Helix Resources Limited · ASX:HLX
Helix Resources — RIU Explorers Conference 2021
26 slides from Helix Resources's conference presentation, May 4, 2021
Slide 1: RIU Explorer's Conference Presentation
ASX Announcement 4 May 2021 RIU Explorer’s Conference Presentation Helix Resources Limited (ASX:HLX) is pleased to advise that the Company’s Managing Director, Mike Rosenstreich will be speaking to the attached presentation, “High Grade Cobar Copper” today at the RIU Explorer’s conference in Sydney.
Slide 2: High Grade Cobar Copper
HIGH GRADE COBAR COPPER Mike Rosenstreich Managing Director
Slide 3: Important Notices
IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement The information in this report that relates to exploration results, Mineral Resource estimates and geological data for the Cobar projects is based on information generated and
Slide 4: Investment Snapshot
INVESTMENT SNAPSHOT Well funded, strong assets and a market cap of just $18M EXISTING COPPER RESOURCES WITH MAJOR UPSIDE 52kt of copper metal in existing high-grade copper resources1 with opportunities for major growth by extensional drilling Large scale prospective copper trends -120 kms but 80
Slide 5: Strategy
STRATEGY The ‘right’ metals in the ‘right’ neighbourhood, to underpin a strong business case
Slide 6: Helix's Strategy
HELIX’S STRATEGY ENDEAVOR LEAD/ZINC4 Focussed on the Cobar region, NSW C&M Sandfire (ASX:SFR) JV Major The regional ‘right’ mineralised neighbourhood - high TRITTON COPPER trends: value exploration potential in a richly OPERATIONS1 25kt Cu pa production endowed hubs province CSA MINE2 49.9kt Cu pa
Slide 7: Copper Strategy
COPPER STRATEGY Build up existing copper resources and accelerate rate of discovery on a regional scale to underpin a copper business case.
Slide 8: Copper in Cobar
COPPER IN COBAR Established, well endowed copper province Located in a region with +150 years copper production, ongoing new discoveries and numerous base metal and gold production hubs Cobar region - over 150 years of copper mining 7
Slide 9: Copper in Cobar – Unlocking Regional Potential
COPPER IN COBAR – UNLOCKING REGIONAL POTENTIAL 24 High-priority copper targets identified on major regional trends In March 2021, regional EM coverage increased from ~25km to ~120km of prospective copper trends. “EM finds copper in Cobar” 3 Major regional scale copper trends: 1. Collerina Trend – 65
Slide 10: 1. The Collerina Trend
1. THE COLLERINA TREND Hosts the CZ Copper Deposit 8 High priority targets identified located in: Quanda Area – South ‘on trend’ to Kurrajong Deposit (3-4Mt at 1.5-2.0% Cu)1 and new high-grade Constellation copper discovery (Aeris ASX:AIS) assays eg 3.6m at 22.6% Cu & 5.85m at 4.6% Cu2 Honeybugl
Slide 11: 1. The Collerina Trend
1. THE COLLERINA TREND High-grade sulphide deposit Helix Discovery – 2016 100% owned 2Mt at 2.0% Cu & 0.1 g/Au for 40.4kt contained copper. (JORC2012) 60% Indicated & 40% Inferred, by Cu tonnes)1 Oxide & transitional Cu mineralisation is 13% of Mineral Resource High-grade shoots controll
Slide 12: 1. The Collerina Trend
1. THE COLLERINA TREND CZ Deposit is open in all directions • High-grade CZ shoot defined by south-east plunging fold axis • Geological modelling has identified possible parallel plunging shoots – referred to ‘Fold Hinge geological model’ • Soon to be tested by diamond drilling after RC failed to hi
Slide 13: 1. The Collerina Trend
1. THE COLLERINA TREND Clear geological analogies with Aeris’ (ASX:AIS) Constellation Discovery Collerina drill core – from 5 metres at 4.8% Cu Collerina drill core – from 11 metres 6.6% Cu (CORCDD090 from 330 metres downhole) (CODD001 from 81 metres downhole) 17% Cu Constellation drill core – 5.85
Slide 14: 2. Rochford Trend
