Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

HELIX RESOURCES LIMITED Capital/Financing Update 2025

Mar 27, 2025

65059_rns_2025-03-27_009cb9d1-eb4b-48a8-ade2-56daf83f90df.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX Announcement 28 March 2025

==> picture [195 x 88] intentionally omitted <==

==> picture [25 x 24] intentionally omitted <==

Helix Diversifies with Acquisition of White Hills Copper-Gold Project, Arizona.

  • Helix enters conditional binding agreements to acquire the White Hills copper-gold project in Arizona, USA comprising a total of 7 tenements over 23 km[2] .

  • Located in the Arizona Arc, a belt prospective for copper-gold porphyry and IOCG deposits, which also lies within the southern part of the Nevada Walker Lane gold trend, host to several multi-million ounce gold deposits in Arizona.

  • Previous work undertaken included soil and rock chip sampling, airborne geophysics (magnetics and radiometrics), ground gravity, airborne hyperspectral, and 10 historical drillholes that were only analysed for gold. Rock chip and soil samples contain multiple areas of copper and gold anomalism.

  • The project is easily accessible year-round with a 1.5 hours road journey from Las Vegas and has excellent infrastructure, being ~50 km from the revitalised Mineral Park copper porphyry mining operation.

  • The acquisition is viewed as complimentary to Helix’s existing Cobar copper-gold assets. Helix continues to undertake a whole of project review of the Cobar assets to obtain the best outcomes for shareholders, which may include joint ventures.

Helix’s Executive Chairman, Mike Povey commented:

“The addition of the White Hills project in Northern Arizona provides the Company with an exciting opportunity in a part of the world renowned for producing world-class copper/gold deposits. The results of geochemical exploration to date has provided compelling evidence of a copper/gold system that is the best candidate that I have seen in many years for more intensive exploration efforts.

Our intention is to move as quickly as possible in our evaluation of White Hills and the vendors, two highly experienced geologists with an intimate knowledge of working in the western USA, will be of great help in our exploration efforts.

The board and management remain entirely focused on building long-term value for our shareholders, and we are confident this acquisition will play a key role in that growth. We look forward to progressing this outstanding opportunity”

Helix Resources Ltd ABN 27 009 138 738 | Level 4 225 St Georges Terrace, Perth WA 6000 | +61 8 93212644 ASX: HLX

==> picture [18 x 51] intentionally omitted <==

SUMMARY

Helix Resources Limited (ASX: HLX) ( Helix or the Company ) is pleased to advise that it has entered into conditional binding letter agreements ( Binding Agreements ) with Centric Minerals Management (USA) Inc ( Centric ) and White Hills Exploration LLC (“ White Hills Exploration ”), (the Vendors ) to acquire the White Hills Project, a strategic portfolio of copper-gold tenements in Arizona, USA ( Figure 1 ) (the Project ).

The region hosts world class porphyry copper deposits and is also prospective for Iron Oxide Copper Gold (IOCG) deposits. The White Hills Project is located 50 km from the Mineral Park porphyry copper-molybdenum-silver mine operated by Waterton Copper[1] ( Figure 1 ) and comprises a package of 7 highly prospective adjoining tenements totalling 23 km[2] ( Figure 2 ) entailing:

  • Five Private Mining Sublease claims (under farm-in agreement by Centric with Newmont), and

  • Two State Leases held by White Hills Exploration.

==> picture [387 x 387] intentionally omitted <==

Figure 1: White Hills copper-gold project location in Arizona.

1 Waterton Copper is investing approximately US$600 million to execute Phase 2 of its operating plan, which will bring the site to over one hundred million pounds of copper equivalent annually. https://www.wheatonpm.com/portfolio/development-projects/mineral-park/default.aspx

2

==> picture [18 x 51] intentionally omitted <==

==> picture [391 x 538] intentionally omitted <==

Figure 2: White Hills Tenements showing Private Minerals Land (5 Mining Sublease claims under farm-in by Centric) and two State leases (held by White Hills Exploration).

Key Commercial Terms of the Binding Agreements (refer Appendix B for further details)

Helix entered non-binding exclusivity agreements with the Vendors in February this year and is pleased to have now reached Binding Agreements with the Vendors. The completion of the Agreement ( Settlement ) is subject to several conditions including the Company entering into formal agreements with the Vendor. Appendix B sets out the key commercial terms of each Binding Agreement, with a short high-level summary included below.

3

==> picture [18 x 51] intentionally omitted <==

Acquisition of 100% White Hills Exploration LLC: White Hills Exploration Inc holds two State leases located in Northern Arizona ( Figure 2, Table 2 ).

Acquisition of 100% of Centric Minerals Management USA Inc: Centric holds a farm-in agreement for five Mining Sublease claims held by Newmont ( Figure 2, Table 3 ). Centric is required to spend US$500,000 by 5th January 2026 in order to secure 100% of the Mining Sublease claims.

Under the agreement with the Vendors Helix can acquire 100% of the project by:

  • i. Payment of A$100,000 (including A$40,000 paid to date as the exclusivity fee) for claims fee and A$60,000 on signing a Binding Letter Agreement.

  • ii. A$100,000 after Formal Agreements are signed and a Capital raising by Helix of not less than A$1.0 million.

  • iii. Issue of Helix FPO shares to the value of A$1.3M within 30 days of confirmation by Newmont of Helix completing the farm-In requirements of the Newmont Agreement (referenced below).

  • iv. Newmont Agreement Obligations, Royalty and Buy Back Rights:

  • a. Spending US$500,000 on the Mining Sublease claims by 5th January 2026 (meeting the farm in obligation so that the Mining Sublease claims will become 100% owned by Centric).

  • b. Upon delivery by the Company to Newmont of a Positive Feasibility Study, the Company shall pay US$500,000 to Newmont.

  • c. If the Company progresses to a pre-feasibility study (PFS) then Newmont has the right to back in. Newmont will pay to the Company 1.5 times the exploration expenditure to that point and form a 51:49% JV to develop the project.

  • d. Newmont retains a production royalty of 2.5% net smelter return from the Property.

PROJECT DESCRIPTION

Geology and mineralisation

The White Hills project is located in the Arizona Arc ( Figure 1 ), a belt prospective for world class copper-gold porphyry and IOCG deposits[2] , which also lies within the southern part of the Nevada Walker Lane gold trend, host to several multi-million ounce gold deposits in Arizona[3] .

Originally explored for gold, the project also contains copper anomalies (refer to Historical Exploration below) that have not been adequately followed up. Given both copper and gold are present, the project is considered to have potential for porphyry or IOCG mineralisation.

Historical Exploration

Soil Sampling

Two soil programs have been undertaken in the tenements by the previous owners ( Figure 2):

  • Centric (2022): 462 soil samples (incl. duplicates) undertaken on a 100m grid spacing. Sampling, analytical, and QAQC procedures are described in JORC Table 1.

2 Barton, M. 2009. IOCG Deposits: A Cordilleran Perspective. Proceedings of the Tenth Biennial SGA Meeting, Townsville 2009.

3 Barnett, C and Williams P. 2006. Mineral Exploration using modern data mining techniques. 2006 Society of Economic Geologists Special Publication 12, Chapter 15 pp 295;-310. Refer to Table 1: Deposits Exceeding 1 Moz of Gold in the Walker Lane.

4

==> picture [18 x 51] intentionally omitted <==

  • Historical samples (~2004). 3,225 soil samples undertaken on various grid spacings. No information is available on sample and QAQC procedures, however analytical protocols are known and are described in JORC Table 1.

The results from the Section 2 prospect show a 1.2 km long and 500 m wide zone of anomalous (>20 ppb) gold.

==> picture [413 x 585] intentionally omitted <==

Figure 2 : Location of gold in soil results within the White Hills project

5

==> picture [18 x 51] intentionally omitted <==

Rock Samples

A database of historical rock samples is available that contains 633 samples for the White Hills project ( Figure 3 ). This is unverified historical data and no information is available regarding the sampling and QAQC protocols. Individual samples are likely selective. Some samples were collected from trenches but it has not been confirmed if sampling was selective or from continuous channels. More than half (348) rock samples out of a total of 633 samples in the historical database contain gold >0.1g/t and 115 rock samples out of 633 samples in the historical database contain copper >0.1%. The highest-grade gold and copper rock chip samples respectively contain 23 g/t gold and 0.8 % copper (Sample No: 46558E69463N) and 5.7 % copper and 6.1 g/t gold (Sample No: 45502E70018N-VCU) which Helix considers as compelling evidence that a copper and gold system is present at White Hills ( Figure ). Historical rock chip samples are reported above a 0.1 g/t gold cut off in Appendix B.

==> picture [382 x 524] intentionally omitted <==

Figure 3 : Location of rock samples in the White Hills project

6

==> picture [18 x 51] intentionally omitted <==

Drilling

Historical drilling (10 diamond drillholes) was completed to test the soil and rock geochemistry anomalies at White Hills ( Figure 4 , Table 1 ). The holes were only analysed for gold and an example of the gold drill intercepts is shown in Figure 5 (Drill section from DDH006). As these are historical drillholes the drilling and sampling protocols are not known, however the samples were analysed at an accredited laboratory. Helix has not verified the historical drill results.

