Helix Resources Limited · ASX:HLX
Helix Resources — RIU Conference (February 2022)
24 slides from Helix Resources's conference presentation, Feb 15, 2022
Slide 1: Uniquely Focussed on High-Grade Cobar Copper
For personal use only (ASX:HLX) Uniquely Focussed on High-Grade Cobar Copper 15th February 2022
Slide 2: Important Notices
IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited For personal use only 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 info
Slide 3: Investment Snapshot
INVESTMENT SNAPSHOT Helix – a unique investment opportunity on the ASX; For personal use only leveraged solely to copper discoveries in the prodigiously mineralised Cobar region of NSW, Australia Cobar, rich in copper, mines, people and infrastructure > 2,000km2 of strategic, prospective ground
Slide 4: Cobar – A Prolific Copper Region
COBAR – A PROLIFIC COPPER REGION TRITTON COPPER OPERATIONS 584Kt Cu, 336Koz Au & 5Moz Ag in Resources. Production Guidance FY22 – 19Kt Cu ENDEAVOR LEAD/ZINC4 For personal use only C&M FOCUSSED ON THE COBAR MT BOPPY GOLD5 Planned - 24koz Au REGION, NSW CSA MINE2 434Kt Cu & 5.8Moz Ag Major regional mi
Slide 5: Copper in Cobar – Untested Regional Potential
COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL COPPER RESOURCES & HIGH-PRIORITY TARGETS ON MAJOR REGIONAL TRENDS For personal use only Two main tenement groups: ~2,160km2 Three Major regional scale copper trends: 1. Rochford Trend – 30 km 2 – Canbelego copper deposit1 2. Collerina Trend – 65 km 1 – T
Slide 6: Copper in Cobar – Untested Regional Potential
COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL COPPER RESOURCES & HIGH-PRIORITY TARGETS ON MAJOR REGIONAL TRENDS For personal use only Two main tenement groups: ~2,160km2 Three Major regional scale copper trends: 1. Rochford Trend – 30 km 2 – Canbelego copper deposit1 – 1.5Mt 1 at 1.2% Cu (JORC 2004)
Slide 7: What Are We Hunting For?
WHAT ARE WE HUNTING FOR? TARGET IS ‘COBAR- STYLE’ - LARGE SCALE, HIGH GRADE COPPER DEPOSITS Cobar style targets For personal use only • Small ‘footprints’ but deep vertical extensions • Strong structural geological controls on formation • Typically occur in repeat parallel lodes • Subtle structural
Slide 8: Rochford Trend – Highly Prospective for Cobar-Style Deposits
1. ROCHFORD TREND HIGHLY PROPSECTIVE FOR ‘COBAR-STYLE’ DEPOSITS For personal use only A pipe-line of copper opportunities Advanced Canbelego Project: – Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004, Inferred) – Parallel lodes identified – visible copper sulphides2 – A 70:30 Helix: Aeris
Slide 9: Canbelego Main Zone – One of Several High-Grade Lodes?
1. ROCHFORD TREND CANBELEGO MAIN ZONE – ONE OF SEVERAL HIGH-GRADE LODES? Canbelego Main Zone For personal use only Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004, Inferred) Open to the north, and at depth 2021/22 drilling demonstrating high-grade shoots within a ‘planar’ lode structur
Slide 10: Copper Minerals in RC Drill Chips
1. ROCHFORD TREND COPPER MINERALS IN RC DRILL CHIPS For personal use only Copper minerals clearly visible: yellow, brassy metallic lustre Chalcopyrite – CuFeS2 (copper sulphide mineral) 1 – Refer ASX Report 10 February 2022 10
Slide 11: Recent Copper Mineral Intercepts into Emerging New Lodes
1. ROCHFORD TREND RECENT COPPER MINERAL INTERCEPTS INTO EMERGING NEW LODES Copper resource growth For personal use only opportunities: Extensions of the Main Zone Parallel lode positions verified by recent RC drilling1 Canbelego Main Lode (CBM) - open to the north & at depth West Zone 1 (CBW
Slide 12: Emerging Prospects Along Trend from Canbelego
1. ROCHFORD TREND EMERGING PROSPECTS ALONG ‘TREND’ FROM CANBELEGO High Priority copper prospects, new growth opportunities: For personal use only Boppy Broken Hill Greater Canbelego (JV) VTEM anomaly 3 VTEM anomalies Geochemical anomaly Geochemical anomaly Undrilled Recent drill intercepts
