tophorz

Reserves and Resources

Blanco Y Negro Resource – August 2015

(Helix 100%)

Tonnes Cu Grade Contained Cu Au Grade Contained Au
% Tonnes g/t oz
Oxide
Indicated 360,000 1.0 4,000 0.2 2,500
Inferred 140,000 0.8 1,000 0.6 3,000
Total 500,000 1.0 5,000 0.3 5,000
Transition
Indicated 280,000 1.8 5,000 0.6 5,600
Inferred 30,000 0.7 240 0.4 460
Total 310,000 1.6 5,200 0.6 6,100
Fresh
Indicated 140,000 2.2 3,000 0.8 3,500
Inferred 480,000 1.4 7,000 0.6 9,000
Total 620,000 1.6 10,000 0.6 12,500
Total MT
Indicated 0.8 1.5 12,000 0.5 12,000
Inferred 0.7 1.3 8,000 0.6 12,000
Total 1.5 1.4 20,000 0.5 24,000

Note: Discrepancies in table figures are due to rounding.

Restdown JV Resource – August 2011

(Helix 70%, Glencore 30%)

Restdown Prospect – Inferred

Domain Au Cut Off Grade Tonnes Au Grade (g/t) Contained Au (oz)
Sunrise 0.3 2,100,000 1.3 85,000
1.0 1,100,000 1.9 66,000
Good Friday 0.3 470,000 0.9 13,000
1.0 80,000 1.6 4,000
Total 0.3 2,600,000 1.2 100,000
Total 1.0 1,200,000 1.8 70,000

Note: Discrepancies in table figures are due to rounding.

Canbelego Copper Resource October 2010

(Helix 70%, Straits Resources 30%)

The total copper resource for the Canbelego Copper Deposit at a 0.3% Cu cutoff is classified according to the JORC Code (2004) as:

JORC Category Million tonnes Grade % Cu Contained Tonnes
Inferred 1.5 1.2 18,000
TOTAL 1.5 1.2 18,000

Yalleen JV Resource* – April 2009

(*Helix maintains 30% interest in Iron Ore)

Table A: Yalleen Project April 2009 Inferred and Indicated Mineral Resource

Deposit Tonnes Fe SiO2 Al2O3 P S LOI Mn MgO
MT % % % % % % % %
Kumina Creek Deposit
Indicated 34.96 57.53 5.18 3.70 0.060 0.015 8.24 0.06 0.11
Inferred 23.61 57.53 5.19 3.77 0.060 0.015 8.15 0.07 0.11
Total 58.57 57.53 5.18 3.73 0.060 0.15 8.20 0.06 0.11
Robe Exit Deposit
Indicated 12.91 56.50 5.52 3.74 0.053 0.018 9.41 0.05 0.14
Inferred 12.82 56.32 5.45 3.89 0.064 0.016 9.31 0.03 0.11
Total 25.73 56.41 5.49 3.81 0.058 0.017 9.36 0.04 0.12
Total Resource – CID
Indicated 47.87 57.25 5.27 3.71 0.058 0.016 8.56 0.06 0.12
Inferred 36.43 57.10 5.28 3.81 0.061 0.015 8.56 0.06 0.11
Total 84.30 57.19 5.28 3.75 0.060 0.016 8.56 0.06 0.11


The information in this report that relates to Resource estimations 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.