Helix Resources Limited · ASX:HLX
Helix Resources — Mines and Money (December 2022)
33 slides from Helix Resources's conference presentation, Dec 1, 2022
Slide 1: High Grade Cobar Energy Metals: Copper, Nickel & Cobalt
For personal use only HIGH GRADE COBAR ENERGY METALS COPPER, NICKEL & COBALT Cobar – the Niyama first-nations word for copper, meaning 'red earth' or 'burnt earth’ 1 December 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 Forward Looking Statements The information in this report that relates to exploration results, Mineral Resource estimates and This presentation may includ
Slide 3: Snapshot
HLX For personal use only SNAPSHOT ~A$10.5m cash > 2,000km2 of highly Copper resources1 prospective ground in Canbelego (1.5Mt at 1.2% Cu) STRATEGIC VALUE Cobar region, NSW and CZ (2Mt at 2% Cu) Cash, strategic ground and expert team Nickel-cobalt Numerous exciting Strategic location - to existing l
Slide 4: Corporate Snapshot: Board, Shareholders, Capital Structure
HLX BOARD & MANAGEMENT KEY SHAREHOLDERS SHAREHOLDERS (estimate) Peter Lester (Mining Eng./BD) (16 Nov. 2022) Non-Executive Chairman BPM Investments Limited For personal use only SNAPSHOT Mike Rosenstreich 5.42% (Geo./ Banker) Yandal Investments Pty Ltd 24% Managing Director 2.21% CORPORATE Kylie Pre
Slide 5: A Prolific Copper Region
TRITTON 560kt Cu, 3Moz For personal use only Ag & 250koz Au ENDEAVOR 1.6Mt Zn, 1.0Mt Pb & 47Moz Ag CSA MINE COBAR 1.5Mt Cu, 27Moz Ag & 491kt Zn A PROLIFIC COPPER REGION PEAK MINE 2.7Moz Au, 6.6Moz Ag, 350kt Cu & 430kt Pb-Zn HOMEVILLE NICKEL- Focussed solely on the CANBELEGO COPPER COBALT DEPOSIT Cob
Slide 6: A Prolific Copper Region: Infrastructure
TRITTON BASE METALS PLANT NOTE: Cu GRADES For personal use only ENDEAVOR BASE Reserve grade – 1.4% Cu METALS PLANT Resource grade – 1.5% Cu CSA BASE METALS PLANT NOTE: Cu GRADES COBAR Reserve grade – 3.8% Cu & 16 g/t Ag A PROLIFIC Resource grade – 5.4% Cu & 21 g/t Ag COPPER REGION PEAK GOLD HOMEVILL
Slide 7: Copper in Cobar: Untested Regional Potential
For personal use only COPPER IN COBAR UNTESTED REGIONAL POTENTIAL Copper resources & high-priority targets on major regional trends 3 MERYULA TREND Large land position of ~2,200km2: 1 ROCHFORD TREND Western tenement group Eastern tenement group Three Major regional scale copper trends: 1.1 Rochf
Slide 8: Copper in Cobar: Western Group Tenements
CANBELEGO For personal use only COPPER DEPOSIT COPPER IN COBAR UNTESTED REGIONAL POTENTIAL Copper resources & high-priority targets on major regional trends 3 MERYULA TREND Western Group Tenements 1 ROCHFORD TREND 1.1 Rochford Trend – 30 km Canbelego copper deposit1 – 1.5Mt at 1.2% Cu (JORC 2004) 2.
