Helix Resources Limited · ASX:HLX
Helix Resources — Cobar Region Exploration and Mining Conference 2012
24 slides from Helix Resources's conference presentation, Dec 4, 2012
Slide 1: Helix Resources Limited: Gold, Copper, Iron Ore in Australia and Chile
Helix Resources Limited Gold, Copper, Iron Ore in Australia and Chile 4 December 2012 For personal use only The Company Announcements Platform Australian Securities Exchange Dear Sirs, PRESENTATION TO COBAR MINING CONFERENCE I attach a presentation given by our Exploration Manager, Mr Craig Johnson,
Slide 2: We've Found The Field... How To Find The Goalposts?
Helix Resources Limited For personal use only “We’ve Found The Field…..How To Find The Goalposts?”
Slide 3: Disclaimer
Disclaimer For personal use only Competent Person’s Statement The information that relates to Exploration Results, Mineral Resources or Ore Reserves on these projects is based on information compiled or reviewed by Mr C Johnson who is a full time employee of Helix Resources Limited and a Member of t
Slide 4: Company Overview
Company Overview For personal use only Listed on ASX: HLX - May 1986 Shares on issue: 204 Million (Top 20 Shareholders - 51%) Listed Options: 36 Million (exercise at 1.5c, expiring 30/09/2014) Market Capitalisation: $8M Cash at 30 September 2012: $3.1M ($0.9M Committed to Olary Fe Project) Directors
Slide 5: Project Locations Focus & Managed
Legacy/Divestments Project Locations Focus & Managed For personal use only Australia Chile Qld Uralla (Au/Cu) Projects (Au/Cu) Joshua (Cu/Au) Hado (Cu/Au) Huallillinga (Cu/Au) Yalleen JV (Fe) Incl. Blanco Y Negro Tunkillia JV (Au) Central NSW Olary (Fe) Copper / Gold Perth Head Office: Technical Dir
Slide 6: Helix's NSW Exploration Strategy
Helix’s NSW Exploration Strategy For personal use only Why Central NSW o Operating Mines & Advanced Projects o Good Infrastructure o Strong History of Discovery & Mining for Cu/Au o Under Explored X Operating Mines X Advanced Projects Helix EL’s (Includes JV’s) Significant Regional Lease Holders
Slide 7: Exploration Methods
Exploration Methods For personal use only WESTERN PROJECTS EASTERN PROJECTS Western Projects – Au +/- Cu Eastern Projects – Cu +/- Au
Slide 8: Exploration Methods (continued)
Exploration Methods (continued) For personal use only o Templates (Restdown JV, Canbelego JV) o Detailed Aeromagnetics (inversions and forward models) o Quad Auger Soil OR Hydraulic Auger Geochemistry (in lieu of RAB/Aircore) o Drilling (RC, consider Diamond Core where appropriate – DHEM readily pro
Slide 9: Detailed Aeromagnetics
Detailed Aeromagnetics Locate & describe structure, stratigraphy & alteration For personal use only framework
Slide 10: Soil Geochemistry
Soil Geochemistry For personal use only o Consistent sample media Transported Loam o Appropriate assay methods o Regional pattern sampling and reference samples. Quartz Lag Layer Zone targeted with Soil Auger Sampling -40# sieved fraction to reduce “spikey” assay results Rock-Soil Interface Weathere
Slide 11: Principal Findings: Resources Identified
Principal Findings For personal use only Resources Identified o Restdown JV – Inferred Resource 2.6Mt @ 1.2g/t Gold o Canbelego JV – Inferred Resource 1.5Mt @ 1.2% Copper
Slide 12: Sunrise Prospect Section 13150N