Slide 13: Canbelego – High Grade Copper Targets
1. ROCHFORD TREND CANBELEGO – HIGH GRADE COPPER TARGETS For personal use only Canbelego and regional areas – will be main focus News & Activities – to June Assay results – Jan-Feb RC program Surface EM to confirm targets RC/DD drilling follow-up of RC drilling Follow-up Caballero and Bijoux
Slide 14: South, Along Trend from Tritton Copper Operations
COPPER IN COBAR – UNTESTED REGIONAL POTENTIAL SOUTH, ALONG TREND FROM TRITTON COPPER OPERATIONS For personal use only Three Major regional scale copper trends: 1. Rochford Trend – 30 km – Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004) 2 2. Collerina Trend – 65 km 1 – The Central Zone (CZ)
Slide 15: What Are We Hunting For? Tritton Style
WHAT ARE WE HUNTING FOR? TARGETING ‘TRITTON’ STYLE - LARGE SCALE, HIGH GRADE COPPER DEPOSITS For personal use only *Refer Annual Report 3 October 2021 update with ASX Report 3 Aug 2021 Mineral Tritton style targets Tritton ore Resource & Ore Reserve Estimate June 2021 Tritton, ASX Report 16 Dec 2021
Slide 16: Collerina Trend – Large, Strategic Ground Position
2. COLLERINA TREND LARGE, STRATEGIC GROUND POSITION – 100% HLX For personal use only Advanced Project: – CZ copper deposit – 2.0Mt at 2.0% Cu & .1 g/t Au1 – also – Homeville nickel-cobalt deposit – 17.9Mt at 0.9% Ni & 0.06% Co2 Regional Targets: Large strategic land position with Tritton Operation
Slide 17: CZ Copper Deposit
2. THE COLLERINA TREND CZ COPPER DEPOSIT1 Significant high-grade sulphide & ‘oxide’ copper mineralisation discovered For personal use only +1,200m CZ sulphide zone – better intercepts: 14m at 4.0% Cu 11m at 6.6% Cu 12m at 5.0% Cu 10m at 3.7% Cu 4m at 5.2% Cu 5m at 4.3% Cu 3.5m at 4.8
Slide 18: Tritton to the North, CZ in Central Area – 65 Strike-km Under-Explored
2. THE COLLERINA TREND TRITTON TO THE NORTH, CZ IN CENTRAL AREA - 65 STRIKE-KM ‘UNDER-EXPLORED’ For personal use only Follow-up work planned with a regional focus: Surface EM – Quanda & Fiveways Approved, regional scale auger-soil program over 40 strike-km of copper trend Drill traverses acros
Slide 19: Cobar Exploration Overview – Months
COBAR EXPLORATION OVERVIEW – 3 MONTHS EXPLORATION MOMENTUM – A SYSTEMATIC PIPELINE OF WORK AND NEWS FLOW For personal use only RC & DD RC & DD CZ & Canbelego Advanced Drilling Drilling Assays Targets Canbelego Canbelego Drilling Jan 2022 Feb 2022 Mar 2022 Quanda Fiveways Regional Regional EM & Drill
Slide 20: Corporate Snapshot
CORPORATE SNAPSHOT ASX CODE HLX 12 MONTH SHARE PRICE & DAILY VOLUME GRAPH For personal use only Share price ( 10 February 22 close) $0.018 Shares (listed) 1,258M Options & Performance Rights (unlisted) 55.4M Market Cap. $22.6M Cash (31 Dec 21) $2.6M DIRECTORS & Management (REFER APPENDIX B) Peter Le
Slide 21: Corporate Perspectives – Investment Summary
CORPORATE PERSPECTIVES – INVESTMENT SUMMARY RARE INVESTOR LEVERAGE TO COPPER WELL FUNDED For personal use only EXPLORATION SUCCESS Executing a STRONG strong ‘drill- DEFINED FOCUSED ON COBAR LONG-TERM based’ program COPPER COPPER RESOURCES DEMAND OUTLOOK Open-ended growth potential >US$10,000/t MAXIM
Slide 22: Contact
CONTACT MIKE ROSENSTREICH For personal use only 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 23: Appendix A - Mineral Resource Estimates
APPENDIX A - MINERAL RESOURCE ESTIMATES Collerina Copper CZ (June 2019) (0.5% Cu cut-off) Homeville Nickel-Cobalt (September 2018) Classification Type Tonnes Copper Gold Contained Copper Contained Gold Category Cut-off Tonnes Ni % Co % Fe % Al % For personal use only Mt % g/t t Oz Indicated Oxide/Tr
Slide 24: Appendix C – Regional Producers & Deposits
APPENDIX C – REGIONAL PRODUCERS & DEPOSITS TRITTON COPPER OPERATIONS1 Refer Annual Report 3 October 2021 ENDEAVOR LEAD/ZINC4 For personal use only updated with ASX Report 3 Aug 2021 Mineral Currently Care & Maintenance Resource & Ore Reserve Estimate June 2021 Tritton, Sandfire (ASX:SFR) ear