==> picture [414 x 556] intentionally omitted <==

Figure 4 : Location of drillholes in the White Hills project

7

==> picture [18 x 51] intentionally omitted <==

Table 1 : Table of collars for drillholes.

Hole ID Grid UTM_East UTM_North UTM_RL Az_Grid Dip Tot_Depth
DDH-1 WGS84 Z 11N 745213 3970188 1183.234 180 -45 99.06
DDH-2 WGS84 Z 11N 745213 3970188 1183.234 0 -90 57.912
DDH-3 WGS84 Z 11N 745209 3970126 1199.083 0 -90 137.4648
DDH-4 WGS84 Z 11N 745181 3970109 1202.741 270 -70 92.6592
DDH-5 WGS84 Z 11N 745183 3970110 1202.741 90 -70 45.72
DDH-6 WGS84 Z 11N 745173 3970027 1193.597 0 -90 69.4944
DDH-7 WGS84 Z 11N 745132 3970081 1210.97 0 -90 80.772
DDH-8 WGS84 Z 11N 745081 3970086 1211.885 0 -90 91.44
DDH-9 WGS84 Z 11N 744901 3970079 1200.912 140 -65 67.056
DDH-10 WGS84 Z 11N 745142 3970194 1189.33 220 -65 91.44

==> picture [463 x 434] intentionally omitted <==

----- Start of picture text -----

1,175mRL 1,175mRL
1,150mRL 1,150mRL
1,125mRL 1,125mRL
745,150mE 745,175mE 745,200mE
745,150mE 745,175mE 745,200mE
----- End of picture text -----

Figure 5 : Cross Section of drillhole DDH-6 (drilled to ~70m depth) that shows typical downhole distribution of gold mineralisation in oxide rocks. Note that copper was not analysed for in drillholes.

8

==> picture [18 x 51] intentionally omitted <==

It is the opinion of the Competent Person that the unverified historical Exploration Results (soils, rocks and drill) are reliable for a number of reasons (described further in JORC Table 1) and warrant follow-up work:

  • Historical samples were analysed at accredited laboratories including American Assay Laboratories (AAL) in Nevada.

  • Sampling, QAQC and analytical protocols where they are known are described in JORC Table 1.

  • The 2022 soil sampling program undertaken by Centric effectively validated the presence of copper and gold in the earlier 2004 soil program.

  • Gold is present in all sample mediums (rock chips, soil and drilling). Copper is present in rock chips and soil.

Geophysics and Hyperspectral Surveys.

Newmont flew a helicopter radiometric and magnetic survey plus a ground gravity survey in 2018 and has provided various modelled outputs of the data plus the raw data to Centric. These data files have been provided to an independent geophysicist for modelling with results expected in the coming month.

Centric completed an airborne hyperspectral survey in 2022 and has copies of the various raw and modelled data from the SWIR and LWIR surveys. These data sets are currently being re-modelled and interpreted with results from this work to be combined with the modelled geophysics and a report expected in the coming month.

Forward Work Programs

Following completion of Formal Agreements, Helix intends to commence preparation for a drill program testing coincident geophysical and geochemical targets. It is anticipated 2000m of diamond core will be drilled in 4 x 250m holes to confirm previously identified gold mineralisation.

Helix has undertaken to the Vendors that it will fund the programs by a capital raising of not less than A$1.0 million. This is expected to be undertaken in the second quarter 2025.

Table 2 : Two Arizona State Leases held by White Hills Exploration LLC.

==> picture [303 x 63] intentionally omitted <==

9

==> picture [18 x 51] intentionally omitted <==

Table 3 : Five Arizona Mineral Permits.

==> picture [273 x 281] intentionally omitted <==

COMPETENT PERSON STATEMENT

The information in this report that relates to exploration results and geological data for the White Hills projects is based on and fairly represents information and supporting documentation prepared by Dr Kylie Prendergast who is an employee and shareholder of the Company. Dr Prendergast is a Member of the Australian Institute of Geoscientists. Dr Prendergast has sufficient experience that is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken to each qualify as Competent Person(s) as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Prendergast has consented to the inclusion of this information in the form and context in which it appears in this report. The Company confirms that it is not aware of any new information or data that materially affects the information included in this release and that all material assumptions and technical parameters in the announcement continue to apply and have not materially changed.

Forward Looking and Cautionary Statements

Some statements in this report regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, “could”, “nominal”, “conceptual” and similar expressions. Forward looking statements, opinions and estimates included in this announcement are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance. Forward looking statements may be affected by a range of variables that could cause actual results to differ from estimated results, and may cause the Company’s actual performance and financial results in

10

==> picture [18 x 51] intentionally omitted <==

future periods to materially differ from any projections of future performance or results expressed or implied by such forward looking statements. These risks and uncertainties include but are not limited to liabilities inherent in mine development and production, geological, mining and processing technical problems, the inability to obtain any additional mine licenses, permits and other regulatory approvals required in connection with mining and third party processing operations, competition for among other things, capital, acquisition of reserves, undeveloped lands and skilled personnel, incorrect assessments of the value of acquisitions, changes in commodity prices and exchange rate, currency and interest fluctuations, various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions, the demand for and availability of transportation services, the ability to secure adequate financing and management’s ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward looking statements will prove to be correct.

Statements regarding plans with respect to the Company’s mineral properties may contain forward looking statements in relation to future matters that can only be made where the Company has a reasonable basis for making those statements.

This announcement has been prepared in compliance with the JORC Code (2012) and the current ASX Listing Rules.

This ASX release was authorised by the Board of Directors of Helix Resources Ltd.

ABN: 27 009 138 738 Board of Directors: HLX ASX: HLX. HLXO

Mike Povey – Executive Chairman Kylie Prendergast – Non-executive Director Kevin Lynn – Non-executive Director

Contact Details: Helix Resources Limited Level 4, 225 St Georges Terrace, Company Secretary Perth, WA, 6000 Ben Donovan

==> picture [24 x 23] intentionally omitted <==

Investor Contact: Mike Povey

PO Box 7237 Cloisters Square PO Perth, WA 6850

==> picture [20 x 20] intentionally omitted <==

Email: [email protected] Web: www.helixresources.com.au Tel: +61 (0)8 9321 2644

About Helix Resources

Helix Resources is an ASX-listed resources company which is exploring for copper in the prolific copper producing regions of Cobar, NSW. The Company possesses a sizable ground position (~3,000 km[2] ) which is largely untested despite being located proximal to significant copper and gold producing operations.

  • Helix is the operator of the Helix-Legacy earn-in which is located 10 km west of the Cobar township. The area, which hosts several operating gold, copper and base metal mines, is prospective for Cobar-style copper-gold base metal deposits.

  • The Western Tenement has 30km of prospective strike and a pipeline of wholly owned copper opportunities, as well as the Canbelego JV Project.

  • A 5 km by 1.5 km historical gold field is being evaluated on the Muriel Tank tenement. The Eastern Tenement Group encompasses more than 100km of prospective strike.

  • The company has defined an extensive zone of new anomalies considered prospective for Tritton-style copper-gold deposits.

11

==> picture [18 x 51] intentionally omitted <==

Appendix A: Key Commercial Terms of Binding Agreements

Acquisition

Item Title Terms
1 Assets The Farm-In Agreement and associated Claims/leases located in the Gold
Basin /White Hills region of Arizona USA listed inTable 2andTable 3.
(theProject).
2 The Parties Vendors: Charles Straw of 1827 The Escort Way, Borenore NSW 2800
and
Calvin Heron of 1470 Shewmaker Ct. Reno NV 89509
United States of America
Purchaser: Helix Resources Limited (Helix)
(ABN 27 009 138 738) of Level 4, 225 St Georges Terrace, Perth, WA
6000.
3 Transaction Overview Acquisitionof 100% interest in White Hills Exploration LLC and Centric
Minerals Management USA Inc (Centric)
a.Centric Minerals Management USA Inc and White Hills
Exploration LLC (collectively Centric)) are the 100% registered
and beneficial holder ofthe White Hills Farm-in Agreement and
associated private minerals claims and leases detailed inTable 2and
Table 3). (collectively, theProject)
b. Settlementto take place in Perth on a mutually agreed date subject
to satisfaction or waiver of all Conditions Precedent and Conditions
.
4 Consideration Stage 1 –Acquisition of 100%
Helix to acquire 100% of White Hills Exploration LLC for the Consideration
made up of:
i.
Payment of A$100,000 including A$40,000 paid to date for
claims fee and A$60,000 on signing this Binding Letter
Agreement.
ii.
A$100,000 after Formal Agreements are signed pursuant to
clause 4c and a Capital raising by Helix of not less than A$1.0
million
Stage 2- Acquisition of 100% Centric Minerals Management USA Inc
iii.
Issue of Helix FPO shares to the value of A$1.3M to the
Vendors or their Nominee within 30 days of confirmation by
Newmont, of Helix completing the farm-In requirements of
the Newmont Agreement referenced in Schedule 3.
iv.
Helix shares are to be subject to voluntary escrow
arrangements, such that no more than 1/3 of the Helix
shares issued as per 4{iii} above may be sold by Centric (or its
nominee/s) in each three-month period following
Settlement; and
v.
subject to and conditional on the receipt of shareholder
approval by Helix.

