Helix Resources Ltd. advised that the Company's Board has agreed to implement a Board and Management Transition Plan (the Transition Plan) in order to bolster the Company's already strong position to make new copper discoveries in the Cobar-Nyngan area of central NSW. The Transition Plan was initiated in response to advice from Mr. Peter Lester, Helix Non-Executive Chair, of his plan to retire from the Board effective 1st November 2023. Mr. Lester has served the Company as Non-Executive Chairman for more than five years and he would like to focus on his other Director and corporate advisory commitments. The Board would like to thank him for his considerable contribution to Helix's success in the Cobar region. From 1st November, Mr. Mike Rosenstreich will step down from his current fulltime position of Managing Director to fulfil the new position of Executive Chair on a part-time basis. Mr. Rosenstreich has played a critical role in directing the Company's overall strategy, highlighted by the accelerated, successful exploration activity in the Cobar region supported by a refreshed share register and major fundraising initiatives. Through this transition Mr. Rosenstreich will assume the responsibilities of Chair of the Board and continue to
oversee Helix Resources' investor relations activities, the proposed spin-out of Ionick Metals and various other strategic business and stakeholder related initiatives as well as ensure a thorough handover of his other executive management responsibilities. Current Non-Executive Director, Dr. Kylie Prendergast will take-up the new position of Executive Technical Director as the final piece of the Transition Plan's first stage. Dr. Prendergast is a highly experienced exploration geologist and respected technical leader with over 25 years' experience in the international mining and resource sector working for both `the Majors' and a range of junior companies. Dr. Prendergast's skillset was identified as highly complementary to the Company's copper exploration activities when she was invited to join the Board in May 2022. As an Executive Technical Director, initially on a part-time basis, Dr. Prendergast will collaborate with Helix's Exploration Manager, Mr. Gordon Barnes and the rest of the Orange based team to deliver new copper discoveries in tandem with building up the existing copper resource at the Canbelego Main Lode deposit. As part of the transition, she will work closely with Mr. Rosenstreich whilst assuming increasing administrative responsibilities such as the oversight of the Company finances, leading internal operational reporting and accountability as well as driving the Company's ASX reporting obligations. The second change to the Company's Board structure transition is anticipated to occur around May of 2024 and will see Mr. Rosenstreich shift from Executive Chair to a Non-Executive Chair role. Dr. Prendergast will be appointed Managing Director on a full-time basis after relinquishing the role of Executive Technical Director.