Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (November 2018)
26 slides from Helix Resources's investor presentation, Nov 30, 2018
Slide 1: Helix Resources – Investor Presentation
For personal use only Helix Resources – Investor Presentation Copper focused – Quality Acreage – Active Explorer
Slide 2: Corporate Overview
CORPORATE OVERVIEW For personal use only ASX Code HLX Issued Shares 424 million Unlisted Options 7.25 million Market Cap @ A$0.032ps $13m Cash at 30 Oct 2018 $1.6m Enterprise Value $11.4m Major Shareholders % DIRECTORS Yandal Investments 6.4% Peter Lester Non-Exec Chairman Gee Vee Pty Ltd 5.7% Mick
Slide 3: 2018 Take Away Messages
HELIX RESOURCES – 2018 Take Away Messages A value exposure to an advancing copper story – timely and compelling Copper macro gaining momentum For personal use only – Sustained demand growth and new demand sources (renewables, batteries, EVs, etc) – Industry wide grade declines, resource depletion an
Slide 4: 2018 Snapshot
HELIX RESOURCES – 2018 Snapshot Focussed exploration - Quality Addresses – Value Drivers Emerging Geological and Structural Review Driving Exploration Strategy For personal use only – Confirmed Helix’s projects have provenance and potential scale – Review prioritised targets for advancing at Prospec
Slide 5: Collerina and the Cobar District
COLLERINA AND THE COBAR DISTRICT High value exploration potential in a richly endowed province Large Footprint: Strong presence (1,500km²) in proven copper and gold camps that remain under-explored For personal use only Actively drilling: Focussed programs delivering strong news-flow, with projects
Slide 6: Collerina Copper Project
For personal use only Collerina Copper Project Cracking the VMS code at our Flagship Asset
Slide 7: Collerina Copper
COLLERINA COPPER High grade copper in a proven copper belt Located in infrastructure-rich central NSW For personal use only 150km long fertile copper belt – Aeris Resources’ Tritton operations – north – Mincor Resources’ Tottenham deposits – south Typical district mining operation (eg Tritton
Slide 8: Collerina Copper Deposit
COLLERINA COPPER DEPOSIT Early drilling very positive, 2016 extensional drilling “hit and miss” – 2017 Review of Geology & Structural Model - 2018: Refined model tested and plunge confirmed For personal use only 505500mE 6455000mN Massive Sulphide Body N Interpreted footwall marker unit on 1vd aerom
Slide 9: Collerina Copper Deposit: New Geology and Structural Interpretation
COLLERINA COPPER DEPOSIT The new geology and structural interpretation – Refined EM Targeting Schematic Plan For personal use only Strong Fixed Loop EM Target New Strong DHEM Targets Linkage Open Targets CORCDD090 CORCDD088 3.5m @ 4.7% Cu Legend 4m @ 3.4% Cu CORCDD087 Incl. 0.85m @ 17.8% Cu Incl. 1m
Slide 10: Collerina Copper Deposit: Immediate Drill Success
COLLERINA COPPER DEPOSIT The new geology and structural interpretation - Immediate drill success Exploration breakthrough at depth and initial holes in current program gives confidence to continue drilling EM related For personal use only plunge targets Schematic Longsection Copper sulphide bearing
Slide 11: Regional Comparison and Context
COLLERINA COPPER DEPOSIT Regional Comparison and Context Attributes Tritton Mine (in Production) Collerina Deposit *Source: Aeris website and For personal use only publicly available reports (formally Straits Resources) Initial Resource 14Mt @ 2.7% Cu, 0.3g/t Au Scale Emerging from (380,000t contain
Slide 12: Regional Opportunities: The VMS Big Picture
REGIONAL OPPORTUNITIES - COLLERINA COPPER The VMS big picture: potential cluster occurrences Helix controls 85km of For personal use only • the prospective VMS Belt • To date limited exploration has been conducted on the wider Project Area • Multiple prospects identified across 3 priority target zon
Slide 13: Regional Targets Emerging: Yathella Prospect
