Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (February 2021)
29 slides from Helix Resources's investor presentation, Feb 18, 2021
Slide 1: Metals for the times: Copper & Gold
Metals for the times Copper & Gold February 2021 10-Yr Gold Price 5-Yr Copper Price Mike Rosenstreich Managing Director
Slide 2: Important Notices
IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement The information in this announcement that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr M Wilson who is a full time e
Slide 3: Investment Snapshot
INVESTMENT SNAPSHOT STRONG COPPER FUNDAMENTALS Increased demand forecast from uptake into EV’s and renewable energy transition underpinned by stimulus infrastructure construction 20% increase in copper price over the past 6 months PROSPECTIVE NEIGHBOURHOOD Cobar – well endowed copper (& gold)
Slide 4: Strategy
STRATEGY The ‘right’ metals in the ‘right’ neighbourhood to underpin a strong business case
Slide 5: Helix's Strategy Is Focused on Copper & Gold
HELIX’S STRATEGY - “Metals for the times” - strong Fundamentals for Copper and Gold IS FOCUSED ON COPPER & GOLD Copper Gold World Copper Supply and Demand Model 2019 - 2030 The ‘right’ metals; 28 Based on S&P Global Markets Data Jan 2021 1.00 27 0.50 - Copper leveraged to 26 0.00 renewable energy 25
Slide 6: Strategy Is Focused on the Cobar Region
STRATEGY IS ENDEAVOR LEAD/ZINC4 TRITTON COPPER OPERATIONS1 25kt Cu pa FOCUSED ON THE C&M Sandfire (ASX:SFR) JV COBAR REGION CSA MINE2 49.9kt Cu pa MT BOPPY GOLD5 The ‘right’ Planned - 24koz Au neighbourhood - high PEAK GOLD OPERATIONS3 value exploration 46.6koz Au, 12.1kt Pb, 6.7kt Zn, 6.3kt Cu pa p
Slide 7: Helix's Strategy Within the Premier Cobar Mineral Region
HELIX’S STRATEGY Objective: Build Helix shareholder value LEGEND WITHIN THE focusing on Cobar and Copper. HLX Prospects PREMIER COBAR Regional Prospects Cobar, NSW MINERAL REGION Implementation: Production Centres Copper Strategy Pursue exploration ― Build resource inventory Endeavor (Base Metals)
Slide 8: Corporate Snapshot
CORPORATE SNAPSHOT ASX CODE HLX 12 MONTHS TO 15 Feb 2021 SHARE PRICE GRAPH (ASX:HLX) 0.0225 50.0 Share price (at 15 Feb 2021 close) A$0.010 45.0 0.02 Post T1 of Placement 974 M 0.0175 40.0 Shares on issue Post T2 of Placement* 1,094M 35.0 Share Price - Close (A$/share) 0.015 Volume Traded (M) 30.0 U
Slide 9: Directors & Management
DIRECTORS & MANAGEMENT Peter Lester Mike Rosenstreich Tim Kennedy Jason Macdonald Mick Wilson Mining Engineer Geologist Geologist Lawyer Geologist Non Executive Chairman Managing Director Non Executive Director Non-Executive Director General Manager - Geology Mr Lester has over 40 years Mr Rosenstre
Slide 10: Copper
COPPER Good progress on cracking the regional and structural ‘copper code’ – now focus on accelerating rate of discovery and resource growth to underpin a copper business case.
Slide 11: Three Advanced Copper Projects Within a Well Established Production Region
THREE ADVANCED 1. The Collerina Project: COPPER PROJECTS The Central Zone (CZ) Mineral WITHIN A WELL Resource of 2 MT at 2% Cu1 ESTABLISHED Lateral and down-plunge CZ PRODUCTION extensions Avoca Tank (Au) LEGEND HLX Prospects REGION Tindalls, Yathella and Widgelands N Murrawombie (Cu) Regional
Slide 12: Collerina Copper Project: Major regional copper trend
COLLERINA COPPER PROJECT Major regional copper trend Multiple prospects identified across three 490000mE 500000mE 510000mE priority target zones within the main 25km Collerina Copper Trend: Widgelands NE Emerging Prospect Defined by anomalous soil, geophysical signatures and rock chip assays 25km
Slide 13: Collerina Copper Project
COLLERINA CZ deposit: high-grade results include 11m at 6.6% Cu, 12m at 5.0% Cu, 14m at 4.0% Cu and 10m at 3.7% Cu1 COPPER PROJECT Initial CZ Indicated and Inferred Mineral Resource estimate (June 2019): 2.02 Mt at 2.03% Cu and 0.1g/t Au for 40kt copper and 9.4koz gold; almost 50% Indicated cate
Slide 14: Collerina Copper Project: Geological model – proving up
COLLERINA COPPER PROJECT Geological model – proving up Extensions to high grade resource – current thinking: High-grade CZ shoot defined by north-east plunging fold axis Geological modelling based on drill intercepts and modelling of EM1 data has identified possible parallel plunging shoots – re
Slide 15: Collerina Copper Project: Advancing to feasibility study
COLLERINA COPPER PROJECT Advancing to feasibility study Resource Growth Numerous zones identified for infill and extension drilling for potential open pit and underground developments Modelling and DHEM1 confirmed the presence of high-priority Northern Fold- Hinge and Southern Fold Hine target z
Slide 16: Rochford Trend
ROCHFORD TREND Newly extended, large scale copper trend Rochford Trend ~15km trend extending SE from Canbelego Outlined by regionally anomalous soil geochemistry, geophysical signatures and prospective geology Canbelego at northern end is a defined copper-gold deposit1 Bijoux Prospect at sou
Slide 17: Bijoux – Rochford Trend
BIJOUX – ROCHFORD TREND Success in first scout holes BJRC001 BJRC002 BIJOUX PROSPECT Bijoux Prospect Sub-cropping ironstone Copper in auger Soil anomaly (red) 1.7km x 700m copper in soil anomaly Mid/Late Channel Outcropping anomalous gossan MLEM Anomaly (Channel 33) Helix drilled 4 scout holes
Slide 18: Gold
GOLD Exploring for large deposits, but with small ‘footprints’ - lots of ‘smoke’ to see through and focus in on emerging ‘hot’ targets.
