Helix Resources Limited · ASX:HLX

Helix Resources — Investor Presentation (May 2024)

23 slides from Helix Resources's investor presentation, May 2024

  1. Slide 1: Helix Resources Investor Presentation: Cobar Copper & Gold Hunt

    Helix Resources Investor Presentation Cobar Copper & Gold Hunt Dr Kylie Prendergast Managing Director May 2024

  2. Slide 2: Acknowledgement of Country

    Acknowledgement of Country We would like to acknowledge the Traditional Owners of the Country on which we work to make mineral discoveries in Central Western NSW, the Wangaaypuwan, Ngemba, Ngiyampaa, and Wayilwan peoples. We recognise the continuing connection to lands, waters and communities. We pa

  3. Slide 3: Corporate Snapshot

    Mr. Rosenstreich has a blend of technical and commercial skills gained over 30 years as a mining & exploration geologist and as a resources banker which culminated in various Corporate leading corporate roles discovering, developing and operating gold and base metals Mike Rosenstreich projects and m

  4. Slide 4: The Copper Opportunity

    The Copper Opportunity Helix is solely focused Helix is leveraged on the copper hunt in to new copper and Cobar gold discoveries Cu $ Copper is an essential Copper deficit looming construction, energy and and forecasts are technology metal positive Source: sprott-inforgraphics-the-copper-opportunity

  5. Slide 5: Cobar Focused

    Cobar Focused ENDEAVOR Large strategic land position  ~2900 km2  Copper and gold targets CSA MINE Prolific Proven Region TRITTON  +150 years of metal production  High-grade Cu, Au, Pb, Zn, Ag PEAK MINE HERA GOLD & Proximal to production and FEDERATION processing options  6 base metals/gold oper

  6. Slide 6: Hunting for Big Deposits on Big Structures

    Hunting for Big Deposits on Big Structures Regional metal endowment ENDEAVOR ~4.3 Mt ~5 Moz ~198 Moz ~13 Mt ~31 Mt Copper Gold Silver Lead Zinc CSA MINE South North PEAK MINE Pb HERA GOLD & Au Cu Zn FEDERATION Au Au Au Ag Great Chesney Cu Au Cu Rookery Fault Cu Au Rochford 30 km Refer Appendix B for

  7. Slide 7: Targeting 'CSA style' deposits

    Targeting ‘CSA style’ deposits West East CSA attributes: Surface Canbelego Main Lode MRE1  Large scale: largest operation in the region – ~40kt of copper produced per annum2 500m  Large Endowment : ~1.4 Mt Cu1 and current Mineral Resources2 of 13.3Mt @ 5.3% Cu  Structurally controlled lodes: NNW

  8. Slide 8: Strategy and Targets

    Strategy and Targets 1. Grow existing copper resources through new discoveries 2. Advance and test top copper and gold targets Areas along trend or with prospective features. Not fully Targets or areas that are screened with data anomalous however Coherent anomalies with good Drill discovery, with g

  9. Slide 9: Copper: Poised to grow the resource

    Copper Meryula Rochford Poised to grow the resource  On the Western tenement we are searching for classic Cobar-style copper deposits (CSA analogue)  Canbelego Main Lode Copper Resource - 1.83Mt at 1.74% Cu with 31.8Kt contained copper1  Plan to discover more copper 1. Focus in on 10km zone of Ro

  10. Slide 10: Surface copper footprints Geophysical blueprint

    Surface copper footprints Geophysical blueprint 10 km area of focus IP Geophysics identifies new drill targets ~625m ~350m Canbelego 3D inversion IP chargeability depth slice at 130mRL (175m below surface) 10 INVESTOR PRESENTATION | MAY 2024 | ASX:HLX Refer ASX Announcements: 9 April 2024 and 8 May

  11. Slide 11: Multi-lode copper potential

    Multi-lode copper potential  Drilling planned for mid-May to test new larger Western IP target.  Canbelego Main Lode Copper Resource - 1.83Mt at 1.74% Cu with 31.8Kt contained copper1 Canbelego Drill Highlights1 - 18m @ 1.8 % Cu inc. 10m @ 3.0 % Cu - 16m @ 3.2 % Cu inc. 11m @ 4.6 % Cu - 18m @ 3.4

