Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (March 2022)
32 slides from Helix Resources's investor presentation, Mar 16, 2022
Slide 1: All-in on Copper in Cobar
For personal use only (ASX:HLX) Investor Presentation “All-in on Copper in Cobar” March 2022
Slide 2: Important Notices
IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement For personal use only The information in this report that relates to exploration results, Mineral Resource estimates and geological data for the Cobar projects is based on info
Slide 3: Investment Snapshot – Strategic Value
INVESTMENT SNAPSHOT – STRATEGIC VALUE ~A$13M RAISING TO FUND AGGRESSIVE EXPLORATION IN COBAR For personal use only > 2,000km2 of highly strategic, prospective ground in Cobar region Two existing copper resources1 – Canbelego (1.5Mt at 1.2% Cu) and CZ (2Mt at 2% Cu) ― Significant exploration pote
Slide 4: Equity Raising Overview
EQUITY RAISING OVERVIEW RAISING A$13M THROUGH A$11M PLACEMENT PLUS A$2M SPP For personal use only • 2 Tranche Placement to sophisticated, professional and other institutional investors to raise ~A$11m (“Placement”) • Tranche 1 of the Placement to raise ~A$3.8m via the issue of approximately 319.6m N
Slide 5: Indicative Timetable
INDICATIVE TIMETABLE For personal use only Key Event Date Record Date for Eligibility to participate in SPP 5:00pm WST 15 March 2022 Announcement of Equity Raising 16 March 2022 Settlement of Tranche 1 Placement Shares 23 March 2022 Allotment of Tranche 1 Placement Shares 24 March 2022 Dispatch SPP
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT ASX CODE HLX 12 MONTH SHARE PRICE & DAILY VOLUME GRAPH For personal use only Share price (11 March 22) $0.015 Shares (listed) 1,278M Options & Performance Rights (unlisted) 55.4M Market Cap. $19.2M Cash (31 Dec 21) $2.6M DIRECTORS & MANAGEMENT Peter Lester Non-Executive Chairman M
Slide 7: Cobar – A Prolific Copper Region
TRITTON COPPER OPERATIONS COBAR – A PROLIFIC COPPER REGION 584Kt Cu, 336Koz Au & 5Moz Ag in Resources. FOCUSSED SOLELY ON THE Production Guidance FY22 – 19Kt Cu COBAR REGION, NSW ENDEAVOR LEAD/ZINC4 For personal use only C&M MT BOPPY GOLD5 Planned - 24koz Au >2,000km2 landholding with existing resou
Slide 8: Copper in Cobar – Untested Regional Potential
COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL COPPER RESOURCES & HIGH-PRIORITY TARGETS ON MAJOR REGIONAL TRENDS For personal use only Two main tenement groups: ~2,160km2 Three Major regional scale copper trends: 1. Rochford Trend – 30 km 2 – Canbelego copper deposit1 2. Collerina Trend – 80 km 1 – T
Slide 9: Copper in Cobar – Untested Regional Potential
COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL COPPER RESOURCES & HIGH-PRIORITY TARGETS ON MAJOR REGIONAL TRENDS For personal use only Two main tenement groups: ~2,160km2 Three Major regional scale copper trends: 1. Rochford Trend – 30 km 2 – Canbelego copper deposit1 – 1.5Mt 1 at 1.2% Cu (JORC 2004)
Slide 10: What Are We Hunting For?
WHAT ARE WE HUNTING FOR? TARGET IS ‘COBAR- STYLE’ - LARGE SCALE, HIGH GRADE COPPER DEPOSITS Cobar style targets For personal use only Small ‘footprints’ but deep vertical extensions Strong structural geological controls on formation Typically occur in repeat parallel lodes Subtle structural
Slide 11: Rochford Trend – Highly Prospective for Cobar-Style Deposits
1. ROCHFORD TREND HIGHLY PROPSECTIVE FOR ‘COBAR-STYLE’ DEPOSITS A pipe-line of copper opportunities For personal use only Advanced Canbelego Project (70/30 HLX/Aeris JV): – Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004, Inferred) – Parallel lodes identified – visible copper sulphides out
Slide 12: Canbelego Main Zone – One of Several High-Grade Lodes?
