ASX Announcement

24 November 2021

INVESTOR PRESENTATION

Helix Resources Limited (ASX: HLX) ("Helix" or "the Company") is pleased to announce that Managing Director, Mike Rosenstreich is participating in the on-line 121 Mining Investment conference speaking with investors from Europe, Middle East and North America.

Attached is the presentation that he is speaking to at the conference.

This ASX release was authorised by the Company Secretary of Helix Resources Ltd.

ABN: 27 009 138 738

Board of Directors:

HLX

ASX: HLX

Peter Lester

Non-Executive Chairman

Tim Kennedy

Non-Executive Director

Contact Details:

Jason Macdonald

Non-Executive Director

Helix Resources Limited

Mike Rosenstreich Managing Director

78 Churchill Avenue,

SUBIACO, WA, 6008

Company Secretary

Ben Donovan

PO Box 825

West Perth, WA, 6872

Investor/Media Contacts:

Mike Rosenstreich

Email:helix@helixresources.com.au

Tel: +61 (0)8 9321 2644

Web:www.helixresources.com.au

Email:helix@helixresources.com.au

Tel: +61 (0)8 9321 2644

David Tasker

Chapter One Advisers

Email:dtasker@chapteroneadvisors.com.au

Tel: 0433 112 936

Corporate Office

78 Churchill Avenue

Subiaco WA 6008

T +61 8 9321 2644

www.helixresources.com.au

Ehelix@helixresources.com.au

(ASX:HLX)

High-Grade Cobar Copper to Power a Cleaner World

121 Mining Investment EMEA

23-25 November 2021

IMPORTANT NOTICES

This presentation has been authorised by the Board of Helix Resources Limited

Competent Persons 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 Mr Mike Rosenstreich who are both employees and shareholders of the Company. Mr Barnes is a Member of the Australian Institute of Geoscientists and Mr Rosenstreich is a Fellow of the Australasian Institute of Mining and Metallurgy. 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 Mr Rosenstreich have consented to the inclusion of this information in the form and context in which it appears in this report.

Disclaimer

This presentation has been prepared by Helix Resources Limited ("Company"). The presentation does not contain all the information that a prospective investor may require about the companies, their business or the proposal. It is not a complete statement of material information. Except where stated, the information disclosed in this presentation ("Information") relates to the proposed business of the Company at the date of this document. This presentation does not contain advice relating to legal, taxation or investment matters. The Company makes no representation or warranty (express or implied) as to the accuracy, reliability or completeness of the Information. The Company and its subsidiaries, directors, employees, agents and consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or for any omissions from this presentation, except liability under statute that cannot be excluded.

This presentation does not contain an offer of securities in a Company, nor an invitation to apply for such securities. Nothing in this document should be construed as investment advice or financial product advice, whether personal or general, for the purposes of Section 766B of the Corporations Act. The document does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold a financial product. You should obtain professional advice and carry out your own independent investigations and assessment of the Information before acting.

Forward Looking Statements

This presentation may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Helix Resources Limited's (Helix) current expectations, estimates and assumptions about the industry in which Helix operates, and beliefs and assumptions regarding Helix's future performance. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", "potential" and similar expressions are intended to identify forward-looking statements. Forward- looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Helix. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward- looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Helix does not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based.

2

INVESTMENT SNAPSHOT

WELL FUNDED, STRONG ASSETS, NEW TEAM - CLEAR STRATEGY

High-grade Copper Hits Around Existing HLX Deposits1

  • Canbelego - 18m at 3.4% copper - extending mineralisation
  • CZ - 7m at 2.8% copper (from 34m DH) - outlining new zones
  • Lots of assays to come - drilling is ongoing

Strategic, Under-explored Regional Copper Trends

  • High priority regional copper targets
  • Major high-grade copper operations & discoveries 'along strike' to the north onto Aeris Resources' (ASX:AIS) ground
  • 120 'strike-km' of under-explored prospective copper trends

Cobar Is A World-leading Mining Neighbourhood

  • Cobar - well endowed copper (& gold) province
  • Exceptional infrastructure with towns, airport, roads, water, power, telecoms and processing options within 75km

Highly Positive Copper Demand Outlook

  • Copper is an essential metal for energy transformation

1 - Refer Appendix A

3

CORPORATE SNAPSHOT

ASX CODE

HLX

Share price ( 10th Nov 21 close)

$0.017

Shares (listed)

1,258M

Options & Performance Rights (unlisted)

42.5M

Market Cap.

$21.4M

Cash (30th Sept 21)

$3.72M

12 MONTH SHARE PRICE & DAILY VOLUME GRAPH

0.06

700

Millions

0.05

600

0.04

500

0.03

400

300

0.02

200

0.01

100

0

0

Volume Close

MAJOR SHAREHOLDERS

%

Yandal Investments Pty Ltd

4.1%

BNP Paribas Noms Pty Ltd

2.6%

Directors & Management

2%

Top 20

27%

BOARD OF DIRECTORS (REFER APPENDIX B)

Peter Lester

Non-Executive Chairman

Mike Rosenstreich

Managing Director

Tim Kennedy

Non-Executive Director

Jason Macdonald

Non-Executive Director

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Disclaimer

Helix Resources Limited published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 16:20:04 UTC.