HELIX RESOURCES LIMITED — Investor Presentation 2012

Dec 3, 2012

Helix Resources Limited

Gold, Copper, Iron Ore in Australia and Chile

4 December 2012

The Company Announcements Platform Australian Securities Exchange

Dear Sirs,

PRESENTATION TO COBAR MINING CONFERENCE

I attach a presentation given by our Exploration Manager, Mr Craig Johnson, to the Cobar region Exploration and Mining Conference today.

Yours faithfully

Joneen McNamara Company Secretary

Helix Resources Limited

"We've Found The Field…..How To Find The Goalposts?"

Disclaimer

Competent Person's Statement

The information that relates to Exploration Results, Mineral Resources or Ore Reserves on these projects is based on information compiled or reviewed by Mr C Johnson who is a full time employee of Helix Resources Limited and a Member of the Australian Institute of Geoscientists. Mr C Johnson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr C Johnson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Exploration Target

It is common practice for a Company to comment on and discuss its exploration in terms of target size and type. The term "Exploration Target" should not be misunderstood or misconstrued as an estimate of Mineral Resources and Reserves as defined by the JORC Code (2004), and therefore the terms have not been used in this context. Exploration Targets are conceptual in nature, and it is uncertain if further exploration or feasibility study will result in the determination of a Mineral Resource or Mining Reserve.

Forward Looking Statements

This presentation has been prepared by Helix Resources Ltd ("Helix") to assist with informing interested parties about the Company. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities.

This presentation contains "forward-looking statements". Such forward-looking statements may include, without limitation:- estimates of exploration targets, resources, reserves and statements regarding future exploration results; estimates of future metal production, opex, capex, earnings and cashflow estimates; and the sensitivity of these to risks including economic conditions, interest rates, metals prices, foreign exchange rates, stock market movements and access to infrastructure.

While Helix has no reason to believe that any statements are either false, misleading or incorrect, it cannot guarantee that through either the passage of time or actions beyond the control of Helix, they will not become so. To the fullest extent permitted by law, Helix Resources Ltd, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.

For a more detailed discussion of such risks and other factors, see the Company's Annual Reports, as well as the Company's other filings. The Company does not undertake any obligation to release publicly any revisions to any "forward looking statement" to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Company Overview

Listed on ASX: HLX - May 1986 Market Capitalisation: \$8M

Shares on issue: 204 Million (Top 20 Shareholders - 51%) Listed Options: 36 Million (exercise at 1.5c, expiring 30/09/2014) Cash at 30 September 2012: \$3.1M (\$0.9M Committed to Olary Fe Project)

Directors:

Greg J Wheeler Executive Chairman Corporate Michael Wilson Executive Technical Director Geologist John Den Dryver Non Executive Director Mining Engineer Gordon Dunbar Non Executive Director Geologist

Gold, Copper, Iron Ore in Australia and Chile Defined resources, advancing discoveries and development aspirations

Legacy/Divestments

Focus & Managed

Project Locations

Helix's NSW Exploration Strategy

Why Central NSW

• ^o Operating Mines & Advanced Projects
• ^o Good Infrastructure
• ^o Strong History of Discovery & Mining for Cu/Au
• ^o Under Explored

Exploration Methods

WESTERN PROJECTS EASTERN PROJECTS

Western Projects – Au +/- Cu Eastern Projects – Cu +/- Au

Exploration Methods (continued)

• ^o Templates (Restdown JV, Canbelego JV)
• ^o Detailed Aeromagnetics (inversions and forward models)
• ^o Quad Auger Soil OR Hydraulic Auger Geochemistry (in lieu of RAB/Aircore)
• ^o Drilling (RC, consider Diamond Core where appropriate – DHEM readily provided for)
• ^o Electrical Geophysics (as appropriate)

Detailed Aeromagnetics

Locate & describe structure, stratigraphy & alteration framework

Soil Geochemistry

• ^o Consistent sample media
• ^o Appropriate assay methods
• ^o Regional pattern sampling and reference samples.