Slide 19: Cobar Gold Project: Emerging gold field
COBAR GOLD PROJECT Emerging gold field Comparison of Helix’s Cobar Project with Peak Gold Trend Known province for large scale and high grade gold deposits e.g. Peak and Mt Boppy Helix has a large gold- prospective ground position of ~600 km2 Comparable geological setting to nearby 4Moz Peak Gol
Slide 20: New gold targets – seeing through the smoke
COBAR GOLD PROJECT New gold targets – “seeing through the smoke’ Existing Inferred Oxide Mineral Resource (from surface) NORTHERN FOLDNOSE – 3.75Mt at 1g/t Au for 118koz Gold (incl. 55koz at 2g/t Au)1 TARGET AREA Battery Tank Prospect – wide zones of gold mineralisation; – 43m at 2.3 g/t Au from
Slide 21: Other Prospects
OTHER PROSPECTS Chile exploration; seeking to commercialise 100% owned copper prospects.
Slide 22: Chile Projects – Samuel and Joshua
CHILE PROJECTS – SAMUEL AND JOSHUA Large scale porphyry and manto copper targets 100% ownership of 3 highly prospective early-stage copper (and gold) projects in an accessible, low-elevation area in Chile Blanco Y Negro: a historical mine with an Indicated and Inferred Mineral Resource of 1.5 mt a
Slide 23: 2021 Work Program
2021 WORK Accelerated work program for 2021 PROGRAM COPPER Infill and extensional drilling of CZ and Canbelego copper resources1 Discover, grow Large scale geophysical surveys; EM data is a critical discovery tool. Extend coverage of and advance regional scale Rochford and Collerina trends coppe
Slide 24: Planned Work Program Timeline
PLANNED WORK Heli-VTEM survey ~ 2,000 line km over Rochford and Collerina PROGRAM Copper trends TIMELINE Q1 2021 Surface EM and DHEM surveys for drill targeting Surface geochem sampling – for target definition Systematic Drilling – Canbelego & CZ deposit areas – extensional & infill pipeline
Slide 25: Investment Summary: Key Value Drivers
INVESTMENT SUMMARY Key Value Drivers DISCOVERY Existing high-grade copper resources – opportunities for major growth by extensional Motivated, drilling experienced Large scale prospective regional trends with emerging new copper prospects with little or no drilling – add value through systematic
Slide 26: Contact
CONTACT MIKE ROSENSTREICH 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 27: Appendix A: Mineral Resource estimates
APPENDIX A Mineral Resource estimates Collerina Copper CZ (June 2019) (0.5% Cu cut-off) Cobar Gold (November 2019) (0.4g/t Au cut-off) Classification Type Tonnes Copper Gold Contained Copper Contained Gold Deposit Classification Type Tonnes Gold Contained Gold Mt % g/t t Oz Mt g/t Oz Indicated Oxide
Slide 28: Appendix B: Cobar Gold Target Model
APPENDIX B – COBAR GOLD TARGET MODEL Only just scratched the surface… Current Mineral Resource is in oxide material in upper 150m. Regionally, gold and base metal deposits have 1600m significant depth extents. Initial prospects focused on assessing potential around historic high-grade workings
Slide 29: Appendix C: Regional Producers & Deposits
APPENDIX C – REGIONAL PRODUCERS & DEPOSITS References TRITTON COPPER OPERATIONS1 HERA GOLD/BASE METALS3 Produces 25kt Cu pa Produces 45koz Au pa Ore Reserves 5.7Mt @ 1.5% Cu Ore Reserves 1.2Mt @ 1.4g/t Au, 3.0% Pb, 4.7% Mineral Resources 17.5Mt @ 1.5% Cu Zn, 38g/t Ag Aeris Resources 2020 A
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