Helix Resources Limited · ASX:HLX
Helix Resources — Merger or Acquisition (March 2006)
26 slides from Helix Resources's merger presentation, Mar 28, 2006
Slide 1: Helix Resources Limited – Committed Explorer since 1986
his HELIX RESOURCES LIMITED HELIX RESOURCES LIMITED Committed Explorer since 1986 Riccardo Vittino, Chief Operating Officer 28 March 2006 | Ee
Slide 2: financial situation and needs.
financial situation and needs. The information contained in the presentation t. advice. This presentation is for information p Ss summary nature only. Helix Resources gives Wa relation to the statements and information in this pre Investors should seek appropriate advice on their.ow HELIX RESOURCES
Slide 3: Presentation Overview
HELIX RESOURCES LIMITED Presentation Overview Transaction Overview Transaction Rationale Asset Overview New Helix Platina Indicative Timetable
Slide 4: Transaction Overview
"Transaction Ove
Slide 5: Platina to raise $4.3M through an IPO
HELIX RESOURCES LIMITED Platina to raise $4.3M through an IPO of 21. - Provision for $1.9M of over-subscriptions «Platina to continue development of all platinum pr strategic acquisition opportunities ° Priority allocation to existing Helix shareholders at (19 April) “ «Transaction Consideration: 7
Slide 6: Helix Resources Limited
Helix Resources Limited HELIX RESOURCES LIMITED Gold Projects PGM / Ni Projects West Pilbara Projects Base metals and Uranium 100% diluting 100% Gawler Craton / Tunkillia JV Munni Munni PGM . + : West Pilbara Diamond Perry Creek 10.5Mt @ 2.2g/t — 730,00002 | 24Mt @ 2.9g/t PEM 3 Kimberlites identifie
Slide 7: Helix Operations — Post Float
HELIX RESOURCES LIMITED Helix Operations — Post Float Helix Resources Limited Gold Projects” Other Investments and Joint Ventures Advanced Projects }] West Pilbara Base metals and Projects Uranium Gawler Craton / Tunkillia JV 10.5Mt @ 2.2g/t — 730,0000z (March 2004) Minotaur earning 51% | West Pilba
Slide 8: New Board & Management Structure
HELIX RESOURCES LIMITED New Board & Management Structure Robert Mosig — Appointed Non-Executive Chair: Mr.Mosig has 30 years experience in PGM, gold and diamon expl successfully floated Helix Resources NL on the ASX in 1985 after a two potential in Australia. Since then Mr.Mosig has held the positio
Slide 9: Transaction Rationale
_ Transaction Rationale
Slide 10: Benefits for Helix Shareholders
HELIX RESOURCES LIMITED Benefits for Helix Shareholders Catalyst to. unlock inherent value i in the bi diluting HLX shareholders Allows Helix to focus on its significa gold better manage non-gold investments ‘Creates a new platinum investment vehicl platinum business Potential market re-rating: - Ne
Slide 11: Benefits for New Platina Shareholders
HELIX RESOURCES LIMITED Benefits for New Platina Shareholders advancing the current PGM projects Expands opportunities in PGM to consider ¢ offshore project acquisitions Opportunity to capitalise on positive sentime PGM market : Experienced Board, commitment to creating platinum management team a Gr
Slide 12: Overview of Gold Assets
- Overview of Gold Assets
Slide 13: Asset Overview — Glenburgh (100%)
HELIX RESOURCES LIMITED Asset Overview — Glenburgh (100%) Core focus of Helix’s exploration and) development Positive results from Dec05 drilling at the Mustang and Shelby Projects New targets identified — IP Survey 2,000m RC drilling program due to commence in early April Further exploration to con
Slide 14: Asset Overview — Tunkillia JV
HELIX RESOURCES LIMITED Asset Overview — Tunkillia JV Tunkillia Project advancing under a JV with Mino Minotaur is earning 51% interest in the pro st by 4,000m diamond and 10,000m RC ariing pregta decision (mid 2006) Current JORC Resource (indicated and Inferred) for -730,00002Z (at March 2004)
Slide 15: Asset Overview — Other Projects
HELIX RESOURCES LIMITED Asset Overview — Other Projects Gold * Bilyuin Anomaly — Peak Hill/Murchison WA _ Other Investments and JV’s * West Pilbara — WA - Diamonds — (JV or. 3 Party IPO. under review) - lron Ore JV — API earning 70% - Gold & Base metals — HLX ¢ Uranium Projects - Lake Everard JV — T
Slide 16: Post Float
— Post Float
Slide 17: New Helix
New Helix —
Slide 18: New Helix — Capital Structure
HELIX RESOURCES LIMITED New Helix — Capital Structure Issued capital Market capitalisation Cash Major shareholders $2.2m - Directors 96m FPO (19.2m $12.5m (6 Yandal Investme Cairnglen + Invia Societe,Generale
Slide 19: New Helix - Growth Strategy
HELIX RESOURCES LIMITED New Helix - Growth Strategy * Utilise proven gold management a d technical team * Pursue highly prospective gold asset and new acquisitions with a dedicated budget - Capitalise on strength of gold price and lack of mid-tier producers i inthe — Australian market
Slide 20: New Helix — Gold Resources
HELIX RESOURCES LIMITED New Helix — Gold Resources ~ Equity Tunkillia* Au 100% (Diluting) Project 10.5Mt@ 2.2g/t Au 730,000oz| Glenburgh** Au 100% 1.1Mt @ 3.1g/t Au (cut) 108,0000z | g ™ sss ¢ Minotaur currently progressing Tunkillia resou with $2M drill program and metallurgical studies «Geophysics
Slide 21: Platina
HELIX RESOURCES LIMITED Platina - ‘opportunity to invest in PGM exploration & development:
Slide 22: Platina - Company Snapshot
HELIX RESOURCES LIMITED Platina - Company Snapshot Robert Mosig — Executive. Chairman Mr. Mosig has 30 years. experience in PGM, gold and danond: exp successfully floated Helix Resources NL on the AS) in 1985 after potential in Australia. Since then Mr Mosig has held Greg Wheeler — Non-executive Dir
Slide 23: Platina — Resources & Growth Strategy
HELIX RESOURCES LIMITED Platina — Resources & Growth Strategy Project ~ Equity Grade 3 Tonn Munni Munni PGM* 100% 24Mt eas 2 9g 2.24Moz (PGM) Fifield PGM** 100% 1 2Mt @ 1.2-1.4g/t ~50,0000z Pt *.measured and Indicated, ** Unclassified * Dedicated budget and strategy to continue | exploration in Aust
Slide 24: Indicative Timetable
Timetable Indicative
Slide 25: Key Dates for Completion
HELIX RESOURCES LIMITED Key Dates for Completion* ET eee (Announce details of Prior Early April 2006 19 April 2006 MNase (Prospectusdispatched ss ak t™S Ses. LM Early May 2006 Mid May 2006 * These dates are indicative and may be subject to change
Slide 26: Questions?
Questions? ©