HELIX RESOURCES LIMITED — Investor Presentation 2012

Jun 7, 2012

Helix Resources Limited Gold, Copper, Iron Ore in Australia and Chile

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Helix Resources Limited (ASX:HLX) is a minerals exploration company focused on identification, acquisition and development of projects in Australia and Chile

CHILE EXPLORATION UPDATE

JOSHUA COPPER PROJECT – CHILE

• Remaining results received from DDH holes drilled (1000m) in 1Q12. Wide intercepts of Copper (+Gold) and anomalous Molybdenum confirms a large copper porphyry is present at Joshua Target 1.

Best results to date from testing a limited 600m x 300m flank of the system drilled (2,200m) include:

• RC: o ARJS11-001 From 0m – 156m @ 0.26% Cu Eq to EOH o ARJS11-002 From 0m – 143m @ 0.27% Cu Eq o ARJS11-004 From 0m – 234m @ 0.14% Cu Eq to EOH

• ARJS11-005 From 0m - 256m @ 0.32% Cu Eq to EOH incl. 27m @ 0.58% Cu Eq from surface.

• Diamond:

• DDH2 From 0m – 400m @ 0.33% Cu Eq to EOH incl. 70m @ 0.41% Cu Eq* from 82m.

• DDH3 From 0m – 242m @ 0.14% Cu Eq to EOH

• o DDH4 From 0m – 147.6m @ 0.14% Cu Eq to EOH incl. 24m @ 0.33% Cu Eq from surface .

• Potential for improved grades in a system that exceeds 1.5km² in diameter, with individual drill assays returning grades up to 0.8% Cu, 1.15g/t Au and 764ppm Mo. The system remains open in all directions

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Capital Structure

	ASX Ticker Code	HLX
	Share Price (as at 6 June 2012)	AU$0.04
	Market Cap	$8.2M
	Issued Capital (Fully Diluted)	204M
	12 Month Range	AU$0.04 - $0.12

Directors and Management

• IP geophysical survey has commenced to close off extensions of Target 1 and carry out initial surveys over targets 2, 3 & 4.

Ongoing mapping, surface sampling and track work will assist in prioritising drill sites for next drill program.

HADO COPPER PROJECT – CHILE

• First pass field activities have confirmed second significant project for Helix in the district with a large (+5km²) alteration system associated with hydrothermal breccia’s surrounding a porphyritic “diorite” .

• Mapping and rock chip sampling has commenced to assist in defining surface copper/gold/molybdenum accumulations within the system (results pending).

• Two IP lines are planned to traverse the system to assist in identifying sulphide accumulations at depth and prioritise drill targets.

	Greg J Wheeler	Executive Chairman/MD
	Michael Wilson	Executive Technical Director
	John den Dryver	Non-Executive Director
	Gordon Dunbar	Non-Executive Director
	Craig Johnson	Exploration Manager – Aust
	Alamiro San Francisco	Exploration Manager - Chile

Assets

Cash/Investments	$2.0 Million
Restdown Gold JV (70%)	2.6Mt @ 1.2g/t Au
Canbelego Copper JV (51%)	1.5Mt @ 1.2% Cu
Yalleen Iron Ore JV (30%)	84.3Mt @ 57.2% Fe
Tunkillia Gold JV (44%)	800,000oz Au + 1.6Moz Ag

HUALLILLINGA COPPER/GOLD PROJECT – CHILE

• Initial field activities at Huallillinga provide early encouragement for high grade shear and vein hosted copper and gold systems. - HLX Technical team has recognised multiple mineralising events in sub-parallel systems associated with the +25km long regionally significant fault zone (Los Mantos Fault) which transects the project. Copper and gold mineralisation is present in structures 5-30m wide, with potential for sub-parallel systems to extend for up to 3km in length in areas mapped.

• Mapping and geochemical sampling underway with an IP Survey to follow.

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Helix Resources Limited Gold, Copper, Iron Ore in Australia and Chile

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Helix Resources Limited (ASX:HLX) is a minerals exploration company focused on identification, acquisition and development of projects in Australia and Chile

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Figure 1: Location of Helix’s Region IV projects with surrounding mines, advancing projects and infrastructure

Joshua Project – Exploration Update

Results from the Joshua Project, Helix’s greenfield discovery in Region IV of Chile, have been received with additional wide zones of anomalous copper (+ gold) in the remaining two diamond holes from the program undertaken in 1Q12. The 1000m diamond program was designed to provide geological controls to the IP surveys and attempt to constrain the mineralised zone on the southern flank of Target 1.

The drilling has succeeded in providing lithological controls for various zones of the system to better refine the IP modelling at Target 1 and sub-vertical hole DDH2 was mineralised for its entirety (400m @ 0.33% Cu Eq) illustrating the system continues a depth.

To date drilling has been confined to the south-east flank of the system testing approximately 0.2km² of a 1.5km² target, where the only access track had been developed. Access tracks are being developed onto the larger northern flank of the system. Results to date suggest that the system should improve both in grade and widths through this zone and is considered a priority target for future drilling.

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Helix Resources Limited

Gold, Copper, Iron Ore in Australia and Chile

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Helix Resources Limited (ASX:HLX) is a minerals exploration company focused on identification, acquisition and development of projects in Australia and Chile

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Figure 2: Joshua Target 1 topography and mapped alteration, showing extent of drilling to date.

Lithologies and alteration intersected in the drilling are consistent with the porphyry copper model being pursued and the drill core has provided an ability to assess sulphide species and distribution to assist in refining the geophysical model for the Target 1.

The limited drilling to date is yet to penetrate the chargeable IP features (refer figure 3). Additional track work to provide access to suitable platforms on the northern flank will assist in this process.

