HELIX RESOURCES LIMITED — Capital/Financing Update 2020

Mar 23, 2020

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ASX Announcement 24 March 2020

Scale breakthrough with additional high-grade copper lodes at Collerina

Helix Resources Limited (ASX:HLX) ( Helix or the Company ) is pleased to announce a drilling update from its flagship, 100%-owned Collerina Copper Project in central NSW, Australia.

HIGHLIGHTS

• Phase 1 RC drilling program (16 holes for 2586m) and additional geophysics targeting new copper zones at Collerina now completed.

• New high-grade copper positions intersected down dip, along strike and in the footwall (behind the Central Zone). Preliminary DHEM data in selected holes consistent with strong off-hole responses.

• Confirms much larger extent of copper system, with at least two additional copper lodes identified outside of the initial Central Zone resource envelope [(refer ASX release 11 June 2019)] , each with extensive down plunge potential.

• Clear opportunity to substantially grow the high-grade copper resource[(refer table 1)] at Collerina.

Key results

• Primary, high-grade copper mineralisation intersected approx. 180m down dip from Central Zone resource[(refer table 1)] on a parallel structural target (Northern Target Zone); key intercept of 4m @ 3.18% Cu and 0.4g/t Au from 218m incl. 1m @ 6.44% Cu and 0.8g/t Au from 218m (fresh material).

• Oxide and transitional copper mineralisation intersected near surface, north-west of Central Zone resource; extends strike by approximately 150m and interpreted as up-plunge extension of new Northern Target Zone (indicating a full structural repeat of the Central Zone style plunge from surface ); key intercept of 11m @ 1.04% Cu from 58m incl. 3m @ 2.79% Cu from 66m (oxide/transitional material).

• Broad zones of near-surface oxide copper mineralisation intersected in a footwall fold nose target; confirms additional footwall mineralisation behind/below the Central Zone resource[(refer table 1)] (Southern Target Zone); key intercept of 46m @ 0.44% Cu from 3m incl. 1m @ 4.9% Cu from 32m (oxide material).

• In aggregate, represents significant extensional success and validation of broader Central Zone Exploration Target [(refer ASX release 11 June 2019)] (including likely envelope expansion); parallel Northern Target Zone extends from surface to untested Fixed Loop EM (FLEM) targets 1.5km down plunge (which is approximately 550m from surface).

Geophysics

• Downhole Electromagnetic (DHEM) surveys have been undertaken on select drill holes with strong offhole responses confirmed from field data; detailed modelling underway and will be released when completed.

COVID-19

• Field activities have been suspended following the recent imposition of non-essential travel restrictions in NSW. The Company will continue to monitor the situation and provide updates where appropriate.

T +61 8 9381 2644 F +61 8 9381 3909E E helix@helix.net.au

Corporate Office Suite 7 78 Churchill Ave Subiaco WA 6008

helix.net.au

ABN 34 113 017 128

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Figure 1: Plan view of the Collerina deposit, showing the current resource (Orange) within the new sulphide ribbon (Blue) interpretation. New drilling results confirm strike, dip and plunge extensions well outside the current resource envelope.

Helix Executive Chairman, Peter Lester, commenting on the results said: “This is a significant set of exploration outcomes for Helix and the Collerina Copper Project. Our recent drilling has confirmed the existence of high-grade copper mineralisation well outside of the Central Zone resource area. The targeted down plunge extent of these additional lodes offers substantial potential upside to our current resource base at Collerina. A number of new high-priority target positions will require further drilling to fully realise the potential of the broader Collerina Deposit.”

Collerina Copper Project context

Helix’s 100%-owned Collerina Copper Project is located in the highly active copper/gold mining and exploration district known as the Cobar Basin, within central NSW, Australia.

The Collerina Copper Project comprises a tenement package in excess of 1,500km[2] , including over 85km of copper-prospective trend. It is surrounded by multiple operating base metal and gold mines within the broader Cobar Basin (Tritton, Hera, Peak, CSA; refer Figure 3).

The Central Zone deposit is an internally generated, high-grade copper discovery within the Collerina Copper Project. High-grade results from previous drilling of the Central Zone deposit include: 11m at 6.6% Cu, 12m at 5.0% Cu, 14m at 4.0% Cu and 10m at 3.7% Cu¹.

