Helix Resources Limited provided the following exploration update which includes high-grade copper assays from its Canbelego Copper Joint Venture project. Copper Assays - have been received for intervals where geological estimates of copper sulphides (chalcopyrite) were reported previously. CANDD001 intersected 2 metres at 3.07% copper within a broader interval of 11 metres at 1.10% copper from 270 metres downhole. CANDD002 intersected 14 metres at 4.22% copper from 253 metres downhole, including. 3 metres at 7.01% copper from 352 metres; and 4 metres at 5.94% copper from 358 metres. A new mineralised position above the main lode was also intersected which assayed 2 metres at 3.1% copper from 118 metres within a broader mineralised 12 metre envelope from 110 metres downhole. Recent Drilling Outcomes - A fourth diamond drill hole, CANDD004, tested for shallower extensions of the higher-grade, more intense chalcopyrite shoot in CANDD002. This hole intersected 25.8 metres from 252 metres downhole of copper sulphide mineralisation including: 8 metres with 1% disseminated chalcopyrite logged from 252 metres; and 4.8 metres with variable abundance of chalcopyrite logged from 273 metres. This comprised mainly 0.5% disseminated chalcopyrite with two intervals totalling 1.2 metres where 5 to 70% disseminated, vein and massive chalcopyrite was observed. Drilling Status and Outlook - A fifth drill hole is in progress testing the down-plunge potential of the high-grade shoot intersected in CANDD002. Following further downhole electromagnetic (DHEM) surveys to assist in vectoring to the high-grade zones within the overall lodes, the joint venture partiners will finalise additional drilling. Recent drilling productivity has been hampered by wet weather which can restrict access where the Company is respectful of not damaging wet farm access tracks. Assays are pending for CANDD003 and CANDD004. The advanced Canbelego Copper Project has an Inferred Mineral Resource of 1.5Mt at 1.2% copper reported in accordance with the 2004 JORC Code. Helix's previous drilling, last undertaken in 2013 and resultant DHEM modelled targets were never followed up, after the CZ Deposit3 was discovered on the southern portion of the Collerina Trend. Assay results for drill holes CANDD001 and 2 have extended the mineralised envelope another 90 metres vertically and the observed copper sulphides in CANDD003 may extend the strike at this depth by approximately 200 metres to the north. The mineralisation in CANDD004 appears to narrow up vertically, consistent with the intercept in CANDD001 (2 metres at 3.07% copper) and the adjacent interval of 2 metres are at 6.7% copper. Drilling is continuing and the Company plans to update the Canbelego mineral resource estimate at the completion of the program.