Announcement • May 19
Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.668286 million. Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.668286 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 534,629,052
Price\Range: AUD 0.00125
Discount Per Security: AUD 0.000075
Transaction Features: Subsequent Direct Listing New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Share price has been highly volatile over the past 3 months (79% average weekly change). Earnings have declined by 4.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$36k revenue, or US$25k). Market cap is less than US$10m (AU$5.35m market cap, or US$3.74m). Announcement • Oct 01
Helix Resources Limited, Annual General Meeting, Nov 19, 2025 Helix Resources Limited, Annual General Meeting, Nov 19, 2025. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (71% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m (AU$96k revenue, or US$64k). Market cap is less than US$10m (AU$8.02m market cap, or US$5.30m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Announcement • Sep 19
Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.3 million. Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000,000
Price\Range: AUD 0.001
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Sep 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (68% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m (AU$96k revenue, or US$64k). Market cap is less than US$10m (AU$5.05m market cap, or US$3.36m). Announcement • Sep 11
Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.3 million. Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000,000
Price\Range: AUD 0.001
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Aug 13
Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.68 million. Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.68 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 580,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00005
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,100,000,000
Price\Range: AUD 0.001
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Feb 12
Helix Resources Limited Announces Board Changes Helix Resources Limited announced the appointment of Mr. Kevin Lynn as a non-executive director with immediate effect. Kevin Lynn is a Chartered Accountant with over 35 years of experience in private, public and public-listed companies, particularly within the mining and oil & gas sectors. He has held various roles including as a director, chief financial officer and company secretary. Mr. Lynn holds a Master of Finance and is a Fellow of FINSIA and the Australian Institute of Company Directors. The Company also announced the resignation of Mr. Emmanuel Correia as a Non-Executive Director. Announcement • Jan 24
Helix Resources Limited Announces Resignation of Mr. Michael Rosenstreich as Director Helix Resources Limited announced that Mr. Michael Rosenstreich has resigned with effect 23 January 2025 to pursue other business interests. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m (AU$139k revenue, or US$87k). Market cap is less than US$10m (AU$9.79m market cap, or US$6.10m). Announcement • Dec 25
Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.005
Transaction Features: Subsequent Direct Listing New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$5.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.6m free cash flow). Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m (AU$139k revenue, or US$96k). Minor Risks Shareholders have been diluted in the past year (41% increase in shares outstanding). Market cap is less than US$100m (AU$14.7m market cap, or US$10.1m). Announcement • Sep 23
Helix Resources Limited, Annual General Meeting, Nov 11, 2024 Helix Resources Limited, Annual General Meeting, Nov 11, 2024. New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (38% average weekly change). Earnings have declined by 60% per year over the past 5 years. Revenue is less than US$1m (AU$270k revenue, or US$181k). Market cap is less than US$10m (AU$13.1m market cap, or US$8.75m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (41% increase in shares outstanding). New Risk • May 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 41% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 60% per year over the past 5 years. Revenue is less than US$1m (AU$270k revenue, or US$180k). Market cap is less than US$10m (AU$13.1m market cap, or US$8.70m). Minor Risk Shareholders have been diluted in the past year (41% increase in shares outstanding). Announcement • Apr 23
Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.33 million. Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.33 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000,000
Price\Range: AUD 0.003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 276,666,667
Price\Range: AUD 0.003
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Nov 01
Helix Resources Ltd Announces the Appointment of Emmanuel Correia as Non-Executive Director, Effective 1 November 2023 Helix Resources Ltd. announced the appointment of highly experienced director and corporate finance executive, Mr. Emmanuel Correia to the Board as a non-executive director, effective 1 November 2023. The appointment of Mr. Correia is part of Helix Resources’ board and management transition plan which was devised to ensure strategic continuity focusing on the Company’s key stakeholder relationships, its regional and advanced copper prospects while also enhancing the early-stage exploration experience of the Board. Mr. Correia is a highly credentialed director with over 25 years’ public company and corporate finance experience. He has extensive capital markets experience having managed numerous capital raisings and IPOs for junior ASXlisted companies, as well as providing critical services such as corporate strategy, M&A and governance advice. He was a founding director of broking and advisory firm Peloton Capital and Peloton Advisory and was also a founder of Cardrona Capital which specialised in providing advisory services to the small/mid cap market in Australia before being acquired by a UK-backed private advisory firm seeking expanded capabilities in Australia. He is currently a director of several resources-focused public companies, including BPM Minerals, Pantera Minerals and Top End Energy (TEE). Announcement • Oct 19
Helix Resources Limited, Annual General Meeting, Nov 20, 2023 Helix Resources Limited, Annual General Meeting, Nov 20, 2023, at 10:00 W. Australia Standard Time. Location: At the offices of Argus Corporate Partners Pty Ltd, Level 13 191 St Georges Terrace Perth Western Australia Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2023, which includes the Financial Report, the Directors' Report and the Auditor's Report; to Remuneration Report; to consider re-election of director; to Approval of 10% Placement Capacity; to Renewed Approval of Employee Securities Incentive Plan; to Approval to issue Director Performance Rights; and to consider other matter. New Risk • Sep 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$7.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.6m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 56% per year over the past 5 years. Revenue is less than US$1m (AU$331k revenue, or US$213k). Market cap is less than US$10m (AU$11.6m market cap, or US$7.48m). Announcement • Sep 15
Helix Resources Limited Announces Board Changes Helix Resources Ltd. advised that the Company's Board has agreed to implement a Board and Management Transition Plan (the Transition Plan) in order to bolster the Company's already strong position to make new copper discoveries in the Cobar-Nyngan area of central NSW. The Transition Plan was initiated in response to advice from Mr. Peter Lester, Helix Non-Executive Chair, of his plan to retire from the Board effective 1st November 2023. Mr. Lester has served the Company as Non-Executive Chairman for more than five years and he would like to focus on his other Director and corporate advisory commitments. The Board would like to thank him for his considerable contribution to Helix's success in the Cobar region. From 1st November, Mr. Mike Rosenstreich will step down from his current fulltime position of Managing Director to fulfil the new position of Executive Chair on a part-time basis. Mr. Rosenstreich has played a critical role in directing the Company's overall strategy, highlighted by the accelerated, successful exploration activity in the Cobar region supported by a refreshed share register and major fundraising initiatives. Through this transition Mr. Rosenstreich will assume the responsibilities of Chair of the Board and continue tooversee Helix Resources' investor relations activities, the proposed spin-out of Ionick Metals and various other strategic business and stakeholder related initiatives as well as ensure a thorough handover of his other executive management responsibilities. Current Non-Executive Director, Dr. Kylie Prendergast will take-up the new position of Executive Technical Director as the final piece of the Transition Plan's first stage. Dr. Prendergast is a highly experienced exploration geologist and respected technical leader with over 25 years' experience in the international mining and resource sector working for both `the Majors' and a range of junior companies. Dr. Prendergast's skillset was identified as highly complementary to the Company's copper exploration activities when she was invited to join the Board in May 2022. As an Executive Technical Director, initially on a part-time basis, Dr. Prendergast will collaborate with Helix's Exploration Manager, Mr. Gordon Barnes and the rest of the Orange based team to deliver new copper discoveries in tandem with building up the existing copper resource at the Canbelego Main Lode deposit. As part of the transition, she will work closely with Mr. Rosenstreich whilst assuming increasing administrative responsibilities such as the oversight of the Company finances, leading internal operational reporting and accountability as well as driving the Company's ASX reporting obligations. The second change to the Company's Board structure transition is anticipated to occur around May of 2024 and will see Mr. Rosenstreich shift from Executive Chair to a Non-Executive Chair role. Dr. Prendergast will be appointed Managing Director on a full-time basis after relinquishing the role of Executive Technical Director. Announcement • Feb 07
Helix Resources Limited Provides Update on its Drilling Activities at the Canbelego Copper Project Located Southeast of Cobar in Central NSW, Australia Helix Resources Limited provided an update on its drilling activities at the Canbelego Copper Project located southeast of Cobar in central NSW, Australia. Drill testing of a `high-order' conductive geophysical target has returned visible copper sulphide minerals in drill core over 14m (downhole in CANDD016C) from 594m. Whilst assays are pending, this mineralization occurs in the Canbelego Main Lode position and is potentially continuous with significant copper intercepts approximately 200m higher in the mineralised shear. A diamond drilling program commenced in December 2022 to test the depth continuity of copper mineralization within the Canbelego Main Lode Shear. A bold initiative to step down 200m below the level of any previous drill intercepts with two diamond core "parent' holes created the platform for DHEM surveys and further daughter drill holes. The DHEM surveys from both parent holes (CANDD015 & 16) each generated highly conductive geophysical targets interpreted as high-grade copper shoots. Following several attempts in challenging conditions for directional drilling, daughter-hole CANDD016C was completed after successfully testing the central portion of the conductive targets. The target is represented by a 14m intersection of chalcopyrite veins and stringers and a 1m interval of semi- massive chalcopyrite4. Helix's geologists have described the mineralisation as similar to that intersected in CANDD006 which yielded 5.3m at 3.3% Cu. The CANDD016C Main Lode intercept is approximately 185m below CANDD012, which returned 14.3m at 1.96% Cu from 417m, including 8.3m at 2.82% Cu. There is no drilling between CANDD012 and CANDD016C in a zone which is occupied by EM conductor plates from the recent DHEM surveys. There appears to be ample scope for further copper mineralisation within this section of the Canbelego Main Lode Shear to contribute to an updated Mineral Resource estimate. In light of this encouraging result, the drilling strategy is being reviewed in this area; additional drilling ahead of the new Mineral Resource estimate may push back the timing to enable more data to be included. The modelled conductive plates have proven to be very accurate in predicting the position of the copper shoot with the actual intersection at 594m within metres of the predicted conductive target depth. DHEM surveys modelling of results is currently underway for hole CANDD015A and 16C to further resolve the conductive plates and guide further drilling. TECHNICAL REPORT CANBELEGO DRILLING: The following section provides an update of the drilling at the Canbelego Main Lode, in particular observed copper mineralisation in the recently completed diamond hole CANDD016C, testing a high-order conductive target from DHEM surveys. The Canbelego Copper Project lies along the regional scale Rochford Copper Trend. The Project falls within the 70:30 `contributing' joint venture (JV) with Aeris Resources Ltd. The Rochford Trend has the potential to host `Cobar-style' copper deposits analogous to the large-scale, high-grade mineralisation found at the nearby CSA Copper Mine, under offer from Metals Acquisition Corp. In 2021, the JV drilled five diamond drillholes for nearly 2,000 metres around and beneath the Canbelego Mineral Resource at Main Lode, after an 8-year exploration hiatus. Positive results led to further RC and diamond drilling highlighting high-grade shoot extensions on the Canbelego `Main Lode' and identifying new, multiple, parallel lode positions, the `Western Lodes' to the west of the Main Lode. Current Diamond Drilling Program: In December 2022 two deep "step-out" diamond drill holes were completed to test the continuity of high-grade copper mineralisation 200m down plunge from known drill intercepts and to create a platform for DHEM surveys to test for the continuity of high-grade copper shoots. These were the `Parent' holes CANDD015 and CANDD016. Both holes intersected the Canbelego Main Lode Shear and visible copper sulphides were logged6&7. The DHEM surveying of both holes identified highly significant conductive anomalies of a scale and intensity never recorded on the project before. The central position of the modelled conductive plates effectively occurs equidistant from both the Parent drill holes collars which made drill testing with `daughter holes' challenging. Hole CANDD016C targeted the intersection of two modelled EM conductor plates defined by the CANDD016 DHEM survey. The depth of the target was 600m downhole. CANDD016C was wedged off the parent hole from 242.2m, and after four Navi cuts to control the hole trajectory, it intersected 14m of visible copper mineralisation 8 from 594m at the targeted position and was drilled to a final depth of 642.7m. This is one of the deepest copper intercepts to date at Canbelego and is 320m vertically below the base of the current 2010 Inferred Mineral Resource outline. The mineralised zone consists of weak to strong chalcopyrite veins and stringers including a 1m interval of semi-massive chalcopyrite and brecciated quartz veins. The tenor and style of the chalcopyrite mineralisation in CANDD016C appears similar to the mineralization intersected in CANDD006, which returned 5.3m at 3.34% Cu from 421m. The CANDD016C Main Lode intercept is approximately 185m below CANDD012, which returned 14.3m at 1.96% Cu from 417m, including 8.3m at 2.82% Cu located approximately 50m south of the CANDD006 intercept. There is no drilling between CANDD012 (CANDD006) and CANDD016C in a zone which is occupied by EM conductor plates which extend up and down plunge, surveyed from holes CANDD015 and CANDD016. There is a large volume of untested conductive anomalies, suggesting ample scope for further copper discovery within this section of the Canbelego Main Lode Shear. A distinctive feature of the semi-massive chalcopyrite mineralisation in CANDD016C is the presence of up to 4% pyrrhotite. Pyrrhotite is magnetic and conductive, and it may enhance the conductive response identified in the CANDD015 and CANDD016 DHEM surveys. Generally, only traces of pyrrhotite have been observed associated with the copper mineralisation to date. DHEM surveys are in progress for CANDD015A and CANDD016C. The results from these surveys will provide further resolution of the conductors within this zone, which will guide further drill planning. DHEM modelling results are expected in mid-February. The ongoing drill program will have the advantage of these DHEM conductive models which have so far proven to be highly accurate predictors. As well, drill hole locations can now be optimised for more efficient and accurate directional drilling. Core processing and logging of CANDD016C is in progress. Samples will be submitted for assay shortly with results expected in March. Announcement • Jan 31
