Helix Resources Limited · ASX:HLX
Helix Resources — RIU Conference (February 2023)
29 slides from Helix Resources's conference presentation, Feb 15, 2023
Slide 1: High Grade Cobar Energy Metals: Copper, Nickel & Cobalt
For personal use only HIGH GRADE COBAR ENERGY METALS COPPER, NICKEL & COBALT Cobar – the Niyama first-nations word for copper, meaning 'red earth' or 'burnt earth’ Meet the team at Booth 5
Slide 2: Acknowledgement of Country
For personal use only AKNOWLEDGEMENT OF COUNTRY We acknowledge the Traditional Custodians of the lands that we are meeting on here today and the lands on which we undertake our exploration activities. We acknowledge and pay our respects to our Aboriginal and Torres Strait Islander colleagues joining
Slide 3: Important Notices
IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited For personal use only Competent Persons Statement Forward Looking Statements The information in this report that relates to exploration results, Mineral Resource estimates and This presentation may includ
Slide 4: HLX Snapshot
HLX For personal use only SNAPSHOT ~A$8.6m cash > 2,000km2 of highly Copper resources1 prospective ground in Canbelego (1.5Mt at 1.2% Cu) STRATEGIC VALUE Cobar region, NSW and CZ (2Mt at 2% Cu) Focused, active copper discovery company Nickel-cobalt Strategic location - to existing Locally based, ful
Slide 5: A Prolific Copper Region
TRITTON 560kt Cu, 3Moz For personal use only Ag & 250koz Au ENDEAVOR 1.6Mt Zn, 1.0Mt Pb & 47Moz Ag CSA MINE COBAR 1.5Mt Cu, 27Moz Ag & 491kt Zn A PROLIFIC COPPER REGION PEAK MINE 2.7Moz Au, 6.6Moz Ag, 350kt Cu & 430kt Pb-Zn HOMEVILLE NICKEL- Focussed solely on the CANBELEGO COPPER COBALT DEPOSIT Cob
Slide 6: A Prolific Copper Region: Infrastructure
TRITTON BASE METALS PLANT ENDEAVOR BASE NOTE: Cu GRADES For personal use only METALS PLANT Reserve grade – 1.4% Cu (C&M) Resource grade – 1.5% Cu CSA BASE METALS PLANT NOTE: Cu GRADES COBAR Reserve grade – 3.8% Cu & 16 g/t Ag A PROLIFIC Resource grade – 5.4% Cu & 21 g/t Ag COPPER REGION PEAK GOLD HO
Slide 7: Copper in Cobar: Untested Regional Potential
For personal use only COPPER IN COBAR VTEM Data UNTESTED REGIONAL POTENTIAL Copper resources & high-priority targets on major regional trends 3 MERYULA TREND Large land position of ~2,200km2: 1 ROCHFORD TREND Western tenement group Eastern tenement group Three Major regional scale copper trends:
Slide 8: Rochford Trend
1 ROCHFORD TREND For personal use only HIGHLY PROSPECTIVE FOR ‘COBAR-STYLE’ DEPOSITS CANBELEGO COPPER DEPOSIT 1.5Mt at 1.2% Cu The Rochford Trend GREATER • Advanced Canbelego Project (70% HLX) CANBELEGO AREA • Prospects • Regional Targets (100% HLX) Exploration Model – ‘Cobar style’ deposits Small
Slide 9: Rochford Trend: Greater Canbelego Area
1 ROCHFORD TREND For personal use only GREATER CANBELEGO AREA GREATER CANBELEGO AREA (AERIS JV) Extensive copper-in-soil anomaly LONG-SECTION Canbelego Main Lode • 2010 – Inferred Resource 1.5Mt at 1.2% Cu1 Western Lodes • West Lode CBW2 CANBELEGO MAIN LODE • Multiple lode positions verified by rece
Slide 10: Canbelego Main Lode Long Section
400m 1 ROCHFORD TREND 9m at 2.5% Cu Incl. 3m at 4.6% Cu For personal use only 16m at 1.1% Cu CANBELEGO MAIN LODE Incl. 4m at 1.9% Cu 16m at 3.2% Cu 0 to 200m 2010 Mineral (LONG SECTION) 18m at 0.9% Cu Incl. 11m at 4.6% Cu Resource Incl. 3m at 2.1% Cu 10m at 2.0% Cu “Cobar-style, small foot print, 13