In June 2019, Helix announced a maiden resource estimate for the Central Zone deposit of 2.02 Mt at 2.03% Cu and 0.1g/t Au for 40kt copper and 9.4koz gold (Indicated and Inferred) (refer Table 1). Almost 50% of that resource tonnage sits in the Indicated categorisation, with the remainder classified as Inferred.

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Table 1: Central Zone Mineral Resource Estimate (June 2019) (0.5% Cu Cut-off)

Classification	Type	Tonnes	Cu	Au	Cu	Au
		Mt	%	g/t	t	oz
Indicated	Oxide / Transitional	0.17	1.1	0.0	1,900	200
Inferred	Oxide / Transitional	0.46	0.6	0.0	2,700	100
Total	Oxide / Transitional	0.63	0.7	0.0	4,600	300
Indicated	Fresh	0.83	2.6	0.2	21,800	6,600
Inferred	Fresh	0.57	2.5	0.1	14,100	2,500
Total	Fresh	1.40	2.6	0.2	35,800	9,100
Indicated	Oxide / Transitional	0.17	1.1	0.0	1,900	200
Indicated	Fresh	0.83	2.6	0.2	21,800	6,600
Inferred	Oxide / Transitional	0.46	0.6	0.0	2,700	100
Inferred	Fresh	0.57	2.5	0.1	14,100	2,500
Total	Combined	2.02	2.0	0.1	40,400	9,400

Other than results contained in this ASX release, Helix confirms that it is not aware of any new information or data that materially affects the Mineral Resource information included in Helix ASX release dated 11 June 2019, Interim Maiden Resource at Collerina Copper Project . All material assumptions and technical parameters underpinning the estimates in that release continue to apply and have not materially changed.

The primary objective of the recent Phase 1 RC drilling program at Collerina was to test for further high-grade copper mineralisation in zones immediately surrounding the initial Central Zone resource[(refer table 1)] .

The Central Zone resource lies within a larger Exploration Target envelope (which has been constrained between interpreted cross-cutting faults, coincident with the strike of the surface geochemical footprint and shallow copper oxide drilling). The Exploration Target consists of an additional 2 – 5Mt at similar grades of approximately 1.5 – 3.0% Cu (representing a potential additional 30 – 150kt contained copper).

While the near-surface strike continuity of the Collerina mineralisation is now well understood, the potential quantity and grade of the Exploration Target remains conceptual until drill tested. Geophysical and structural evidence provides confidence in the geometry and dimensions, however there has been insufficient drilling within these new plunge extensions to estimate Mineral Resources in the broader shape. It should be considered uncertain as to whether further exploration drilling will result in the definition of additional Mineral Resources within or beyond the Exploration Target envelope.

Key results from recent drilling

The primary objective of the recent Phase 1 RC drilling program at Collerina was to test for further highgrade copper mineralisation in zones immediately surrounding the initial Central Zone resource[(refer table 1)] .

The program has successfully identified new zones of high-grade copper well outside the current Central Zone resource envelope (see Figure 1). These results represent a significant extensional success and clear validation of the broader Central Zone Exploration Target. They deliver clear opportunity to substantially grow the high-grade resource inventory at Collerina plus the current Exploration Target envelope [(refer ASX release 11 June 2019)] .

Down-dip/plunge parallel target (Northern Target Zone)

Massive, semi-massive and disseminated copper sulphide mineralisation was intersected in a targeted zone approximately 180m down-dip from the delineated Central Zone resource envelope (Northern Target Zone).

The key intercept of 4m @ 3.18% Cu and 0.4g/t Au from 218m (including 1m @ 6.44% Cu and 0.8g/t Au from 218m) (primary material) was returned in CORC116 (see Figure 2).

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This result represents a significant extensional breakthrough , consistent with the revised geological and structural model, and provides genuine potential to increase the scale of delineated high-grade resources at Collerina. It also provides strong validation of the existing Central Zone Exploration Target [(refer ] ASX release 11 June 2019) envelope and the clear potential for it to be significantly extended.

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Figure 2: Cross section showing down dip Northern Target Zone located over 180m from current resource envelope.

