Helix Resources Limited · ASX:HLX
Helix Resources — Investor Presentation (June 2023)
30 slides from Helix Resources's investor presentation, Jun 6, 2023
Slide 1: Investor Briefing
INVESTOR BRIEFING 6 JUNE 2023
Slide 2: Copper is the essential critical metal and a supply deficit is looming
Copper is the ‘essential’ critical metal and a supply deficit is looming Energy transition needs copper; • Regardless of power source or battery chemistry • Only silver and gold are better conductors than COPPER DEFICIT copper…… “metals are the new oil”1 and copper is essential in generation, transm
Slide 3: With intense exploration, just one Copper Powerball
With intense exploration… just one Copper Powerball… Helix is: • Focused on making copper discoveries • Focused on the Cobar region – a renowned copper province The “Powerball Helix has ~$7M cash – to get Zone” onto a discovery pathway Helix has a locally based, experienced exploration team
Slide 4: Cobar: a prolific copper region
ENDEAVOR 1.6Mt Zn, 1.0Mt Pb & 47Moz Ag CSA MINE CANBELEGO COPPER COBAR A PROLIFIC 1.5Mt Cu, 27Moz DEPOSIT Ag & 491kt Zn TRITTON 560kt Cu, 3Moz Ag & 250koz Au COPPER REGION PEAK MINE 2.7Moz Au, 6.6Moz Ag, 350kt Cu & 430kt Pb-Zn Focussed solely on the Cobar Region, NSW HOMEVILLE NICKEL- Large landhold
Slide 5: Production pathways with local processing options
TRITTON BASE ENDEAVOR BASE METALS PLANT METALS PLANT NOTE: Cu GRADES COBAR (C&M) Reserve grade – 1.4% Cu Resource grade – 1.5% Cu CANBELEGO COPPER CSA BASE DEPOSIT A PROLIFIC METALS PLANT NOTE: Cu GRADES COPPER REGION Reserve grade – 3.8% Cu & 16 g/t Ag Resource grade – 5.4% Cu & 21 g/t Ag Productio
Slide 6: Copper in Cobar
Collerina Trend (new Extension2) COPPER IN COBAR Aeris Tritton Copper Tenements UNTESTED REGIONAL POTENTIAL Copper resources & high-priority targets on major regional trends Three Major regional scale copper trends: 11. Rochford Trend – 30 km Canbelego Mineral Resource1 3 MERYULA TREND 2 COLLERINA T
Slide 7: Copper in Cobar: Cobar experts
COPPER IN COBAR Helix is solely focused on Cobar region; “Cobar Experts” Strategy – aggressive target generation and testing to make new copper (& gold) discoveries 1Refer Appendix A for details on Mineral Resources 7
Slide 8: Locally based, highly experienced geological team
COPPER IN COBAR John Heavey (16 yrs.) Vladimir David (+40 yrs.) LOCALLY BASED, HIGHLY EXPERIENCED GEOLOGICAL TEAM Tapping into ~150 years of combined geological experience Juan Farias (4 yrs.) Morgan Stewart (4 yrs.) Gordon Barnes (+35 yrs.) Mike Rosenstreich (+35 yrs.) Joel Fitzherbert (+26 yrs.) J
Slide 9: Copper in Cobar: recent results, active tenements
Canbelego Deposit COPPER IN COBAR 2021 VTEM Survey RECENT RESULTS – ACTIVE TENEMENTS 2017 VTEM Survey Homeville Ni-Co Deposit Three Major regional scale copper trends: 3 MERYULA TREND 1. 1 Rochford Trend – 30 km 1 ROCHFORD TREND Canbelego Mineral Resource1 2.2 Collerina Trend – +100km The Central Zo
Slide 10: Rochford Trend
Black Range 1 ROCHFORD TREND Little Boppy HIGHLY PROSPECTIVE FOR 1 A M1 CANBELEGO Battery Tank ‘COBAR-STYLE’ DEPOSITS COPPER DEPOSIT1 1.5Mt at 1.2% Cu The Rochford Trend P2 B M4 Western Lodes • Advanced Canbelego Project (70% HLX) P1 A R13 Johns Hill • Prospects GREATER • Regional Targets (100% HLX)