Slide 11: Hole 16C Intersects Copper at Canbelego
1 ROCHFORD TREND For personal use only CANBELEGO MAIN LODE Hole ‘16C’ intersects copper at Canbelego Conductive Target Position” [7 Feb 20231] • 14m of copper mineralisation intersected from 594m downhole (CANDD016C)2 • Style and intensity of chalcopyrite mineralisation is similar to intercepts appr
Slide 12: Canbelego Main Lode: Resource Growth Potential
1 ROCHFORD TREND 9m at 2.5% Cu Incl. 3m at 4.6% Cu For personal use only 16m at 1.1% Cu CANBELEGO MAIN LODE Incl. 4m at 1.9% Cu 16m at 3.2% Cu 0 to 200m Incl. 11m at 4.6% Cu 2010 Mineral 18m at 0.9% Cu Resource Incl. 3m at 2.1% Cu 10m at 2.0% Cu Resource Growth Potential: 13m at 1.5% Cu 10m at 1.6%
Slide 13: Rochford Trend: Planned Activities CY2023
1 ROCHFORD TREND For personal use only PLANNED ACTIVITIES CY2023 CANBELEGO COPPER DEPOSIT 1.5Mt at 1.2% Cu Canbelego Project (Advanced) GREATER • Resource definition drilling – Feb-April CANBELEGO AREA • Mineral Resource estimate (update) – June Qtr. • Drill test – Western Lode Prospects - May-June
Slide 14: Copper in Cobar: Untested Regional Potential
COPPER IN COBAR For personal use only UNTESTED REGIONAL POTENTIAL South, along trend from Aeris Resources’ (ASX:AIS) Tritton Copper Operations 2 Collerina Trend – 80 km Homeville Ni-Co Deposit 18mt at 0.9% Ni & .06% Co CZ Copper Deposit 2mt at 2.0% Cu &0.1 g/t Au
Slide 15: Collerina Trend
2 COLLERINA TREND For personal use only Tritton Process Plant (AIS) LARGE, STRATEGIC GROUND POSITION – 100% HLX South, ‘along-trend’ from Tritton deposits Advanced Copper Project: • CZ copper deposit – 2.0Mt at 2.0% Cu1 Regional Targets: • Historical targets – never followed up Homeville Ni-Co Depos
Slide 16: Collerina Trend: CZ Copper Deposit
2 COLLERINA TREND For personal use only CZ COPPER DEPOSIT1 CZ DEPOSIT • CZ Geological model currently being updated Schematic Long Section • Clear similarities to Tritton & Constellation Deposits Looking North • Latest discovery is Constellation (by VTEM in Dec 2019) current Resource 6.7mt at 1.9% C
Slide 17: Collerina Trend: CZ Copper Deposit Mineralisation
2 COLLERINA TREND For personal use only 6m at 0.2% Cu CZ COPPER DEPOSIT1 32m at 0.6% Cu incl. 4m at 1.2% Cu Significant high-grade sulphide & ‘oxide’ (blue) 11m at 6.6% Cu copper mineralisation discovered: 14m at 4.0% Cu 3.2m at 3.1% Cu • +1,200m long CZ sulphide zone1 (White labels) – open down plu
Slide 18: Collerina Trend: Huge Regional Potential
2 COLLERINA TREND For personal use only Tritton Process Plant (AIS) HUGE REGIONAL POTENTIAL South, ‘along-trend’ from Tritton deposits Regional Targets: • >80 ‘strike’ km of prospective copper trend • New VTEM data – identifying new targets and confirming historical prospects Homeville Ni-Co Deposit
Slide 19: Nickel-Cobalt Asset Commercialisation
3 NICKEL-COBALT ASSET For personal use only COMMERCIALISATION NI-CO PROSPECT AREA • Significant Ni-Co assets on HLX tenements Homeville Ni-Co Deposit • Ionick Metals Ltd – holding company for 18mt at 0.9% Ni & .06% Co consolidation of Ni-Co assets and potential IPO Nyngan Nickel-Cobalt Project (NNCP
Slide 20: NNCP: Many Prospects with High-Grade Drill Hits
