Helix Resources Limited · ASX:HLX
Helix Resources — Shareholder Meeting (November 2023)
26 slides from Helix Resources's shareholder meeting presentation, Nov 20, 2023
Slide 1: AGM Presentation & Chair's Address
ASX Announcement 20 November 2023 AGM Presentation & Chair’s Address Helix Resources Limited (the Company) is pleased to provide a copy of the presentation materials to be utilised at today’s Annual General Meeting of Shareholders, comprising: • Acknowledgement of Country; • opening comments from He
Slide 2: Loading up the bases – toward a copper-discovery hit
“Loading up the bases – toward a copper-discovery hit” For personal use only Aaron Judge, New York Yankees, MLB: 2021* Annual General Meeting of Shareholders 20th November 2023 *Refer Appendix B
Slide 3: Acknowledgement of Country
For personal use only Acknowledgement of Country We would like to acknowledge the Traditional Owners of the country where we meet today, the Whadjuk Nyoongar people, as well as the Traditional Owners of the Country on which we work to make mineral discoveries in Central Western NSW, the Wangaaypuwan
Slide 4: Chair's Address
Chair’s Address My Name is Mike Rosenstreich, I am the new Chair of Helix Resources, and I would like to make a few opening remarks before moving to the formal part of the meeting and then handing over to Dr Kylie Prendergast, our Technical Director. As a baseball tragic I am going to use baseball a
Slide 5: Review of 2023 Operations and Outlook for 2024
For personal use only Review of 2023 Operations and Outlook for 2024 Dr Kylie Prendergast – Executive Technical Director Annual General Meeting of Shareholders 20th November 2023 4
Slide 6: Corporate Snapshot
CORPORATE For personal use only SNAPSHOT Mike Rosenstreich Chair Kylie Prendergast Executive Technical Director Emmanuel Correia Non-Executive Director CORPORATE (ASX:HLX) CAPITAL STRUCTURE Meagan Hamblin Ben Donovan Gordon Barnes Share price $0.004 Chief Financial Officer Company Secretary Explorat
Slide 7: Cobar – A Prolific Copper Region
COBAR – A PROLIFIC COPPER REGION HLX-new ENDEAVOR Northern EL 1.6Mt Zn, 1.0Mt Pb For personal use only & 47Moz Ag HLX – Western CSA MINE Tenements Production pathways with local 1.5Mt Cu, 27Moz Ag & 491kt Zn TRITTON processing options +650kt Cu, 3Moz PEAK MINE Ag & 250koz Au 2.7Moz Au, 6.6Moz In clo
Slide 8: Helix Snapshot – A Year In Review
Helix Snapshot – A Year In Review 1 2 3 +77% +6,550 8 For personal use only Canbelego increase in New surface geochemistry New copper targets generated contained copper to the samples = new targets for and drilled; 1 Black Range 2010 estimate1 2024 drilling advancing, 1 in Progress (+11,000 m drille
Slide 9: Copper Resources Increased 77%
1 COPPER RESOURCES 25m @ 1.9% Cu Potential Open-cut Mineral resource INCREASED 77% Incl. 9m @ 3.3% Cu & 3m @ 4.6% Cu 0.3% Cu CoG For personal use only Potential Underground CANBELEGO MAIN LODE Mineral resource 0.8% Cu CoG 8m @ 2.8% Cu 16m @ 3.2% Cu Incl. 5m @ 2.4% Cu Incl. 11m @ 4.6% Cu Canbelego Ma
Slide 10: Regional Surface Geochemical Work
2 6,550 SAMPLES Cu-Bi-In-Sn-W-Mo Black Range REGIONAL SURFACE GEOCHEMICAL WORK For personal use only Cu-Bi-Pb-As Canbelego Promising early results • Sophisticated multi-element analysis Caballero • Regional-scale Cu-Zn • ‘Pathfinder’ analysis to identify copper prospect signatures Cu-Zn-Sb Auger Geo
Slide 11: New Prospect Generated – First Drillholes
3 NEW PROSPECT GENERATED FIRST DRILLHOLES 450m NNE structure with drill intercepts1 of: -1m @ 1.1% Cu in 8m at 0.35% Cu For personal use only Black Range Cu-Bi (In-Sn-W-Zn) -2m @ 1.4% Cu in 8m at 0.6% Cu Anomaly • First drill test – Oct. 2023 Untested • Broad intervals of sulphide mineralisation wit
Slide 12: New Prospect – Drilling Now
3 NEW PROSPECT - DRILLING NOW Cu Anomaly For personal use only Bijoux Prospect Cu-Ag (Bi-Mo) Anomaly • Recent extensional & infill results – upgraded anomaly • 2.2 x 1.2km scale anomaly • Cu values average 62ppm Cu with peaks of 730 & 429ppm • Historic 5 RC drillholes – don’t test the anomaly 2.2km
Slide 13: Drilled Tritton-Style Targets at Collerina
3 DRILLED TRITTON-STYLE TARGETS AT COLLERINA For personal use only Tritton Operations north along Collerina Trend: • Multiple OC & UG deposits mined for past 30 years • Constellation1 – recent discovery by VTEM; 6.7Mt @ 1.9% Cu & 0.6g/t Au (~>500kt Cu & 0.3Moz Au endowment) “Aeris’ 9th hole was the
