Helix Resources Limited announced that limited first-pass geochemical sampling along a relatively small portion of the Collerina Trend, prospective for lateritic cobalt, has returned significant and high-grade cobalt assay results. In particular, two very high grade assays were returned from samples collected from: Laterite rock float near the Max's Folly Prospect (1.2% Co, 0.8% Ni); and Laterite nodules from the Widgelands Trend area (0.9% Co, 0.6% Ni). Rock chips collected during regional mapping undertaken in late December 2017 have returned up to 1.2% cobalt from samples collected from lateritic rock float and lateritic sub-crop along a 6 kilometre portion of the prospective trend. Significantly, of the 11 samples targeting areas prospective for lateritic cobalt, 6 samples returned better than 0.2% Co. The geochemical sampling and geological mapping was undertaken following the recent completion of a regional review during the December 2017 quarter, including an assessment of historical drilling and evaluation of geophysical data. This review identified several target areas that are being assessed and prioritised. Historic results from shallow RC and aircore drilling undertaken in 1999/2000 include: 40m @ 0.06% Co, 1.0% Ni, including 6m @ 0.13% Co, 1.0% Ni from surface in TORC038 and 7m @ 0.15% Co, 0.7% Ni from 27m, including 1m @ 0.46% Co, 1.1% Ni from 30m in TORC064. These drill intercepts remain open in several directions.