NNCP Greenblatt 3 10m at 0.8% Ni, 0.17% Co For personal use only 7m at 0.7% Ni & 0.63% Co MANY PROSPECTS WITH 4m at 0.6% Ni & 0.3% Co HIGHGRADE DRILL HITS1 Excellent nickel & cobalt grades – focus is to find more tonnes! Lewis Excellent Exploration Upside eg: 20m at 0.6% Ni, 0.02% Co 8m at 0.8% Ni &
Slide 21: NNCP: Developing an Independent Business Plan
3 NNCP For personal use only Ni (Eq) Contained Metal (Kt) Project Owner Location DEVELOPING AN Grade Nickel Cobalt INDEPENDENT NiWest ASX:GME WA 1.16% 5,879 384 BUSINESS PLAN Central Musgraves ASX:NC3 WA 1.05% 878 55 Comparison with Australian emerging Homeville ASX:HLX NSW 1.01% 160 10 Ni-Co projec
Slide 22: Sustainability: Getting Set-Up Early
SUSTAINABILITY Highlights and Achievements: • Baseline ESG Disclosure Report published - GETTING SET-UP EARLY reporting against the WEF Stakeholder For personal use only Capitalism Metrics Helix has a strong ‘Sustainability Platform’ including sound ESG inputs • Community Engagement - Engaged a Comm
Slide 23: Corporate Snapshot
HLX BOARD & MANAGEMENT KEY SHAREHOLDERS SHAREHOLDERS (estimate) Peter Lester (Mining Eng./BD) (3 Feb 2023) Non-Executive Chairman BPM Investments Limited For personal use only SNAPSHOT Mike Rosenstreich 5.2% (Geo./ Banker) Yandal Investments Pty Ltd 24% Managing Director 2.23% CORPORATE Kylie Prende
Slide 24: Expenditure Plan and Near-term News-flow
EXPENDITURE PLAN For personal use only Planned expenditure1 of ~$7M to end of CY2023 Near-term news-flow: • Orange based Exploration Team of 5 FT and 3 PT Geologists Canbelego Main Lode + Field Technicians • Deep drilling; visual results - Feb (ongoing) • >50% on Direct Drill costs & c.90% on Explor
Slide 25: Investment Summary
STRATEGIC LOCATION For personal use only >2,000km2 prospective land Many processing options EXISTING CORPORATE STRONG LONG-TERM COPPER DEMAND COPPER RESOURCES PERSPECTIVES OUTLOOK With significant growth potential INVESTMENT SUMMARY HLX offers investors rare leverage to copper exploration success fo
Slide 26: Contact
For personal use only CONTACT MIKE ROSENSTREICH Managing Director helix@helixresources.com.au 78 Churchill Avenue, Subiaco WA 6008 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 27: Appendix A: Mineral Resource Estimates
APPENDIX A MINERAL RESOURCE ESTIMATES For personal use only Collerina Copper CZ (June 2019) (0.5% Cu cut-off) COLLERINA ASX EXPLORATION REPORTS For full details of exploration results refer to Helix ASX releases Classification Type Tonnes Mt Copper % Gold g/t Contained Copper t Contained Gold Oz All
Slide 28: Appendix B: Key Personnel
APPENDIX B KEY PERSONNEL For personal use only Peter Lester Meagan Hamblin Non-Executive Chairman, Mining Engineer Chief Financial Officer Mr Lester has over 40 years' experience in the mining industry and has held Meagan Hamblin is a Director of Meridian Corporate Consultants with senior executive
Slide 29: Appendix C: Regional Producers & Deposits
APPENDIX C REGIONAL PRODUCERS & DEPOSITS For personal use only TRITTON COPPER OPERATIONS1 ENDEAVOR LEAD/ZINC4 • Refer Group Report on Mineral Resources & Ore Reserves 15 • Currently Care & Maintenance November • https://www.cbhresources.com.au/endeavor-mine/ • https://www.aerisresources.com.au/ MT B