Helix Resources Limited Announces RC Drilling Intersects Shallow Copper, Diamond Drilling Continues at Canbelego Helix Resources Limited provided an update on its drilling activities at the Canbelego Copper Project located southeast of Cobar in central NSW, Australia. RC Drilling: A RC drilling program which commenced on 17 January 2023 to test for extensions of shallow high-grade copper mineralisation at the Canbelego Main Lode is now complete. A total 906m was drilled in 7 holes. Significant copper mineralisation was observed in 5 drill holes following up extensions of a high-grade interval (16m at 3.21% Cu from 117m in CBLRC057) reported in October 2022. Visual logs indicate weak, medium and strong copper mineralisation extending 60m up dip from CBLRC057 over downhole widths of 12m to 51m. This zone extends approximately 120m along strike to the south of the historic workings, with mineralisation open towards the workings. Assays are pending, but these observations are very encouraging for important extensions of shallow high-grade copper mineralisation which could add to the tonnes and grade of the existing 2010 Inferred Mineral Resource estimate of 1.5 million tonnes at 1.2% Cu. Diamond Core Drilling: The deeper diamond drilling program resumed on 13 January to test highly conductive geophysical targets interpreted as high-grade copper shoots, reported in December 2022. Drillhole CANDD016C is underway at approximately 550m depth approaching the target zone. Hole CANDD016A deviated away from the target point significantly despite several `Navi-cuts' and other directional interventions to steer the hole back online. It did intersect significant zones of copper sulphide mineralisation at the Main Lode shear position, but the observed mineralisation does not explain the intense downhole electromagnetic (DHEM) conductive response that defines the target. A subsequent attempt to `run-off' a daughter hole (CANDD016B) from 396m downhole was unable to achieve sufficient divergence from the parent hole (CANDD016) to attain the target trajectory and was abandoned. CAND016C has been successfully wedged off from 280m downhole and is currently on track to hit the central position of the high-conductance target. The following section provides an update of the drilling at the Canbelego Main Lode, in particular observed copper mineralisation in the shallow RC drilling program just completed and in diamond hole CANDD016A. The Canbelego Copper Project lies along the regional scale Rochford Copper Trend. The Project falls within the 70:30 `contributing' joint venture (JV) with Aeris Resources Ltd. (Helix 70% and Manager, Aeris 30%). The Rochford Trend has the potential to host `Cobar-style' copper deposits analogous to the large-scale, high-grade mineralisation found at the nearby CSA Copper Mine, under offer from Metals Acquisition Corp. In 2021, the JV drilled five diamond drillholes for nearly 2,000 metres around and beneath the Canbelego Mineral Resource at Main Lode, after an 8-year exploration hiatus. Positive results led to further RC and diamond drilling highlighting high-grade shoot extensions on the Canbelego `Main Lode' and identifying new, multiple, parallel lode positions, the `Western Lodes' to the west of the Main Lode. A total of 906m of RC drilling was completed in 7 holes over 8 days commencing 17 January 2023. The objective was to follow-up a high-grade intercept of 16m at 3.2% Cu (CBLRC057) reported in October 2022 which highlighted the potential of extensions up dip and along strike to the north towards the historical underground workings. Historical drilling in the vicinity from the 1990's is not suitable for use in an updated Mineral Resource estimate due to uncertainties with the hole locations - a further reason for undertaking this RC program. Significant copper mineralisation was observed 6 and logged in five of the seven RC holes including: 51m of weak to strong chalcopyrite veins from 84m including 2m of semi-massive chalcopyrite from 104m (CBLRC062); 25m of medium to strong chalcopyrite veins from 108m downhole (CBLRC059); 27m of weak to strong chalcopyrite veins from 80m downhole including 2m of semi-massive chalcopyrite from 103m (CBLRC060); 12m of weak to strong chalcopyrite veins from 65m including 1m of massive chalcopyrite from 72m (CBLRC063); Malachite, azurite and chalcocite was also noted in several holes, indicating potential for shallow oxide copper resources. The copper mineralisation has drill widths of 12m to 51m within a steep west-dipping zone, which also hosts the high-grade copper intercept in CBLRC057. Significantly, the CBLRC057 intercept is down-dip of the visual intercepts in CBLRC062 and CBLRC063, indicating this zone extends down-dip for at least 60m from CBLRC063 and remains open for approximately 60m up-dip towards the surface. In December 2022 two deep "step-out" diamond drill holes were completed to test the continuity of high-grade copper mineralisation 200m down plunge from known drill intercepts and to create a platform for DHEM surveys to test for the continuity of high-grade shoots. These were the `Parent' holes CANDD015 and CANDD016. Both holes intersected the Canbelego Main Lode shear and visible copper sulphides were logged. The DHEM surveying of both holes identified highly significant conductive anomalies of a scale and intensity never recorded on the project before. The central position of the modelled conductive plates effectively occurs equidistant from both the Parent drill holes collars. This further exacerbates the directional drilling challenges of the daughter holes to test the conductive plates in difficult ground conditions. Hence, several attempts were required for a successful test with hole CANDD016C in progress, at 550m and on track. Leading up to the current drill test - hole CANDD016A had to be suspended in mid-December due to a mechanical failure on the rig. On resumption of drilling on 13 January it deviated away from the target point despite several `Navi-cuts' and other directional interventions to steer the hole back to its target trajectory. Despite this, it did intersect significant zones of copper sulphide mineralisation at the Main Lode shear position, however the observed mineralisation does not explain the intense DHEM conductive response that defines the target. A subsequent attempt to `run-off' a daughter hole (CANDD016B) from 396m downhole was unable to achieve sufficient divergence from the parent hole (CANDD016) to attain the target trajectory and was abandoned. CAND016C has been successfully wedged off from 280m downhole and is currently at 550m and is on track to hit the central position of the high-conductance target. Geological logging of the first daughter hole from CANDD016, CANDD016A has been completed. The Main Canbelego Lode Shear Zone was intersected at 560m, which included a 25m downhole interval of weak to strong chalcopyrite veins with associated strong black chlorite alteration. Announcement • Jan 17
Helix Resources Limited Announces RC Drilling Starts At Canbelego Copper Project Helix Resources Limited announced that Mitchell Services Ltd. has mobilised a RC rig to the Canbelego Copper Project and commenced drilling on 17 January 2023. A program of approximately 1,000m comprising 6-8 holes is designed to infill shallow copper mineralisation ahead of an updated Mineral Resource estimate planned for late March 2023. Results from late 2022 such as CBLRC057 intersecting 16m at 3.21% Cu from 117m downhole (including 11m at 4.58% Cu) highlighted possible extensions of high-grade copper mineralisation at shallow levels which this drilling plans to infill. The present Inferred Mineral Resource estimate of 1.5 million tonnes at 1.2% Cu3 was undertaken in October 2010. The company's drilling on behalf of the joint venture has identified new high-grade copper shoots that continue with depth for several hundred metres below the existing Mineral Resource. An updated Mineral Resource estimate is appropriate to provide an interim basis for early-stage development studies. The deeper diamond drilling program resumed on 13 January with drilling in progress to test highly conductive geophysical targets reported in December 2022. Initial results are expected in late January. Announcement • Dec 20
Helix Resources Limited Update on the Recently Completed Daughter Hole' Testing a Large Dhem Anomaly at Its Canbelego Joint Venture Project Located in the Cobar Region of NSW Helix Resources Limited providing an update on the recently completed daughter hole' testing a large DHEM anomaly at its Canbelego Joint Venture (JV) Project located in the Cobar region of NSW. Significant DHEM, conductive targets were discovered from two, deep `Parent' holes, CANDD015 and 016 which successfully demonstrated the down-dip continuity of the Canbelego Main Lode for a further 400m below the base of the 2010 Mineral Resource. These large-scale, highly conductive targets are interpreted as high-grade copper shoots plunging within the overall shear zone hosting the Canbelego copper mineralisation. Two `daughter' holes (CANDD015A and 16A) were designed to test these targets. The results summarised above and described fully in the following "Technical Report" section, demonstrate drill hole CANDD015A has `narrowly' missed the target conductor. The scale and prospectivity of these targets has not changed. In challenging conditions for tight directional drilling, utilising three Navi-cuts and various other measures to steer the hole trajectory, this first test appears to have just clipped the shoot. At the target position, disseminated and vein copper sulphides (chalcopyrite) was observed in drill core which is not consistent with the intensity of the conductive responses from the DHEM surveys in holes CANDD015 or 016 and the targets remain untested. The other daughter hole, CANDD016 was suspended due to a mechanical failure approximately 80m off the target. Drilling will resume on the 9 January 2023 to complete this hole, undertake DHEM of the `near-miss' in CANDD015A and continue to test these highly significant targets for high-grade copper mineralisation. Announcement • Dec 13
Helix Resources Limited Provides Canbelego Drilling Update Helix Resources Limited provided an update on the current diamond drilling campaign at the Company's Canbelego Joint Venture (JV) Project located in the Cobar region of NSW. Drillholes CANDD015A and CANDD016A are testing large scale downhole electromagnetic (DHEM) conductive targets prospective for high-grade copper mineralisation at the Canbelego Main Lode project. The Company has been testing these targets with `daughter' holes utilising two rigs. One of the rigs has suffered a mechanical malfunction drilling hole CANDD016A, with the rig being mobilised to the nearby town of Dubbo for repair. It is not expected back on site until the resumption of drilling in January 2023. The hole was at 522.7 metres (m), approximately 80m off the interpreted target position. The Company has proactively shifted its focus to hole CANDD015A, which is now operating on a double-shift basis. CANDD015A is currently at 355m and approximately 260m to the target zone. Subject to no further delays, from either weather events or mechanical issues, the Company intends to complete this drill hole prior to the Christmas shutdown period. Work is planned to resume on site on the 9 January 2023. Announcement • Dec 08
Helix Resources Limited Announces Discovery of Further Large Scale, Conductive Targets from Dhem Surveying on the Second of Two Deep Diamond Drill Holes Completed at Canbelego Joint Venture Project Helix Resources Limited announced the discovery of further large scale, conductive targets from DHEM surveying on the second of two deep diamond drill holes completed at the Company's Canbelego Joint Venture (JV) Project located in the Cobar region of NSW. The conductive targets are interpreted as distinct, high-grade copper shoots, not intersected by any previous drilling. In addition to identifying further conductive anomalies, this second `deep-drill' test, CANDD016 (following on from CANDD015 reported to the ASX on 30 November 2022), also intersected copper sulphide mineralisation at the predicted down-dip position of the lode structure. The two, deep `Parent' holes, were drilled to definitively test the down-plunge continuity of high-grade copper shoots identified by drilling over the past year extending up to 200m below the base of the 2010 Inferred MineralResource estimate 3. The results highlighted above and described fully in the following "Technical Report" section, demonstrate drill holes CANDD015 and 016 which are 200m apart, have identified a series of new, large-scale, highly conductive targets. These are in an area not previously intersected by any drilling within the interpreted host shear of the Canbelego copper mineralisation. Several conductive plates were modelled from the CANDD016 survey; north-plunging and measuring 225m by 25m and south plunging plate measuring 265m by 25m both of which extend well below the drill hole, demonstrating further depth potential. A major 400m by 70m plate was detected by the CANDD015 DHEM survey, as reported 30 November 2022. Critically, these `strong' off hole conductive zones do not appear to be linked to the disseminated and vein chalcopyrite (CuFeS2) mineralisation intersected within the respective drill holes. Furthermore, the DHEM survey in CANDD016 has recorded the highest conductive responses ever measured on the Canbelego Lode structure. These are ongoing positive and highly significant technical outcomes which the Company is pursuing with two drill holes in progress to follow-up and test these highly conductive zones. Going well, the drilling currently in progress will intersect well developed copper sulphide zones, either thicker or higher grade, occurring as sizable shoots within the Canbelego shear zone. Geological logging and sampling are underway for CANDD015 and 016 and assays are expected early in the new year. Two daughter holes (CANDD015A and CANDD016A) are in progress designed to intersect the conductor plates identified by DHEM surveys in the parent holes. CANDD015A (planned depth 580m) is targeting approximately 70m below the mineralisation intersected in CANDD012 and CANDD016A (planned depth 660m) is targeting the high-conductance zone approximately 50 south of CANDD016. These holes will be completed in mid-December with logging and processing of these holes to continue into the new year. Announcement • Nov 30