12

==> picture [18 x 51] intentionally omitted <==

Item Title Terms
5 Undertakings
By Centric
a. From the date of this Agreement until the date of Settlement
(Settlement Date) or the date of termination of this Agreement
(whichever is earlier), Centric must (and, where relevant, will, as
applicable):
vi.
provide all reasonable assistance to Helix with any action
that Helix may take in the course of its due diligence
enquiries, as required, including the transfer of all technical
data in respect of the Project.
vii.
maintain the Project in full force and keep the Project Claims
and Gold Basin (Arizona) Inc in good standing.
viii.
not sell, transfer, assign or otherwise deal with its interest in
the Project (or part of the Project), without first obtaining
Helix’s’ written consent.
ix.
not agree to relinquish or surrender any part of the Project
or do any further act which may render any part of the
Project liable to forfeiture, cancellation, revocation,
termination or suspension;
x.
not create or allow any encumbrance over any part of the
Project without Helix’s prior written consent.
xi.
comply with the terms of any third-party agreements in
respect of the Project and not do or cause to be done
anything that may cause any breach of Centric’s or Centric’s
obligations under such third-party agreements (as
applicable); and
xii.
pass on to Helix any material notices or communications that
it receives about the Project (or any part of the Project) or its
rights under, or any parties’ compliance with, any third-party
agreements in respect of the Project from time to time.
b. On the Settlement Date, Centric must:
i.
Deliver all Centric exploration accounts, agreements and
technical data to Helix, as appropriate.
ii.
Procure that Charles Straw to remain a member of the Joint
Venture management committee for the first earn-in phase
to ensure continuity of technical knowledge, landowner and
traditional owner relationships.
iii.
retain (or procure that any nominee receiving Helix shares
retains) on an ongoing basis at least 10% of any Helix shares
issued on the Centric balance sheet unless the shares are
subject to an “in species” distribution issue to Centric
shareholders
iv.
The Parties acknowledge and agree that a complete set of
undertakings which are considered standard for a
transaction of this nature in connection with the Project will
be provided by Centric in the Formal Agreements.
8 Undertakings by Helix a. Helix must:
i.
on Settlement, on payment in Helix shares, procure Helix to
issue a cleansing statement in accordance with the s708A(5)
of the Corporations Act or in circumstances where Helix is
unable to lodge a ‘cleansing statement’, procure Helix to
lodge a ‘cleansing prospectus’ under section 708A(11) of the
Corporations Act.

13

==> picture [18 x 51] intentionally omitted <==

Item Title Terms
ii.
after Settlement, maintain tenements in good standing and
provide Centric with reports recording Western Australian
Mines Dept Form 5 expenditures every six months i.e. the
submission version and a half-yearly interim year to date
version.
b. If there is any relinquishment or divestment of any part of the
Project within 24 months of the Settlement Date, then Centric will
have a first right of refusal in accordance with the provisions to be
set out in the Formal Agreement.
c.
The Parties acknowledge and agree that a complete set of
undertakings which are considered standard for a transaction of this
nature in connection with the Project will be provided by Helix in the
Formal Agreements.
9 Representations &
Warranties
The Parties acknowledge and agree that the Formal Agreements will
include representations, warranties and indemnities on behalf of the
Parties considered customary for agreements of such nature, which shall
include, but not limited to, the following seller warranties to be given by
Centric (which may be varied as considered necessary by Helix following
progress of its due diligence investigations):
a. Proper authorisations
b. Sole, legal and beneficial ownership of the Project (including in
respect of licences and applications)
c.
Confirmation of no ‘pending’ actions or third-party claims
against Centric or the Project
d. Solvency of Centric
e. Full disclosure of all information that any prospective purchaser
would reasonably require to make a decision on acquiring the
Project.

Appendix B: Significant results in rock samples (reported >0.1 g/t Au).

Sample_No# UTM_E_WGS84 UTM_N_WGS84 ExplorCo ExplorYear Au ppm Ag_ppm Cu_% Fe %
46558E69463N 746479 3969661 NPMC 2003-2010 23.2 60.0 0.8 2.96
45285E69909N 745206 3970107 NPMC 2003-2010 18.3 1.4 0.0 12.7
45150E69911N 745071 3970109 NPMC 2003-2010 15.0 0.7 0.0 11.1
45283E69907NAS 745204 3970105 NPMC 2003-2010 14.6 0.0 0.0 8.84
45249E-69891N 745170 3970089 NPMC 2003-2010 14.4 1.5 0.1 5.51
45286E-69965N 745207 3970163 NPMC 2003-2010 10.0 18.7 4.4 3.61
46821E-70255N 746742 3970453 NPMC 2003-2010 9.2 1.3 1.0 7.8
45288E-69962N 745209 3970160 NPMC 2003-2010 8.9 4.3 1.8 3.4
45297E69926N 745218 3970124 NPMC 2003-2010 7.9 13.9 1.3 7.98
45289E69908N 745210 3970106 NPMC 2003-2010 7.9 0.0 0.0 8.07
46029E69864N 745950 3970062 NPMC 2003-2010 7.7 2.0 0.3 8.39
45287E69926N 745208 3970124 NPMC 2003-2010 6.5 1.2 2.9 8.88

14

==> picture [18 x 51] intentionally omitted <==

Sample_No# UTM_E_WGS84 UTM_N_WGS84 ExplorCo ExplorYear Au ppm Ag_ppm Cu_% Fe %
227293 745716.18 3970272.7 NPMC Pre-2003 6.2 0.4 0.0 0
45502E70018N-VCU 745423 3970216 NPMC 2003-2010 6.1 1.1 5.7 9.83
46037E69868N 745958 3970066 NPMC 2003-2010 6.0 1.5 2.0 9.66
45285E69938NA 745206 3970136 NPMC 2003-2010 5.8 0.0 2.3 5.56
45248E69888N 745169 3970086 NPMC 2003-2010 5.7 0.0 0.1 7.15
45284E69947NA 745205 3970145 NPMC 2003-2010 5.3 0.0 1.4 5.08
745470E-970042N 745391 3970240 NPMC 2003-2010 5.3 2.4 1.7 8.92
AB-11-3-7 745581 3970023 NPMC 2003-2010 5.0 1.0 0.0 7.37
5500-70020 745421 3970218 NPMC 2003-2010 4.3 1.6 4.8 7.65
AB-11-2-2 745521 3970218 NPMC 2003-2010 4.3 1.6 4.8 7.65
45247E69885N 745168 3970083 NPMC 2003-2010 4.1 0.0 0.0 4.04
45287E-69921N 745208 3970119 NPMC 2003-2010 3.8 9.5 1.1 5.92
45255E69909N 745176 3970107 NPMC 2003-2010 3.7 0.0 0.1 6.911
45212E-69858N 745133 3970056 NPMC 2003-2010 3.6 -0.3 0.0 4.28
45286E69926NA(36) 745207 3970124 NPMC 2003-2010 2.9 0.0 0.9 5.29
45247E69881N 745168 3970079 NPMC 2003-2010 2.8 0.0 0.0 5.8
46053E69906N 745974 3970104 NPMC 2003-2010 2.8 0.5 1.4 9.21
E45147E69913N 745067 3970112 NPMC 2003-2010 2.7 -0.3 0.0 11
AB-11-4-7 745636 3970080 NPMC 2003-2010 2.7 5.0 0.9 5.79
46556E-69468N 746477 3969666 NPMC 2003-2010 2.6 1.7 0.0 3.32
45248E69890N 745169 3970088 NPMC 2003-2010 2.5 0.0 0.0 4.88
45285E69953N 745206 3970151 NPMC 2003-2010 2.5 0.0 1.1 3.83
5500E-70023N B 745421 3970221 NPMC 2003-2010 2.4 1.1 3.8 8.48
45307E-69944N 745228 3970142 NPMC 2003-2010 2.3 3.4 0.1 3.2
45286E-69966N 745207 3970164 NPMC 2003-2010 2.3 5.5 1.1 3.16
45507E70010N 745428 3970208 NPMC 2003-2010 2.2 -0.3 0.0 3.28
45377E69755N 745298 3969953 NPMC 2003-2010 2.2 0.4 0.0 3.31
45328E-69933N 745249 3970131 NPMC 2003-2010 2.2 22.6 1.1 3.95
45473E69464N 745394 3969662 NPMC 2003-2010 1.9 -0.3 0.2 3.83
45147E69893N 745068 3970091 NPMC 2003-2010 1.9 0.9 0.0 7.13
46208E-68850N 746129 3969048 NPMC 2003-2010 1.8 0.7 0.0 9.71
745500E-970024N 745491 3970240 NPMC 2003-2010 1.8 0.6 3.0 6.66
45249E69878N 745170 3970076 NPMC 2003-2010 1.7 2.2 0.0 3.42
45147E69918N 745068 3970116 NPMC 2003-2010 1.7 0.0 0.1 7.54
45376E69757N 745298 3969956 NPMC 2003-2010 1.5 0.8 0.0 4.44
45505E70013N 745426 3970211 NPMC 2003-2010 1.5 -0.3 0.0 3.18
45380E69835N 745301 3970033 NPMC 2003-2010 1.5 0.0 0.3 6.931
45286E69921N 745207 3970119 NPMC 2003-2010 1.4 0.5 2.7 5.49
5517E10024N 745438 3970222 NPMC 2003-2010 1.4 0.4 1.5 4.53
45146E69912N 745067 3970110 NPMC 2003-2010 1.4 0.0 0.0 5.48
45871E69745N 745792 3969943 NPMC 2003-2010 1.3 0.6 1.8 4.4
46557E69472N 746478 3969670 NPMC 2003-2010 1.2 12.4 0.0 2.64
45293E-69953N 745214 3970151 NPMC 2003-2010 1.2 20.3 2.8 5.44
45286E69908N 745207 3970106 NPMC 2003-2010 1.2 0.0 0.0 4.64
45285E69911N 745206 3970109 NPMC 2003-2010 1.2 0.0 0.0 6.12
45271E69907NA 745192 3970105 NPMC 2003-2010 1.1 0.0 0.0 4.331

