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Restdown and Muriel Tank JV - New South Wales

Helix 70%, Glencore 30%
EL6501, EL6140 & EL6739

Restdown JV

EL6140 EL6501
The Restdown Project covers an area of approximately 188km² and is located 40km south-east of Cobar in Central West NSW.  Tenements EL6140 and EL6501 cover a package of Girilambone Beds unconformably overlain in places by younger Meryula Formation, and numerous historic workings are located within the project area.

Project Summary

♦  2 RC drill programs completed which confirm a significant gold system exists.
♦  Better drilling results to date (aqua regia assays) include:-

• 13m @ 4.2g/t Au HRRC006
• 18m @ 2.3g/t Au and 4m @ 4.4g/t Au HRRC008
• 42m @ 1.5g/t Au (incl. 5m @ 3.3g/t, 6m @ 3.0g/t and 7m @ 2.7g/t) HRRC025
• 32m @ 1.0g/t Au (incl. 5m @ 5.4g/t) HRRC012
• 14m @ 2.0g/t Au (incl. 5m @ 4.0g/t) HRRC018

♦  Fire Assays indicate a +15% uplift in Au from Aqua Regia assay results
♦  Maiden resource estimation underway
♦  Preliminary Scoping Study work has commenced