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About Helix Resources

Helix Resources Limited (ASX Code:HLX) was listed on the Australian Stock Exchange [ASX] in 1986 and is focused on acquiring and developing assets within the bulk commodities, base metals and precious metals sectors.

The Helix strategy is:

• acquire large tenement holdings in the prospective exploration regions of Australia
• use of leading edge exploration methodologies and techniques under the guidance of a skilled Board and Management team
• create shareholder wealth whilst managing risks

Helix’s most significant development asset is the Yalleen Iron Ore Project joint ventured with API Management Pty Ltd (50% Aquila Resources, 50% AMCI) situated in the Robe Valley in the West Pilbara region of Western Australia. The project has an inferred and indicated resource estimate of 84.3Mt channel iron ore with exploration upside. Helix is contributing 30% of funding and recognises the benefits of a partnership with a focused, well funded project manager and JV partner to advance this project.

Helix also has exposure to 0.8 Million oz of gold at the Tunkillia JV in South Australia and during 2009 the Company has accumulated significant landholdings in the Cobar/Girilambone region of NSW and the Eastern succession of the Mt Isa region in QLD. Both areas are prospective for gold and copper with operating mines and nearby infrastructure. Copper and gold targets in the Cobar/Girilambone region will be the Company’s main exploration focus in the first half of 2010.

Helix has sufficient funds to carry out its exploration and development programs, whilst maintaining a watching brief on acquisition opportunities that may arise in 2010/2011.