2. ROCHFORD TREND Newly extended, large scale copper trend 10 High-priority targets identified located in: Boppy Broken Hill Area Canbelego Extensions North, South & West (refer inset) – Possible extensions and repeats of the Canbelego deposit Caballero Bijoux Prospect 13 1 – Refer Appendix
Slide 15: 2. Rochford Trend
2. ROCHFORD TREND Canbelego - opportunities to extend deposit in all directions Canbelego Canbelego Inferred Resource of 1.5 mt at 1.2% Cu (JORC 2004)1 Drilling commenced 16 April Co-funded, JV with local Producer, Aeris Resources (ASX:AIS) on EL6105; Helix 70% and manager Diamond drillhole,
Slide 16: 2. Rochford Trend
2. ROCHFORD TREND Canbelego – recent diamond drilling extends known mineralisation 24m of copper sulphide mineralisation ‘Typical’ Canbelego style disseminated and vein – interval copper sulphide (chalcopyrite) mineralisation. on target at ~16m true width CANDD001 – copper sulphide textures cent
Slide 17: 2. Rochford Trend
2. ROCHFORD TREND Canbelego – VTEM has highlighted potential for repeat lodes Canbelego Extensions Down-dip - currently drilling down-dip extensions to the ‘known’ Canbelego mineralisation as well as Recent VTEM highlighted potential extensions to the North, South & East Well supported by Stro
Slide 18: 3. Meryula Trend
3. MERYULA TREND Almost forgotten but exciting early stage targets Meryula Trend - Six high priority targets identified: Strong EM anomalies highlight prospective stratigraphy and structural sites John’s Hill Area – Discrete EM anomaly near historical workings (western limb) Amitys Area – Disc
Slide 19: Investor Perspectives
HEL? X ESOURCES LIMIT INVESTOR PERSPECTIVES
Slide 20: Corporate Snapshot
CORPORATE SNAPSHOT ASX CODE HLX SHARE PRICE GRAPH - 12 MONTHS TO 27 APRIL 2021 Share price (at 27 April 2021 close) A$0.016 Shares on issue 1,094M Unlisted options 36.5 M Market capitalisation A$17.5M Number of Shareholders 2,250 Cash & Receivables Estimate A$2.7M (at 31/3/2020) Cobar, NSW MAJOR SHA
Slide 21: Corporate Perspectives – 2021 Work Program
CORPORATE PERSPECTIVES – 2021 WORK PROGRAM Systematic pipeline of work and news flow Heli-VTEM Max survey ~ 2,337 line km over Rochford and Collerina Copper Trends Q1 2021 Surface EM and DHEM surveys for drill targeting Reprioritise and rank with ‘new’ targets from EM surveys Surface geochem
Slide 22: Corporate Perspectives – Investment Summary
CORPORATE PERSPECTIVES – INVESTMENT SUMMARY Compelling Australian copper exploration opportunity – why? Because…. Well funded Defined copper resources – open ended growth potential; as just demonstrated with drilling at Canbelego 24 significant, new copper targets in a highly mineralised coppe
Slide 23: Contact
CONTACT MIKE ROSENSTREICH Managing Director Helix@helixresources.com.au 78 Churchill Avenue, Subiaco WA 6008 PO Box 825, West Perth WA 6872 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 24: Appendix A Mineral Resource Estimates
APPENDIX A Mineral Resource estimates Collerina Copper CZ (June 2019) (0.5% Cu cut-off) Cobar Gold (November 2019) (0.4g/t Au cut-off) Classification Type Tonnes Copper Gold Contained Copper Contained Gold Deposit Classification Type Tonnes Gold Contained Gold Mt % g/t t Oz Mt g/t Oz Indicated Oxide
Slide 25: Appendix B – Regional Producers & Deposits
APPENDIX B – REGIONAL PRODUCERS & DEPOSITS References TRITTON COPPER OPERATIONS1 HERA GOLD/BASE METALS3 Produces 25kt Cu pa Produces 45koz Au pa Ore Reserves 5.7Mt @ 1.5% Cu Ore Reserves 1.2Mt @ 1.4g/t Au, 3.0% Pb, 4.7% Zn, 38g/t Ag Mineral Resources 17.5Mt @ 1.5% Cu Mineral Resources 1.
Slide 26: Appendix C Directors & Management
APPENDIX C Directors & Management Peter Lester Mike Rosenstreich Tim Kennedy Jason Macdonald Mining Engineer Geologist Geologist Lawyer Non Executive Chairman Managing Director Non Executive Director Non-Executive Director Mr Lester has over 40 years Mr Rosenstreich contributes over Mr Kennedy has o