NO CONFIDENCE, MR MARKET., page-19

On 12 March 2020 shareholders were told:

“The search for a new Managing Directorwill be progressed in parallel with completion of the current Collerinaexploration program. This individual will be tasked with taking Helix forwardstrategically and operationally, as well as further enhancing its broaderindustry and equity market interactions.”

Q: How’s this progressing?

On 31 January 2020 shareholders were told:

“Samuel Project – Chile

❑ A 1250m fully JOGMEC fundedDDH drilling program recently completed at Samuel Project. JOGMEC has approvedadditional US$315,000 budget to the end of March 2020.

❑ Comprised an 800m, first everdeep hole, testing a large copper porphyry target in the southern portion ofthe Project area, and a 450m hole testing copper mineralisation prospective forManto or IOCG-style copper systems.

❑ Drilling has intersectedcopper bearing sulphides and strong alteration, in favourable geologicalsettings in both holes. Core has recently been logged, photographed and cut forassay. Results are pending”

.. and on 30 April 2020 shareholders were further told:

“Samuel Project – ChileJapanese organisation and JV Partner JOGMEC funded a further 1,250m drillingprogram from a budget of US$435,000 (AUD$640,000). The drilling targetedremaining targets from the Stage 2 program. The JV Management Committee willmeet via video conference at the end of April to review the results from theentire Stage 2 program. No fieldwork is expected during the next quarter duesimilar COVID19 travel restrictions for Japan and Chile, with a care andmaintenance budget expected to be agreed for the June quarter.”

Q: Why have the drilling results not been reported?

Q: Why has the market not been updated following the JV Meeting?