Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (June 2020)
23 slides from Helix Resources's investor presentation, Jun 23, 2020
Slide 1: Investor Presentation
For personal use only INVESTOR PRESENTATION A premium gold and copper footprint in the Cobar Region 23 June 2020
Slide 2: Capital Structure
CAPITAL STRUCTURE For personal use only ASX CODE HLX HELIX RESOURCES (ASX:HLX) $0.025 10,000,000 Traded share volume Issued shares 529.4 M Volume traded Share price (A$ps) Closing share price $0.020 8,000,000 Unlisted options 15.0 M $0.015 6,000,000 Share price (at 22 June 2020) A$0.012 $0.010 4,000
Slide 3: Overview of Entitlement Offer
Overview of Entitlement Offer $1.85m to accelerate gold and copper exploration programs For personal use only Indicative Offer Timetable Date A 1 for 2 pro-rata, non-renounceable rights Record Date for determining Entitlements 11 June 2020 issue to Eligible Shareholders at an offer price of 0.7 ce
Slide 4: The Cobar Large Footprint District
THE COBAR LARGE FOOTPRINT DISTRICT Strong presence (1,500km²) in proven gold and copper camps that remain High value For personal use only under-explored exploration ACTIVE EXPLORER potential in Focused programs advancing high potential prospects, projects entering a richly pivotal stages endowe
Slide 5: Cobar Gold
For personal use only COBAR GOLD Large system potential – new targets emerging
Slide 6: Cobar Gold Project: Comparison with Peak Gold Trend
COBAR GOLD PROJECT Comparison of Helix Cobar Project with Peak Gold Trend Emerging gold field For personal use only Control of large-scale goldfield (600 km2) Existing 118koz Au JORC2012 Oxide Resource (refer Appendix A) Comparable geological setting to nearby 4Moz Peak Trend Nth Target Larg
Slide 7: Cobar Gold Project: Presence of large gold system
COBAR GOLD PROJECT Presence of large gold system For personal use only Existing Inferred Oxide Resource (from surface) – 3.75Mt @ 1g/t Au for 118koz Gold (incl. 55koz @ 2g/t Au)1 Geological model demonstrates significant gold system potential Battery Tank Prospect – wide zones of gold minerali
Slide 8: Cobar Gold Project: Priority existing targets
COBAR GOLD PROJECT Priority existing targets For personal use only Follow-up targets from previous drilling : – Reward Prospect: 20m@1.1g/t Au from 16m (incl. 4m@ 2.5g/t Au from 20m) Open in all directions – Battery Tank Extensions: System remains open at depth below 23m @ 2g/t Au from 26m; (addit
Slide 9: Exciting new northern target zone
COBAR GOLD PROJECT Exciting new northern target zone For personal use only Access gained to the northern portion of the goldfield; encompasses the fold closure of the Restdown Anticline Previous work: Only minor surface sampling targeting base metals evident from public domain data (mostly in th
Slide 10: The immediate plan
COBAR GOLD PROJECT The immediate plan For personal use only Rock chips-mapping-auger sampling northern target area Ongoing field reconnaissance, rockchip sampling and mapping of a 50km2 area in the CURRENT – 3Q2020 northern portion of the goldfield – first access since early 2000’s, limited evidence
Slide 11: Collerina Copper
For personal use only COLLERINA COPPER Cracking the structural code
Slide 12: Collerina advanced copper project
COLLERINA 100%-owned Collerina Copper Project in the Cobar Basin Advanced Tenement package of +1,500km2, including over 85km of Cu-prospective trend; surrounded by multiple operating base metal and gold mines copper For personal use only Central Zone (CZ) deposit: high-grade results from previ
Slide 13: Scale breakthrough - additional high grade copper targets
COLLERINA COPPER PROJECT Scale breakthrough - additional high grade copper targets For personal use only CZ Resource lies within larger Exploration Target* envelope of an additional 2 – 5Mt at 1.5 – 3.0% Cu (additional 30 – 150kt cont. Cu)1 Phase 1 RC program (Feb 2020) tested EXPLORATION TARGET
Slide 14: Recent success: Northern Target Zone (NTZ)
COLLERINA COPPER PROJECT Recent success: Northern Target Zone (NTZ) For personal use only Parallel NTZ extends from surface to untested FLEM* targets 1.5km down plunge (550m from surface) Down dip/plunge target: primary Cu mineralisation intersected 180m down dip from CZ on parallel structure –
Slide 15: Recent success: Southern Target Zone (STZ)
COLLERINA COPPER PROJECT Recent success: Southern Target Zone (STZ) For personal use only Broad zones of near-surface oxide copper mineralisation Image? intersected in a CZ footwall fold nose target Key intercept of 46m @ 0.44% Cu from 3m, incl. 1m @ 4.9% Cu from 32m Confirms additional footwa
Slide 16: Next phase study progression and drilling
COLLERINA COPPER PROJECT Next phase study progression and drilling For personal use only Conceptual pit designs for CZ Looking S-SE Resource underway Maiden Resource Polygon – Utilise CZ block model and regionally benchmarked mining cost inputs, plus copper price scenarios – Will assist in targeti
Slide 17: Collerina copper trend and beyond
COLLERINA COPPER PROJECT Collerina copper trend and beyond For personal use only Helix controls 85 kilometres of the prospective VMS belt within a major base metal and gold producing region Limited exploration has been conducted on the wider project area Multiple prospects identified across 3
Slide 18: Chile Copper Projects
For personal use only CHILE COPPER PROJECTS Retained exposure to large copper projects in a world-class jurisdiction
Slide 19: Chile Projects - Samuel and Joshua
CHILE PROJECTS – SAMUEL AND JOSHUA Large scale porphyry and manto copper targets For personal use only Peru Bolivia Samuel Copper Project Joshua Copper Project Funding partner: Helix to reduce Multiple porphyry phases present to 40% interest after A$3.3M – dynamic mineralising system JOGMEC spen
Slide 20: Focussed exploration in quality mineral camps
Helix: Focussed exploration in quality mineral camps For personal use only PORTFOLIO BUILT AND ADVANCED EMERGING GOLD STORY THROUGH THE CYCLE Large system potential: depth continuation and Now strongly positioned to capitalise on additional regional prospects identified recent exploration success Pe
Slide 21: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement This presentation has been authorised by the Board of Helix Resources Limited 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
Slide 22: Contact
For personal use only CONTACT Peter Lester Mick Wilson Executive Chairman General Manager, Geology helix@helix.net.au mick.wilson@helix.net.au +61 8 9321 2644 +61 8 9321 2644 www.helix.net.au
Slide 23: Appendix A: Mineral Resource estimates
APPENDIX A Mineral Resource estimates For personal use only Cobar Gold (November 2019) (0.4g/t Au cut-off) Collerina Copper CZ (June 2019) (0.5% Cu cut-off) Classification Type Tonnes Cu Au Cu Au Mt % g/t t oz Indicated Oxide / Transitional 0.17 1.1 0.0 1,900 200 Inferred Oxide / Transitional 0.46 0