Helix Resources Limited · ASX:HLX
Helix Resources — RIU Sydney (May 2019)
21 slides from Helix Resources's conference presentation, May 8, 2019
Slide 1: Copper Focused
For personal use only COPPER FOCUSED Active explorer - Cobar Region and Chile New discoveries - High grade Collerina Highly prospective properties
Slide 2: A value exposure to an advancing copper story
A value exposure to an advancing copper story – timely and compelling For personal use only COPPER MACRO GAINING MOMENTUM • Sustained demand growth and new demand sources (renewables, batteries, EVs, etc) • Industry wide grade declines, resource depletion and underinvestment in new capacity HELIX HA
Slide 3: Capital Structure
CAPITAL STRUCTURE Clean Capital Structure with a tight register For personal use only ASX Code HLX Issued Shares 424 million Unlisted Options 19 million (Directors, Management & Staff) Market Cap @ A$0.024ps $10m Cash @ Mar’19 $1m Enterprise Value $9m Major Shareholders % DIRECTORS Yandal Investment
Slide 4: Collerina and the Cobar District
COLLERINA AND THE COBAR DISTRICT High value exploration potential in a richly endowed province For personal use only LARGE FOOTPRINT Strong presence (1,500km²) in proven copper and gold camps that remain under-explored ACTIVE EXPLORER Focused programs advancing high potential prospects, with project
Slide 5: Collerina
For personal use only COLLERINA Cracking the VMS and structural code at our Flagship Asset
Slide 6: The new geology and structural interpretation – Refined EM Targeting
COLLERINA AND THE COBAR DISTRICT The new geology and structural interpretation – Refined EM Targeting For personal use only Schematic Plan Strong Fixed F Central Zone Mineralisation Loop EM Target New Strong DHEM Targets F Central Zone Mineralisation F Linkage Open Targets F 2015-17 DHEM models - Av
Slide 7: The new geology and structural interpretation - Immediate drill success
COLLERINA The new geology and structural interpretation - Immediate drill success For personal use only Exploration breakthrough at depth gives Collerina potential scale Confidence to continue drill testing EM related plunge and dip targets at depth Deposit open down dip and plunge www.helixresource
Slide 8: Resource modelling and future programs
Resource modelling and future programs For personal use only • Modelling underway. • Initial resource to concentrate on Central Zone and drilled plunge position. • Focus initially on maximising grade and geological continuity. • Lies within the broader Collerina system – well defined at surface and
Slide 9: Regional Comparison and Context
COLLERINA AND THE COBAR DISTRICT Regional Comparison and Context For personal use only Attributes Tritton Mine (in Production) Collerina Deposit Initial Resource 14Mt @ 2.7% Cu, 0.3g/t Au Scale Emerging from Exploration (380,000t contained Cu) Breakthrough Mineralisation Massive & Banded Sulphide Ma
Slide 10: Regional Opportunities – Collerina Copper trend
COLLERINA Regional Opportunities – Collerina Copper trend For personal use only • Helix controls 85km of the prospective VMS Belt • Limited exploration has been conducted on the wider Project Area • Multiple prospects identified across 3 priority target zones within the 25km “Collerina Copper Trend”
Slide 11: Mundarlo
For personal use only MUNDARLO Targeting VMS-style base metal systems in a new province
Slide 12: Mundarlo (Earning 80%)
MUNDARLO (EARNING 80%) Bedrock EM conductor is suphide related – Target is Large For personal use only Re-mobilised (?) copper noted in hanging wall rocks Massive and semi-massive MURCDD004 sulphide in silica-rich unit - Interpreted Periphery of VMS www.helixresources.com.au I 12
Slide 13: Large EM Conductor in new VMS belt
MUNDARLO (EARNING 80%) Large EM Conductor in new VMS belt For personal use only • Geology and structural studies confirm VMS provenance • Strong off-hole conductors present • NSW Geological Survey assessing Mundarlo System in 1H19. www.helixresources.com.au I 13
Slide 14: Cobar Gold Project
For personal use only COBAR GOLD PROJECT Large System Potential – Control of Entire Goldfield – More Regional Targets Emerging
Slide 15: Cobar Gold Project: High Prospectivity in compelling geological setting
COBAR GOLD PROJECT High Prospectivity in compelling geological setting For personal use only • Geological model shows evidence for a significant gold system • New Discoveries - Battery Tank Prospect – Wide zones of gold mineralisation • 43m @ 2.3 g/t gold from surface, incl. 4m @ 13.3g/t gold and 14
Slide 16: Chile Copper Joint Ventures
For personal use only CHILE COPPER JOINT VENTURES Retained exposure to large copper projects in a world-class jurisdiction Samuel Project
Slide 17: Chile – Samuel Project
CHILE – SAMUEL PROJECT Large Scale Porphyry and Manto Copper Targets For personal use only • JOGMEC Funding Partner Helix 40% Equity after $3.3m spend by 2021. • Full coverage Drone Aeromagnetic survey completed, large IP Survey completed • Field structural mapping and sampling completed JOGMEC FUND
Slide 18: Chile – Joshua Project
CHILE – JOSHUA PROJECT Large Scale Porphyry Copper Target For personal use only HELIX FREE-CARRIED TO BFS WITH RETAINED Target 1 – Drilling 20% EQUITY to date • Multiple Porphyry New Western Phases Present – Tar Targets dynamic mineralising system Late ‘epithermal’ • Potentially economic Molybdenite
Slide 19: Focused exploration - Quality Addresses – Value Drivers Emerging
Focused exploration - Quality Addresses – Value Drivers Emerging For personal use only GEOLOGICAL AND STRUCTURAL REVIEW DRIVING EXPLORATION STRATEGY • Provenance and potential scale • Advancing assests at Prospect and Project Scale, within funding capacity COLLERINA COPPER PROJECT (100%) • Flagship
Slide 20: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement For personal use only This presentation has been prepared by Helix Resources Limited (“Company”). The presentation does not contain all the information that a prospective investor may require about the companies, their business or the proposal. It is not a
Slide 21: For further information
For personal use only or further information: Mick Wilson Managing Director mick.wilson@helix.net.au +61 8 9321 2644 www.helixresources.com.au RIU Conference: Booth 11