Downhole Electromagnetic (DHEM) has been conducted in CORC116 with both strong on-hole and offhole responses identified in the field data. Modelling of the DHEM data is ongoing.

Northern Target Zone – up-plunge (northwest extension)

The drilling program also tested the northwest extension of the Central Zone. The results returned have increased the strike of the Collerina copper system by at least a further 150m in this direction.

Holes drilled into this extensional target intersected zones of oxide and transitional copper mineralisation in two broad fence lines of drilling. The best result of 11m @ 1.04% Cu (oxide/transitional) from 58m ( including 3m @ 2.79% Cu (transitional) from 66m) was returned in CORC107.

A previously drilled hole, CORC036, located 85m south of CORC107 on the western edge of the Central Zone resource, had intersected broad oxide copper mineralisation returning 23m @ 0.5% Cu from 37m, including individual 1m intervals of up to 3.6% Cu (from 56-57m) of oxidised copper mineralisation¹.

Significantly, these results are interpreted to represent the up-plunge position of the Northern Target Zone. This implies a full structural repeat of the Central Zone style plunge from surface as the Northern Target Zone extends to untested FLEM targets approximately 1.5km down plunge (which is approx. 550m from surface).

It is also important to note that similar copper oxide widths and copper grades at this depth within the adjacent Central Zone improved significantly when further drilling was undertaken below 80m depth from surface.

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Southern Target Zone – Footwall of Central Zone

A broad zone of oxide copper mineralisation had previously been observed in a hole drilled approximately 40m west-southwest of CORC009 (53m at 0.5% Cu from surface, including 5m at 4.2% Cu from 48m to end-of-hole)¹.

Targeting a footwall fold nose target, and drilled in the current program, CORC111 returned 46m @ 0.44% Cu from 3m including 1m @ 4.9% Cu from 31m (massive copper oxide – malachite). This provides strong confirmation of additional footwall mineralisation behind/below the Central Zone resource (Southern Target Zone).

Broad zones of shallow oxides were also present in CORC112 (12m @ 0.11% Cu from 20m) and CORC120 (30m @ 0.18% Cu from 33m). CORC121 intersected semi-massive chalcopyrite in a fault zone (1m @ 2.88% Cu from 58m).

Significantly, the host geology is similar to the Central Zone however appears to be overturned, consistent with a repeat fold closure.

Geophysics

Downhole Electromagnetic (DHEM) analysis has proven to be a highly effective tool for targeting thicker, higher grade copper sulphide mineralisation at Collerina.

DHEM surveys have been undertaken on select holes from the Phase 1 RC program. A number of strong on-hole and off-hole responses have been identified across the preliminary DHEM data.

The field data is now being modelled by our specialist geophysical consultant. Further details will be released at the completion of this modelling process.

DHEM modelling remains a key tool in enhancing the geological and structural repeat model at Collerina.

Full drilling results

Full results from the recent Phase 1 RC drilling program at Collerina are detailed below.

Table 2: Drill collars (MGA94 Zone 55)

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All Holes drilled at -70 degrees to grid and azimuth 220 degrees

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Table 3: Drill results from RC drilling

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Intercepts based on 1m samples with 0.1% Copper cut-off with maximum 2m internal dilution *Intercepts based on 4m composite samples with a 0.1% Cut-off with no internal dilution NSR = No significant result

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Figure 3: The Collerina Project and Helix’s regional assets are located in a proven gold and base metals district with intensive mining and exploration activities across the region.

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This ASX release was authorised on behalf of the Helix Board by:

Peter Lester - Executive Chairman

CONTACT DETAILS:

Investors

Media

Peter Lester Michael Vaughan Executive Chairman Fivemark Partners +61 8 9321 2644 +61 422 602 720 helix@helix.net.au michael.vaughan@fivemark.com.au

¹ For full details of exploration results refer to Helix ASX releases dated 4 February 2015, 29 June 2016, 1 December 2016, 3 August 2017, 8 November 2017, 14 February 2018, 27 February 2018, 5 April 2018, 14 May 2108, 13 June 2018, 18 July 2018, 16 November 2018, 10 December 2018, 11 June 2019, 17 November 2019,4 December 2019 and 14 January 2020. Helix is not aware of any new information or data that materially effects the information in these announcements.