  12. Slide 12: CSA Copper Mine Canbelego Deposit

    CSA Copper Mine Canbelego Deposit Deep multi-lode copper Open to depth with undrilled IP targets West East West East Surface Undrilled IP Anomalies 500m – Drilled extent QTS Copper Lodes 1000m – 500m Copper lodes extend to more than 2,000 m deep Simplified Canbelego Cross Section. Main Lode Mineral

  13. Slide 13: Further CSA-style copper lode potential

    Further CSA-style copper lode potential  Helix has demonstrated there are copper lodes within the Canbelego copper footprint  ‘Copper footprints’ at Caballero and Bijoux are not well explored  Have some drilling which confirms there are copper sulphides present  Trialling IP geophysics to detect

  14. Slide 14: Caballero

    Caballero Copper sulphides and copper footprint  1.5 km long copper geochemical anomaly  Copper sulphides intersected in drilling - 11m at 0.75 % Cu inc. 3m at 1.8 % Cu (sulphide) 1  Several undrilled areas within the copper anomaly  Geophysics (PDIP) undertaken – results pending Undrilled  Fur

  15. Slide 15: Bijoux

    Bijoux Big untested copper footprint  +2 km long copper geochemical anomaly1  Majority of anomaly is undrilled  Very strong chlorite alteration  Copper intersected all drillholes2 - 36m at 0.99 % Cu inc. 6m at 1.99 % Cu (oxide) - 2m @ 5.76 % Cu (sulphide) - 11m at 0.17 % Cu (northwest drillhole)

  16. Slide 16: New gold and copper

    New gold and copper (Cul) Emerging from the wheatfields Collerina (Ni-Co) Trend (Ni-Co) (Cul) Auger drill programs are ongoing (Aul) Copper Targets  Eastern Tenement is directly south of Aeris’s copper mines (endowment +650 kt Cu) (base metal)  Prospective for Tritton-style massive sulphide copper

  17. Slide 17: New Gold Zone Targets

    New Gold Zone Targets +11km, open north and south New regional auger strategy delivers1 Aldebaran  Rock samples with Au (best 8.9 g/t Au and 0.2 % Cu, plus anomalous As, Sb, Pb)2  Within new +2km auger Au anomaly  Open to the north. Max’s Folly  16m @ 0.35 g/t Au (from surface) in drillhole test

  18. Slide 18: 2024 Outlook

    2024 OUTLOOK Discovery focus – definitively testing targets  Geophysics – IP results from Copper footprints MAY  Commence Drilling – Canbelego IP targets  Auger program – start infill Eastern Tenements Goldfield  Drilling – results & follow up JUNE  Geophysics – ongoing results  Auger program

  19. Slide 19: Corporate Perspectives: Poised for new discoveries

    Corporate Poised for new discoveries Perspectives  Funding: ~$1.68 million* Investment Summary (ASX:HLX)  Robust copper and gold portfolio  Drilling for high-grade copper  ASX leverage to copper & gold discovery  Management and local expertise 19 INVESTOR PRESENTATION | MAY 2024 | ASX:HLX * Mar

  20. Slide 20: Contact

    Contact MIKE ROSENSTREICH Chair KYLIE PRENDERGAST Managing Director [email protected] Level 4, 225 St Georges Terrace, Perth WA 6000 T: +61 8 9321 2644 helixresources.com.au ASX:HLX 20 INVESTOR PRESENTATION | MAY 2024 | ASX:HLX

  21. Slide 21: Appendix A: Mineral Resource Estimates

    APPENDIX A MINERAL RESOURCE ESTIMATES Canbelego Main Lode (June 2023) MRE Category Tonnes Grade (Cu%) Cu-Metal (t) Total opencut MRE, ≥240mRL; 0.3 Cu% cut-off grade & underground MRE, <240mRL; 0.8 Cu% cut-off grade Indicated 340,600 1.65 5,620 Inferred 1,493,700 1.75 26,140 Total: Opencut & Undergro

  22. Slide 22: Appendix B: Regional Producers & Deposits

    APPENDIX B REGIONAL PRODUCERS & DEPOSITS 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 BOPPY GOLD5 CSA MINE2 •

  23. Slide 23: Important Notices

    IMPORTANT NOTICES This presentation has been authorised by the Board of Helix Resources Limited Competent Persons Statement Forward Looking Statements The information in this report that relates to exploration results, and geological data for the Cobar This presentation may include forward-looking s

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