15

==> picture [18 x 51] intentionally omitted <==

Sample_No# UTM_E_WGS84 UTM_N_WGS84 ExplorCo ExplorYear Au ppm Ag_ppm Cu_% Fe %
45147E69928N44M 745068 3970126 NPMC 2003-2010 1.1 0.0 0.0 3.69
45244E69876N 745165 3970074 NPMC 2003-2010 1.1 0.0 0.0 3.66
45285E69917NA 745206 3970115 NPMC 2003-2010 1.0 0.0 0.0 5.19
45245E69938N 745166 3970136 NPMC 2003-2010 1.0 0.0 0.0 4.64
45146E69941N 745067 3970139 NPMC 2003-2010 0.9 0.7 0.0 4.74
45146E69892N 745067 3970090 NPMC 2003-2010 0.9 0.0 0.0 4.86
45471E69384N 745392 3969582 NPMC 2003-2010 0.9 -0.3 0.0 3.84
45285E69955N 745206 3970153 NPMC 2003-2010 0.9 0.0 0.7 3.57
45280E69907N 745201 3970105 NPMC 2003-2010 0.9 0.0 0.0 4.111
45284E69932N 745205 3970130 NPMC 2003-2010 0.8 0.0 0.2 4.35
45145E69891N 745066 3970089 NPMC 2003-2010 0.8 0.0 0.0 4.48
46418E-69820N 746339 3970018 NPMC 2003-2010 0.8 0.5 1.8 2.74
45247E69991N 745168 3970189 NPMC 2003-2010 0.8 0.0 0.0 2.5
45247E69973N-B 745168 3970171 NPMC 2003-2010 0.8 0.0 0.0 2.3
T5 45504E-70010N 745425 3970208 NPMC 2003-2010 0.8 0.0 0.0 1.24
45289E-69961N 745210 3970159 NPMC 2003-2010 0.8 -0.3 0.0 3.84
T5 45498E-70019N 745419 3970217 NPMC 2003-2010 0.7 0.0 0.1 2.14
45853E69827N 745774 3970025 NPMC 2003-2010 0.7 -0.3 0.1 3.62
5712E-9883N 745633 3970081 NPMC 2003-2010 0.7 0.4 0.2 6.511
45148E69939N 745069 3970137 NPMC 2003-2010 0.7 0.0 0.1 3.16
45289E69908NA 745210 3970106 NPMC 2003-2010 0.7 0.0 0.0 4.78
5401E9942N 745322 3970140 NPMC 2003-2010 0.7 0.8 0.0 3.91
45323E-69941N 745244 3970139 NPMC 2003-2010 0.7 0.4 0.1 3.28
45285E69935N 745206 3970133 NPMC 2003-2010 0.7 0.0 0.1 4.09
45285E69972N 745206 3970170 NPMC 2003-2010 0.7 0.0 0.1 3.01
45146E69895N 745067 3970093 NPMC 2003-2010 0.7 0.0 0.0 3.57
45246E69926N 745167 3970124 NPMC 2003-2010 0.7 0.0 0.0 2.04
45248E69948N 745169 3970146 NPMC 2003-2010 0.7 0.0 4.1 7.73
45147E69913N 745068 3970111 NPMC 2003-2010 0.7 0.0 0.0 8.39
227294 745588.55 3970140.15 NPMC Pre-2003 0.7 0.1 0.0 0
AB-11-2-4 745456 3970311 NPMC 2003-2010 0.6 0.3 0.0 4.271
45247E69917NA 745168 3970115 NPMC 2003-2010 0.6 0.0 0.0 3.24
45147E69942N 745068 3970140 NPMC 2003-2010 0.6 0.0 0.1 3.01
AB-11-3-3A 745646 3970073 NPMC 2003-2010 0.6 1.6 1.1 5.6
46727E70220N 746648 3970418 NPMC 2003-2010 0.6 -0.3 0.0 4.19
45145E69934N 745066 3970132 NPMC 2003-2010 0.6 0.0 0.3 3.66
5787E-9924N 745708 3970122 NPMC 2003-2010 0.6 0.4 0.4 3.62
45274E69908N 745195 3970106 NPMC 2003-2010 0.6 0.0 0.0 3.83
45148E69920N 745069 3970118 NPMC 2003-2010 0.6 0.0 0.0 4.2
45258E-69899N 745179 3970097 NPMC 2003-2010 0.6 -0.3 0.0 3.46
45249E69876N 745170 3970074 NPMC 2003-2010 0.6 1.5 0.0 2.23
AB-9-13-1 746338 3970016 NPMC 2003-2010 0.6 1.9 0.1 3.29
45258E69909N 745179 3970107 NPMC 2003-2010 0.6 0.0 0.0 4.48
45145E69908N 745066 3970106 NPMC 2003-2010 0.6 0.0 0.0 3.46
45285E69964N 745206 3970162 NPMC 2003-2010 0.6 0.0 0.0 3.59
5874E-9747N 745795 3969945 NPMC 2003-2010 0.6 0.5 0.8 2.88

16

==> picture [18 x 51] intentionally omitted <==

Sample_No# UTM_E_WGS84 UTM_N_WGS84 ExplorCo ExplorYear Au ppm Ag_ppm Cu_% Fe %
45284E69950NA 745205 3970148 NPMC 2003-2010 0.5 0.0 0.5 7.21
45247E69805N-A 745168 3970003 NPMC 2003-2010 0.5 0.4 1.2 3.86
45284E69947N 745205 3970145 NPMC 2003-2010 0.5 0.0 0.2 4
45247E69874N 745168 3970072 NPMC 2003-2010 0.5 0.0 0.1 3.43
45284E69914N 745205 3970112 NPMC 2003-2010 0.5 0.0 0.0 4.3
T6 45378E-69808N 745299 3970006 NPMC 2003-2010 0.5 0.5 0.0 1.41
45248E69872N 745169 3970070 NPMC 2003-2010 0.5 0.4 0.1 3.13
45301E69988N 745222 3970186 NPMC 2003-2010 0.5 0.9 1.8 8.24
45286E69923N 745207 3970121 NPMC 2003-2010 0.5 0.0 0.1 3.49
45246E69952N 745167 3970150 NPMC 2003-2010 0.5 0.0 0.0 2.141
T5 45500E-70017N 745421 3970215 NPMC 2003-2010 0.5 0.0 0.1 1.44
45276E-69922N 745197 3970120 NPMC 2003-2010 0.5 0.4 0.5 3.881
45285E69958N 745206 3970156 NPMC 2003-2010 0.5 0.0 0.1 3.96
T5 45508E-70004N 745429 3970202 NPMC 2003-2010 0.5 0.0 0.0 1.35
5151E-9895N 745072 3970093 NPMC 2003-2010 0.5 0.7 0.0 3.66
45841E-69963N 745762 3970161 NPMC 2003-2010 0.5 0.8 0.0 12.1
T6 45376E-69752N 745297 3969950 NPMC 2003-2010 0.5 0.0 0.0 1.73
45245E69956N 745166 3970154 NPMC 2003-2010 0.5 0.0 0.1 2.55
45246E69914N 745167 3970112 NPMC 2003-2010 0.5 0.0 0.0 3.93
45149E69915NA 745070 3970113 NPMC 2003-2010 0.5 0.0 0.1 5.07
45147E69920N 745067 3970119 NPMC 2003-2010 0.5 0.4 0.0 4.21
45286E69967N 745207 3970165 NPMC 2003-2010 0.5 0.0 0.0 3.58
5515E9950N 745436 3970148 NPMC 2003-2010 0.4 -0.3 0.1 2.37
45292E69908N 745213 3970106 NPMC 2003-2010 0.4 0.0 0.0 3.92
45249E69913N 745170 3970111 NPMC 2003-2010 0.4 0.7 0.0 4.75
45247E69959N 745168 3970157 NPMC 2003-2010 0.4 0.0 0.0 2.49
45284E69929N 745205 3970127 NPMC 2003-2010 0.4 0.0 0.1 4.15
5468E-70041N 745389 3970239 NPMC 2003-2010 0.4 -0.3 0.2 7.98
5546E10039N 745467 3970237 NPMC 2003-2010 0.4 0.3 0.1 2.14
45147E69922N 745068 3970120 NPMC 2003-2010 0.4 0.0 0.0 3.92
45498E70023N-BTM 745419 3970221 NPMC 2003-2010 0.4 -0.3 0.0 4.2
45150E69883N 745071 3970081 NPMC 2003-2010 0.4 0.0 0.0 3.52
45147E69925NA40.4M 745068 3970123 NPMC 2003-2010 0.4 0.0 0.0 4.24
5701E-9849N 745622 3970047 NPMC 2003-2010 0.4 -0.3 0.0 5.72
45284E69981N 745205 3970179 NPMC 2003-2010 0.4 0.0 0.0 4.5
45308E69906N 745229 3970104 NPMC 2003-2010 0.4 0.0 0.0 3.65
45503E70015N 745424 3970213 NPMC 2003-2010 0.4 -0.3 0.0 3.23
AB-11-3-2 745463 3970202 NPMC 2003-2010 0.4 0.2 0.2 4.41
T6 45379E-69835N 745300 3970033 NPMC 2003-2010 0.4 0.0 0.0 2.8
45286E69961N 745207 3970159 NPMC 2003-2010 0.4 0.0 0.1 4.13
45631E70225N 745552 3970423 NPMC 2003-2010 0.4 -0.3 0.0 2.65
45284E69941N 745205 3970139 NPMC 2003-2010 0.4 0.0 0.1 3.17
45247E69903N 745168 3970101 NPMC 2003-2010 0.4 0.0 0.0 4.27
45277E69907N 745198 3970105 NPMC 2003-2010 0.4 0.0 0.0 4.58
45897E69767N 745818 3969965 NPMC 2003-2010 0.3 0.7 0.3 4.111
45146E69936N 745067 3970134 NPMC 2003-2010 0.3 0.0 0.0 3.32