Helix Resources Limited Announces Deep Drilling Yields Major Conductive Copper Target Helix Resources Limited announced the discovery of a large untested DHEM anomaly in addition to the intersection of copper sulphide mineralisation from a bold drilling campaign at its Canbelego Joint Venture (JV) Project located in the Cobar region of NSW. Two, deep `Parent' holes, CANDD015 and 016 have been designed to definitively test the down-plunge continuity of high-grade copper shoots identified by drilling over the past year extending up to 200m below the base of the 2010 Inferred Mineral Resource estimate. The results highlighted above and described fully in the following "Technical Report" section, demonstrate drill hole CANDD015 has identified new, large-scale, conductive targets in an area not previously intersected by any drilling within the interpreted host shears to the Canbelego copper mineralisation. Furthermore, the visual observations of copper minerals (chalcopyrite) in the drill core at the predicted target positions for both the Canbelego Main Lode and the new, Western Lode positions is further confirmation for the vertical continuity of the overall Canbelego copper mineralised system. Modelling work on the DHEM data indicates the chalcopyrite mineralisation observed in CANDD015 was detected by the DHEM but does not appear to be linked to the more intense conductive response of the new modelled conductive targets. Preliminary interpretation suggests a new, north-plunging, large-scale shoot structure has been detected by the DHEM. The shoot appears hosted within the steeply dipping, NNW striking shear structures and has the hallmarks of a `Cobar-style' high-grade copper lode. The geometry of this shoot will be further refined by a DHEM survey on CANDD016, which will commence as soon as this hole is completed. Rapid drill follow-up is anticipated with CANDD016 which will now be extended to a final depth of at least 700m to intersect the northern, down-plunge portion of the new conductor. The up-plunge, southern section of the conductor will be tested by a new daughter hole (CANDD015A) which has just been wedged and is currently at 230m. Geological logging and sampling are underway for CANDD015 and assays are expected early in the new year. HIGHLIGHTS: Downhole Electromagnetic (DHEM) survey identifies major off-hole conductive copper target measuring ~400 metres (m) by 70m (surveyed from CANDD015). - Large DHEM target yet measured on the project - with strong conductive response of 500S to 1000S supported by DHEM data from earlier peripheral drillholes. - Target plunges 600 to 700 to the north and has never been intersected by previous drilling - The Target comprises multiple mid- and late-channel conductor plates. Copper sulphide mineralisation observed in drill core within two shear zones corresponding to the shears which host the upper Western Lodes and deeper Canbelego Main Lode positions; - The Main Lode - 5m interval of medium to strong chalcopyrite (copper sulphide) mineralisation within a 15.2m zone of a variably copper-mineralised shear from 539.6 m downhole; and - The Western Lodes position - 22m interval of weak to medium chalcopyrite mineralisation with occasional 1m intervals of strong (>10%) chalcopyrite from 539.6m downhole. Preliminary conclusions - the first of these `deep drill' tests has: - created a highly successful DHEM platform achieving fresh ground coverage and identifying new, large, high-integrity conductive targets; and - confirmed the vertical continuity of both the Main Lode - which hosts the 2010 Inferred Mineral Resource and the newly identified Western Lodes - however, this mineralisation does not appear to be linked to the more intense response from the new off-hole conductor(s). Drilling is ongoing on an accelerated basis following these exceptional, prospective results; - Second `deep parent' hole (CANDD016) currently at 630m and will be extended to at least 700m to test the down-plunge of the new, 400m long DHEM conductor. - First `daughter' hole CANDD015A wedged from CANDD015 commencing, designed to test up-plunge portion of the new DHEM conductor. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Kylie Prendergast was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 21
Helix Resources Limited, Annual General Meeting, Nov 24, 2022 Helix Resources Limited, Annual General Meeting, Nov 24, 2022, at 09:00 W. Australia Standard Time. Location: 78 Churchill Avenue, Subiaco WA 6008 Subiaco Western Australia Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2022, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider adoption of remuneration report; to consider re-election of director. Announcement • Oct 10
Helix Resources Limited Provides Update on Ongoing Copper Exploration Drilling at its Canbelego Joint Venture Project Located in Cobar Region of NSW Helix Resources Limited provided an update on the ongoing copper exploration drilling at its Canbelego Joint Venture (JV) Project located in the Cobar region of NSW. The Company has received assays for two further diamond drill holes and one RC hole within the Canbelego Main Lode project area. TECHNICAL REPORT CANBELEGO DRILLING: Canbelego Main Lode Drilling Results: South Shoot: Infill confirmation within resource outline and potential extensions RC hole, CBLRC057 intersected a 16m zone from 32m of disseminated malachite and azurite, with chalcocite at the base of the oxide zone (all copper oxide minerals), followed by several zones of chalcopyrite (copper- sulphide mineral) in the primary zone. A 34m zone from 111m consisted of disseminated, vein and semi-massive chalcopyrite in the Canbelego Main Lode position and returned the following significant intercept: 16m at 3.21% Cu from 117m, downhole; including 11m at 4.58% Cu from 129m. This intercept is approximately 109m vertically from surface and is the high-grade copper intercept in the upper 150m of the Main Lode to date, confirming potential for high-grade copper mineralisation at shallower depths. This is exemplified by a 3m interval from 120m downhole that assayed 9.54% Cu, with two contiguous samples assaying >10% Cu. This hole was designed to test the central position of the South Shoot that was initially identified by RC hole CANRC002 drilled by Nord Pacific in 1997, which intersected 10m at 2% Cu from 145m. However, this series of 1997 drill holes were located on a local-grid that was subsequently converted to AMG grid coordinates. Around 2010, when the Mineral Resource estimate was undertaken it was found that the AMG grid conversion was incorrect, the intercept could not be accurately located and therefore the results for CANRC002 had to be excluded from the resource estimate. Helix is reviewing this data as part of its own interpretation and modelling ahead of any updated Mineral Resource estimates and drilled CBLRC057 to ensure accurate modelling of the mineralisation in this area of the South Shoot position. Diamond core hole, CANDD013 targeted the down-plunge extension of the South Shoot and intersected a 6.3m zone of pervasive chlorite alteration and quartz veins with chalcopyrite veins from 157m, including a 40cm zone of >8% chalcopyrite within a broader 1.3m interval which assayed 4.0% Cu. The narrow interval of semi-massive chalcopyrite within a broader copper-anomalous zone from 153m indicates that CANDD013 intersected the southern edge of the South Shoot position. This is encouraging for testing the open-ended southerly plunge of this shoot which is also supported by an interpreted downhole electromagnetic plate. North Shoot: Potential Resource Extensions CANDD012 targeted the interpreted `North Shoot' position 45m down-plunge from CANDD002 (14m at 4.4% Cu3) and intersected a 14.3m mineralised interval of chalcopyrite (copper-sulphide) veins from 417m, including a 5.3m strongly mineralised zone from 426m with up to 10% chalcopyrite in veins and breccia matrix within strong green and black chlorite alteration. This interval returned the following significant copper intercept: 14.3m at 1.96% Cu from 417m, downhole; including 8.3m at 2.82% Cu from 423m. The lower 5.3m of this interval assayed 3.68% Cu and included a maximum assay of 5.50% Cu, indicating continuity with similar high-grade copper mineralisation in CANDD002, which is 45m `up-plunge'. This high-grade copper shoot position occurs well beyond the existing Mineral Resource4 outline and remains open at depth. The assay results for holes CBLRC057 and to some extent CANDD013, confirm the South Shoot as having significant copper grade and the potential to extend beyond the existing Mineral Resource outline. Results for CANDD012 add further high-grade scale to the North Shoot which also remains open at depth to the south. Planned Canbelego Main Lode Drilling: The Company has commenced drilling two, bold, long diamond holes to test the Canbelego Main Lode system to a vertical depth of 550m depth. Current drill testing is to 350-400m depth and the base of the current Mineral Resource4 estimate is to 270m depth. Background: The Company's exploration team has been building up a geological model based on the Cobar-style of mineralisation with Glencore's CSA Mine an example of these high-grade, vertically extensive large-scale copper deposits. This deposit style typically has a short footprint but very long vertical dimensions and occurs in a series of parallel, en-echelon lodes. They can extend for +2,000m vertically, and typically do not reach the surface, which makes the Western Lodes within the Greater Canbelego project area, ongoing viable targets as well as the depth potential of the Main Lode. When drilling resumed at Canbelego in April 2021, following an 8 year hiatus, very little of the previous drill core or samples were available to relog to collect specific geological/structural data. Therefore, the 2021 drilling campaign started cautiously stepping away from the known mineralisation on 40-50m spacings and successfully intersected new, high-grade copper zones and generated vital structural data for an updated predictive geological model. Discussion: The new data and interpretations generated by Helix generates the confidence to now step-out and down-plunge 150-200m vertically to test, in large increments the depth potential of this lode-system. There remains some ambiguity whether the shoots plunge south but are constrained in an overall north trending envelope or if the whole system plunges south. Two Parent diamond drill holes are planned, each approximately 660m deep to test the extensions of the north- and south plunges as depicted in the lower portions of Canbelego Long Section and Schematic Cross Section. These drill holes will target the mineralised zones and also create a platform for downhole electromagnetic surveys vital for detecting a near-miss and vectoring additional drilling toward conductive targets. Subject to these results, the Parent holes can also be utilised to wedge-off daughter holes to rapidly and more cost effectively test whatever mineralisation or geophysical targets are generated. Reported Earnings • Sep 28
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2021) Full year 2022 results: AU$0.001 loss per share (in line with FY 2021). Net loss: AU$1.98m (loss widened 137% from FY 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Sep 01
Helix Resources Limited Provides an Update on the Ongoing Copper Exploration Drilling At Its Canbelego Joint Venture Project Located in the Cobar Region of NSW Helix Resources Limited provided an update on the ongoing copper exploration drilling at its Canbelego Joint Venture (JV) Project located in the Cobar region of NSW. The Company has received assays for two further diamond drill holes and the results of three DHEM surveys all designed to test for extensions of the North and South shoots defined within the Canbelego Main Lode. The drilling program at Canbelego Main Lode continues to confirm continuity of mineralised structures with copper mineralisation intersected in drill holes at the predicted lode positions. The assay and visual results for holes CANDD002, CANDD010 and CANDD012, confirm continuity of significant copper grade within the North Shoot position of the Main Lode, well beyond the existing resource shell 3, which remains open at depth. A better understanding on the controls of the higher-grade core zones to the shoot positions within the Main Lode is still being progressed. Significant, but lower grade copper intercepts are reported from CANDD010 and CAND011. Visual results2 of observed copper mineralisation (chalcopyrite) in the last two diamond holes of that program (CANDD012 and CANDD013) are also reported which support further extension of the respective shoots, with assays are pending and expected in mid-September. DHEM surveys have also been undertaken on three diamond drill holes, (CANDD007, CANDD009 and CANDD013). Modelling of the results indicate that low, moderate and strong off-hole conductors are present providing encouragement to continue testing down plunge for extensions of the intersected high-grade core zones of the respective lode positions. Concurrently, Helix is continuing its reverse circulation drilling program in the greater Canbelego and Caballero prospect areas with 21 drill holes completed to date and 3,000 samples submitted for assay with results expected to start flowing in mid-September. Announcement • Aug 12