REGIONAL OPPORTUNITIES - COLLERINA COPPER The VMS big picture: Regional Targets Emerging For personal use only • Yathella Prospect – Compelling similarities to Collerina YARC003 Deposit prior to discovery YARC001 • Originally identified in 2017 VTEM survey. YARC002 • Robust +80ppm Copper-in-soil ano
Slide 14: Yathella Revised Drill Target
REGIONAL OPPORTUNITIES - COLLERINA COPPER The VMS big picture: Yathella Revised Drill Target Yathella Revised Target For personal use only Targeted as a south-easterly plunging syncline (from Geochem and surface EM) - All initial RC holes intersected Ultramafic. - Third hole (drilled in opposite dir
Slide 15: Collerina Copper Value Opportunity
COLLERINA COPPER VALUE OPPORTUNITY District Opportunities Emerging For personal use only Active M&A, new discoveries, local producers gaining market traction and new entrants. • AMI purchased Peak Gold Mine 1H18 from NewGold • PEX discovery - Southern Nights deposit • AIS restructured debt and back
Slide 16: Mundarlo
For personal use only Mundarlo Targeting VMS-style base metal systems
Slide 17: Mundarlo (Earning 80%)
MUNDARLO (EARNING 80%) Large EM Conductor in new VMS belt For personal use only • Geology and structural studies confirm VMS provenance • Strong off-hole conductors present • Hole 4 core currently being assessed by NSW Geological survey www.helixresources.com.au I 17
Slide 18: Cobar Gold Project
For personal use only Cobar Gold Project Large System Potential – Control of Entire Goldfield – More Regional Targets Emerging
Slide 19: Cobar Gold Project
COBAR GOLD PROJECT High Prospectivity in compelling geological setting Geological model refined in 2017: Evidence for a significant gold system For personal use only New Discovery at Battery Tank – Wide zones of gold mineralisation • 43m @ 2.3 g/t gold incl. 4m @ 13.3g/t gold and 14m @ 2.8g/t go
Slide 20: Chile Divestments
For personal use only Chile Divestments Retained exposure to large emerging copper projects in world-class jurisdiction
Slide 21: Chile Value Realisation Program
Chile Value Realisation Program Potential $6M spend on two JV’s with large retained interests Chile Value Realisation Program: The Company is continuing to assess deals that crystallise or For personal use only have the potential to enhance project value from our Chilean copper assets. Joint Ven
Slide 22: Joshua Project – Large Scale Porphyry Copper Target
Joshua Project – Large Scale Porphyry Copper Target Helix Free-carried to BFS with retained 20% Equity For personal use only Previous Drilling Molybdenite- Late quartz veins ‘epithermal’ in dacite base metal vein porphyry overprint Evolving Story from Current Program Copper bearing • Multiple Porphy
Slide 23: Samuel Project – Large Scale Porphyry and Manto Copper Targets
Samuel Project – Large Scale Porphyry and Manto Copper Targets JOCMEC Funding Partner - Helix 40% Equity after $3.3m spend For personal use only JOGMEC funded Phase 1 Program underway • Full coverage Drone Aeromagnetic survey underway • Mapping and sampling commenced www.helixresources.com.au I 23
Slide 24: Investment Thesis
HELIX RESOURCES Investment Thesis- A leading Australian exploration story Strong presence in proven NSW mining camps, in under-explored areas For personal use only Focussed exploration programs – dollars in the ground to create opportunities for value uplift Exploration breakthrough at Colleri
Slide 25: Important Notices: Disclaimer and Competent Persons Statement
IMPORTANT NOTICES Disclaimer and Competent Persons Statement For personal use only 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 companies, their business or the prop
Slide 26: For further information
For personal use only For further information: Mick Wilson Managing Director mick.wilson@helix.net.au +61 8 9321 2644 www.helixresources.com.au
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