Transported Loam

Quartz Lag Layer

Zone targeted with Soil Auger Sampling -40# sieved fraction to reduce "spikey" assay results

Rock-Soil Interface

Weathered Bedrock

Principal Findings

Resources Identified

• ^o Restdown JV – Inferred Resource 2.6Mt @ 1.2g/t Gold
• ^o Canbelego JV – Inferred Resource 1.5Mt @ 1.2% Copper

Principal Findings (Continued)

• ^o Boundary Prospect 70m at 1.1g/t Au, >6g/t rock chip at surface
• ^o Sunrise NE Prospect 22m at 0.2g/t Au and 15m at 0.2g/t Au
• ^o Caballero Prospect 72m at 0.14% Cu, EM anomalies to South
• ^o Amity's Reward Prospect 11g/t and 26g/t Au rock chips, 22m at 0.1g/t Au Epithermal Vein Prospect – 800m x 150m wide Sb, As, Au anomaly
• ^o Snelsons Central Prospect "Lease Tuff" & mineralised structure 1m @ 30.5g/t Ag,

Principal Findings (Continued)

LS Epithermal Style Au and Base Metal (Cobar Style) Hybrid Systems Dominate in the Western Projects

• ^o Early LS Epithermal & "shallow water VMS" environment
• ^o Inversion related sulphide mobilisation/modification (Cobar Style where base metal reservoirs/structure links, LS epithermal Au where on Ordovician basement)
• ^o Late stage high-grade Au mineralisation
• ^o Distinct alteration styles, geochemistry, structure

Principal Findings (Continued)

Evidence for VMS Style Copper Systems Dominates in the Eastern Projects

• ^o Abundant sub-crop of exhalative lithologies identified
• ^o Geophysical Signature of exhalites identifiable under cover
• ^o Possible volcanic centres identified and modelled for direct targeting
• ^o Mineralised corridors and mineralised fold/structure interference and thickening
• ^o Epithermal style Au mineralisation is present
• ^o Distinct alteration styles, geochemistry, settings

Hybrid Copper

Epithermal Gold

Scale bar =~10cm

Ongoing Approach

Regional to Local Scale Geochemistry and Geology

• ^o Incorporate Portable XRF to accelerate Prospect advancement and reduce costs
• ^o Increasing use of hydraulic auger for deep sampling

Regional to Local Scale Geophysics

• ^o Increased Use of Electrical Geophysics - identifying and testing targets within mineralised corridors and prospect scale footprints
• ^o Airborne EM is being considered, particularly for Eastern Project

NSW Snap Shot

Using technical skills to establish path to success

Oxley/Helix has a large tenement holding (2,500km²),

Effective and Successful Exploration Model

Cost Effective Approach (3 year program)

Making greenfield discoveries in under-explored terrane

Mineral Asset Snapshot

HELIX Managed Projects

• NSW COPPER/GOLD PROJECTS
• GIRLAMBONE WEST (Cu +Au), GIRLAMBONE EAST (Cu) HLX 100%
• RESTDOWN GOLD JV HLX earning 70%
• CANBELEGO COPPER JV HLX 51%, earning 70%
  • 1.5Mt @ 1.2% Cu inferred resource

CHILE HELIX 100%

• JOSHUA (Cu/Au) – Greenfields Copper Porphyry Discovery – Mitsubishi Materials Corp \$19.5M MoU
• HADO (Cu/Au) – Joshua Look-a-Like
• HUALLILLINGA (Cu/Au) – incl. Blanco Y Negro Mine – Drilling Underway

Divestments and Non-managing JV's

• OLARY IRON PROJECT SA HLX 100% (Divesting to Lodestone)
• LANDSBOROUGH & URALLA (Cu/Au) QLD HLX 100% (JV Opportunity)
• YALLEEN IRON ORE JV PILBARA WA HLX 30% Diluting
• TUNKILLIA GOLD JV SA HLX 46% Diluting

Thank You