Slide 14: Cobar – A Prolific Copper Region
COBAR – A PROLIFIC COPPER REGION 4 2,900km2 of prospective exploration HLX-new ENDEAVOR Northern EL tenements (including new EL) 1.6Mt Zn, 1.0Mt Pb 585km2 For personal use only & 47Moz Ag CSA MINE HLX – Western Tenements Helix has three major copper trends: 1.5Mt Cu, 27Moz Ag & 491kt Zn TRITTON 1. R
Slide 15: Sustainability – Getting Set-Up Early
5 SUSTAINABILITY 2023 Focus: • Traditional Owner engagement and cultural GETTING SET-UP EARLY awareness • Employee development Helix has a strong ‘Sustainability Platform’ including sound • Community Engagement - retained a Community ESG inputs For personal use only & Landowner Relations Manager to
Slide 16: Ionick: IPO Planned Nickel-Cobalt Opportunity
6 IPO planned - undervalued, advanced, large scale nickel- cobalt development opportunity For personal use only • Ni-Co Resource Consolidation - Option Agreement with Alchemy Resources to acquire an 80% interest in the West Lynn Nickel Laterite Project1 • West Lynn Project - Inferred JORC 2012 Miner
Slide 17: Many Prospects with High-Grade Drill Hits
6 MANY PROSPECTS WITH For personal use only HIGHGRADE DRILL HITS1 G-Series Magnetic Targets Greenblatt Excellent nickel & cobalt grades – focus is to 10m at 0.8% Ni, 0.17% Co find more tonnes! 7m at 0.7% Ni & 0.63% Co 4m at 0.6% Ni & 0.3% Co • Significant prospects - never followed up Lewis • Thick
Slide 18: 2024 Outlook
2024 OUTLOOK Black Range Little Boppy HELIX IS SOLELY FOCUSSED ON CANBELEGO For personal use only COPPER (+GOLD) IN COBAR 1 A M1 COPPER DEPOSIT1 Muriel Tank 1.83Mt at 1.74% Cu 2023 – GENERATION P2 B M4 • Develop targets (advanced exploration: Western P1 A R13 Lodes VTEM, geochemistry and geology) Jo
Slide 19: 2024 Outlook
2024 OUTLOOK Focus is on testing and turnover of targets for copper discovery Regional drill program – 15,000m For personal use only • Drilling – testing targets on Rochford Trend now / news flow Q2 • New drill targets developed – Surface sampling results • Ionick Metals update – nickel cobalt asset
Slide 20: Investment Summary
STRATEGIC LOCATION: PROLIFIC COBAR COPPER CORPORATE DISTRICT For personal use only EXISTING STRONG PERSPECTIVES COPPER LONG-TERM RESOURCE COPPER DEMAND OUTLOOK With significant INVESTMENT SUMMARY growth potential Helix is poised for new discoveries with plenty of drilling planned and FOCUSSED, stron
Slide 21: Contact
For personal use only CONTACT MIKE ROSENSTREICH Chair KYLIE PRENDERGAST Executive Technical 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 22: Important Notices
IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement of whether to buy, sell or hold a financial product. You should obtain professional advice and carry out The information in this report that relates to exploration results, and
Slide 23: Appendix A – Mineral Resource Estimates: Canbelego
APPENDIX A MINERAL RESOURCE ESTIMATES Canbelego Main Lode (June 2023) For personal use only CANBELEGO MRE Category Tonnes Grade (Cu%) Cu-Metal (t) MRE REPORT For full details of MRE please refer to ASX Report 14 June 2023 Total opencut MRE, ≥240mRL; 0.3 Cu% cut-off grade & underground MRE, <240mRL;
Slide 24: Appendix A – Homeville Ni-Co Mineral Resource
APPENDIX A MINERAL RESOURCE ESTIMATES For personal use only Homeville Ni-Co Mineral Resource by Rock Type 1. Homeville Nickel-Cobalt Mineral Resource Classification Tonnes Ni Co MgO FE Al2O2 Ni Estimate Rock (JORC 2012) (Mt) % % % % % % The Homeville Nickel-Cobalt Mineral Resource Estimate was Limon
Slide 25: Appendix A – West Lynn Mineral Resource
APPENDIX A MINERAL RESOURCE ESTIMATES 2. West Lynn Alchemy Resources Limited reported a maiden JORC Code 2012 For personal use only West Lynn Nickel-Cobalt (September 2019) Edition compliant Inferred mineral resource estimate on 19 February 2019 for the nickel-cobalt zone of the West Lynn Project, l
Slide 26: Appendix B – Regional Producers & Deposits
APPENDIX B REGIONAL PRODUCERS & DEPOSITS ENDEAVOR LEAD/ZINC4 TRITTON COPPER OPERATIONS1 • Currently Care & Maintenance For personal use only • Refer Group Report on Mineral Resources & Ore Reserves 15 • https://www.cbhresources.com.au/endeavor-mine/ November • https://www.aerisresources.com.au/ MT B
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