Slide 11: Rochford Trend: Greater Canbelego Area
1 ROCHFORD TREND GREATER CANBELEGO AREA GREATER CANBELEGO AREA (HLX 70% & AERIS 30%) Focus of aggressive drilling by HLX since mid 2021 LONG-SECTION Canbelego Main Lode CANBELEGO MAIN LODE COPPER DEPOSIT • 2010 – Inferred Resource 1.5Mt at 1.2% Cu1 (Plan outline of 2010 Inferred Mineral Resource) We
Slide 12: Rochford Trend: Canbelego Main Lode
16m @ 0.9% Cu 16m @ 1.1% Cu 400m 1 ROCHFORD TREND 12m @ 1.5% Cu CANBELEGO MAIN LODE 0 to 200m 2010 Mineral “Cobar-style, small foot print, Resource great vertical continuity and high-grade…” 10m @ 1.2% Cu Canbelego Resource1,4 growth potential: 13m @ 1.5% Cu • 2010 Mineral Resource 1.5Mt at 1.2% Cu
Slide 13: Rochford Trend: Canbelego Main Lode
16m @ 0.9% Cu 16m @ 1.1% Cu 400m 1 ROCHFORD TREND 12m @ 1.5% Cu CANBELEGO MAIN LODE 0 to 200m 2010 Mineral “Cobar-style, small foot print, Resource great vertical continuity and high-grade…” 10m @ 1.2% Cu Canbelego Resource1,4 growth potential: 13m @ 1.5% Cu • 2010 Mineral Resource 1.5Mt at 1.2% Cu
Slide 14: Rochford Trend: Canbelego Main Lode
16m @ 0.9% Cu 16m @ 1.1% Cu 23m @ 0.8% Cu Incl. 3m @ 2.5% Cu & 6m @ 1.6% Cu 400m 25m @ 1.9% Cu Resource potential Incl. 9m @ 3.3% Cu & 3m @ 4.6% Cu 1 ROCHFORD TREND 8m @ 2.8% Cu Incl. 5m @ 2.4% Cu 12m @ 1.5% Cu 10m @ 1.6% Cu CANBELEGO MAIN LODE 16m @ 0.9% Cu Incl. 7m @ 1.5% Cu Incl. 7m @ 2.2% Cu 0 t
Slide 15: Canbelego Main Lode: Shallow
1 ROCHFORD TREND 25m @ 1.9% Cu CANBELEGO MAIN LODE - Incl. 9m @ 3.3% Cu & 3m @ 4.6% Cu SHALLOW 6m @ 0.8% Cu Incl. 2m @ 1.6% Cu High-grade copper zone from surface to >150m vertical depth1 10m @ 1.6% Cu • Historic intercepts – generally <1.5% Cu with no continuity to Incl. 7m @ 2.2% Cu any higher gra
Slide 16: Rochford Trend: regional work underway
In-fill Geochem Survey in Progress 1 ROCHFORD TREND REGIONAL WORK UNDERWAY BLACK RANGE TARGET – NEW TARGETS EMERGING Black Range Cu-Bi (In-Sn-W-Zn) Anomaly • 6 x 1.7km anomalous zone • Historic workings – rock chips to 2.6% Cu • 2021 airborne conductive anomaly (VTEM) Sth. Rochford Anomalies • New a
Slide 17: Copper in Cobar: Collerina Trend potential
COPPER IN COBAR EL Application 6614 May 2023 UNTESTED REGIONAL POTENTIAL South (and North), along trend from Aeris Collerina Trend Resources’ (ASX:AIS) Tritton Copper Operations Aeris’ Tritton Copper 2 The Collerina Trend Tenements • Advanced CZ Project (100% HLX) Homeville Ni-Co Deposit • Prospects
Slide 18: Collerina Trend
2 COLLERINA TREND Tritton Process Plant (AIS) LARGE, STRATEGIC GROUND Hermidale POSITION – 100% HLX Quanda South, ‘along-trend’ from Tritton deposits Honeybugle Greenblatt Advanced Copper Project: Widgelands • CZ – 2.0Mt at 2.0% Cu & 0.1 g/t Au1 Browder Regional Targets: Lewis • Historical targets –
Slide 19: Collerina Trend: CZ Copper Project
CZ Mineralisation 2 COLLERINA TREND Schematic Long Section CZ COPPER PROJECT1 Looking North • CZ Geological model currently being updated 11m at 6.6% Cu • Clear similarities to Tritton & Constellation Deposits 12m at 5.0% Cu • Latest discovery is Constellation (by VTEM in Dec 10m at 3.7% Cu 2019) cu