The Information in this report that relates to Exploration Results is based on information compiled by Mr Michael Wilson, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Wilson is a full-time employee and shareholder of Helix Resources Limited. Mr Wilson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Wilson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward-Looking Statements

This ASX release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Helix Resources Ltd.’s current expectations, estimates and assumptions about the industry in which Helix Resources Ltd operates, and beliefs and assumptions regarding Helix Resources Ltd.’s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “potential” and similar expressions are intended to identify forward-looking statements. Forward- looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Helix Resources Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward- looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Helix Resources Ltd does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward looking statement is based.

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JORC Code – Table 1

Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling	 Nature and quality of sampling (eg cut channels, random	 The Collerina drilling used a commercial contractor for RC drilling. A
techniques	chips, or specific specialised industry standard	total of 16 holes were reported (refer Table 1 and 2 in body of
	measurement tools appropriate to the minerals under	announcement). Holes were orientated at 220 grid direction, and were
	investigation, such as down hole gamma sondes, or	drilled at an initial dip of 70°.
	handheld XRF instruments, etc). These examples should	 The drill hole locations were located by handheld GPS with down hole
	not be taken as limiting the broad meaning of sampling.	surveys were conducted during drilling, using an in-rod down-hole
	 Include reference to measures taken to ensure sample	system.
	representivity and the appropriate calibration of any	 RC Drilling was used to obtain 1m split samples from selected intervals.
	measurement tools or systems used.	Some sampling was completed as 4m composites around areas of
	 Aspects of the determination of mineralisation that are	interest. RC was collected at the rig as a split sample from each metre
	Material to the Public Report.	with selected metres collected by Helix staff for assay.
	 In cases where ‘industry standard’ work has been done this
	would be relatively simple (eg ‘reverse circulation drilling
	was used to obtain 1 m samples from which 3 kg was
	pulverised to produce a 30 g charge for fire assay’). In
	other cases more explanation may be required, such as
	where there is coarse gold that has inherent sampling
	problems. Unusual commodities or mineralisation types
	(eg submarine nodules) may warrant disclosure of detailed
	information.
Drilling	 Drill type (eg core, reverse circulation, open-hole hammer,	 RC was the method chosen for the holes drilled and RC were drilled
techniques	rotary air blast, auger, Bangka, sonic, etc) and details (eg	with a 150mm face sampling hammer using industry practice drilling
	core diameter, triple or standard tube, depth of diamond	methods.
	tails, face-sampling bit or other type, whether core is
	oriented and if so,bywhat method,etc).

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Criteria	Criteria	JORC Code explanation	Commentary
Drill	sample	 Method of recording and assessing core and chip sample	 Sample weight and recoveries are observed during the drilling and any
recovery		recoveries and results assessed.	sample under-sized or over-sized was noted the geological logs.
		 Measures taken to maximise sample recovery and ensure	 Samples were checked by the geologist for volume, moisture content,
		representative nature of the samples.	possible contamination and recoveries. Any issues are discussed with
		 Whether a relationship exists between sample recovery	the drilling contractor.
		and grade and whether sample bias may have occurred
		due topreferential loss/gain of fine/coarse material.
Logging		 Whether core and chip samples have been geologically	 All RC samples have a representative sieved amount of drill chips
		and geotechnically logged to a level of detail to support	collected in trays for future reference.
		appropriate Mineral Resource estimation, mining studies	 Logging of Drilling recorded lithology, alteration, degree of oxidation,
		and metallurgical studies.	fabric and colour.
		 Whether logging is qualitative or quantitative in nature.	 All holes were/are to be logged in full.
		Core (or costean, channel, etc) photography.
		 The total length and percentage of the relevant
		intersections logged.
Sub-		 If core, whether cut or sawn and whether quarter, half or all	 The preparation of RC follow industry practice. This involves oven
sampling		core taken.	drying, pulverization of total sample using LM5 mills until 85% passes
techniques		 If non-core, whether riffled, tube sampled, rotary split, etc	75 micron.
and	sample	and whether sampled wet or dry.	 Field QA_QC involved repeat sampling and the laboratories standard
preparation		 For all sample types, the nature, quality and	QA_QC procedures.
		appropriateness of the sample preparation technique.	 The sample sizes are considered appropriate to the grain size of the
		 Quality control procedures adopted for all sub-sampling	material being sampled. Repeatability of RC assays are good.
		stages to maximise representivity of samples.
		 Measures taken to ensure that the sampling is
		representative of the in situ material collected, including
		for instance results for field duplicate/second-half
		sampling.
		 Whether sample sizes are appropriate to the grain size of
		the material beingsampled.

