Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (February 2019)
29 slides from Helix Resources's investor presentation, Feb 12, 2019
Slide 1: Helix Resources
Helix Resources Copper focused – Quality Acreage – Active Exploration Program
Slide 2: 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 Actively Exploring: Focussed programs delivering strong news-flow, with projects entering pivotal stag
Slide 3: Helix Resources – 2019 Snapshot
HELIX RESOURCES – 2019 Snapshot Focussed exploration - Quality Addresses – Value Drivers Emerging Geological and Structural Review Driving Exploration Strategy – Confirmed Helix’s projects have provenance and potential scale – Review prioritised targets for advancing at Prospect and Project Scale wi
Slide 4: Helix Resources – 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 – Sustained demand growth and new demand sources (renewables, batteries, EVs, etc) – Industry wide grade declines, resource depletion and underinvestment in n
Slide 5: Corporate Overview
CORPORATE OVERVIEW Clean capital structure with a tight register ASX Code HLX Issued Shares 424 million Unlisted Options 19 million (Directors, Management & Staff) Market Cap @ A$0.025ps $11.5m Cash @ Dec’18 $1.5m Enterprise Value $10m Major Shareholders % DIRECTORS Yandal Investments 8% Peter Leste
Slide 6: Collerina Copper Project
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 150km long fertile copper belt – Aeris Resources’ Tritton operations – north – Mincor Resources’ Tottenham deposits – south Typical district mining operation (eg Tritton mine) – High tenor min
Slide 8: Collerina Copper Deposit – New geology and structural interpretation
COLLERINA COPPER DEPOSIT The new geology and structural interpretation – Refined EM Targeting Schematic Plan 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 @ 7.0% Cu 5m @ 4.3% C
Slide 9: Collerina Copper Deposit – Immediate drill success
COLLERINA COPPER DEPOSIT The new geology and structural interpretation - Immediate drill success Exploration breakthrough at depth gives Collerina scale and confidence to continue drilling EM related plunge targets REMAINING DRILL ASSAYS DUE IN FEBRUARY www.helixresources.com.au I 9
Slide 10: Collerina Copper Deposit – Immediate drill targets
COLLERINA COPPER DEPOSIT Immediate drill targets: Strong DHEM Conductors near new intercepts Example of Cu- sulphide bands thickening in Collerina core 1cm “Near Misses” being followed-up with successful drilling and improved hit rates. • Drilling Underway www.helixresources.com.au I 10
Slide 11: Collerina Copper Deposit – Regional Comparison and Context
COLLERINA COPPER DEPOSIT Regional Comparison and Context Attributes Tritton Mine (in Production) Collerina Deposit Initial Resource 14Mt @ 2.7% Cu, 0.3g/t Au Scale Emerging from (380,000t contained Cu) Exploration Breakthrough Mineralisation Massive & Banded Sulphide Massive & Banded Sulphide Chalco
Slide 12: Regional Opportunities – VMS big picture: potential clusters
REGIONAL OPPORTUNITIES - COLLERINA COPPER The VMS big picture: potential cluster occurrences • Helix controls 85km of the prospective VMS Belt • To date limited exploration has been conducted on the wider Project Area • Multiple prospects identified across 3 priority target zones within the 25km “Co
Slide 13: Regional Opportunities – Regional Targets Emerging
REGIONAL OPPORTUNITIES - COLLERINA COPPER The VMS big picture: Regional Targets Emerging • Yathella Prospect – Compelling similarities to YARC003 Collerina Deposit, prior to drill discovery YARC001 • Originally identified in 2017 YARC002 VTEM survey. • Robust +80ppm Copper-in- soil anomaly (peak val
Slide 14: Regional Opportunities – The VMS big picture: Yathella
REGIONAL OPPORTUNITIES - COLLERINA COPPER The VMS big picture: Yathella www.helixresources.com.au I 14
Slide 15: Regional Opportunities – Yathella Drill Ready
REGIONAL OPPORTUNITIES - COLLERINA COPPER The VMS big picture: Yathella Yathella Target - Drill Ready • Drilling Approved • Rig Available • Phase 1 = 4 RC holes + DHEM Surface Gossan www.helixresources.com.au I 15
Slide 16: Collerina Copper Investment Thesis
COLLERINA COPPER INVESTMENT THESIS District Opportunity: Emerging 4th Production Centre Active M&A, new discoveries, local producers gaining market traction and new entrants. • AMI purchased Peak Gold Mine 1H18 from NewGold, purchase paid off in 3 months. 1 3 • PEX discovery - Southern Nights deposi
Slide 17: Mundarlo
Mundarlo Targeting VMS-style base metal systems
Slide 18: Mundarlo (Earning 80%) – Large EM Conductor in new VMS belt
MUNDARLO (EARNING 80%) Large EM Conductor in new VMS belt Project background New exploration project – Helix earning in Located 20km SW of Gundagai NSW Targeting base metal mineralisation associated with a series of gossanous horizons within a NW trending volcano-sedimentary basin sequence J
Slide 19: Mundarlo – Bedrock EM conductor sulphide related
MUNDARLO (EARNING 80%) Bedrock EM conductor suphide related – Target is Large MURCDD004 Re-mobilised (?) copper noted in hanging wall rocks Massive and semi-massive sulphide in silica-rich unit - Interpreted Periphery of VMS www.helixresources.com.au I 19
Slide 20: Mundarlo – Large EM Conductor in new VMS belt
MUNDARLO (EARNING 80%) Large EM Conductor in new VMS belt • Geology and structural studies confirm VMS provenance • Strong off-hole conductors present • NSW Geological Survey assessing Mundarlo System in 1H19. www.helixresources.com.au I 20
Slide 21: Cobar Gold Project
Cobar Gold Project Large System Potential – Control of Entire Goldfield – More Regional Targets Emerging
Slide 22: Cobar Gold Project
COBAR GOLD PROJECT High Prospectivity in compelling geological setting Geological model refined: Evidence for a significant gold system 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 gold • 54m @ 1g/t Au from 9.2m i
Slide 23: Chile Divestments
Chile Divestments Retained exposure to large emerging copper projects in world-class jurisdiction
Slide 24: 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 have the potential to enhance project value from our Chilean copper assets. Joint Venture Underway at Joshu
Slide 25: Joshua Project – Large Scale Porphyry Copper Target
Joshua Project – Large Scale Porphyry Copper Target Helix Free-carried to BFS with retained 20% Equity Previous Drilling Molybdenite- Late quartz veins ‘epithermal’ in dacite base metal vein porphyry overprint Evolving Story from Current Program Copper bearing • Multiple Porphyry Phases Present – dy
Slide 26: 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 JOGMEC funded Phase 1 Program underway • Full coverage Drone Aeromagnetic survey completed, IP Survey underway www.helixresources.com.au I 26 • Field Structural Mapping and samp
Slide 27: Investment Thesis – A leading Australian exploration story
HELIX RESOURCES Investment Thesis- A leading Australian exploration story Strong presence in proven NSW mining camps, in under-explored areas Focussed exploration programs – dollars in the ground to create opportunities for value uplift Exploration breakthrough at Collerina driven by refined t
Slide 28: Important Notices
IMPORTANT NOTICES Disclaimer and Competent Persons Statement 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 proposal. It is not a comp
Slide 29: For further information
For further information: Mick Wilson Managing Director mick.wilson@helix.net.au +61 8 9321 2644 www.helixresources.com.au
Helix Resources — Investor Presentation (February 2019) on 6ix