Slide 20: Collerina Trend: huge regional potential
2 COLLERINA TREND HUGE REGIONAL POTENTIAL FLEM Survey in Progress Exploration has resumed testing south, ‘along-trend’ from Tritton deposits Regional Targets: • >100 ‘strike’ km of prospective copper trend Homeville Ni-Co Deposit • New VTEM data – being followed up by ground geophysical surveys (FLE
Slide 21: Nickel-Cobalt Asset Commercialisation
Tritton Copper Deposits NICKEL-COBALT ASSET West Lynn (Ni Co) Project COMMERCIALISATION Nyngan Scandium Project NI-CO PROSPECT AREA Homeville Ni-Co Deposit 18mt at 0.9% Ni & 0.06% Co • Significant Ni-Co assets on HLX tenements • Resource - Homeville Nickel-Cobalt resource CZ Copper Deposit ~18Mt at
Slide 22: Sustainability
SUSTAINABILITY Current Focus: • Traditional Owner engagement and cultural GETTING SET-UP EARLY awareness • Employee development Helix has a strong ‘Sustainability Platform’ including sound ESG inputs • Community Engagement - retained a Community & Landowner Relations Manager to ensure Helix Focus ar
Slide 23: HLX Corporate Snapshot
HLX BOARD & MANAGEMENT KEY SHAREHOLDERS (1 June 2023) Peter Lester (Mining Eng./BD) SNAPSHOT Yandal Investments Pty Ltd Non-Executive Chairman 2.2% Mike Rosenstreich Mr. Bulent Basim (Geo./ Banker) CORPORATE Managing Director 1.7% Technical Ceramic Marketing (ASX:HLX) Kylie Prendergast (Geo.) Servic
Slide 24: Expenditure & News
EXPENDITURE & NEWS Effective, focused, low-cost exploration Near-term planned news-flow: • Orange based Exploration Team of 5 FT and 2 PT Geologists + Field June Technicians • Canbelego Main Lode - Mineral Resource estimate • >50% on Direct Drill costs & c.90% on Exploration activities • Mines & Mon
Slide 25: Corporate Perspectives: Investment Summary
STRATEGIC LOCATION: PROLIFIC COBAR COPPER DISTRICT EXISTING CORPORATE STRONG LONG-TERM COPPER DEMAND COPPER RESOURCES PERSPECTIVES OUTLOOK With significant growth potential INVESTMENT SUMMARY Highly active regional program – HLX is FOCUSSED, poised for new discoveries; offering SKILLED WELL FUNDED i
Slide 26: Important Notices
IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement Forward Looking Statements The information in this report that relates to exploration results, Mineral Resource estimates and This presentation may include forward-looking stat
Slide 27: Contact
CONTACT MIKE ROSENSTREICH Managing Director helix@helixresources.com.au Level 13, 191 St Georges Terrace, Perth WA 6000 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 28: Appendix A: Mineral Resource Estimates
APPENDIX A MINERAL RESOURCE ESTIMATES 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 resources are reporte
Slide 29: Appendix B: Key Personnel
APPENDIX B KEY PERSONNEL 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 Ms. Hamblin is a Director of Meridian Corporate Consultants with extensive senior executive positions with
Slide 30: Appendix C: Regional Producers & Deposits
APPENDIX C REGIONAL PRODUCERS & DEPOSITS 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 BOPPY GOLD5 CSA MINE2 •