1. ROCHFORD TREND CANBELEGO MAIN ZONE – ONE OF SEVERAL HIGH-GRADE LODES? Canbelego Main Zone For personal use only Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004, Inferred) Open to the north, and at depth 2021/22 drilling demonstrating Current Mineral high-grade shoots within a Resour
Slide 13: Copper Minerals in RC Drill Chips & Diamond Core
1. ROCHFORD TREND COPPER MINERALS IN RC DRILL CHIPS & DIAMOND DRILL CORE For personal use only Copper minerals clearly visible: yellow, brassy metallic lustre Chalcopyrite – CuFeS2 (copper sulphide mineral) With handheld XRF and geological logging of distinctive copper minerals – not as reliant on f
Slide 14: Recent Copper Mineral Intercepts into Emerging New Lodes
1. ROCHFORD TREND RECENT COPPER MINERAL INTERCEPTS INTO EMERGING NEW LODES1 Copper resource growth opportunities: For personal use only Extensions of the Main Zone Parallel lode positions verified by recent RC drilling1 – Canbelego Main Lode (CBM) - open to the north & at depth (see previous Lon
Slide 15: Emerging Prospects Along Trend from Canbelego
1. ROCHFORD TREND EMERGING PROSPECTS ALONG ‘TREND’ FROM CANBELEGO High Priority copper prospects, new growth opportunities: For personal use only Boppy Broken Hill VTEM anomaly Greater Canbelego (JV) Geochemical 3 VTEM anomalies anomaly Geochemical anomaly Undrilled Recent drill intercepts
Slide 16: Canbelego – High Grade Copper Targets
1. ROCHFORD TREND CANBELEGO – HIGH GRADE COPPER TARGETS For personal use only Canbelego and regional areas – will be main focus News & Activities – to June Assay results – Jan-Feb drill program Surface EM to confirm targets RC/DD drilling follow-up of RC drilling Follow-up Caballero and Bijo
Slide 17: South, Along Trend from Tritton Copper Operations
COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL SOUTH, ALONG TREND FROM TRITTON COPPER OPERATIONS For personal use only Three Major regional scale copper trends: 1. Rochford Trend – 30 km – Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004) 2 2. Collerina Trend – 80 km 1 – The Central Zone (CZ)
Slide 18: Targeting Tritton Style Deposits
WHAT ARE WE HUNTING FOR? TARGETING ‘TRITTON’ STYLE - LARGE SCALE, HIGH GRADE COPPER DEPOSITS For personal use only Tritton style targets • Geologically older (55Ma) than ‘Cobar’ Tritton Ops - 30 year production history at c. 25ktpa of Cu metal style and still has resources of 242kt Cu (Measured & In
Slide 19: Collerina Trend – Large, Strategic Ground Position
2. COLLERINA TREND LARGE, STRATEGIC GROUND POSITION – 100% HLX Advanced Copper Project: For personal use only – CZ copper deposit – 2.0Mt at 2.0% Cu1 – New shallow, high-grade ‘oxide-copper’ zone intersected from ~12-30m vertical depth at CZ – outside of existing resource Regional Targets: Large s
Slide 20: CZ Copper Deposit
2. THE COLLERINA TREND CZ COPPER DEPOSIT1 Significant high-grade sulphide & ‘oxide’ For personal use only copper mineralisation discovered: +1,200m long CZ sulphide zone1; intercepts include: 14m at 4.0% Cu 11m at 6.6% Cu 12m at 5.0% Cu 10m at 3.7% Cu 4m at 5.2% Cu 5m at 4.3% Cu 3.5m
Slide 21: Tritton to the North, CZ in Central Area
2. THE COLLERINA TREND TRITTON TO THE NORTH, CZ IN CENTRAL AREA - 80 STRIKE-KM ‘UNDER-EXPLORED’ For personal use only Follow-up work planned with a regional focus: Surface EM – Quanda & Fiveways Approved, regional scale auger-soil program over 40 strike-km of copper trend Drill traverses acros
Slide 22: Copper in Cobar – Unlocking Value