Helix Resources Limited Announces Regional Scale Copper Sampling Program to Commence Helix Resources announced the imminent commencement of a regional scale auger geochemical sampling program. The objective is to rapidly evaluate numerous historical and early-stage targets to identify and advance new copper prospects to add to its existing Mineral Resource inventory at its copper projects located in the Cobar region of NSW. Having secured a strong funding position in May 2022 and built up its Orange based exploration team the Company is now aggressively widening its regional scale exploration activities to maximise its potential for a major copper discovery. These additional activities include the new geochemical auger program, additional airborne geophysical surveys and reprocessing of existing large data sets, regional structural mapping and interpretation. Concurrently, Helix is continuing an active ongoing reverse-circulation (RC) and diamond drilling programs on more advanced targets. These regional scale exploration initiatives are designed to generate additional advanced targets to increase the level of drilling activity to deliver significant growth of the existing copper resource base. Regional Geochemical Auger Drill Sampling: Following analysis of historical auger soil sampling data overlain on recent detailed landform and regolith mapping the Company can interpret which of the historical soil sampling was not effective due to being over areas of transported cover. It has also highlighted areas which it thinks will be amenable to first pass coverage to assess recent VTEM anomalies and various prospects which have never truly been assessed in a systematic manner. This program, comprises approximately 13,000 holes/samples and will be ongoing for the next 12 months involving 1 to 2 special purpose hydraulic auger rigs. Several traverses of aircore or slim-line RC drilling are being contemplated on the recently granted Exploration Licences overlying the newly identified Quanda Trend to initially map the depth of cover to provide context for further geochemical sampling and airborne geophysical surveys. Knowing "what" is being sampled by the auger drilling is critical to understanding the resultant geochemical assays. This requires mapping and interpreting the landforms and regolith profiles i.e., the erosional or depositional regimes and weathering history of the different areas. To advance this knowledge, Helix utilised "Sentinel" multispectral satellite data overlain onto a new high-quality, detailed elevation data to provide robust context in planning areas suitable for auger geochemical sampling. Sampling using a hydraulic auger rig is shallow, generally less than 5 metres depth, but occasionally deeper, so it is important to identify areas which are suitable to test for geochemical anomalies related to underlying bedrock hosted mineralisation. There are significant areas of transported cover on Helix's tenure which mask any geochemical signals that could disperse from the underlying bedrock. These areas have been excised from the planned coverage areas. There are also areas covered by historical Helix hand-auger sampling which appear to have been too shallow for effective sampling and will be retested with hydraulic auger and sampled under geological supervision. The sampling procedure will be to collect a 0.5 to 1.0 kg sample of `minus-2mm' materials from each hole and submit for low-level, multi-element analysis to generate multifactor geochemical anomaly maps. The Helix personnel supervising the drilling will also utilise portable, handheld XRF analyser to "live-map" certain elements and optimise the sampling survey. The assay results are expected to have a turn-around time in the laboratory of approximately 30 to 45 days. To better understand the regolith over the newly identified Quanda Trend, where there is very little to no historical exploration or outcrop, the Company plans to undertake several traverses utilising vertical aircore or a slimline RC drill method to `map' the regolith. Mapping the weathering profile down the hole and contouring the depth to bedrock from surface and understanding the extent of transported cover will assist in planning effective geophysical and geochemical surveys in the future. Commensurate with the regolith analysis, the Company is also compiling and interpreting various geological, elevation, geochemical and geophysical data sets to better understand the key geological structures controlling the distribution of mineralisation - at both regional and prospect scales. One of the exciting new aspects to arise from this work is the identification of two additional distinctive mineralised trends prospective for copper termed the `Restdown Trend' and the `Quanda Trend' in the Western and Eastern tenement groups, respectively. A review of the existing geophysical data and the information from the upcoming auger-sampling program will contribute to better define these trends ahead of further airborne geophysical surveys such as VTEM - a very successful prospecting tool in the greater Cobar region. Next Steps: Auger drilling will commence imminently and to be ongoing for the next 9-12 months with 1 to 2 rigs active at any one time. The timing of areas to test will be dictated by land access matters such as weather and cropping activities. Therefore, the initial auger program will commence on the Western Tenement group areas where the land use is predominantly open range grazing compared to the cropping intensive activities in the east. Helix has capacity and the ability to rapidly follow up (subject to land access and approvals from NSW Resources) to tighten up sample spacing to define copper targets for drill testing - with either /or a combination of geophysics, infill auger or scout RC drilling. The Company looks forward to providing regular updates on the geochemical results for this regional scale program over the existing and newly emerging copper-mineralised trends. Announcement • Jul 13
Helix Resources Limited Announces More Visual Copper and New Rc Drilling Starts Rochford Copper Trend Helix Resources Limited provide an update on the ongoing exploration drilling on the Rochford Copper Trend at its Canbelego Joint Venture Project located in the Cobar region of NSW. A ~5,000m RC drilling program has recently commenced to test copper-lode targets in the `Greater Canbelego' area and the Caballero Prospect which is located 2.5km south of Canbelego Main Lode, along the Rochford Trend. The RC drilling follows the completion of the latest Canbelego Main Lode diamond drilling program, consisting of four drill holes, CANDD010 to ANDD013. The diamond drill holes tested the new geological interpretation for the Canbelego Main Lode of a high-grade copper shoot plunging south, not north, highlighted by the ANDD002 intercept of 14m at 4.2% copper2 and potentially a second shoot to the southeast. Preliminary geological logging is highly encouraging with copper minerals observed3 at the northern shoot position in drillholes CANDD010 and 012. These were drilled approximately 50 metres `up' and `down'-plunge (respectively) from the high-grade copper intercept in CANDD002. Helix geologists recorded narrow zones of high-intensity chalcopyrite (copper sulphide) veins within broader zones of disseminated chalcopyrite. The southern shoot position was tested with CANDD011 and CANDD013. CANDD011 intersected a broad ~18m interval of disseminated and vein chalcopyrite and CANDD013 intersected a narrow zone (<3m) of vein and disseminated chalcopyrite, including a 40cm zone of >10% chalcopyrite, in the interpreted `South Shoot' position. All assays for CANDD010 to 013 are pending. The first two RC holes of the new RC program both hit visual copper mineralisation testing a newly identified parallel lode position (CBW1) 200m west of the Canbelego Main Lode. One drillhole intersected oxide copper minerals (malachite and chalcocite) at shallow depths (7 to 34m downhole in CBLRC032). The second hole intersected a 4m interval of disseminated and vein chalcopyrite from 94m in CBLRC031. These intersects extend the mineralisation in the CBW1 Lode approximately 60 metres to the north and this lode remains open to the north and at depth. The RC drilling program will continue testing the newly identified parallel lode positions to the west of the Canbelego Main Lode and then move south to the Caballero Prospect to follow-up on promising anomalous RC drill results returned in 2018 but not followed up. The Canbelego Copper Project lies along the regional scale Rochford Copper Trend. It is a 70:30 `contributing' JV (Helix 70% and Manager, Aeris Resources Ltd. (ASX:AIS) 30%). The Company considers that the Rochford Trend has the potential to host `Cobar-style' copper deposits analogous to the large-scale, high-grade mineralisation found at the nearby CSA Copper Mine. In 2021, the JV drilled five diamond drillholes for nearly 2,000 metres around and beneath the Canbelego Mineral Resource4 or Main Lode, after an 8-year exploration hiatus. Since then, further RC and diamond drilling has been undertaken identifying new, parallel lode positions to the west of the Canbelego Main Lode and highlighting high-grade shoot extensions on the Main Lode. In addition, Helix has undertaken detailed geological and structural logging of all its drill core which is yielding new interpretations which are being utilised to target the current round of drilling. Four diamond core holes have recently been completed into the Main Lode (CANDD010 to CANDD013) targeting down dip extensions of high-grade mineralised shoots. Visual observations5 of copper minerals are reported for all four diamond holes, albeit those for CANDD013 are preliminary and made whilst the core was on the drill site. RC drilling is currently in progress, following up the anomalous copper results returned from RC drilling in early 20226 in the parallel lode positions west of the Canbelego Main Lode. This report provides an update of the visual results from CANDD010 to CANDD013 and the first two RC holes and an outline of the ~5,000m RC program, which commenced on 8 July 2022. Announcement • Jun 02
Helix Resources Limited Provides Visual Copper Sulphide and Canbelego Exploration Update Helix Resources Limited provided an update on the ongoing copper exploration drilling at its Canbelego Joint Venture (JV) Project located in the Cobar region of NSW. The Company recently completed two diamond core holes which intersected visual copper sulphides at the planned target positions of the Canbelego Main Lode and received copper assays for the upper portions of CANDD006 (Western Lodes). Assay for the lower portion of this hole had been prioritised with Helix reporting some of the highest tenor results to date, including 5.3 metres at 3.34% Cu from the Main Lode target position. Drilling is ongoing to test the Canbelego Main Lode, the new Western Lodes and the Caballero Prospect to the south. Copper Sulphide Intercepts (CANDD010 & CANDD011): These two diamond core holes were targeted based on new geological ideas on the geometry of the mineralisation, to test large gaps in the central portion of the current Canbelego Mineral Resource estimate. The Company's geologists have visually logged wide intercepts of copper sulphide mineralisation in drill core coinciding with the planned position of the Main Canbelego Lode, including 1 metre intervals of semi-massive copper sulphides (chalcopyrite) within the broader mineralised intervals. The descriptions in the following section are preliminary and the drill core is currently being logged and processed ahead of sampling for assaying. Since drilling resumed here last year following an 8-year hiatus, Helix has significantly increased the depth extent of high-grade copper mineralisation beneath the base of the current Mineral Resource and advanced the geological understanding of the mineralisation trends. The highest tenor intercept on the project was achieved last year and occurs approximately 100m beneath the current resource base. The higher-grade copper zones appear to be improving in thickness and grade with depth and plunging to the south. Copper Assays (CANDD006): The Company has previously reported5 5.3m at 3.4% Cu from 421m downhole in CANDD006 comprising the Canbelego Main Lode position. Copper assays for the upper section of this hole indicate a wide upper zone of anomalous copper intervals coincident with the interpreted up-dip portions of the new, Western Lodes and includes several narrow intervals at greater than 1.0% Cu which is very encouraging for testing for deeper, more intensely mineralised positions on this potential new lode zone. This copper-anomalous, upper zone supports the down-dip potential of the Western Lodes identified recently and is consistent with the `Cobar Copper Model' of multiple parallel lodes with a short `footprint' and long depth dimensions. Ongoing Exploration: Drilling is currently targeting the depth extension of the high-grade shoot intersected in CANDD002 (18m at 3.4% Cu) as part of a multi hole program to `infill' and extend the known high-grade copper mineralisation. Helix is progressing with a 50-hole program on EL6140 (the Canbelego Joint Venture Licence) comprising approximately 39 shallow (150m) RC tests for c.5,850m and 11 diamond core holes for c.4,250m allocated across the Canbelego Main Lode, the Western Lodes and the Caballero prospect to the south. TECHNICAL REPORT CANBELEGO DIAMOND DRILLING (CANDD006, CANDD010 and CANDD011) Introduction: The Canbelego Copper Project lies along the regional scale Rochford Copper Trend. It is a 70:30 `contributing' JV (Helix 70% and Manager, Aeris Resources Ltd. (ASX:AIS) 30%). The Company considers that the Rochford Trend has the potential to host `Cobar-style' copper deposits analogous to the large-scale, high-grade mineralisation found at the nearby CSA Copper Mine. In 2021, the JV drilled five diamond drillholes (CANDD001 to CANDD005) for nearly 2,000 metres around and beneath the Canbelego Mineral Resource6 or Main Lode, after an 8-year exploration hiatus. Since then, further RC and diamond drilling has been undertaken identifying new, parallel lode positions to the west of the Canbelego Main Lode and highlighting high-grade shoot extensions on the Main Lode. In addition, Helix has undertaken detailed geological and structural logging of all its drilling which is yielding new interpretations which are being utilised to target the current round of drilling. This report refers to the assay results for the upper 295m of diamond hole CANDD006 which has intersected copper mineralisation in the Western Lodes position. Results for the lower portion of CANDD006 were reported previously. Visual results from the recently completed CANDD010 and CANDD011 are also reported. CANDD006 Assays: The upper 85m of CANDD006 consists of weathered, interbedded psammite and pelite schists with ferruginous and gossanous veins. Patchy copper hydroxide minerals, malachite and azurite, are present from 72m to 79m. Below the base of oxidation at 86m, the interbedded psammite and pelite sequence is variably altered to quartz-chlorite-albite schist. Mineralisation occurs in 4m to 8m zones down hole with trace to 2% chalcopyrite stringers and veins, often associated with anastomosing quartz veins. Copper grades above 0.5% Cu are typically associated with 2% to 5% chalcopyrite. Trace amounts of bornite is also present at 140m and 154m. These copper intervals, along with the upper mineralised zones in the nearby CANDD005, form the southern section of the CBW1 lode that was identified by RC drilling in April 2022. This lode remains open at depth, and significant potential remains for deeper, higher-grade copper mineralisation on this new lode position. Announcement • May 12
Helix Resources Limited Appoints Kylie Prendergast to the Board as Non-Executive Director The Board of Helix Resources Limited advised Dr. Kylie Prendergast will join the Board as a Non-Executive Director effective immediately. Dr. Prendergast is an experienced geologist and technical leader with over 25 years' experience within the international mining and resource sector. Her current roles include Partner at Petram Capital and CEO of Kina Copper & Gold. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Jason Macdonald was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 12
Helix Resources Limited to Report Assay Results for Nine RC Drill Holes Intersecting Visible Copper Sulphide Mineralisation2 from New Parallel Lode Positions At the Canbelego Joint Venture Project Located in the Cobar Region of NSW Helix Resources Limited to report assay results for nine RC drill holes intersecting visible copper sulphide mineralisation2 from new parallel lode positions at the Canbelego Joint Venture Project located in the Cobar region of NSW (reported 10 February 2022). The Canbelego Copper Project lies along the regional scale Rochford Copper Trend. It is a 70:30 `contributing' JV (Helix 70% and Manager, Aeris Resources Ltd. In 2021, the JV drilled five diamond drillholes (CANDD001 to CANDD005) for nearly 2,000 metres around and beneath the Canbelego Mineral Resource3 or Main Lode, after an 8-year exploration hiatus. One diamond hole (CANDD006), completed in January 2022 intersected a 29m zone of copper-sulphide mineralisation including 1.3m of massive-semi massive chalcopyrite4, which clearly highlights the open nature of the high-grade copper mineralisation. To follow-up on the shallow mineralisation intersected to the west of the Main Lode in holes CANDD005 and CANDD006, nine RC holes for 1,368 metres were completed in early February 2022. Three more diamond holes have been completed into the north of the Main Lode (CANDD007 to CANDD009) with assays expected in late May 2022. This report provides details of the RC drilling assay results. Nine holes were completed (CBLRC022 to CBLRC030) for 1,368 metres. Hole depths ranged from 96 to 204 metres. All holes were sampled in 1 metre intervals and assay results have now been received. The copper mineralisation is hosted in a deformed sequence of sandstone, silt, black shale and schist and is often associated with quartz veins and/or quartz breccia. Two significant parallel zones of copper mineralisation, over 100 metres of strike length each have been defined to the west and southwest of the Main Lode, that remain open along strike to the north and south as illustrated in plan view (Figure 1) and in long-section (Figure 2). As well as copper-sulphide (chalcopyrite), gossan textures and copper oxide (malachite) were also intersected in several holes, suggesting potential for shallow oxide resources. Assay results confirm the previously reported visual mineralisation in each of these holes, with the following significant intercepts. Significant intercepts for these holes are presented in Table 1, drill hole details are presented in Table 2 and a full list of intercepts is presented in Table 3. The intercept in CBLRC026 (Table 1 and Figure 1) indicates the potential for a third lode, CBW3. The Main Lode intercepts confirm continuity of copper grade in the southern portion of the Main Lode and indicate potential for shallow oxide resources. Board Change • Mar 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Jason Macdonald was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.001 loss per share (down from AU$0 in 1H 2021). Net loss: AU$685.6k (loss widened 115% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Mar 04
