Helix Resources Limited · ASX:HLX
Helix Resources — Shareholder Meeting (November 2024)
28 slides from Helix Resources's shareholder meeting presentation, Nov 19, 2024
Slide 1: A Copper Discovery Company
A Copper Discovery Company Presenting at the Annual General Meeting 19 November 2024 INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX
Slide 2: Corporate Snapshot
INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX Corporate Snapshot (ASX:HLX & HLXO) CAPITAL STRUCTURE Share price (18 November 2024) $0.004 Shares on Issue 3,264 M Options & Performance Rights 702 M Market Capitalisation $13.06 M Cash (30 September 2024) $2.04 M Enterprise Value (EV) $11.02 M 2
Slide 3: Corporate Snapshot
Corporate Snapshot INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX (ASX:HLX & HLXO) MIKE ROSENSTREICH MICHELLE KENNEDY / CHAIR / CHIEF FINANCIAL OFFICER Mr. Rosenstreich has a blend of technical and commercial skills gained Ms. Kennedy is a Director of Meridian Corporate Consultants with extensive n
Slide 4: The Copper Opportunity
The Copper Opportunity INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX Helix is focused on a Helix is leveraged to copper hunt in two new copper and gold proven regions discoveries Copper is an essential Copper deficit looming construction, energy and and forecasts are positive technology metal 4 So
Slide 5: Leveraged to Discovery
Leveraged to Discovery INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX Study & Reserves Target pyramid with robust copper portfolio Indicated and Measured Resources Priority Inferred Resources Ongoing Work Canbelego No immediate Work Advanced Exploration CZ Muriel Tank Goldfield Follow-up Targets Do
Slide 6: Bryah Projects
Bryah Projects Strategic acquisition 320 km2 of highly prospective rock sequences New prospectivity from new geological work Along strike of the Tier 1 DeGrussa Degrussa former copper mine (nearly 1Mt of ~900,000 tonnes of copper equivalent metal high-grade copper metal produced) at a grade of nearl
Slide 7: Bryah Projects
Bryah Projects INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX High-grade VMS copper terrane foothold Complimentary to Cobar projects. Diversification • Acquisition and Earn-in with two vendors1 • Prospective for high-grade Cu-Au Along the DeGrussa Prospective Trend • ~1km copper gossan at Doolgunna
Slide 8: Cobar Opportunity
Cobar Opportunity INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX ENDEAVOR Prolific proven Cobar region • +150 years of metal production CSA MINE • High-grade Cu, Au, Pb, Zn, Ag TRITTON Large strategic land position • ~ 3200 km2 • Copper and gold targets PEAK MINE HERA GOLD & FEDERATION Proximal to
Slide 9: West Cobar Project
West Cobar Project West Cobar Project Strategic foothold Near the headframes… Directly adjacent to major producing gold, copper and base metal mines Ready for surface geophysics and drill follow up
Slide 10: West Cobar Project
West Cobar Project INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX CSA COPPER MINE Earn-In with Legacy Minerals (ASX:LGM) Diversification and expansion PEAK GOLD MINES • Earn-in with Legacy Minerals1 on 303 km2 area • Prospective for high-grade Cu, Au, Pb, Zn, Ag 4&6 Area of surface Adjacent major d
Slide 11: Western Tenements
Western Tenements Western CSA-style Copper Tenements Full profile of copper opportunities… A Mineral Resource at Canbelego Robust identified targets at Bijoux and Louis And plenty of untested early-stage upside Copper minerals in drillcore at Canbelego. Refer ASX Announcement 5 May 2022
Slide 12: Western Tenements CSA-style Copper
Western Tenements CSA-style Copper INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX Moving to drill established targets ASX:MAC Helix portfolio includes: CANBELEGO CSA Mine Canbelego Main Lode Copper Resource 1.83 Mt at 1.74% Cu with 31.8 kt contained copper1 BIJOUX Extensive copper footprint (290m c
Slide 13: Bijoux Copper Project
Bijoux Copper Project INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX Extensive untested copper footprint • +2 km long copper surface geochemical anomaly1 • Every drillhole has intersected copper2 • Oxide and sulphide copper mineralisation outlined over 290 m in drillholes2 o 2m at 5.76% Cu within 1
Slide 14: Eastern Tenements
Eastern Tenements Eastern Tenements Tritton-style Copper-Gold Hot on the trail… New, large-scale geochemical anomalies Hallmarks of “Tritton-style” Copper Gold
Slide 15: Tritton-style Copper-Gold
Tritton-style Copper-Gold INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX 140 years of copper history • Helix tenements are along trend from copper-gold mines • Established infrastructure and Tritton Processing Facility Schematic long sections of Aeris copper deposits2 Tritton Budgerygar Avoca Murra
Slide 16: Eastern Tenements - Copper
Eastern Tenements INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX - Copper N e w c o p p e r- go l d ta rge ts • Collerina Corridor extends south from the Aeris mines (~100km long) • New targets discovered in March 2024 by auger drilling1 • Geochmistry similar to Aeris copper-gold mines North Coller
Slide 17: Eastern Tenements Copper-Gold
Eastern Tenements Copper-Gold INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX L a r g e g e o c h e m i c a l a n o m a l i e s , e x t e n s i v e c o v e r, t a n t a l i s i n g r o c k chip results, ready to drill North Central South Multiple +2 km long gold anomalies Widgelands: 9.16% and 3
Slide 18: Muriel Tank
Muriel Tank Tenement Muriel Tank Gold Project Golden Opportunity… Historic, high-grade gold workings. Close to existing operating gold mines. New high-grade vein extensions identified.