COPPER IN COBAR – UNLOCKING VALUE Focus for the next 12 months – moving copper For personal use only opportunities “up the Pyramid” Exploration objective – build copper inventory: For standalone operation – HLX ‘needs’ c.200kt contained copper in Mineral Resources Potentially – any scale of Reso
Slide 23: Corporate Re-Set
CORPORATE “RE-SET’ Helix “re-set” well advanced: For personal use only New management team New Cobar-copper focussed strategy Initial funding and work – ‘proof of concept’ Share register – update to build-in stability Board rejuvenation – add skills Focus for 2022 (now fully funded): Dri
Slide 24: Corporate Perspectives – Investment Summary
CORPORATE PERSPECTIVES – INVESTMENT SUMMARY RARE INVESTOR STRATEGIC LEVERAGE TO COPPER LOCATION For personal use only EXPLORATION SUCCESS >2,000km2 landholding in EXISTING FOCUSED ON COBAR STRONG LONG-TERM close proximity COPPER COPPER to existing RESOURCES DEMAND strategics OUTLOOK With significant
Slide 25: Contact
CONTACT MIKE ROSENSTREICH For personal use only Managing Director Helix@helixresources.com.au 78 Churchill Avenue, Subiaco WA 6008 PO Box 825, West Perth WA 6872 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 26: Appendix A – Mineral Resource Estimates
APPENDIX A - MINERAL RESOURCE ESTIMATES Collerina Copper CZ (June 2019) (0.5% Cu cut-off) Homeville Nickel-Cobalt (September 2018) Classification Type Tonnes Copper Gold Contained Copper Contained Gold Category Cut-off Tonnes Ni % Co % Fe % Al % For personal use only Mt % g/t t Oz Indicated Oxide/Tr
Slide 27: Appendix B – Regional Producers & Deposits
APPENDIX B – REGIONAL PRODUCERS & DEPOSITS TRITTON COPPER OPERATIONS1 Refer Annual Report 3 October 2021 ENDEAVOR LEAD/ZINC4 For personal use only updated with ASX Report 3 Aug 2021 Mineral Currently Care & Maintenance Resource & Ore Reserve Estimate June 2021 Tritton, Sandfire (ASX:SFR) ear
Slide 28: Appendix C – Risks Associated with the Company and the Offer
APPENDIX C – Risks associated with the Company and the Investment Offer (the Offer) 1. Introduction The Shares to be issued under the Offer are considered highly speculative. An investment in the Company is not risk free and the Directors strongly recommend potential investors to consider the risk f
Slide 29: Appendix C – Risks (continued)
APPENDIX C – Risks associated with the Company and the Investment Offer (the Offer) continued d) Additional Requirements for Capital The capital requirements of the Company depend on a number of factors. Depending on the ability of the Company to generate income from its operations, the Company may
Slide 30: Appendix C – Risks (continued)
APPENDIX C – Risks associated with the Company and the Investment Offer (the Offer) continued i) Operational risk The operations of the Company may be affected by various factors, including failure to locate or identify mineral deposits, failure to achieve predicted grades in exploration and mining,
Slide 31: Appendix C – Risks (continued)
APPENDIX C – Risks associated with the Company and the Investment Offer (the Offer) continued m) Native title and Aboriginal Heritage In relation to mineral tenements and mining properties which the Company has an interest in or will in the future acquire such an interest, there may be areas over wh
Slide 32: Appendix C – Risks (continued)
APPENDIX C – Risks associated with the Company and the Investment Offer (the Offer) continued c) Economic Risks General economic conditions, movements in interest and inflation rates may have an adverse effect on the Company’s activities, as well as on its ability to fund those activities. Further,