HRRCO27 HRRCO26 HRRCOOs. HRRCO2S | 16m@o.3g/tAu | } Ind. 1m @ 2.2g/t | (Off section) | SRS ST eee 4 HRRCOO? 6m @ 0.5g/t Au 22m @ 1.6g/t Au Ind. 13m @ 2.6g/t 3m @ 0.8g/t Au a 25m V=H Sunrise Prospect Section 13150N 26m @ 0.82/t Au Incl. 5m @ 2.6g/t 41m @ 2.2g/t Au Ind. 18m @3.1g/t & 5m @ 5.1g/t 48m @
Slide 13: Canbelego Mine Prospect: Long-section
Canbelego Mine Prospect: Long-section Historic Shaft For personal use only NW 28m @1.1 12m @1.5 SE 16m @1.1 17m @0.5 4m @2.4 OPEN 12m @1.5 4m @0.8 Base of 22m @1.0 Oxidation 17m @1.0 Modelled 12m @1.7 6m @2.0 EM Plate 7m @ 2.8 6m @0.8 19m @1.1 OPEN 12m @1.2 4m @1.1 High Grade High Grade Plunge Plung
Slide 14: Principal Findings (Continued)
Principal Findings (Continued) For personal use only o Boundary Prospect – 70m at 1.1g/t Au, >6g/t rock chip at surface o Sunrise NE Prospect – 22m at 0.2g/t Au and 15m at 0.2g/t Au o Caballero Prospect – 72m at 0.14% Cu, EM anomalies to South o Amity’s Reward Prospect – 11g/t and 26g/t Au rock chip
Slide 15: Sunrise & Good Friday Deposits soil geochemistry map
Snelson's South 2 eS Legend Au PPB in soils * <2.5ppb * 25-4 © 4-7 @ 7-12 @ = >12ppb Au ote * = Priority drill targets [J HLX mineral titles (incl. JV's) |, “a. 8 2 Kilometres if Sunrise & Good Friday Deposits 2.6Mt @ 1.2g/t Au -100koz (Inferred) \ ‘) a \ it
Slide 16: LS Epithermal Style Au and Base Metal (Cobar Style)
Principal Findings (Continued) For personal use only LS Epithermal Style Au and Base Metal (Cobar Style) Hybrid Systems Dominate in the Western Projects o Early LS Epithermal & “shallow water VMS” environment o Inversion related sulphide mobilisation/modification (Cobar Style where base metal reserv
Slide 17: Evidence for VMS Style Copper Systems in Eastern Projects
Principal Findings (Continued) For personal use only Evidence for VMS Style Copper Systems Dominates in the Eastern Projects o Abundant sub-crop of exhalative lithologies identified o Geophysical Signature of exhalites identifiable under cover o Possible volcanic centres identified and modelled for
Slide 18: Hybrid Copper
For personal use only Hybrid Copper
Slide 19: Epithermal Gold
Epithermal Gold For personal use only Scale bar =~10cm
Slide 20: VMS
VMS For personal use only Quanda Prospects Rock Chips (Max values 0.48%Cu, 0.5g/t Au, 15ppm Sb scale bar =~5cm
Slide 21: Ongoing Approach
Ongoing Approach For personal use only Regional to Local Scale Geochemistry and Geology o Incorporate Portable XRF to accelerate Prospect advancement and reduce costs o Increasing use of hydraulic auger for deep sampling Regional to Local Scale Geophysics o Increased Use of Electrical Geophysics - i
Slide 22: NSW Snap Shot
NSW Snap Shot Using technical skills to establish path to success For personal use only Oxley/Helix has a large tenement holding (2,500km²), Effective and Successful Exploration Model Cost Effective Approach (3 year program) Making greenfield discoveries in under-explored terrane
Slide 23: Mineral Asset Snapshot
Mineral Asset Snapshot For personal use only HELIX Managed Projects NSW COPPER/GOLD PROJECTS • GIRLAMBONE WEST (Cu +Au), GIRLAMBONE EAST (Cu) HLX 100% • RESTDOWN GOLD JV HLX earning 70% • CANBELEGO COPPER JV HLX 51%, earning 70% • 1.5Mt @ 1.2% Cu inferred resource CHILE HELIX 100% • JOSHUA (Cu/A
Slide 24: Thank You
For personal use only Thank You
Helix Resources — Cobar Region Exploration and Mining Conference 2012 on 6ix