Slide 9: What Are We Hunting For? Cobar-Style Targets
WHAT ARE WE Cobar style targets For personal use only Small ‘footprints’ but deep vertical extensions HUNTING FOR? Typically multiple parallel lodes Example TARGET IS – CSA Copper Deposit1 near Cobar: ‘COBAR- STYLE’ One of the highest grade copper mines in the world Current total Resource –1
Slide 10: Rochford Trend: Highly Prospective for Cobar-Style Deposits
1 ROCHFORD TREND For personal use only HIGHLY PROSPECTIVE FOR ‘COBAR-STYLE’ DEPOSITS CANBELEGO COPPER DEPOSIT 1.5Mt at 1.2% Cu The Rochford Trend Greater Canbelego Area (Aeris JV – 30% HLX-70%) GREATER CANBELEGO AREA • Advanced Canbelego Project Canbelego deposit1 1.5Mt at 1.2% Cu (JORC 2004, Inferr
Slide 11: Rochford Trend: Greater Canbelego Area Long-Section
1 ROCHFORD TREND For personal use only GREATER CANBELEGO AREA GREATER CANBELEGO AREA (AERIS JVA) LONG-SECTION Extensive copper-in-soil anomaly Canbelego Main Lode • 2010 – Inferred Resource 1.5Mt at 1.2% Cu1 Western Lodes • West Lode CBW2 CANBELEGO MAIN LODE • Multiple lode positions verified by rec
Slide 12: Canbelego Main Lode Long Section
400m east-west 1 ROCHFORD TREND 9m at 2.5% Cu For personal use only Incl. 3m at 4.6% Cu 16m at 1.1% Cu CANBELEGO MAIN LODE Incl. 4m at 1.9% Cu 16m at 3.2% Cu 0 to 200m 2010 Mineral (LONG SECTION) 18m at 0.9% Cu Incl. 11m at 4.6% Cu Resource Incl. 3m at 2.1% Cu 10m at 2.0% Cu “Cobar-style, small foot
Slide 13: Canbelego Main Lode Cross Section
1 ROCHFORD TREND For personal use only CANBELEGO MAIN LODE 0 to 200m 2010 Mineral (CROSS SECTION) 2010 Inferred Resource 1.5Mt at 1.2% Cu Resource Canbelego Main Zone Growth potential • Untested high-grade areas from 0 to 120m depth 2021 5m at 1.6% Cu • High-grade copper shoot positions – open at de
Slide 14: Western Lodes
1 ROCHFORD TREND For personal use only GREATER CANBELEGO AREA GREATER CANBELEGO AREA (AERIS JVA) Western Lodes • Identified in late 2021 • Parallel lodes – consistent with “Cobar-style’ model • CBW21 possible Main Lode ‘look alike’? • Wide, anomalous copper zones: – 17m at 0.76% Cu (from 55m) incl.
Slide 15: Western Lodes: Systematic Testing
1 ROCHFORD TREND For personal use only GREATER CANBELEGO AREA 17m at 0.8% Cu (AERIS JVA) incl. 3m at 2.3% Cu Western Lodes • Systematically test lode positions DHEM CONDUCTIVE PLATE MODEL • Focusing on anomalous Cu, geophysics (DHEM) and multi- element vectoring to spot deeper Cobar-style lode struc
Slide 16: Numerous Prospects Along Trend
1 ROCHFORD TREND For personal use only NUMEROUS PROPSECTS ALONG TREND – NEW & HISTORIC High Priority copper prospects, Caballero (JV) • VTEM anomaly new growth opportunities • Geochemical anomaly • Initial RC scout drilling Black Range (2010/13) • Historical workings • 33m at 0.22% Cu • VTEM anomaly
Slide 17: Emerging Caballero Prospect
CABALLERO 1 ROCHFORD TREND PROSPECT AREA For personal use only EMERGING CABALLERO 4m at 0.5% Cu incl. 1m at 1.5% Cu PROSPECT • First drilling in 8 years • +800m copper-in-soil anomaly • significant, open-ended zones of copper mineralisation and intense alteration1: – 11 metres (m) at 0.75% copper (C
Slide 18: Copper in Cobar: Collerina Trend
COPPER IN COBAR For personal use only UNTESTED REGIONAL POTENTIAL South, along trend from Aeris resources’ (ASX:AIS) Tritton copper operations 2 Collerina Trend – 80 km Homeville Ni-Co Deposit 18mt at 0.9% Ni & .06% Co The Central Zone (CZ) Mineral Resource1 of 2Mt at 2% Cu CZ Copper Deposit 2mt at
Slide 19: What Are We Hunting For? Targeting Tritton Style
CONSTELLATION LOOKING NORTHEAST* WHAT ARE WE Tritton style targets For personal use only • Occur along preferred lithological trends – possible VMS association HUNTING FOR? • long-axis, ‘ribbon-like’ form • Typically occur in ‘clusters’ TARGETING • Often – don’t outcrop ‘TRITTON’ STYLE Tritton ‘Dist
Slide 20: Collerina Trend: Large, Strategic Ground Position