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Criteria		JORC Code explanation	Commentary
Quality	of	 The nature, quality and appropriateness of the assaying	 All assays were conducted at accredited assay laboratory. The analytical
assay	data	and laboratory procedures used and whether the	technique used for base metals is a mixed acid digest with a MS
and		technique is considered partial or total.	collection. Gold was assayed via the fire assay method.
laboratory		 For geophysical tools, spectrometers, handheld XRF	 Laboratory QA/QC samples involving the use of blanks, duplicates,
tests		instruments, etc, the parameters used in determining the	standards (certified reference materials), replicates as part of in-house
		analysis including instrument make and model, reading	procedures.
		times, calibrations factors applied and their derivation, etc.
		 Nature of quality control procedures adopted (eg
		standards, blanks, duplicates, external laboratory checks)
		and whether acceptable levels of accuracy (ie lack of bias)
		andprecision have been established.
Verification		 The verification of significant intersections by either	 Results have been verified by Company management.
of sampling		independent or alternative company personnel.	 Geological data was collected using handwritten log sheets which
and assaying		 The use of twinned holes.	detailed geology (weathering, structure, alteration, mineralisation),
		 Documentation of primary data, data entry procedures,	sampling quality and intervals, sample numbers, QA/QC and survey
		data verification, data storage (physical and electronic)	data. This data, together with the assay data received from the
		protocols.	laboratory and subsequent survey data were entered into a secure
		 Discuss anyadjustment to assaydata.	Access databases and verified.
Location	of	 Accuracy and quality of surveys used to locate drill holes	 The drill collar positions were picked-up using GPS.
data points		(collar and down-hole surveys), trenches, mine workings	 Grid system is GDA94 Zone 55.
		and other locations used in Mineral Resource estimation.	 Surface RL data collected using GPS. Topography around the drilled
		 Specification of the grid system used.	area is a slight slope grading from Grid North-East to drainage west of
		 Quality and adequacy of topographic control.	the main drilled area. Variation in topography is less than 5m across
			the drilled area.

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Criteria		JORC Code explanation	Commentary
Data spacing		 Data spacing for reporting of Exploration Results.	 Drill holes at the Collerina Project are targeting new zones outside the
and		 Whether the data spacing and distribution is sufficient to	resource envelope relating to geological and structural targets.
distribution		establish the degree of geological and grade continuity	 This is a step-out drilling program conducted by Helix for the Project.
		appropriate for the Mineral Resource and Ore Reserve	 Sampling involved 1m interval samples. Some sampling in areas of low-
		estimation procedure(s) and classifications applied.	priority were subject to 4m composite sampling assay.
		 Whether sample compositinghas been applied.
Orientation		 Whether the orientation of sampling achieves unbiased	 Inclined RC drilling and diamond holes have been previously
of data	in	sampling of possible structures and the extent to which	completed within the copper mineralised zone with good correlation
relation	to	this is known, considering the deposit type.	observed between data sets.
geological		 If the relationship between the drilling orientation and the	 No orientation based sampling bias has been identified in the data to
structure		orientation of key mineralised structures is considered to	date.
		have introduced a sampling bias, this should be assessed	 High grade base metals and associated gold was intersected in many
		and reported if material.	of the holes drilled with a maiden JORC2012 resource estimated in June
			2019.
Sample		 The measures taken to ensure sample security.	 Chain of Custody is managed by the Company. The samples were
security			freighted directly to the laboratory with appropriate documentation
			listing sample numbers intervals and/or cut, with analytical methods
			requested.
Audits	or	 The results of any audits or reviews of sampling techniques	 No additional QA/QC has been conducted for the drilling to date.
reviews		and data.