Helix Resources Limited Announces Further Oxide and Sulphide Copper Intercepts from the CZ Deposit Helix Resources Limited announced further oxide and sulphide copper intercepts from the CZ Deposit at the Company's wholly owned tenements along the Collerina Trend, located in the prolific copper-endowed Cobar region of NSW. Technical Summary - CZ Drilling: Drilling was completed at the CZ deposit 3 area on 29 November 2021, for a total of 20 drill holes comprising 1,420.6 metres of reverse circulation (RC) and 2,005.8 metres of diamond drill core. The program was designed to scope out further shallow `oxide' copper mineralisation, generate metallurgical samples and test inferred sections of the Mineral Resource model. This summary provides an update on the shallow `oxide' and metallurgical drilling. Shallow `Oxide' Copper RC Drilling: The RC program successfully identified new zones of shallow, high-grade, `oxide' copper mineralisation4 to the east and west of the CZ Deposit 5. As reported in November 2021, 6 a new, shallow, open-ended, high-grade copper-oxide zone to the southeast of the CZ deposit has been identified with intercepts such as: 7m at 2.64% Cu & 1.18 g/t gold (Au) within 25m at 0.94% Cu from 20m (CORC141); 7m at 2.83% Cu within 30m at 0.86% Cu from 14m (CORC140); 3m at 2.74% Cu within 8m at 1.17% Cu from 32m (CORC139). Assays have just been received for two additional RC holes undertaken to follow-up this new zone, which included the following significant results: 2m at 3.97% Cu within 27m at 0.68% Cu from 22m (CORC0150); 1m at 4.26% Cu within 5m at 1.15% Cu from 23m (CORC0151). These drill holes have confirmed `oxide' copper mineralization between the two assayed intervals in holes CORC140 and CORC139 and indicate that the mineralization remains open to the southeast, albeit narrower, with further testing warranted. Diamond core drill holes: Four PQ (85mm diameter) and HQ (64mm diameter) diamond core holes were drilled for metallurgical test work in 2021 (drill holes CODD0132 to CODD0135. Each of the four holes intersected copper mineralization, includingseveral intervals of massive sulphide. The massive sulphide intervals comprise massive stratiform fine-grained pyrite (FeS2) with up to 5% chalcopyrite (CuFeS2), hosted within laminated chlorite schist. Many mineralized intervals have been negatively impacted by voids and backfill associated with historic workings, particularly in the oxide zone (generally down to 60m down hole), and by core loss associated with broken and fractured ground at depth - significantly reducing the amount of `oxide' style mineralization planned to be available for metallurgical test work. Assay results for CODD0132 to CODD0135 have been received and include the following significant intercepts: 8m at 0.42% Cu from 3m and 21m at 0.45% Cu from 27m either side of a 16m zone from 11m of void and backfill associated with historic workings (CODD0132); 4m at 2.61% Cu and 0.43g/t Au from 102m (CODD0134); 3.2m at 3.07% Cu and 0.39g/t Au from 156.8m (CODD0135). The assays for these drill holes will guide the selection of composite samples that will be submitted to IMO Pty Ltd. in Perth for metallurgical test work in early March 2022. Results are anticipated through April to May. CZ Mineral Resource drill tests: Logging of all drill holes into the main CZ sulphide shoot has been completed and sampling of the diamond tails is currently in progress and expected to be completed in March, with assay results to follow 4 to 8 weeks later. Down hole electromagnetic (DHEM) surveys were completed on holes CORC0137 and CORC0146. Preliminary results identified off hole conductors in both holes and final modelling of DHEM conductors assisting the interpretation of the mineralized zones remains in progress. Announcement • Feb 21
Helix Resources Limited Announces Resignation of Tim Kennedy as Non-Executive Director Helix Resources Limited announced that Mr. Tim Kennedy will step down from his role of Non-Executive Director effective 18 March 2022. The decision to step down follows Mr. Kennedy's appointment to a full time Executive role within another company, effective 4 April 2022. The Company has commenced a search for a suitable replacement. Announcement • Feb 10
Helix Resources Limited Reports Numerous Intercepts with Visible Copper Sulphide (Chalcopyrite) Mineralization Helix Resources Limited reported numerous intercepts with visible copper sulphide (chalcopyrite) mineralization 2 from its recent reverse-circulation (RC) drilling program which is testing for new parallel lode positions at the Canbelego Joint Venture Project located in the Cobar region of NSW. In 2021, the JV drilled five diamond drillholes (CANDD001 to CANDD005) for nearly 2,000 metres around and beneath the Canbelego Mineral Resource 3 or Main Lode, after an 8-year exploration hiatus. One diamond hole (CANDD006) was completed last month for 561.7 metres - which clearly highlights the open nature of the high-grade copper mineralization. To follow-up on the shallow mineralization intersected to the west of the Main Lode in holes CANDD005 and 6, nine RC holes (CBLRC022 to 030) for 1,368 metres were completed in early February 2022. Two more diamond holes are planned, one of which is in progress testing northern extensions of the Main Lode. This report provides initial observations for the RC drilling; whilst preliminary, given the generally visual nature of copper mineralization these observations are considered by management as potentially material. RC drilling commenced on 15 January 2022 with nine holes completed (CBLRC022 to CBLRC030) for 1,368 metres. Hole depths ranged from 96 to 204 metres. All holes were sampled in 1 metre intervals and samples have been submitted for analysis. Assay results are expected in mid- to late-March 2022. The copper mineralization is hosted in a deformed sequence of sandstone, silt, black shale and schist and is often associated with quartz veins and/or quartz breccia. Two significant parallel zones of copper mineralization, over 100 metres of strike length each, have been defined to the west and southwest of the Main Lode, that remain open along strike to the north. As well as copper-sulphide (chalcopyrite), gossan textures and copper oxide (malachite) were also intersected in several holes, suggesting potential for shallow oxide resources. Announcement • Jan 19
Helix Resources Limited Announces Massive Copper Sulphide Intersected at Canbelego Helix Resources Limited reported diamond drill hole CANDD006 has intersected visible copper sulphide mineralisation at the Canbelego Main Zone target position, approximately50 metres down dip from the high-grade intercept of 18 metres at 3.4% Cu intersected in May, 2021 (included 14 metres at 4.22% Cu) 2. The Main Zone intercept occurs from 405 to 434 metres comprising mainly incipient veins and disseminated chalcopyrite (CuFeS2 - copper sulphide mineral) and includes approximately 1.3 metres of massive to semi-massive chalcopyrite from 425.2 metres. Several intervals of mineralisation were observed higher in the hole which support the interpretation of parallel lode positions to the west of the Main Zone; from 80 metres a 20-metre interval of oxide copper minerals, malachite and possibly chalcocite; and between 100 to 200 metres downhole - several zones with scattered chalcopyrite veins, some associated with narrow quartz-breccia and quartz veins, including two observations of high-tenor copper mineral, Bornite (Cu5FeS4) with coarse grained chalcopyrite in sugary quartz. A 12 to 15 hole RC drill program has commenced to test for parallel lode positions to the south-west. VTEM and soil geochemistry also indicate potential for new lodes to the north-east, but with denser vegetation cover further target definition work is planned here prior to clearing access for drilling. Cobar style copper deposits commonly present as a series of structurally controlled, parallel lodes. Helix is developing its exploration strategy around a Cobar deposit model. References in this announcement to visual results are from diamond core drilling. Visible oxide mineralisation in HQ and NQ core drilling (CANDD006) consisted of trace - minor copper hydroxides and possible gossan (hematite and goethite) with trace chalcocite as listed in Table 2. Fresh sulphide mineralisation consisted of disseminated, veins and stringers as well as semi to assive chalcopyrite. Visual estimates of percentages are based on preliminary visual observations of the drill core surface as presented in the core trays and may not be representative of the entire sample interval. Laboratory assays are required for representative estimates of copper and other metal contents abundance. It is intended to cut and sample the entire drill hole to get assays for the mineralised sections and obtain a geochemical cross-section for the entire drill hole. This work will take some time and first assay results are expected in February-March 2022. The Canbelego Copper Project lies along the regional scale Rochford Copper Trend. It is a 70:30 `contributing' joint venture (Helix 70% and manager, Aeris Resources Ltd. In 2021 the JV drilled five diamond drillholes (CANDD001 to CANDD005) for nearly 2,000 metres, since restarting exploration drilling around and beneath the Canbelego Mineral Resource 3 after an 8-year exploration hiatus. This report provides preliminary observations for drillhole CANDD006 which commenced late in 2021 and was completed in mid-January 2022. It is important to note that observations are preliminary but given the generally visual nature of copper ineralisation these observations are potentially material. A drill hole location plan and schematic Long-Section. presents drill hole details for CANDD006 and provides a summary of the preliminary geological observations supporting the initial thoughts. Main Zone the intercept is approximately 50 metres down dip and north of the high-grade intercept in CANDD002 which hit 18 metres at 3.4% Cu. It is also 30 metres up dip of the weakly mineralised zones hit in CANDD005 which targeted the high-grade shoot but only hit narrow mineralised or anomalous intervals. Whilst not as intensely mineralised as CANDD002, the presence of the massive chalcopyrite interval and peripheral veins, extends known massive mineralisation depth and is regarded as encouraging for the continuation of the mineralised structure laterally and opens targets at depth to the north and south. Upper Zones - the upper mineralised zones were also intersected in CANDD005, but the mineralisation tenor looks better in CANDD006, and they may represent a new mineralised zone to the west that has not been systematically tested by drilling. A 12 to 15 hole RC drill program has commenced to test for parallel lode positions to the south-west as summarised in Figure 2. This initial program is focused on the northern portions of the western `lode' targets where there is existing geochemical data at surface and from historic drilling to step out from. VTEM and soil geochemistry also indicate potential for lodes to the north-east, but with denser vegetation cover further target definition work is planned here prior to clearing access for drilling. The key current work elements comprise: A 12-to-15-hole RC drill program to test shallower mineralised positions at the Main Zone and potential en-echelon, parallel lode positions to the west of the Main Zone; Detailed logging, cutting and sampling of the CANDD006 drill core and submission of samples to the assay lab. Surface Moving Loop EM survey at Canbelego to better define VTEM anomalies to the northeast. Downhole EM surveying of CANDD006 to determine if EM can assist in vectoring deeper and lateral target positions. Work is ongoing to update the geological model based on the recent drill and geophysical data as well as review of the historical data with the aim of better resolving the geological controls on the higher-grade copper zones. Helix is also working on its more regional prospects along the Rochford trend. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2020) Full year 2021 results: Net loss: AU$834.1k (loss widened 74% from FY 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Sep 24
Helix Resources Limited Announces Cobar Region Copper Exploration Update Helix Resources Limited provided an update on the company' copper-gold exploration activities at its Canbelego Joint Venture project (Helix 70% and Aeris Resources Ltd), its wholly owned CZ deposit1 and regional work underway along the Collerina Copper Trend, all located in the prolific Cobar region of NSW. Final assay results from hole CANDD005 at the Canbelego JV have been received, confirming the presence of further copper mineralisation, including narrow, 1 metre, high grade intervals (up to 3.5% Cu), surrounding the high-grade massive copper sulphides detected in CANDD0022 (14 metres at 4.2% Cu). While continuation of the copper-sulphide (chalcopyrite) shoots intersected in CANDD002 were not intersected within this complexly deformed and folded host sequence, the results provide further information on both the associated rock units and geological controls which determine the position of the higher-grade shoots. In addition, a down-hole electromagnetic survey (DHEM) conducted on CANDD005 has identified a conductor which aligns with the down-dip position of the CANDD002 intersection, suggesting the massive chalcopyrite shoo may remain open at depth to the south of the intercept in CANDD005. The mineralisation drilled at Canbelego to date outlines a broad zone of potentially economic oxide and fresh copper mineralisation, punctuated by discrete high-grade shoots as intersected in CANDD002. Future work will be directed at extending the broad mineralisation envelope and targeting potential high-grade shoots within, ahead of any resource modelling and development studies. Meanwhile, Helix has continued to progress drilling at the CZ deposit1, completing a metallurgical sampling program and commencing drilling for resource extensions. The Canbelego Copper Project lies along the regional scale Rochford Copper Trend. It is a 70:30 `contributing' joint venture (Helix 70% and manager, Aeris Resources Ltd). The JV has drilled five diamond drillholes (CANDD001 to CANDD005) for nearly 2,000 metres, since restarting exploration drilling around and beneath the Canbelego Mineral Resource4 in April 2021 after an 8-year exploration hiatus. This report provides details of the assay results received for drillhole CANDD005, which intersected gossanous veins with chalcocite and malachite in the oxidised zone and several sulphide intervals in the primary zone comprising disseminated, vein and stringer chalcopyrite mineralisation, returning the following significant copper intercepts: 7.1 metres at 0.64% copper from 65.9 metres - including 1 metre at 2.53% copper from 65.9 metres. 