Helix Resources Ltd (ASX:HLX, Helix or the Company) has completed DHEM geophysics on the first two scout drillholes targeting a prospective IP anomaly at the Company's Canbelego copper project, located in the CobarNyngan area of central NSW.

The Canbelego Joint Venture project is located within EL61053 , part of Helix's Western Group Tenements.

Helix's Managing Director, Kylie Prendergast commented: 'Despite a mineralised structure being intercepted where predicted, deployment of downhole EM geophysics leads us to believe further copper sulphide lodes in the Canbelego far west position will be deeper than 400m depth below surface or more than 200m along strike. While we are waiting for final results, the focus will now shift back to Bijoux, where a well-developed surficial copper anomaly has seen very limited drill testing. The first step will be to infill the current wide-spaced reconnaissance auger coverage to enhance targeting in the Bijoux anomaly. In the meantime, Helix continues to progress other priority prospects including at the Eastern Group Tenements where Helix has several priority targets in its pipeline which we believe have potential to deliver a new copper-gold discovery in the highly endowed, Cobar region close to established operations and processing facilities.'

Technical Report

Two drillholes, CBLRCDD065 and CBLRCDD066, were completed into a large pole-dipole IP anomaly, referred to as the Western chargeable anomaly at the Canbelego copper project4. A fault zone with intense chlorite alteration and late veins and disseminations of pyrite and chalcopyrite mineralisation was intersected at the target zone, 250m below surface. Results for DHEM surveys for the two drillholes have now been received, however no basement conductors were identified. Modelling indicates that a copper lode of similar size to the Canbelego Main Lode should be visible at least 200m off hole. Therefore, any future drilling should be targeted at least 200m along strike (to the north or south) or down dip from the area tested by CBLRCDD065 and CBLRCDD066. Assay results and petrophysical results for the drillholes remain pending and are expected to be received in the coming weeks. These results will be assessed to evaluate the prospectivity of the mineralised structure.

COMPETENT PERSON STATEMENT

The information in this report that relates to exploration results, Mineral Resource estimates and geological data for the Cobar projects is based on information generated and compiled by Mr. Gordon Barnes and Dr. Kylie Prendergast who are both employees and shareholders of the Company. Mr. Barnes and Dr. Prendergast are Members of the Australian Institute of Geoscientists. They both have 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'. Mr. Barnes and Dr. Prendergast have consented to the inclusion of this information in the form and context in which it appears in this report

Contact Details: Helix Resources Limited Level 4, 225 St Georges Terrace, Perth, WA, 6000 PO Box 7237 Cloisters Square PO Perth, WA 6850 Email: helix@helixresources.com.au 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 in the prolific copper producing region of Cobar, NSW. The Company possesses a sizable ground position across three tenement groups which are largely untested despite being located within 50km of significant copper producing operations. The strategy is to generate new copper and gold targets on its large, underexplored ground position and test them through drilling to make new discoveries. The western tenement group consists of 30km of contiguous strike and the Company is advancing a pipeline of wholly owned copper opportunities, as well as the Canbelego JV Project (70% owned and operated by Helix and 30% owned by Aeris Resources) where a Mineral Resource of 32.8kt of contained copper has been estimated (refer Appendix A). The eastern tenement group encompasses more than 150km of prospective strike and includes the 100% owned high-grade CZ copper project

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