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Figure 3: Drill holes to date with respect to 3D Chargeable Inversion model and 6613600mN Section

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Helix Resources Limited Gold, Copper, Iron Ore in Australia and Chile

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Helix Resources Limited (ASX:HLX) is a minerals exploration company focused on identification, acquisition and development of projects in Australia and Chile

The following table provides details of the drill holes from the 2012 diamond program.

Hole ID:	Easting (WGS84)	Northing (WGS84)	RL	Azi	Dip	Depth (M)	Result	Comment
DDH1	320859	6613257	1385	260	-50	302.1	From 210m to EOH 92m @ 0.13% CuEq*	Hole intersected preserved roof rocks before passing into porphyryassemblages
DDH2	320767	6613450	1346	55	-80	400	From 0m – 400m @ 0.33% Cu Eq to EOH incl. 70m @ 0.41% Cu Eq* from 82m.	Drilled sub-vertical into porphyry target
DDH3	320530	6613266	1420	280	-50	242.1	From 0m – 242.1m @ 0.14% Cu Eq to EOH	Drilled along Southern flank toward Chargeable IP Anomaly
DDH4	320703	6613247	1403	270	-65	147.6	From 0m – 147.6m @ 0.14% Cu Eq to EOH incl. 24m @ 0.33% Cu Eq from surface.	Drilled along southern flank between collar of ARJS005 toward DDH3 collar

Samples collected as 2m quarter diamond core, assayed using aqua regia with an icp finish

Results to date reflect the significant size of the target with most RC and DDH holes intersecting +100m of copper sulphides (+/-gold).

Additional IP lines are being completed north of Target 1 to close off the system and refine the model for both Target 1 & Target 4 to assist in prioritising the next round of drilling. Initial lines over target 2 and 3 will also be undertaken.

Hado Project – Exploration Update

Hado was acquired by Helix targeting the same geological domain as the Joshua area (Cretaceous Volcanics intruded by Paleocene Intrusives ) and is situated approximately 25km south of Joshua and 18km by road from the township of Monte Patria.

Hydrothermal breccias, brecciated andesite, diorite porphyry and intrusive granodiorite lithologies have been identified in first-pass mapping. The hydrothermal breccia is overprinted with alteration including argillic assemblages with abundant limonite and hematite weathering common. The system covers an area exceeding 5km² and is semi-circular in shape, with historic artisanal workings identified in Qtz (+Cu & Au) veins striking N-S and NNW throughout the system.

Initial rock chip sampling has commenced with two IP lines planned to assist in identifying sulphide accumulations at depth in this large system.

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Helix Resources Limited

Gold, Copper, Iron Ore in Australia and Chile

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Helix Resources Limited (ASX:HLX) is a minerals exploration company focused on identification, acquisition and development of projects in Australia and Chile

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Figure 4: Initial Target zone from first–pass exploration at Hado Project .

Huallillinga Project – Exploration Update

Huallillinga Project is a large 90km² area with significant potential for shear hosted copper and gold, with little evidence of modern exploration in the district.

From the field activities undertaken to date, Helix has recognised at least two mineralising events associated with large structures (5 to 30 meters wide) controlled by a large regional shear zone. The first mineralising event appears to be cut by the second event and overall the systems appear to exceed the 3 km of strike in several areas. Artisanal workings in the area appear to exploit both mineralisation events. It is also important to note that artisanal workings have only exploited areas of outcrop with structures clearly continuing under shallow cover throughout the district.

The entire tenemented area is affected (and controlled) by a significant regional fault system associated with the Los Mantos Fault, which controls several significant copper and gold systems particularly to the south including Punitaqui (Glencore).

Helix is approaching the area at two levels. We have identified and are negotiating with several local small-scale miners with the aim to consolidate several small prospects and our surrounding ground into a meaningful near term production operation as well as targeting the regional picture, where there is an opportunity to identify mineralised systems using geochemistry, geophysics and drilling.

First pass mapping and sampling is underway.

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Helix Resources Limited

Gold, Copper, Iron Ore in Australia and Chile

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Helix Resources Limited (ASX:HLX) is a minerals exploration company focused on identification, acquisition and development of projects in Australia and Chile

Copper Equivalent Calculation

Copper Equivalent (also Cu Eq*) Calculation represents the total metal value for each metal, multiplied by the conversion factor, added and expressed in equivalent copper percentage. These results are exploration results only and no allowance is made for recovery losses that may occur should mining eventually result. However it is the Company’s opinion that elements considered here have a reasonable potential to be recovered as evidenced in similar multi-commodity natured porphyry mines elsewhere in Chile.

Copper Eq values calculated using a copper price of $US7650/tonne and gold price of $US1550/Oz (spot prices 25th May 2012), Cu Eq = (Cu %) + (Au_ppm x 0.7183).

Exploration Target

References to exploration target size and target mineralisation in this announcement are conceptual in nature and should not be construed as indicating the existence of a JORC Code compliant mineral resource. Target mineralisation is based on projections of established grade ranges over appropriate widths and strike lengths having regard for geological considerations including mineralisation style, specific gravity and expected mineralisation continuity as determined by qualified geological assessment. There is insufficient information to establish whether further exploration will result in the determination of a mineral resource within the meaning of the JORC Code

Competent Persons Statement

The information in this announcement that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr M Wilson who is a full time employee of Helix Resources Limited and a Member of The Australasian Institute of Mining and Metallurgy. Mr M Wilson 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 M Wilson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Details of the assumptions underlying any Resource estimations are contained in previous ASX releases or at www.helix.net.au

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