6 metres at 0.74% copper from 108 metres - including 1 metre at 3.48% copper from 108 metres. 8 metres at 0.45% copper from 429 metres - including 1 metre at 1.51% copper from 432 metres. 5 metres at 0.53% copper from 442 metres - including 1 metre at 1.3% copper from 444 metres. The deeper, copper sulphide intervals are associated with strong chlorite alteration in silicified siltstone, which appears typical for the Canbelego style of mineralisation. Continuation of the massive high-grade chalcopyrite shoots intersected in CANDD002 were not intersected within this complexly deformed and folded host sequence. However, the DHEM survey for CANDD005 identified a modelled conductor plate that aligns with the down-dip position of the CANDD002 intersection, suggesting continuation of the mineralised zone, which remains open at depth. The deeper CANDD005 intercepts are 20 to 30 metres to the north of the modelled DHEM plate position. Work is ongoing to update the geological model based on the recent drill and geophysical data as well as review of the historical data with the aim of better resolving the geological controls on the higher-grade copper zones. The JV plans to workshop these updated concepts ahead of a further round of drilling. Drilling is currently in progress at the CZ Deposit6, on the Collerina Trend. The CZ drilling comprises diamond core drilling to provide samples for metallurgical test work and a mixture of RC and diamond drilling for copper resource extension and definition. Four PQ and HQ diamond holes for metallurgical test work were completed for 663.3 metres. These holes are currently being logged and processed and will be submitted to the metallurgical laboratory for assay and test work next week. RC drilling is now in progress, testing for extensions of the existing oxide copper resources, as well as providing pre-collars for diamond core drilling for testing extensions to primary sulphide copper resources at depth. Significant re-interpretation of historical drill data is in progress and drill holes are targeted on the available data rather than being constrained to pre-existing geological models. Eight RC holes for 695 metres have been completed to date, with approximately 950 metres of RC and 1,100 metres of diamond core drilling remaining in the 20-drill hole program. The first batch of samples from the RC drilling program will be submitted to the laboratory this week, with results anticipated in late October 2021. A detailed update, including geological observations of the target intersections and the status of the CZ drilling program will be provided to the market next week. Announcement • Aug 26
Helix Resources Limited Provides Update on Its Ongoing Copper Exploration Activities in the Prolific Cobar Basin Region of Central NSW Helix Resources Limited provided an update on its ongoing copper exploration activities in the prolific Cobar basin region of central NSW, following the challenges and responsibilities related to operating under NSW COVID-19 restrictions. The third drill hole of a four-hole metallurgical sampling campaign at the CZ deposit1, located on the Collerina Trend, is underway. The total drill program of metallurgical and exploration drilling comprises a mixture of diamond core and reverse circulation drilling of 20 holes for a total of approximately 3,500 metres. At Canbelego, the Company is awaiting assay results from CANDD005, which intersected significant copper sulphides 2, and concurrently continues work to update the geological modelling. Highlights: 3,500 metre drilling program underway at CZ area on the highly prospective 100%-owned Collerina Trend. Currently drilling third hole of a metallurgical sampling program before moving to exploration drilling for extensions to the CZ Mineral Resource1. Copper mineralisation has been observed in the first three metallurgical holes as predicted which are all within the Mineral Resource1 envelope. Further electromagnetic (EM) surveys are planned to follow-up VTEM anomalies on the Collerina Trend and the Rochford Trend, including the North and Southern VTEM anomalies at the Canbelego deposit1, when a crew is next available. Helix is meeting the challenges of operating under and fully complying with all NSW COVID-19 measures as it transitions its entire exploration team and operating base to Orange in NSW. Drilling Status: To date, two of the core holes have been completed for 206 metres and the third hole is in progress. All the completed holes are from within the current Mineral Resource1 outline. Copper mineralisation has bee observed in each of the holes at the predicted depths. The core is currently being logged and sampled ready for despatch to IMO's facilities in Perth. Helix is utilising large diameter core, PQ (85mm), compared with standard HQ diameter (64mm) or NQ (48mm) utilised for exploration drilling. The larger core diameter makes drilling rates slower, but will maximise the amount of sample available for testwork. The Company plans for the last metallurgical sample hole to be completed in August. Drilling Outlook: On completion of the PQ-drilling, the drill rig will be converted to RC drilling and undertake the shallow exploration and establish pre-collar portions for the diamond holes. This phase of RC drilling is planned to take approximately two weeks following which, the rig will be converted back to diamond coring (HQ and NQ sizes) to complete the diamond core tails of the completed pre-collars. Electromagnetic (EM) Surveys: Surface EM surveys to follow-up VTEM anomalies on the Collerina Trend are planned. Downhole EM (DHEM) is also planned for several drill holes at the CZ deposit to assist in defining further targets for drill testing. Announcement • Jul 23
Helix Resources Limited Provides Update on its Exploration Activities in the Cobar Region of Central NSW Helix Resources Limited provided the following update on its exploration activities in the Cobar region of central NSW. Canbelego Joint Venture Project (Helix 70% and Aeris Resources Ltd. ASX.AIS 30%). Recent Drilling Outcomes: A fifth diamond drill hole, CANDD005, tested for deeper extensions of the higher-grade shoot (14 metres at 4.2% copper) intersected in CANDD002. This hole intersected 7 metres from 66 metres downhole of gossanous veins with chalcocite and malachite in the oxidised zone. Several sulphide intervals were also intersected in the fresh rock including the following:
10 metres from 101 metres of disseminated and stringer chalcopyrite (up to 2%). 3 metres from 334 metres of stringer chalcopyrite (< 1%) and quartz veins. 19 metres from 426 metres of veinlet, stringer and disseminated chalcopyrite (± pyrrhotite), including localised intervals of up to 3% chalcopyrite in anastomosing stringers. The deeper sulphide interval is associated with strong chlorite alteration in silicified siltstone. Continuation of the
massive high-grade chalcopyrite shoots intersected in CANDD002 were not intersected within this complexly deformed and folded host sequence. Further interpretation and modelling is required to determine controls and potential extensions to the high-grade mineralization, prior to further drilling.
Geological logging of CANDD005 is in progress, and a downhole electromagnetic (DHEM) survey commenced on 20 July 2020 to further define the broad zones of mineralization and the more intensely copper mineralized shoot structures for further drilling work. Assay results - remain outstanding for drill holes, CANDD003 and CANDD004 with 5-8-week laboratory turnaround times being experienced across the sector. Samples from CANDD005 will be submitted to the laboratory after the completion of geological logging. To recap; the Company has recently 2 reported: CANDD001 intersected 2 metres at 3.07% copper within a broader interval of 11 metres at 1.10% copper from 270 metres downhole. CANDD002 intersected 14 metres at 4.22% copper from 253 metres downhole, including: 3 metres at 7.01% copper from 352 metres; and 4 metres at 5.94% copper from 358 metres.
A new mineralized position above the main lode was also intersected which assayed 2 metres at 3.1% copper from 118 metres within a broader mineralized 12 metre envelope from 110 metres downhole. The joint venture partners consider that the initial drill program has successfully scoped out significant increments in the dimensions of the mineralization envelope previously outlined around the Canbelego deposit. As reported in late June, drilling productivity has been hampered by wet weather which restricts access to farm tracks. For the past few weeks, field activities in NSW have been further impeded by COVID-19 travel restrictions affecting both drill crews and the Helix exploration team. In response to these factors and to expedite surface and DHEM surveying, geological logging and interpretation at Canbelego, the joint venture has decided to pause the drilling at the JV project. Following the completion of this work further drilling to follow-up on the recent drill results and to test the surrounding EM anomalies is planned
for later this year. Helix has recruited a senior exploration geologist who commenced on 19 July and is to be based in Orange, NSW - where the Company is establishing its exploration base. The addition of a senior exploration geologist will add technical depth and accelerate the company's logging and interpretative work regardless of travel restrictions. Collerina Copper Trend (Helix 100%): Upcoming Drilling: The pause in drilling at the Canbelego JV project creates an opportunity for Helix to deploy the drilling rig onto its 100% owned tenements covering the 60km long Collerina Copper Trend - a highly mineralized regional trend which, to the north, hosts Aeris' recent high-grade Constellation and Kurrajong copper discoveries near its existing Tritton Copper operational hub. Drilling, comprising both reverse circulation and diamond core is being planned for the CZ 3 deposit in early August to extend the existing Mineral Resource outline and collect metallurgical samples. Announcement • Jun 23
Helix Resources Limited Announces High Grade Copper Intercept & Drilling Update Helix Resources Limited is delighted to provide the following exploration update which includes high-grade copper assays from its Canbelego Copper Joint Venture project. Copper Assays - have been received for intervals where geological estimates of copper sulphides (chalcopyrite) were reported previously 1. CANDD001 intersected 2 metres at 3.07% copper within a broader interval of 11 metres at 1.10% copper from 270 metres downhole. CANDD002 intersected 14 metres at 4.22% copper from 253 metres downhole, including; 3 metres at 7.01% copper from 352 metres; and 4 metres at 5.94% copper from 358 metres. A new mineralised position above the main lode was also intersected which assayed 2 metres at 3.1% copper from 118 metres within a broader mineralised 12 metre envelope from 110 metres downhole. Gold assays are pending for the above drill holes though only minor gold values are expected. Recent Drilling Outcomes - A fourth diamond drill hole, CANDD004, tested for shallower extensions of the higher-grade, more intense chalcopyrite shoot in CANDD002. This hole intersected 25.8 metres from 252 metres downhole of copper sulphide mineralisation including: 8 metres with 1% disseminated chalcopyrite logged from 252 metres; and 4.8 metres with variable abundance of chalcopyrite logged from 273 metres. This comprised mainly 0.5% disseminated chalcopyrite with two intervals totaling 1.2 metres where 5 to 70% disseminated, vein and massive chalcopyrite was observed. Drilling Status and Outlook - A fifth drill hole is in progress testing the down-plunge potential of the high-grade shoot intersected in CANDD002. Following further downhole electromagnetic (DHEM) surveys to assist in vectoring to the high-grade zones within the overall lodes, the joint venture partiners will finalise additional drilling. Recent drilling productivity has been hampered by wet weather which can restrict access where the Company is respectful of not damaging wet farm access tracks. Assays are pending for CANDD003 and CANDD004. The advanced Canbelego Copper Project has an Inferred Mineral Resource 3 of 1.5Mt at 1.2% copper reported in accordance with the 2004 JORC Code. Helix's previous drilling, last undertaken in 2013 and resultant DHEM modelled targets were never followed up, after the CZ Deposit3 was discovered on the southern portion of the Collerina Trend. Assay results for drill holes CANDD001 and 2 have extended the mineralised envelope another 90 metres vertically and the observed copper sulphides in CANDD003 may extend the strike at this depth by approximately 200 metres to the north. The mineralisation in CANDD004 appears to narrow up vertically, consistent with the intercept in CANDD001 (2 metres at 3.07% copper) and the adjacent interval of 2 metres are at 6.7% copper as shown. Drilling is continuing and the Company plans to update the Canbelego mineral resource estimate at the completion of the program. Canbelego is a joint venture with Aeris Resources Limited with Helix being the Manager and holding 70% and AIS holding 30% and contributing to exploration expenditure and planning. The Canbelego Copper Project lies along the regional scale Rochford Copper Trend. Helix has drilled four diamond drillholes (CANDD001 to CANDD004) with a fifth hole, CANDD005, currently in progress. This report provides details of the assay results received for drillholes CANDD001 and CANDD002 and the visual results for drillhole CANDD004. Copper sulphide visual estimates for CANDD003 were reported 31 May 2021 - 23.4 metre interval. CANDD001 and CANDD002 intersected massive, disseminated and vein-fill chalcopyrite in a zone coincident with an untested downhole electromagnetic (DHEM) conductor position. Assay results for CANDD001 and CANDD002 confirm that significant copper mineralisation is present in both holes, which include the following significant drill intercepts. CANDD002 - 14 metres at 4.22% copper from 352m, including: 3 metres at 7.01% copper from 352m; and 4 metres at 5.94% copper from 358m. CANDD001 - 18 metres @ 0.74% copper from 263m, including: 2 metres @ 3.07% copper from 277.8m. Announcement • Jun 03
Helix Resources Limited Announces New EM Conductors Confirm Growth Potential At Canbelego Helix Resources Limited announced that DHEM in all three diamond drill holes has recently been completed, interpreted and modelled confirming potential high-grade massive copper sulphide targets comprising discrete steeply plunging shoots. In addition, a surface MLEM survey is also in progress to follow-up the VTEM MaxTM anomalies in the broader Canbelego area ahead of drill testing by reverse circulation (RC) drill traverses. All three drill holes completed so far in the 2021 program have recently been surveyed with the data interpreted and plates modelled by the Company's geophysical consultant, Mr. Russell Mortimer of Southern Geoscience Consultants. The modelling of the DHEM data indicates that the conductor targets represent a series of `dip continuous', stacked shoot positions within a broader north-south trending late-stage copper mineralised structure. The DHEM modelling results for drill holes CANDD001 to CANDD003. CANDD001 - the DHEM survey suggests the hole has intersected the southern edge of the target conductor (target from CBLRC018 2013 DHTEM remodelling). The modelling of the new DHEM survey in CANDD001 has defined a strong conductor centred just above and extending north of the hole. The conductor plate models at approximately 70 metres width (N-S) and has over 200 metres dip extent/plunge extent. The conductor models as plunging steeply NW with a dip of 80 0 to 850 WNW, and a conductance of 200 to 300S. CANDD002 - this hole clearly intersected the conductor with the strong copper sulphide intercept related to the modelled DHEM conductor. The EM conductor is centred about the hole and extends to the north. This supports the same steep NW plunge, consistent with the CANDD001 intercept. Similarly, the conductor plate models at 70 metres width (NS) and over 125 metres depth/plunge extent. The conductor plate models as a steep 850 dip to sub-vertical, and possibly steepens with depth. Conductance from CANDD002 varies between 250 to 500S. This is slightly higher than CANDD001 conductor and suggests strengthening conductance at depth. CANDD003 - initial assessment of the DHEM data suggests there is a clear, local, moderate to strong off-hole anomaly centred at 270 metres to 280 metres down hole. The anomaly source margin is 30 metres above the hole, that's is the hole did not pass through the best part of the conductor identified anomaly, with a 300-600 Siemens conductance. A lower anomaly is also modelled south of the hole, which appears to extend down dip in the later DHEM readings. This has a conductance of 500-700S. Modelling will refine source position/parameters and importantly a new drill target is expected to emerge