Slide 19: Muriel Tank Gold Project
Muriel Tank Gold Project INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX Historical Gold Mine Workings – Ready to Drill • 5 km by 1.5 km target zone • Multiple shallow historical mine shafts produced high-grade gold (~15 g/t Au) • Several gold plants within trucking distance • Veins are open along s
Slide 20: Proposed Acta Bid
Corporate Update – Proposed Acta Bid INVESTOR PRESENTATION | OCTOBER 2024 | ASX:HLX What is the Acta Proportional What do I need to do about the Takeover Offer & who is Acta, Nuevo Who are the Acta nominees? Proposed Bid from Acta / Nuevo Royalty Limited & Mr Povey? Royalty? • Acta Investment Group
Slide 21: Proposed Acta Offer
Corporate Update – Proposed Acta Offer INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX The reasons Helix Board recommends you Reject the current Acta Offer are: Shareholders are advised to 1. Acta nominees Track Record is not better than the current Board: Based on review of publicly available infor
Slide 22: Why should you support current Board and Strategy?
Why should you support current Board and Strategy? INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX (ASX:HLX & HLXO) Transparent: Spend in the ground We are transparent with Helix Helix’s exploration efficiency exceeds benchmarks shareholders. Our plans and Committed to Helix: intentions continue to
Slide 23: Ready to Drill
Ready to Drill INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX Two high-grade copper terranes Bryah Projects – Western Australia Nov/Dec: lock in plans for surface geophysics on Degrussa West Early 2025: surface geophysics and drill testing targets Early 2025: programs to develop new drill targets (
Slide 24: Corporate Perspectives Investment Summary
Active Copper & Gold Explorer • Funding: ~$2 million* • Exposure to copper (gold) discoveries in two renowned high-grade copper regions • Drilling across all projects Corporate Perspectives • Management and expertise Investment Summary (ASX:HLX) Pb Au Cu Zn Au AuAu Ag Cu Great Chesney Au Cu Rookery
Slide 25: Contacts
Contacts KYLIE PRENDERGAST Managing Director helix@helixresources.com.au Level 4, 225 St Georges Terrace Perth WA 6000 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 26: Important Notices
Important Notices This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement The information in this report that relates to exploration results, and geological data for the Cobar projects is based on and fairly represents information and supporting docu
Slide 27: Appendix A: Mineral Resource Estimates
APPENDIX A INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX M I N E R A L R E S O U RC E E X T I M AT E S Canbelego Main Lode (June 2023) MRE Category Tonnes Grade (Cu%) Cu-Metal (t) Total opencut MRE, ≥240mRL; 0.3 Cu% cut-off grade & underground MRE, <240mRL; 0.8 Cu% cut-off grade Indicated 340,600
Slide 28: Appendix B: Regional Producers & Deposits
APPENDIX B INVESTOR PRESENTATION | NOVEMBER 2024 | ASX:HLX REGIONAL PRODUCERS & DEPOSITS ENDEAVOR LEAD/ZINC4 TRITTON COPPER OPERATIONS1 • Currently Care & Maintenance • Refer Group Report on Mineral Resources & Ore • https://www.cbhresources.com.au/endeavor-mine/ Reserves 15 November • https://www.a
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