2 COLLERINA TREND For personal use only Tritton Process Plant (AIS) LARGE, STRATEGIC GROUND POSITION – 100% HLX South, ‘along-trend’ from Tritton deposits Advanced Copper Project: • CZ copper deposit – 2.0Mt at 2.0% Cu1 Regional Targets: • Historical targets – never followed up Homeville Ni-Co Depos
Slide 21: CZ Copper Deposit
2 COLLERINA TREND For personal use only 6m at 0.2% Cu CZ COPPER DEPOSIT1 32m at 0.6% Cu incl. 4m at 1.2% Cu Significant high-grade sulphide & ‘oxide’ (blue) 11m at 6.6% Cu copper mineralisation discovered: 14m at 4.0% Cu 3.2m at 3.1% Cu • +1,200m long CZ sulphide zone1 (White labels) – open down plu
Slide 22: CZ Deposit Schematic Long Section
2 COLLERINA TREND For personal use only CZ COPPER DEPOSIT1 CZ DEPOSIT • Geological model currently being updated Schematic Long Section • Clear similarities to Tritton & Constellation Deposits Looking North 1Refer Appendix A for details on Mineral Resources & historic intercepts 2ASX Report 1 Novemb
Slide 23: Collerina Trend: Huge Regional Potential
2 COLLERINA TREND For personal use only Tritton Process Plant (AIS) HUGE REGIONAL POTENTIAL South, ‘along-trend’ from Tritton deposits Regional Targets: • >80 ‘strike’ km of prospective copper trend • New VTEM data – identifying new targets and confirming historical prospects – Quanda (“Constellatio
Slide 24: Nickel-Cobalt Asset Commercialisation
3 NICKEL-COBALT ASSET For personal use only COMMERCIALISATION Significant Ni-Co assets on HLX tenements – can’t be ignored - nickel & cobalt are also essential ‘energy metals’ NI-CO PROSPECT AREA Nyngan Nickel-Cobalt Project (NNCP) • Significant nickel-cobalt laterite & PGM potential Homeville Ni-Co
Slide 25: NNCP: Many Prospects with High-Grade Drill Hits
3 NNCP For personal use only Greenblatt MANY PROSPECTS WITH 10m at 0.8% Ni, 0.17% Co 7m at 0.7% Ni & 0.63% Co HIGHGRADE DRILL HITS 4m at 0.6% Ni & 0.3% Co Excellent nickel & cobalt grades – focus is to find more tonnes! Lewis Excellent Exploration Upside eg: 20m at 0.6% Ni, 0.02% Co 8m at 0.8% Ni &
Slide 26: NNCP Homeville: Developing an Independent Business Plan
3 NNCP Homeville Mineral Resource Estimates (0.7% Ni cut-off) For personal use only DEVELOPING AN Classification Tonnes (Mt) Ni % Co % Mg % Fe % Al % INDEPENDENT Indicated 2.2 0.98 0.04 10.3 19 2.8 Inferred 15.7 0.88 0.06 7.2 23 3.7 BUSINESS PLAN Total Resource 17.9 0.89 0.06 7.6 22 3.6 Note: Small
Slide 27: Sustainability: Getting Set-Up Early
SUSTAINABILITY HLX PURPOSE STATEMENT For personal use only GETTING SET-UP EARLY Helix was established to discover and, if viable, develop mineral deposits to create wealth for its Helix has a strong ‘Sustainability Platform’ including sound ESG inputs shareholders in an efficient, ethical and sustai
Slide 28: Expenditure Plan and Near-Term News Flow
EXPENDITURE PLAN For personal use only Planned expenditure1 of ~$10M for the next 12 – 18 months Near-term news-flow: • Orange based Exploration Team of 5 FT and 2 PT Geologists Canbelego Main Lode + Field Technicians • Deep drilling; visual results - Dec (ongoing) • >50% on Direct Drill costs & c.9
Slide 29: Investment Summary
STRATEGIC LOCATION For personal use only >2,000km2 prospective land Many processing options EXISTING CORPORATE STRONG LONG-TERM COPPER DEMAND COPPER RESOURCES PERSPECTIVES OUTLOOK With significant growth potential INVESTMENT SUMMARY HLX offers investors rare leverage to copper exploration success fo
Slide 30: Contact
For personal use only CONTACT MIKE ROSENSTREICH Managing Director helix@helixresources.com.au 78 Churchill Avenue, Subiaco WA 6008 T: +61 8 9321 2644 helixresources.com.au ASX:HLX
Slide 31: Appendix A: Mineral Resource Estimates
APPENDIX A MINERAL RESOURCE ESTIMATES For personal use only 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
Slide 32: Appendix B: Key Personnel
APPENDIX B KEY PERSONNEL For personal use only 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 Meagan Hamblin is a Director of Meridian Corporate Consultants with senior executive
Slide 33: Appendix C: Regional Producers & Deposits
APPENDIX C REGIONAL PRODUCERS & DEPOSITS For personal use only 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 B