HELIX RESOURCES LIMITED — Director's Dealing 2021

Nov 4, 2021

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity HELIX RESOURCES LIMITED ABN 27 009 138 738

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Michael Rosenstreich
Date of last notice	2 August 2021

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Michael Benjamin Rosenstreich & Ms Wendy Jane Rosenstreich Mr Rosenstreich is a trustee and benefi- ciary
Date of change	2 November 2021
No. of securities held prior to change Mr Michael Benjamin Rosenstreich & Ms Wendy Jane Rosenstreich Trustee and beneficiary	2,458,333 fully paid ordinary shares 5,541,667 unlisted performance options
Class	Unlisted performance options expiring 12 April 2023 (refer to annexure A for vest- ing terms)
Number acquired	1,000,000 performance options
Number disposed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change Mr Michael Benjamin Rosenstreich & Ms Wendy Jane Rosenstreich Trustee and beneficiary	2,458,333 fully paid ordinary shares 6,541,667 unlisted performance options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securi- ties under dividend reinvestment plan, par- ticipation in buy-back	Issue of additional 1m Performance Op- tions issued under ESIP as approved by resolution 6 of the General Meeting held on 7 April 2021 in line with movement to 80% full time employment role.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Employment agreement
Nature of interest	Indirect
Name of registered holder (if issued securities)	Mr Michael Benjamin Rosenstreich & Ms Wendy Jane Rosenstreich
Date of change	2 November 2021
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Performance Options
Interest acquired	1,000,000
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Nil
Interest after change	6,541,667 remain to be issued under the agree- ment reflected above

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

art 3– +Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/a
If prior written clearance was provided, on what date was this provided?	N/a

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Annexure A – terms of performance options

The Options have a nil exercise price ( Exercise Price ) and vest on the tranches set out below ( Vesting Conditions ):

Engagement Basis	Milestone The Performance Options will vest upon:	Conditions to exercise
1. 208,333 Incentive Perfor- mance Options vest (now) 2,083,333 total (full time)	Helix 20 Day VWAP being equal to or above the higher of the following: • 120% of the 20-day VWAP (calcu- lated at the Commencement Date); or • $0.022	The Performance Options can only vest if the Company has: • Obtained Shareholder approval • Secured sufficient funding - sufficient finance/funding is secured to ensure all budgeted and Board approved activi- ties can be completed to achieve the successive performance milestones whilst maintaining statutory compliance and balance sheet integrity. • A track record of safety - If there is: o a fatality of a Company employee at any Company site, leases, offic- es or operations, the Performance Options will be cancelled in accord- ance with the terms; and o a permanent incapacity LTI of a Company employee or contractor at any Company site, leases, offices or operations, 50% of the Perfor- mance Options will be cancelled in accordance with the terms.
2. 3,000,000 Incentive Per- formance Options (now) 3,750,000(full time)	Helix 20 Day VWAP being equal to or above $0.045
3. 3,333,334 Incentive Per- formance Options (now) 4,166,667(full time)	Helix 20 Day VWAP being equal to or above $0.070
Note: If the Share price achieves a second or third hurdle before there is time to issue the resulting Options, then all the Options due at that hurdle will be issued.
ALTERNATE MILESTONES IN EVENT NO SHAREPRICE MILESTONES ARE TRIGGERED IN THE 2 YEAR PERIOD. Note: These milestones are not cumulative.
100% of Incentive Perfor- mance Options vests	EITHER: Helix’s JORC 2012 Resource at any one Project (eg Cobar Gold is one project) exceed1 million ounces of contained gold or gold Metal Equivalent for gold/silver projects from a Resource with a mini- mum cut-off grade of no less than 0.3g/t Au. OR Helix’s JORC 2012 Resource at any one Project exceeds0 .20 million tonnes of contained copper or copper Metal Equiv- alent for polymetallic projects from a Re- source with a minimum cut-off grade of no less than 0.3% Cu.

• See chapter 19 for defined terms.

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01/01/2011