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Section 2 Reporting of Exploration Results

Section 2 Reporting of Exploration Results	Section 2 Reporting of Exploration Results	Section 2 Reporting of Exploration Results
(Criterialistedinthe preceding sectionalso apply to this section.)
Criteria		JORC Code explanation	Commentary
Mineral		 Type, reference name/number, location and ownership	 The Collerina Project is on EL8768.Helix secured the precious and base
tenement		including agreements or material issues with third parties	metal rights under a split commodity agreement with the owners
and	land	such as joint ventures, partnerships, overriding royalties,	Augur minerals Limited (ALPHA HPA Limited’s subsidiary Solindo Pty
tenure status		native title interests, historical sites, wilderness or national	Ltd). The tenement is in good standing. Beside recent COVID19
		park and environmental settings.	directives, There are no impediments to operating in this area.
		 The security of the tenure held at the time of reporting
		along with any known impediments to obtaining a licence
		to operate in the area.
Exploration		 Acknowledgment and appraisal of exploration by other	 Previous modern exploration on the Collerina was limited to 3 holes
done	by	parties.	drilled by CRA in the 1980’s all three holes intersected copper
other parties			mineralisation. Historic shafts and pits are present in the area, which
			date back to small scale miningactivities in the early1900’s.
Geology		 Deposit type, geological setting and style of mineralisation.	 The prospect is considered to be a hybrid VMS style system similar to
			the Tritton and Murrawombie style copper mines,in the region.
Drill	hole	 A summary of all information material to the	 Refer to table 1 and table 2 in the body of the text
Information		understanding of the exploration results including a	 No material information was excluded from the results listed
		tabulation of the following information for all Material drill
		holes:
		 If the exclusion of this information is justified on the basis
		that the information is not Material and this exclusion does
		not detract from the understanding of the report, the
		Competent Person should clearly explain why this is the
		case.

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Criteria	JORC Code explanation	Commentary
Data	 In reporting Exploration Results, weighting averaging	 Results were reported from geological intervals, with max 1m of
aggregation	techniques, maximum and/or minimum grade truncations	internal dilution.
methods	(eg cutting of high grades) and cut-off grades are usually	 No weighting has been used
	Material and should be stated.	 No metal equivalent results were reported.
	 Where aggregate intercepts incorporate short lengths of
	high grade results and longer lengths of low grade results,
	the procedure used for such aggregation should be stated
	and some typical examples of such aggregations should be
	shown in detail.
	 The assumptions used for any reporting of metal
	equivalent values should be clearlystated.
Relationship	 These relationships are particularly important in the	 The program was designed to intersect various targets of base metal
between	reporting of Exploration Results.	mineralisation.
mineralisatio	 If the geometry of the mineralisation with respect to the	 From our understanding of the Prospect, drilling is designed to
n widths and	drill hole angle is known, its nature should be reported.	intersect target mineralisation as close to perpendicular as practical.
intercept	 If it is not known and only the down hole lengths are
lengths	reported, there should be a clear statement to this effect
	(eg‘down hole length,true width not known’).
Diagrams	 Appropriate maps and sections (with scales) and	 Refer to figure 1 and 2
	tabulations of intercepts should be included for any
	significant discovery being reported These should include,
	but not be limited to a plan view of drill hole collar
	locations and appropriate sectional views.
Balanced	 Where comprehensive reporting of all Exploration Results	 Refer to Table 1 and 2
reporting	is not practicable, representative reporting of both low and
	high grades and/or widths should be practiced to avoid
	misleadingreportingof Exploration Results.

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Criteria	JORC Code explanation	Commentary
Other	 Other exploration data, if meaningful and material, should	 Previously reported activities Refer to ASX announcements on
substantive	be reported including (but not limited to): geological	www.helix.net.aufor details
exploration	observations; geophysical survey results; geochemical
data	survey results; bulk samples – size and method of
	treatment; metallurgical test results; bulk density,
	groundwater, geotechnical and rock characteristics;
	potential deleterious or contaminatingsubstances.
Further work	 The nature and scale of planned further work (eg tests for	 Additional geophysical surveys are being used to further verify the
	lateral extensions or depth extensions or large-scale step-	extent of these new target zones surrounding the JORC2012 Resource
	out drilling).	at the Collerina Deposit.
	 Diagrams clearly highlighting the areas of possible
	extensions, including the main geological interpretations
	and future drilling areas, provided this information is not
	commerciallysensitive.