17

==> picture [18 x 51] intentionally omitted <==

Sample_No# UTM_E_WGS84 UTM_N_WGS84 ExplorCo ExplorYear Au ppm Ag_ppm Cu_% Fe %
45131E69986N 745052 3970184 NPMC 2003-2010 0.3 -0.3 0.1 2.63
45882E69748N 745803 3969946 NPMC 2003-2010 0.3 10.8 1.1 4.76
45249E69917N 745170 3970115 NPMC 2003-2010 0.3 -0.3 0.0 2.88
T5 45500E-70016N 745421 3970214 NPMC 2003-2010 0.3 0.0 0.0 1.3
45147E69890N 745068 3970088 NPMC 2003-2010 0.3 0.0 0.0 3.84
45868E69745N 745789 3969943 NPMC 2003-2010 0.3 0.4 0.3 3.68
45285E-69970N 745206 3970168 NPMC 2003-2010 0.3 -0.3 0.0 3.51
45243E69908N 745164 3970106 NPMC 2003-2010 0.3 0.0 0.0 2.91
T14 45312E-70040N 745233 3970238 NPMC 2003-2010 0.3 0.0 0.0 1.83
45248E69972N 745169 3970170 NPMC 2003-2010 0.3 0.0 0.0 3.3
T6 45376E-69750N 745297 3969948 NPMC 2003-2010 0.3 0.0 0.0 1.85
T5 45506E-70007N 745427 3970205 NPMC 2003-2010 0.3 0.0 0.0 1.16
45246E69962N 745167 3970160 NPMC 2003-2010 0.3 0.0 0.0 1.511
45149E69886N 745070 3970084 NPMC 2003-2010 0.3 0.0 0.0 2.88
45246E69955N 745167 3970153 NPMC 2003-2010 0.3 -0.3 0.0 3.681
45252E69909N 745173 3970107 NPMC 2003-2010 0.3 0.0 0.0 3.64
45570E-69951N 745491 3970149 NPMC 2003-2010 0.3 0.8 0.8 5.43
45285E69959N 745206 3970157 NPMC 2003-2010 0.3 0.0 0.0 3.33
AB-11-2-5 745439 3970190 NPMC 2003-2010 0.3 0.3 1.6 6.43
5318E-9972N 745239 3970170 NPMC 2003-2010 0.3 0.6 0.1 5.26
T6 45377E-69832N 745298 3970030 NPMC 2003-2010 0.3 0.0 0.0 2.08
T6 45379E-69818N 745300 3970016 NPMC 2003-2010 0.3 0.0 0.0 1.49
45244E69893N 745165 3970091 NPMC 2003-2010 0.3 0.0 0.0 3.45
45246E69923N 745167 3970121 NPMC 2003-2010 0.3 1.1 0.0 4.7
45295E69909N 745216 3970107 NPMC 2003-2010 0.3 0.0 0.0 4.271
AB-10- 20 - 2 745640 3970131 NPMC 2003-2010 0.3 0.4 0.1 3.66
45248E69977N 745169 3970175 NPMC 2003-2010 0.3 0.0 0.0 2.1
45246E69965N 745167 3970163 NPMC 2003-2010 0.3 0.0 0.0 2.31
45246E69968N 745167 3970166 NPMC 2003-2010 0.2 0.0 0.0 2.2
5396E-9947N 745317 3970145 NPMC 2003-2010 0.2 -0.3 0.0 4.96
45377E69852N 745298 3970050 NPMC 2003-2010 0.2 -0.3 0.0 3.32
T6 45376E-69757N 745297 3969955 NPMC 2003-2010 0.2 0.0 0.0 1.91
T5 45510E-70000N 745431 3970198 NPMC 2003-2010 0.2 0.0 0.1 1.47
45145E69808N 745066 3970006 NPMC 2003-2010 0.2 0.0 0.0 3.79
45592E70092N 745513 3970290 NPMC 2003-2010 0.2 -0.3 0.0 1.96
45248E69905N 745169 3970103 NPMC 2003-2010 0.2 0.0 0.0 3.35
6267E9750N 746188 3969948 NPMC 2003-2010 0.2 0.4 0.0 2.73
47103E-70390N 747024 3970588 NPMC 2003-2010 0.2 0.3 0.1 7.25
T14 45317E-70040N 745238 3970238 NPMC 2003-2010 0.2 0.0 0.0 1.8
T6 45378E-69811N 745299 3970009 NPMC 2003-2010 0.2 0.3 0.0 1.84
45502E70016N-BTM 745423 3970214 NPMC 2003-2010 0.2 -0.3 0.0 3.32
45147E69920N 745068 3970118 NPMC 2003-2010 0.2 0.0 0.0 3.66
45735E-69882N 745656 3970080 NPMC 2003-2010 0.2 1.9 0.0 1.47
45751E-69907N 745672 3970105 NPMC 2003-2010 0.2 -0.3 0.2 1.97
45248E69883N 745169 3970081 NPMC 2003-2010 0.2 0.0 0.0 2.73
45284E69944N 745205 3970142 NPMC 2003-2010 0.2 0.0 0.0 4.67

