140ktpa (~20,000oz Au pa) from gold bearing quartz veins (Ave. 5g/t Au) and tailings (Ave. 1.5g/t Au). – No geolo
Slide 22: Project Activity Timeline
PROJECT ACTIVITY TIMELINE* For personal use only Project Q3 – 2010 Q4 – 2010 Q1 - 2011 Q2 - 2011 Q3 - 2011 Yalleen Iron JV - WA Scoping Studies Feasibility Studies Feasibility Studies Feasibility Study Potential Decision (HLX 30%) completed to Mine Canbelego JV -NSW Resource Estimation Geochem VTEM
Slide 23: Life Cycle of a Mining Share
vw LIFE CYCLE OF A MINING SHARE HELIX RESOURCES LIMITED Mining projects express a predictable pattern on a Mining Company’s share price over the development period Stages Higher Risk Resource definition, pre-feasibility Greenfields and full feasibility exploration and prospect identification Share P
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