from this interpretation, which is broadly in-line with the earlier DHTEM model targets from CANRC017. The northern shoot was the focus of historical mining. A broader off-hole anomaly centred approximately 260 metres to 290 metres down hole is also apparent in the data. Whilst difficult to fully define given the superimposed localised conductors, it relates to the Central Shoot sulphide zone/conductor, as it is strongly apparent south of hole, and approximately 75 metres off-hole to the conductor margin. Further modelling in conjunction with the other conductors from CANDD001 & CANDD002 will assist in better refining drill targets in the geometry of these high-grade copper shoots. A surface MLEM survey has commenced over the broader Canbelego area to follow-up anomalies defined by the VTEM MaxTM survey1, which clearly defined bedrock conductors at Canbelego and Canbelego West. The copper
sulphide intercepts in recent diamond drilling at Canbelego 2, in conjunction with the DHEM modelling results described above, have confirmed that the bedrock conductor at Canbelego is associated with significant copper sulphide mineralisation. In combination, the surface and DHEM survey techniques are highly effective for the direct detection of copper mineralisation. The follow-up MLEM survey will further refine the geometry of the VTEM anomalies and provide drill targets for later testing, likely to be RC drill traverse to scope out the target zones ahead of more detailed diamond drilling if results warrant. Follow-up drilling of the fourth hole (CANDD004) is in progress and is designed to test the Central shoot above the CAND002 intercept, approximately 40 metres north along strike from CANDD001 intercept, where a thickened, higher-grade copper sulphide position is interpreted and modelled from the DHEM data. A fifth drill hole is planned and approved by the joint venture to test further down plunge on the Central Shoot. The advanced Canbelego Copper Project has an Inferred Mineral Resource of 1.5Mt at 1.2% copper reported in accordance with the 2004 JORC Code3. Helix's previous drilling, last undertaken in 2013 and resultant DHEM modelled targets were never followed up, after Collerina was discovered. The DHEM data was recently
remodelled by Southern Geoscience Consultants resulting in refinements to the DHEM targets being tested by the current diamond drilling program. The last three diamond drill holes have extended the base of the mineralisation another 90 metres vertically and the strike extent at this depth by approximately 200 metres to the north. The fourth and fifth diamond holes will further test the down dip potential of the Canbelego mineralisation. The Company will update the Canbelego mineral resource estimate at the completion of this program. Announcement • Jun 01
Helix Resources Limited Announces Copper Sulphides Intersected in Northern Shoot Position at Canbelego Helix Resources Limited announced that diamond drillhole CANDD003 has intersected stringer, semi-massive veins and disseminated copper sulphide mineralization approximately 200 meters north along strike from the 29.5 meter interval of strong copper sulphide mineralization intersected in CANDD0021 and at a similar level, approximately 270 meters below surface. Examples of the copper sulphide mineralization intersected in CANDD003. This third drill hole has extended copper sulphide mineralization approximately 200 meters to the north and an additional 100 meters below the base of the previously defined copper mineralization. The interpreted `northern shoot' was the focus of historical mining. Previous drilling had defined mineralization to approximately 150 meters below surface with an intercept of 7 meters at 3.5% copper in drillhole `CC4'. The CANDD003 intercept potentially extends this shoot a further ~120 meters down dip based on the copper- sulphides intersected. Extensions to the interpreted `Central shoot' were defined by the first diamond drill hole, CANDD001 which intersected 24 meters of typical Canbelego style copper sulphide (chalcopyrite) mineralization from 257 meters downhole. Following this up, CANDD002 intersected the central portion of the interpreted shoot position a further 80 meters down dip, intersecting discrete zones of massive and semi massive chalcopyrite as well as veins and disseminated chalcopyrite within the overall 29.5 meter interval. The second `copper position' in the hanging wall of CANDD002, between 90 and approximately 120 meters downhole has been interpreted as a possible second copper lens position based on the downhole geology. Drilling of the fourth hole (CANDD004) is in progress and is designed to test the Central shoot above the CAND002 intercept, ~40 meters north along strike from the CANDD001 intercept. This drilling will take several weeks. Samples for the copper sulphide zones in CANDD001 & 2 are being analyzed with assays expected in June. The copper sulphide zone in CANDD003 will be submitted to the lab shortly. The advanced Canbelego Copper Project has an Inferred Mineral Resource 4 of 1.5Mt at 1.2% copper reported in accordance with the 2004 JORC Code. Helix's previous drilling, last undertaken in 2013 and resultant DHEM modelled targets were never followed up, after the CZ Deposit3 was discovered on the southern portion of the Collerina Trend. The last three diamond drill holes have extended the base of the mineralization another 90 meters vertically and the strike extent at this depth by approximately 200 meters to the north. The fourth and fifth diamond holes will further test the down dip potential of the Canbelego mineralization. The Company plans to update the Canbelego mineral resource estimate at the completion of this program. Canbelego is a joint venture with Aeris Resources Limited with Helix being the Manager and holding 70% and AIS holding 30% and contributing to exploration expenditure and planning. Announcement • May 26
Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.033827 million. Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.033827 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 149,400,989
Price\Range: AUD 0.027
Discount Per Security: AUD 0.00162
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 11
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$471.5k (loss widened 73% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Mar 10
Helix Resources Limited Provides an Update on Its Exploration Programs At the Cobar Copper Helix Resources Limited announced the recent completion of the regional scale, detailed airborne electromagnetic (EM) survey on its Cobar copper projects. A total of 2,337 line-kilometres was flown, utilising the VTEM MAXTM system, by UTS Geophysics (Geotech). A preliminary review of the raw data is encouraging, finding both extensions of existing mineralisation and identification of new targets. Completion of this survey marks an important first step in the Company's new exploration strategy with only 20% of Helix's estimated 120 km of prospective copper trends previously covered by EM; the entire 120 km comprising of three distinct copper trends is now covered. The raw data is being processed and interpreted by Southern Geoscience Consultants (SGC) and a complete description and inventory of possible new targets is expected before the end of March. In the interim the Company plans to follow-up with surface EM surveys on pre-existing, open ended surface EM anomalies and some of the better defined new VTEM anomalies. The surface EM surveys will provide more detailed data to better define spatially the modelled copper target positions ahead of drill testing. This work is planned to commence next week. Discussions with diamond core and reverse circulation (RC) drilling contractors are well advanced and Helix plans to commence drilling in mid-April. Drill programs will be targeting extensions of the existing high-grade Central Zone and Canbelego copper mineral resources as well as testing of new and existing targets and prospects along the Collerina and Rochford copper trends. TECHNICAL DISCUSSION: Regional electromagnetic (EM) surveys have proven very successful in the Cobar region at identifying sulphide
related copper deposits.
Only 20% of the total 120 km of prospective copper trends on Helix's 1,500km 2 ground position had airborne EM
coverage. This was focused around the Central Zone deposit 2 in the southern portion of the Collerina Copper Trend.
The VTEM MAX system from UTS Geophysics (Geotech) has been recommended to Helix by its geophysical consults,
SGC, as an appropriate system for the potential discovery of new copper-sulphide mineralisation to complete the
survey outlined below.
Helix flew a similar style of survey in late 2016 over the new Central Zone (CZ) discovery in the southern portion of
the Collerina Trend. The CZ deposit2 appears as a subtle, but discrete and identifiable conductor in the VTEM data.
Regionally, Aeris Resources Ltd. (ASX:AIS) recently made a new copper discovery at its Constellation prospect using
a heli-borne EM survey.
The current program was designed to complete coverage over the Company's known `copper trends', with 2,337
line kms completed. The line spacing was a nominal 200 metres (north-south) with numerous areas infilled to 100
metres spacing based on promising raw-data. The survey was divided into trends as shown in Figure 1 covering the
remainder of the Collerina Trend to the north and south, and all the untested (by airborne EM) Rochford and
Meryula Trends.
The VTEM MAX survey data will form a vital regional data set for ranking targets and prioritising future work. The
objective is also to identify new targets which will be followed by ground EM, surface geochemical sampling and
geological mapping to define drill-ready targets.
The Company expects to receive the final survey data shortly and complete interpretation work by late March. Announcement • Mar 05
Helix Resources Limited, Annual General Meeting, Apr 07, 2021 Helix Resources Limited, Annual General Meeting, Apr 07, 2021, at 09:00 W. Australia Standard Time. Location: The office of the Company 78 Churchill Avenue Subiaco Western Australia Australia Agenda: To consider ratification of prior issue of Tranche 1 placement shares; to consider ratification of prior issue of broker options; to consider the approval to issue Tranche 2 Placement Shares; to consider the approval for the adoption of an Employee Securities Incentive Plan; to consider approval of potential termination benefits under the Plan; and to consider approval for the issue of performance options to Mike Rosenstreich under the Employee Incentive Plan. Announcement • Feb 23
Helix Resources Limited Announces the Commencement of Its Regional Scale, Detailed Airborne Electromagnetic (Em) on Its Cobar Copper Projects Helix Resources Limited announced the commencement of its regional scale, detailed airborne electromagnetic (EM) on its Cobar copper projects. A total program of approximately 2,000 line-kilometres utilising the VTEM MAXTM system is being flown by UTS Geophysics (GeoTech) to cover the remaining 75% of Helix's prospective copper corridors with no coverage. Results and interpretations are expected in March 2021. Regional EM surveys have proven very successful in the Cobar region at identifying sulphide-mineral, copper deposits. Only 24 km of the total 95 km of prospective copper trends on Helix's 1,500km2 ground position has had airborne EM coverage. This is focused around the Central Zone deposit 1 in the southern portion of the Collerina Copper Trend. The current program is designed to complete coverage over the Company's currently known `copper trends', with
approximately 2,000-line km planned to cover the remaining 65km of prospective copper trends. The survey has been divided into 4 segments covering the remainder of the Collerina Trend and all of the untested (by airborne EM) Rochford and Meryula Trends. Announcement • Feb 18
Helix Resources Limited announced that it expects to receive AUD 3 million in funding Helix Resources Limited (ASX:HLX) announced a private placement of 300,000,000 shares at a price of AUD 0.01 per share for gross proceeds of AUD 3,000,000 on February 18, 2021. The company will receive funding in two tranches. The company will issue 179,918,314 shares for gross proceeds of AUD 1,799,183.14 in first tranche and 120,081,686 shares for gross proceeds of up to AUD 1,200,816.86 in second tranche closing, subject to shareholder approval. The transaction is expected to occur on 23 February 2021. Announcement • Feb 16
Helix Resources Limited Provides an Update on its Exploration Programs at the Collerina Copper Helix Resources Limited provided an update on its exploration programs at the Company's Collerina Copper Project, and receipt of initial four metre composite gold assays from the Bijoux Prospect. The company has completed 9 exploratory reverse-circulation (RC) drill holes (1,632 metres) surrounding the Central Zone (CZ) copper mineral resource. Northwest Extension: Drilling targeted extensions of oxide copper mineralization with 4 holes spaced along 300 metres to the northwest. Results included: CORC127 returned 20 metres at 0.2% Cu and 0.2g/t Au from 16 metres consistent with thicknesses and grades intersected in the depletion zone above the CZ resource. Northern Fold Hinge Target: 5 deeper RC holes were drilled to test the "plunging Fold Hinge" model for repeat highgrade copper zones by confirming the presence of a folder layer, with coppersulphide (chalcopyrite) mineralization along 250 metres of the fold hinge position, approximately 150 metres down dip of the CZ Resource. Chalcopyrite mineralisation was intersected in all holes supporting the folded layer concept of the model, but hole deviation meant the strong offhole electromagnetic (EM) conductor target, interpreted to represent chalcopyrite accumulation in the thickened Fold Hinge position remains untested. Diamond core drilling which enables more accurate drilling will be used extensively for target testing in the forthcoming 2021 drilling campaigns. The overall objective of this small drill program was to confirm the interpreted geological model of parallel plunging shoot positions controlled by regional scale folds occurring in the upper oxide zone in the northwest and deeper fresh sulphide zones down plunge from that. Shallow Northwest Targets: Drilling tested an additional 300 metres of strike of shallow oxide copper mineralisation to the northwest of the existing defined resources2, to a depth of approximately 100 metres. Three of the four holes intersected broad (>20 metre wide) zones of anomalous copper at shallow depths (<40 metres depth). Based on the shallow intersection of the mineralisation, within the depletion zone, drill target zones 2040 metres down dip from these intersections will be a high priority for drilling in a future program. These copper intercepts merge and extend northwest, the outline of shallow oxide copper mineralisation centred around CORC107, which returned 11m at 1.04% Cu from 58 metres downhole. Deeper RC drilling targeted the thickened hinge zones of localised folds considered to control the formation of thick highgrade copper sulphide accumulations such as is interpreted at the Collerina, CZ resource. Structural thickening of sulphide mineralisation in crosscutting kink bands is considered paramount to defining highgrade copper plunge positions at Collerina. With further drilling, evidence for more of these positions could significantly grow the known scale of Collerina and rapidly add to the highgrade copper resource inventory. Structural thickening on an eastwest kink band is seen in the Central Zone foldhinge corridor. The discovery hole CORC002 intersected 14 metres at 4% Cu from 77 metres downhole. This intercept had three distinct sulphide layers identified in drill cuttings. It is interpreted to be a localised fold across the kink band, which in turn has concentrated the copper mineralisation through remobilisation and thickening into the fold hinge zones. In the Northern Fold Hinge Target Zone, there is also an interpreted crosscutting kink band. A fixed loop EM (FLEM) target, approximately 500 metres below surface coincides with the down plunge extension of this kink band to the east. Whilst completely open, this initially provides approximately 1.5km of plunge extent from surface to the FLEM target, in a parallel plunge, approximately150180 metres down dip from the Central Zone resource. Announcement • Jan 22