18

==> picture [18 x 51] intentionally omitted <==

Sample_No# UTM_E_WGS84 UTM_N_WGS84 ExplorCo ExplorYear Au ppm Ag_ppm Cu_% Fe %
45246E69919N 745167 3970117 NPMC 2003-2010 0.2 0.0 0.0 3.75
T6 45376E-69846N 745297 3970044 NPMC 2003-2010 0.2 0.0 0.0 1.49
T6 45380E-69814N 745301 3970012 NPMC 2003-2010 0.2 0.4 0.1 1.78
45516E69997N 745437 3970195 NPMC 2003-2010 0.2 -0.3 0.0 2.47
45285E69935N 745206 3970133 NPMC 2003-2010 0.2 0.0 0.4 3.27
45510E70005N 745431 3970203 NPMC 2003-2010 0.2 -0.3 0.0 2.37
45311E69907N 745232 3970105 NPMC 2003-2010 0.2 0.0 0.0 3.94
45286E69920N 745207 3970118 NPMC 2003-2010 0.2 0.0 0.1 4.65
5542E-70006N 745463 3970204 NPMC 2003-2010 0.2 0.4 0.3 7.08
45478E69441N 745399 3969639 NPMC 2003-2010 0.2 -0.3 0.0 3.98
5775E-9922N 745696 3970120 NPMC 2003-2010 0.2 -0.3 0.1 5.12
45149E69945N 745070 3970143 NPMC 2003-2010 0.2 0.0 0.0 4.031
45248E69879N 745169 3970077 NPMC 2003-2010 0.2 0.4 0.0 1.64
45323E69908N 745244 3970106 NPMC 2003-2010 0.2 0.0 0.0 3.33
45246E69971N 745167 3970169 NPMC 2003-2010 0.2 0.0 0.0 2.7
46197E 68837N 746118 3969035 NPMC 2003-2010 0.2 0.2 0.0 3.03
46195E68602N 746116 3968800 NPMC 2003-2010 0.2 0.4 0.0 2.82
T14 45310E-70035N 745231 3970233 NPMC 2003-2010 0.2 0.0 0.0 1.62
45248E69980N 745169 3970178 NPMC 2003-2010 0.2 0.0 0.0 3.12
45246E69948N 745167 3970146 NPMC 2003-2010 0.2 0.0 0.0 1.981
45264E69908N 745185 3970106 NPMC 2003-2010 0.2 0.0 0.0 3.45
46450E69903N 746371 3970101 NPMC 2003-2010 0.2 -0.3 0.0 14.4
45248E69986N 745169 3970184 NPMC 2003-2010 0.2 0.0 0.0 1.95
5802E-9924N 745723 3970122 NPMC 2003-2010 0.2 -0.3 0.0 2.75
45377E69825N 745298 3970023 NPMC 2003-2010 0.1 -0.3 0.0 3.21
6075E9789N 745996 3969987 NPMC 2003-2010 0.1 0.5 0.0 4.77
5860E-9741N 745781 3969939 NPMC 2003-2010 0.1 -0.3 0.0 4.23
45285E-69938N 745206 3970136 NPMC 2003-2010 0.1 0.4 0.2 3.161
45154E69899N 745075 3970097 NPMC 2003-2010 0.1 -0.3 0.0 3.36
45248E69909N 745169 3970107 NPMC 2003-2010 0.1 0.0 0.0 2.46
T6 45378E-69830N 745299 3970028 NPMC 2003-2010 0.1 0.6 0.0 1.94
T6 45376E-69838N 745297 3970036 NPMC 2003-2010 0.1 0.0 0.0 1.63
5535E-70002N 745456 3970200 NPMC 2003-2010 0.1 -0.3 0.1 6.13
45246E69980N 745167 3970178 NPMC 2003-2010 0.1 0.0 0.0 1.6
T5 45497E-70021N 745418 3970219 NPMC 2003-2010 0.1 0.0 0.0 2.14
5458-69657 745379 3969855 NPMC 2003-2010 0.1 0.2 0.2 3.08
AB-11-2-3 745479 3969855 NPMC 2003-2010 0.1 0.2 0.2 3.08
T25 45248E-69805N 745169 3970003 NPMC 2003-2010 0.1 0.0 0.2 2.01
45376E69836N 745297 3970034 NPMC 2003-2010 0.1 -0.3 0.0 3.05
45317E-69906N 745238 3970104 NPMC 2003-2010 0.1 -0.3 0.0 4.09
45145E69901N 745066 3970099 NPMC 2003-2010 0.1 0.0 0.0 3.57
45248E69992N 745169 3970190 NPMC 2003-2010 0.1 0.0 0.0 3.36
46215E-68845N 746136 3969043 NPMC 2003-2010 0.1 -0.3 0.0 4.6
45248E69885N 745169 3970083 NPMC 2003-2010 0.1 0.3 0.1 3.4
T14 45311E-70037N 745232 3970235 NPMC 2003-2010 0.1 0.3 0.0 1.6
45267E69907N 745188 3970105 NPMC 2003-2010 0.1 0.0 0.0 3.51

19

==> picture [18 x 51] intentionally omitted <==

Sample_No# UTM_E_WGS84 UTM_N_WGS84 ExplorCo ExplorYear Au ppm Ag_ppm Cu_% Fe %
45244E69905N 745165 3970103 NPMC 2003-2010 0.1 0.0 0.0 3.11
45509E70006N 745430 3970204 NPMC 2003-2010 0.1 -0.3 0.0 3.52
45511E70003N-BTM 745432 3970201 NPMC 2003-2010 0.1 -0.3 0.0 3.07
45538E-69949N 745459 3970147 NPMC 2003-2010 0.1 -0.3 0.1 4.73
45246E69922N 745167 3970120 NPMC 2003-2010 0.1 0.0 0.0 2.08
5032E9688N 744953 3969886 NPMC 2003-2010 0.1 -0.3 0.0 2.95
T25 45250E-69810N 745171 3970008 NPMC 2003-2010 0.1 0.0 0.0 1.59
45246E69807N 745167 3970005 NPMC 2003-2010 0.1 -0.3 0.0 2.88
45500E70021N 745421 3970219 NPMC 2003-2010 0.1 -0.3 0.0 3.86
5537E-70019N 745458 3970217 NPMC 2003-2010 0.1 -0.3 0.1 2.51
45147E69907N 745068 3970105 NPMC 2003-2010 0.1 0.0 0.0 2.731
45299E69908N 745220 3970106 NPMC 2003-2010 0.1 0.0 0.0 3.62
45261E69909N 745182 3970107 NPMC 2003-2010 0.1 -0.3 0.0 3.35
6051E9879N 745972 3970077 NPMC 2003-2010 0.1 0.4 0.0 6.8
45280E-9894N 745201 3970092 NPMC 2003-2010 0.1 0.5 0.0 4.04
45015E69809N 744936 3970007 NPMC 2003-2010 0.1 -0.3 0.0 3.5
5536E10116N 745457 3970314 NPMC 2003-2010 0.1 0.3 0.0 2.17
45268E69907N 745189 3970105 NPMC 2003-2010 0.1 0.0 0.0 3.89
46196E68797N 746117 3968995 NPMC 2003-2010 0.1 0.6 0.1 7.54
45261E69908N 745182 3970106 NPMC 2003-2010 0.1 0.0 0.0 3.72
45247E69989N 745168 3970187 NPMC 2003-2010 0.1 0.0 0.0 2.24
T6 45377E-69844N 745298 3970042 NPMC 2003-2010 0.1 0.4 0.0 1.71
45146E69940N 745067 3970138 NPMC 2003-2010 0.1 0.7 0.0 5.57
45952E69786N 745873 3969984 NPMC 2003-2010 0.1 0.3 0.3 5.9
45074E69813N 744995 3970011 NPMC 2003-2010 0.1 -0.3 0.0 4.98
45145E69807N 745066 3970005 NPMC 2003-2010 0.1 0.0 0.0 3.5
5391E-9921N 745312 3970119 NPMC 2003-2010 0.1 0.6 0.0 6.03
45148E69699N 745069 3969897 NPMC 2003-2010 0.1 -0.3 0.0 2.83
46584E-69511N 746505 3969709 NPMC 2003-2010 0.1 -0.3 0.1 5.85
45147E69895N13M 745068 3970093 NPMC 2003-2010 0.1 0.0 0.0 2.95
45246E69945N 745167 3970143 NPMC 2003-2010 0.1 0.0 0.0 2.161
T3 45286E-69975N 745207 3970173 NPMC 2003-2010 0.1 0.0 0.0 1.96
45521E69989N-E 745442 3970187 NPMC 2003-2010 0.1 -0.3 0.0 2.421
45248E69920N 745169 3970118 NPMC 2003-2010 0.1 6.8 0.0 3.36
46046E69924N 745967 3970122 NPMC 2003-2010 0.1 -0.3 0.0 3.72
AB-11-3-8 745521 3970002 NPMC 2003-2010 0.1 0.2 0.0 4.21
45320E69907N 745241 3970105 NPMC 2003-2010 0.1 0.0 0.0 3.75
45239E-69851N 745160 3970049 NPMC 2003-2010 0.1 -0.3 0.0 3.62
45246E69933N 745167 3970131 NPMC 2003-2010 0.1 0.0 0.1 2.28
45248E69896N 745169 3970094 NPMC 2003-2010 0.1 -0.3 0.0 2.84
45520E69991N-BTM 745441 3970189 NPMC 2003-2010 0.1 -0.3 0.0 2.46
45247E69945N-72.4N 745168 3970143 NPMC 2003-2010 0.1 0.0 0.0 2.18
45751E-69862N 745672 3970060 NPMC 2003-2010 0.1 -0.3 0.0 1.15
T5 45501E-70013N 745422 3970211 NPMC 2003-2010 0.1 0.0 0.0 1.74
T6 45379E-69805N 745300 3970003 NPMC 2003-2010 0.1 0.4 0.0 1.41
45518E69989N 745439 3970187 NPMC 2003-2010 0.1 -0.3 0.0 3.93

