Exploration Update on Muriel Tank Gold Project

Helix Resources Ltd (ASX:HLX) has reported high-grade gold results from rock chip samples at the Muriel Tank gold project in EL 6739, located approximately 60km west of Nyngan in central, NSW. The rock chip samples from newly mapped extensions of the quartz vein swarm and mineralised wall rocks have returned significant gold results, including 17.92 g/t from the blue quartz vein, 12.97 g/t in blue quartz with visible gold, and 6.09 g/t Au in gossanous quartz veins at Golden Horseshoe. The company is optimistic about the potential for further gold discoveries and is planning drill programs to test the new high-grade vein extensions as part of ongoing systematic evaluation.

Executive Commentary on Muriel Tank Gold Project

Many of these excellent gold results are from new vein areas not previously explored, demonstrating the upside potential of Muriel Tank. The historical goldfield covers a sizable area, and previous drilling was very patchy, often intersecting underground stopes, which we believe was not effective. With international gold prices at a high and the proximity of Muriel Tank to current processing infrastructure suitable for gold recovery, we are eager to commence a systematic exploration program for new gold mineralisation. In addition to Muriel Tank, we are advancing several priority targets in our pipeline, which we believe have the potential to deliver new copper and gold discoveries. All of these assets reside in the highly endowed, Cobar region close to established operations and processing facilities.

Summary of Muriel Tank Gold Project Update

The recent rock chip and mapping results from the Muriel Tank gold project have unveiled high-grade gold extensions, indicating significant potential for further gold discoveries. Helix Resources is optimistic about the outlook for the project, especially considering the record global gold prices and the construction of a gold processing plant at the nearby Mt Boppy Gold Mine. The company sees an excellent opportunity to make further gold discoveries, which could potentially be trucked to regional processing plants. Ongoing exploration efforts, including drill programs and systematic evaluation, are aimed at defining new drill targets and advancing the company's pipeline of priority targets for potential copper and gold discoveries in the highly endowed Cobar region.