Helix Resources Limited Provides an Update on its Copper Exploration Program in the Cobar Region of NSW Helix Resources Limited provided an update on its copper exploration program in the Cobar region of NSW. Exploration Update: In late 2020 the Company focused its copper exploration work on the Rochford Trend which includes the Canbelego Copper project and the new Bijoux prospect. Most recently, copper exploration completed includes extensional reverse circulation (RC) drilling surrounding the Collerina Copper deposit and scout RC drilling at the Bijou Prospect, as updated: Collerina: Extensional Drilling 9 RC drill holes testing: Northwest extensional shallow, copper oxide mineralisation. New `parallel' copper rich shoot positions. Geological logging indicates the presence of shallow oxide copper mineralisation over widths consistent with the Central Zone oxide zones - potentially extending the indicated and inferred copper resource along strike to the west. Fresh, sulphide copper mineralisation was intersected in the holes targeting new parallel shoot positions. Preliminary interpretations suggest that this extends the mineralised horizon further down dip/plunge and that the drill holes have intersected the margin of a potential new shoot position; defined by the NE plunging fold- hinge zone. Bijoux: Scout Drilling (RC) four holes testing coincident copper in soil and geophysical anomaly referred to as the Bijoux Prospect occurring along the Rochford Trend. The Company has previously reported anomalous copper assays for 4 metre composite samples over the areas returning anomalous copper in PXRF readings for the scout holes drilled at the southern end of the Bijoux prospect (BJRC003 & 4). The two scout holes drilled 1.4 km to the north intersected strongly altered and weathered zones beneath the iron-stone outcrops. Work Planned - near term Main targeting tools are surface geochemistry and localised geophysics (electromagnetics) guided by regional geology interpretation and geophysical surveys including magnetic and gravity surveys. Priority targets defined in this work are then tested with follow-up drilling. With COVID restrictions easing again on the east coast, Helix's field crew has returned to Central NSW. On site now, the following activities are planned for this quarter: Collerina: Preparation for further DHEM surveys (subject to geophysical contractor availability); Additional surface Geochemistry surveys over priority targets on the Collerina Trend; Planned extension of FLEM survey at Collerina to underpin existing targets. Plan and secure statutory approvals for a larger scale, step-out drill program both RC and diamond drilling to test the full extent of the copper mineralisation at the Collerina Deposit. Bijoux: Infill surface Geochemistry surveys at Bijoux to better resolve the copper anomaly. Extend the initial MLEM survey to the north and southeast looking to model any bedrock conductors interpreted as copper mineralisation. Announcement • Dec 14
Helix Resources Limited Appoints Mike Rosenstreich as Managing Director, Effective 11 January 2021 Helix Resources Limited announced that Mr. Mike Rosenstreich will join the Company as Managing Director effective 11 January 2021. Mike brings a blend of technical and commercial skills to Helix, gained over 30 years as a geologist in both exploration and mining and as a resources financier with NM Rothschild & Sons. These roles led to several periods as Managing Director, including as a founding director of Bass Metals for over 9 years and most recently with Hexagon Energy Materials since March 2017. Announcement • Nov 17
Helix Resources Limited Provides Exploration Update for Copper and Gold Projects in the Cobar Region, New South Wales Helix Resources Limited provided an exploration update for the Company's copper and gold projects in the Cobar Region, NSW. Four scout RC drillholes in two locations along the Rochford Trend were completed as part of the current drilling program on the Cobar Gold Project. The 12km long Rochford Trend lies to the north of the Company's gold Mineral Resources, between the polymetallic Pipeline Ridge Deposit (southeast) and the Canbelego/Mt Boppy copper and gold deposits (northwest). Of significance, the two southern holes drilled at the Bijoux Prospect returned broad zones of copper in field-based pXRF readings, both in heavily weathered and strongly altered bedrock. Whilst anomalous in copper, Helix's exploration team believe this may potentially represent a depletion zone in this mineral system. The initial field pXRF readings in these holes returned: BJRC003 38m @ 0.22% Cu from surface (peak reading of 0.54% Cu); BJRC004 33m @ 0.13% Cu from 4m (peak reading of 0.50% Cu); BJRC001 2m @ 0.1% Cu, 0.15% Zn from 49m. These initial readings were sufficiently encouraging to plan, and undertake an initial MLEM survey over an 800m x 600m area covering the southern portion of the Bijoux Prospect. Helix secured the services of a geophysical crew currently working in the area, to fast track the work. This initial survey is expected to conclude shortly and the data analysed for bedrock conductors by the Company's specialist external geophysicist. The Bijoux Prospect is currently defined by an open 1.7km x 0.7km copper-in-soil anomaly, from auger soil sampling that was undertaken in 2019 and early 2020. The prospective zone was initially identified from field mapping, which identified sub-cropping brecciated ironstone, and a cluster of pXRF readings from the Auger soils with readings of up to 580ppm Cu. Importantly, the copper anomaly coincides with a subtle northwest ridgeline hosting the brecciated ironstones. This Bijoux Prospect has similarities to Aurelia Metals' recent polymetallic Federation and Dominion discoveries, and these initial results are considered very significant in that context. Particularly given the location along strike from the polymetallic Pipeline Ridge deposit and surrounding deposits (southeast) and both the Canbelego Copper Deposit (70% Helix, 30% Aeris) and Manuka Resources' high grade Mt Boppy Gold Mine (north-northwest). The iron-rich units identified at surface, may relate to massive sulphide accumulation in primary rock. These initial 4 scout holes, designed to test the gossan beneath surface, all intersect heavily weathered bedrock that has been altered to clays. All holes ended in bedrock outside the target unit, where a mafic intrusive unit and sediments appear to be strongly chlorite and sericite altered. Further drilling will be considered following the review of the results of the MLEM geophysical survey and laboratory assays. The remaining RC program at the Cobar Gold Project has recently been completed. Six targets, previously untested by drilling, have now been drilled in 15 holes for 1768m, assays are pending. The Battery Tank Goldfield has many old shafts and workings, and this phase of the program was first-ever drilling at the Prospects of Lone Hand, Girl in Blue, Reward North, Homeward Bound, Republic East and another new yet un-named regional prospect in the gold camp. On average 2-3 holes were drilled at each prospect, with prospective host lithologies, alteration and evidence for mineralising structures identified in the RC cuttings. Importantly, this program has doubled the number of prospects drilled in the gold camp to twelve, with the gold mineral system footprint continues to expand well beyond the areas hosting the project's JORC compliant gold resources. With assays pending for this drilling, field work over the coming months will concentrate on advancing the northern portion of the project area to drill-ready status. The northern fold-nose target area is over 50km2 and has seen no methodical field assessment. Helix has gained access to the area for the first time since the early 2000's and plans to follow-up numerous high priority targets identified by a review earlier this year, with input from an external gold expert. Announcement • Oct 08
Helix Resources Limited Provides Cobar Gold Update - Results from Initial 13 Holes Helix Resources Limited provided an exploration update for the Cobar Gold Project. Highlights: Assays from the initial 13 holes of a planned 29 hole program have been received; Results cover initial holes at Amity's, Reward, Battery Tank North and the Link Zone between the Sunrise and Good Friday prospects; Of significance was the single hole at the previously untested Link Zone between the Sunrise and Good Friday prospects which returned 5m @ 1.3g/t Au from 25m; Significant intercepts (>1 g/t Au) are: Link Zone - 5m@ 1.3g/t Au (incl 1m @ 2.4g/t Au) from 25 m Reward - 3m @ 1.2g/t Au (incl 1m @ 3.2g/t Au) from 18m Amitys - 1m @ 1.4g/t Au from 93m Battery Tank North - 2m @ 1.0g/t Au from 15m Drilling to date has only tested readily accessible areas; Pad and access preparation for the next 16 holes was halted during the recent heavy rain. These works will continue as conditions allow with the aim to test Lone Hand, Girl in Blue, Reward North, Homeward Bound, the Link Zone and Republic East during October and November. The gold drilling program planned as a result of the mid-year capital raising envisaged 29 holes for approximately 3,400m of drilling. The first 13 holes were in areas with reasonably easy access and known gold intercepts and rock chips to start the program. The next 16 holes will be in newer areas following a recent review by an external consultant which highlighted areas where high potential geochemical and structural indicators were evident. Access and pad preparation for these has been hampered by thick vegetation and the recent very heavy rains plus the many COVID-19 restrictions on movement of geologists and field hands across borders. Notwithstanding these hurdles, the next gold drilling program should commence later in October and be completed during November. A single hole has been drilled so far in a linking zone between the Sunrise Prospect and Good Friday Prospect. This target area is important as it demonstrates the potential for a larger scale if these Prospects join via a mineralised structure or lithological unit. The 5m @ 1.3g/t Au in HRRC146 from 25m confirms evidence for this link. Three holes were drilled at Reward for 459m targeting gold mineralisation south of significant historic workings. Results include 3m @ 1.2g/t Au from 18m and 1m @ 3.22g/t Au from 25m in HRRC140. HRRC139 has an unexplained arsenic anomaly (in pXRF readings) from 117-138m with a high of 1352ppm As and an average value of 380ppm As. Arsenic values in this range are typically associated with gold mineralisation in the project area suggesting that possibility that drilling has been on the edge of a gold zone or structure and further work is warranted. Five holes were drilled at Amity's for 713m targeting bedrock gold mineralisation under high grade surface rock chips and coincident gold and arsenic in soil anomaly. Results include 1m @ 1.35g/t Au from 93m in HRRC134. Gold mineralisation appears to follow a NW-SE strike (plunging to the NW) with HRRC137 possibly drilling below the zone and HRRC138 being too far to the south west. At Battery Tank North, four holes for 520m were drilled below anomalous gold and arsenic in soil anomalism. Results include 2m @ 1.00g/t g/t Au from 15m in HRRC145. This represents a 250m extension to the Battery Tank discovery hole and suggests this prospect needs further drilling. Announcement • Oct 05
Helix Resources Limited Completes Conceptual Modelling Work or the Collerina Copper Project Helix Resources Limited announced it has completed conceptual modelling work or the Collerina Copper Project in Central NSW resulting in the identification of significant new drill targets. Conceptual pit modelling conducted over current Central Resource drilling. The modelling was conducted expressly to identify high priority exploration targets aimed at expanding the volume of shallow and near surface mineralisation. The modelling identified several high priority drill targets approx. 50m to 200m to the north-west of the current resource, where historic CRA drilling intersected wide tenor copper mineralisation. A program of approximately 1,200 metres of RC drilling with holes between 50m and 120m is envisaged for the December quarter 2020. Modelling has also indicated the potential to increase the resource inventory surrounding the Central Zone with this additional drilling. Priority targets along the plunge of the Northern and Southern Target Zones have been refined for testing in a future drilling phase at Collerina. Reported Earnings • Sep 26
Full year earnings released - AU$0.001 loss per share Over the last 12 months the company has reported total losses of AU$480.6k, with losses narrowing by 33% from the prior year. Announcement • Sep 24
Helix Resources Limited Provides Exploration Update for the Cobar Gold Project Helix Resources Limited provided an exploration update for the Cobar Gold Project. The company advised that samples from the first 13 holes of drilling (from Amity's, Reward, Battery Tank North and a link zone between Sunrise and Good Friday) are currently at the assay laboratory. Results from the first batch are expected to be received imminently. Further results are expected to be received throughout the December 2020 quarter. Drilling is targeted to resume shortly with track and pad clearing progressing well. A widespread weather event passed through the district over the weekend. This is the last significant rain event forecast for the current program. As such, drilling and regional sampling is now expected to continue throughout the rest of the 2020 field season (subject to any further COVID travel restrictions). Announcement • Jul 08
Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.852947 million. Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.852947 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 264,706,681
Price\Range: AUD 0.007
Transaction Features: Rights Offering 