20

==> picture [18 x 51] intentionally omitted <==

Sample_No# UTM_E_WGS84 UTM_N_WGS84 ExplorCo ExplorYear Au ppm Ag_ppm Cu_% Fe %
45673E70101N 745594 3970299 NPMC 2003-2010 0.1 -0.3 0.0 4.82
T5 45512E-69996N 745433 3970194 NPMC 2003-2010 0.1 0.0 0.1 1.31
5524E10118N 745445 3970316 NPMC 2003-2010 0.1 0.3 0.0 3.25
46231E67474N 746152 3967672 NPMC 2003-2010 0.1 -0.3 0.0 2.21
45152E-69888N 745073 3970086 NPMC 2003-2010 0.1 -0.3 0.0 1.36
45146E69904N 745067 3970102 NPMC 2003-2010 0.1 0.0 0.0 3.42
46216E68399N 746137 3968597 NPMC 2003-2010 0.1 0.4 0.0 2.6
45378E69831N 745299 3970029 NPMC 2003-2010 0.1 -0.3 0.0 3.27
5546E10005N 745467 3970203 NPMC 2003-2010 0.1 0.4 0.1 2.78
45160E-69880N 745081 3970078 NPMC 2003-2010 0.1 -0.3 0.0 1.39
45745E-69973N 745666 3970171 NPMC 2003-2010 0.1 -0.3 0.0 1.92
5471E-70039N 745392 3970237 NPMC 2003-2010 0.1 -0.3 0.0 7.35
46491E70021N 746412 3970219 NPMC 2003-2010 0.1 -0.3 0.0 4.22
45149E69919N 745070 3970117 NPMC 2003-2010 0.1 0.0 0.0 4.58
45246E69951N 745167 3970149 NPMC 2003-2010 0.1 0.4 0.0 3.92
45376E69839N 745297 3970037 NPMC 2003-2010 0.1 -0.3 0.0 2.96
46832E70212N 746753 3970410 NPMC 2003-2010 0.1 1.6 1.2 3.82
45375E69780N 745296 3969978 NPMC 2003-2010 0.1 -0.3 0.0 2.75
AB-9-14-3 745616 3970226 NPMC 2003-2010 0.1 0.0 0.0 3.02
AB-9-14-1 745707 3970258 NPMC 2003-2010 0.1 0.0 0.0 3.22
46024E69930N 745945 3970128 NPMC 2003-2010 0.1 -0.3 0.0 4.26
45950E69846N 745871 3970044 NPMC 2003-2010 0.1 -0.3 0.0 6.05
45827E69859N 745748 3970057 NPMC 2003-2010 0.1 -0.3 0.0 5.9
45246E69947N 745167 3970145 NPMC 2003-2010 0.1 0.3 0.0 3.93
AB-11-3-1 745456 3970314 NPMC 2003-2010 0.1 0.1 0.0 3.03
AB-11-4-1 745837 3970058 NPMC 2003-2010 0.1 0.1 0.1 6.97
5549E-9751N 745470 3969949 NPMC 2003-2010 0.1 -0.3 0.0 2.88
45248E69813N 745169 3970011 NPMC 2003-2010 0.1 -0.3 0.0 5.21
45522E69987N 745443 3970185 NPMC 2003-2010 0.1 -0.3 0.0 2.671
45829E-69946N 745750 3970144 NPMC 2003-2010 0.1 0.5 0.0 4.43
47029E72745N 746950 3972943 NPMC 2003-2010 0.1 4.3 0.0 3.15
5810E9975N 745731 3970173 NPMC 2003-2010 0.1 -0.3 0.0 2.18
45958E69795N 745879 3969993 NPMC 2003-2010 0.1 0.5 0.1 11.2
45248E69898N 745169 3970096 NPMC 2003-2010 0.1 0.0 0.0 3.01
45327E-70033N 745248 3970231 NPMC 2003-2010 0.1 -0.3 0.0 3.36
45249E69908N 745170 3970106 NPMC 2003-2010 0.1 0.0 0.0 2.65
45129E-69884N 745050 3970082 NPMC 2003-2010 0.1 0.6 0.0 5.54
45248E69983N 745169 3970181 NPMC 2003-2010 0.1 0.0 0.0 2.17
5802E-9837N 745723 3970035 NPMC 2003-2010 0.1 -0.3 0.0 2.4
46325E-67676N 746246 3967874 NPMC 2003-2010 0.1 0.3 0.0 4.25
45244E69934N 745165 3970132 NPMC 2003-2010 0.1 0.0 0.0 2.55
45317E69907N 745238 3970105 NPMC 2003-2010 0.1 0.0 0.0 3.13
45246E69929N 745167 3970127 NPMC 2003-2010 0.1 0.0 0.0 2.41
45302E69908N 745223 3970106 NPMC 2003-2010 0.1 0.0 0.0 4.001
T6 45377E-69823N 745298 3970021 NPMC 2003-2010 0.1 0.5 0.0 2.05
46297E69996N 746218 3970194 NPMC 2003-2010 0.1 -0.3 0.0 3.62

21

==> picture [18 x 51] intentionally omitted <==

Sample_No# UTM_E_WGS84 UTM_N_WGS84 ExplorCo ExplorYear Au ppm Ag_ppm Cu_% Fe %
5377E-69878N 745298 3970076 NPMC 2003-2010 0.1 -0.3 0.0 3.36
45145E-69806N 745066 3970004 NPMC 2003-2010 0.1 -0.3 0.0 3.44
45121E69787N 745042 3969985 NPMC 2003-2010 0.1 -0.3 0.0 3.28
45248E69895N 745169 3970093 NPMC 2003-2010 0.1 0.0 0.0 3.04
45828E-69964N 745749 3970162 NPMC 2003-2010 0.1 0.5 0.1 4.29
45305E69907N 745226 3970105 NPMC 2003-2010 0.1 0.0 0.0 3.33
45247E69901N 745168 3970099 NPMC 2003-2010 0.1 -0.3 0.0 2.71
45653E-70333NEXTRA 745574 3970531 NPMC 2003-2010 0.1 0.3 0.0 3.39
45464E70166N 745385 3970364 NPMC 2003-2010 0.1 -0.3 0.0 7.1
45273E69327N 745194 3969525 NPMC 2003-2010 0.1 0.6 0.0 5.66
45247E69939N 745168 3970137 NPMC 2003-2010 0.1 -0.3 0.0 4.18
45149E69947N 745070 3970145 NPMC 2003-2010 0.1 0.0 0.0 5.45
45152E69910N 745073 3970108 NPMC 2003-2010 0.1 -0.3 0.0 3.02

22

==> picture [18 x 51] intentionally omitted <==

ATTACHMENT 1: JORC Code Table 1

White Hills Project

Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling
techniques

Nature and quality of sampling (e.g. cut channels, random
chips, or specific specialised industry standard measurement
tools appropriate to the minerals under investigation, such
as down hole gamma sounds, or handheld XRF instruments,
etc.). These examples should not be taken as limiting the
broad meaning of sampling.

Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used.

Aspects of the determination of mineralisation that are
Material to the Public Report.

In cases where ‘industry standard’ work has been done this
would be relatively simple (e.g. ‘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 (e.g. submarine
nodules) may warrant disclosure of detailed information.

Helix has not undertaken any sampling.

Results of work undertaken by previous explorers includes:
2022 Soil Samples

462 soil samples undertaken on a 100 m grid spacing.

Sampling protocols: The top few centimetres of organic and soil/sand/lag
material were discarded, and a small pit was dug using a shovel to 15cm to
20cm deep. The remaining material was sampled into numbered plastic bags.
Samples were sieved to -2mm. No information was provided in the
unpublished sub-contractor reports regarding sample weights.

QAQC procedures:
2004 Soil Samples

3225 soil samples undertaken on various grid spacings.

No information is available on sample and QAQC procedures,
Rock Samples:

633 rock samples

No information is available on sample and QAQC procedures,

Individual samples are likely selective. Some samples were collected from
trenches but it has not been confirmed if sampling was selective or from
continuous channels.
Drilling

No information is available on sample and QAQC procedures

23

==> picture [18 x 51] intentionally omitted <==

Criteria JORC Code explanation Commentary
Drilling
techniques

Drill type (e.g. core, reverse circulation, open- hole hammer,
rotary air blast, auger, Bangka, sonic, etc.) and details (e.g.
core diameter, triple or standard tube, depth of diamond tails,
face-sampling bit or other type, whether core is oriented and if
so, by what method, etc.).
• Helix has not undertaken any drilling.
• 10 diamond drillholes have been drilled.
Drill sample
recovery

Method of recording and assessing core and chip sample
recoveries and results assessed.

Measures taken to maximise sample recovery and ensure
representative nature of the samples.

Whether a relationship exists between sample recovery and
grade and whether sample bias may have occurred due to
preferential loss/gain of fine/coarse material.
• Helix has not undertaken any drilling.
• Details of historical drill core recovery are not available.
• Historical Sample bias is not known.
Logging
Whether core and chip samples have been geologically and
geotechnically logged to a
level of detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical studies.

Whether logging is qualitative or quantitative in nature. Core
(or costean, channel, etc.) photography.

The total length and percentage of the relevant intersections
logged.
• Helix has not undertaken any drilling.
• Geological logs are available for the entirety of the drillholes. Due to the
absence of sample QAQC these drillholes would not be utilised in resource
estimation.
• No core photography is available

24

==> picture [18 x 51] intentionally omitted <==

Criteria JORC Code explanation Commentary
Sub- sampling
techniques
and sample
preparation


If core, whether cut or sawn and whether quarter, half or all
core taken.

If non-core, whether riffled, tube sampled, rotary split, etc.
and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness
of the sample preparation technique.

Quality control procedures adopted for all sub-sampling
stages tomaximise representivity of samples.

Measures taken to ensure that the sampling is representative
of the in-situ material collected including
for instance
results forfield, duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the
material being sampled.
• Helix has not undertaken any drilling.
• Details of historical drill core sampling technique are not available.
• QAQC procedures are not known for historical 2004 soils, rocks or drill
sampling programs.
• QAQC comprising duplicates, blanks was undertaken for the 2022 Centric
program and included 1 in 50 frequency.
• Drill sample intervals are known however representivity is not known.
Quality of
assay data
and
laboratory
tests

The nature, quality and appropriateness of the assaying and
laboratory procedures used and whether the technique is
considered partial or total.

For geophysical tools, spectrometers, handheld XRF
instruments, etc., the parameters used in determining the
analysisincluding instrument make and model, readingtimes,
calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards,
blanks, duplicates, external laboratory checks) and whether
acceptable levels of accuracy (i.e. lack of bias) and precision
have been established.
• Helix has not undertaken any drilling.
• Details of historical drill core sampling technique are not available.
• QAQC procedures are not known.
2022 Soil Samples

Analytical Laboratory and elements:

ALS Chemex Laboratory in Reno. The laboratory techniques were partial
extraction as per below:

Aqua regia digest for Au and multielements with an ICP-MS and ICP-OES finish
for a 50 element suite.

Quality control samples, including blanks, duplicates and standards are not
available.
2004 Soil Samples

American Assay Laboratories (AAL) was used for sample analysis:

The laboratory techniques were partial extraction as per below:

Aqua regia digest for Au and multi elements with an ICP-MS and ICP-OES finish
for a multi element suite.
Qualitycontrol samples,includingblanks,duplicates and standards are not

25

==> picture [18 x 51] intentionally omitted <==

Criteria JORC Code explanation Commentary
Quality control samples, including blanks, duplicates and standards are not
available.
Rock Samples:

American Assay Laboratories (AAL):

The laboratory techniques were partial extraction as per below:

Acid digest for Au and multielements with an ICP-MS and ICP-OES finish for a
multi element suite.

Quality control samples, including blanks, duplicates and standards are not
available.
Drilling

Analytical Laboratory and elements:

ALS Chemex Laboratory in Reno. The laboratory techniques were partial
extraction as per below:

Fire Assay with 30g charge.

Quality control samples, including blanks, duplicates and standards are not
available.
Verification
of sampling
and assaying

The verification of significant intersections by either
independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

This is an early stage exploration project.

Assay data were not adjusted.

Geochemical mapping is based on raw assay data

Significant intersections reported in this announcement are based on historical
data.

Helix has not undertaken verification (by resampling) as drill core is not
available.

No information is available of documentation process.

No adjustments have been made to the assaydate.
Location of
data points

Accuracy and quality of surveys used to locate drill holes (collar
and down-hole surveys), trenches, mine workings and other
locations used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

No Mineral Resource estimation is being undertaken. Due to the absence of
QAQC information for the historical drill samples they are not suitable for
resource estimation.

Unable to confirm locations of historical soil and rock chip samples

Several trenches are locatable in the field and trench rock chips are reportedly
(according to former owner) align with these. Helix has not verified this.

Grid system inWGA84, Zone 11N UTM.

Topographic control is by existing topographic maps. The project area is flat
lyingwith topographic control for the 2022 soilprogramprovided bythe GPS

26

==> picture [18 x 51] intentionally omitted <==

Criteria JORC Code explanation Commentary
and government topographic maps at 1:100,000 scale.
Data spacing
and
distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to
establish the degree of geological and grade continuity
appropriate for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

Helix has not undertaken any drilling or sampling.

The following data spacings are present in historical data:
-
Rock chip samples are selective sampling (no specific spacing)
-
2004 Soil sampling was undertaken on a variety of grids that range from
(~20m)
-
2022 Centric soil sampling was undertaken on a 100m grid
-
Drilling was scout drilling (no specific data spacing).

No Mineral Resources are being reported so no sample compositing has been
applied.
Orientation
of data in
relation to
geological
structure

Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
the deposit type.

If the relationship between the drilling orientation and the
orientation of key mineralised structures is considered to
have introduced a sampling bias, this should be assessed and
reported if material.

The lithological and structural trends in the area sampled vary, with a broad
regional NW/SE trend.

Drilling was conducted -60 degrees to 310 degree or on several different
orientations. The drill holes may not be exactly perpendicular to the
interpreted FLEM plate model and interpreted surface geochemical results as a
guide

True widths are not known.
Sample
security

The measures taken to ensure sample security.

Not known for all historical sampling.

2022 Centric Soil samplingon 100mgrid
Audits or
reviews

The results of any audits or reviews of sampling techniques
and data.

Not known

27

==> picture [18 x 51] intentionally omitted <==

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status

Type, reference name/number, location andownership including
agreements or materialissues with third parties such as joint ventures,
partnerships, overriding royalties, native title interests, historical sites,
wilderness or national park and environmental settings.

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.

Refer to tables in the body of this report which summarise the
tenements.

All tenements are in good standing and there are no known
impediments to operating in this area.
Exploration
done by
other parties

Acknowledgment and appraisal of exploration by other parties.

All tenements have been the subject of previous exploration by
numerous companies, notably Newmont and Centric.

Previous exploration data has been compiled and reviewed and is
summarised in this announcement.

Detailed assessment of previous exploration data is ongoing.

the Exploration Results (soils, rocks and drill) are considered
reliable for a number of reasons:
-
All samples were analysed at an accredited Laboratories
-
Sampling, QAQC and analytical protocols are described in JORC
Table 1.
-
The 2022 soil sampling program undertaken by Centric effectively
validated the presence of copper and gold in the earlier 2004 soil
program.
-
Gold is present in all sample mediums (rock chips, soil and drilling).
Copper ispresent in rock chips and soil.
Geology
Deposit type, geological setting and style of mineralisation.

The tenements are prospective for Porphyry and IOCG copper
gold deposits.
Drill hole
Information

A summary of all information material to the understanding of the
exploration results including a tabulation of the following information
for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in
metres) of the drill hole collar
o dip and azimuth of the hole

No new drilling in this report.

Details of previous drilling reported in this report are:

Refer to table 1 in report for collar locations of historical holes

28

==> picture [18 x 51] intentionally omitted <==

Criteria JORC Code explanation Commentary
o down hole length and interception depth
o hole length.

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.
Data
aggregation
methods

In reporting Exploration Results, weighting averaging techniques,
maximum and/or minimum grade truncations (e.g. cutting of high
grades) and cut-off grades are usually Material and should be stated.

Where aggregate intercepts incorporate short lengths of high-grade
results and longer lengths of low-grade results, theprocedure used for
such aggregation shouldbe stated and some typical examples of such
aggregations should be shown in detail.

No cutting of high grades has been employed

Cut off grades applied to the data reported are appropriate for
exploration and include:

Soil: 20 ppb Au

Rock: 0.1 g/t Au

Drilling 0.1 g/t Au

Aggregate lengths in drillhole reporting -5 foot samples were
collected and converted into meters. Typical example of intercepts
and gold grade in drilling is shown in Cross Section provided in
report.
Relationship
between
mineralisation
widths and
intercept
lengths

These relationships are particularly important in the reporting of
Exploration Results.

If the geometry of the mineralisation with respect to the drill hole
angle is known, its nature should be reported.
If it is not known and only the down hole lengths are reported, there
should be a clear statement to this effect (e.g. ‘down hole length, true
_width not known’). _

No new drilling in this report

Historical Drilling is considered early-stage scout drilling.

The geometry of the mineralisation relative to the drill hole is
unknown at this stage.
Diagrams
Appropriate maps and sections (with scales) and 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.

Plan view of historical drillhole locations has been included in this
report.

A cross section of historical hole DDH006 is included in the report
Balanced
reporting

Where comprehensive reporting of all Exploration Results is not
practicable, representative reporting of both low and high grades
and/or widths should be practiced to avoid misleading reporting of
Exploration Results.

The reporting is balanced, and all material information has been
disclosed.

Representative reporting of high and low grades has been
undertaken.

Modelling of historical geophysical data is underway and when
available the results willprovided in a subsequent report
Other
substantive

Other exploration data, if meaningful and material, should be reported
including (but not limited to): geological observations;geophysical

The report is of a general nature and no new exploraton results
are beingreported.

29

==> picture [18 x 51] intentionally omitted <==

Criteria JORC Code explanation Commentary
exploration
data
survey results; geochemical survey results; bulk samples – size and
method of treatment; metallurgical test results; bulk density,
groundwater, geotechnical and rock characteristics; potential
deleterious or contaminating substances.

Relevant geological, and historical geochemical data have been
included in the Figures and tables in this report to provide context.

Geophysical data is available for the area (magnetics and
radiometrics) and is being evaluated.

Ground gravity and airborne hyperspectral data is available and
will be evaluated in context of historical data review.
Further work
The nature and scale of planned further work (e.g. tests for lateral
extensions or depth extensions or large-scale step-out drilling).

Diagrams clearly highlighting the areas of possible extensions,
including the maingeological interpretations and future drillingareas,
provided this information is not commercially sensitive.

Further work will include modelling of geophysical data, diamond
drilling and further geochemical sampling.

Diagrams show location of gold mineralisation identified to date.
Further evaluation will be undertaken to identify areas of possible
extensions.

30