Strickland Metals Ltd · ASX:STK
Strickland Metals — Investor Presentation (September 2021)
23 slides from Strickland Metals's investor presentation, Sep 21, 2021
Slide 1: Investor Roadshow announcement
Strickland Metals Limited Postal & Registered Office ACN 109 361 195 +61 (2) 8316 3991 info@stricklandmetals.com.au Suite 8, 7 The Esplanade www.stricklandmetals.com.au Mt Pleasant WA 6153 21 September 2021 For personal use only INVESTOR ROADSHOW Strickland Metals Limited (ASX:STK) (Company) is plea
Slide 2: Unlocking the North Eastern Flank of the Yandal Belt
‘Unlocking the North Eastern Flank of the Yandal Belt’ For personal use only 1 Overview of Current Exploration Programs Investor Update | September 2021 | Andrew Bray, Chief Executive Officer
Slide 3: Disclaimer
Disclaimer For personal use only Forward Looking Statements: This presentation has been prepared by Strickland Metals Limited (STK). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from th
Slide 4: A complete reset for the Company in April 2021
For personal use only ✓New, highly experienced and credible Board and Management Team A complete ✓Balance sheet repair reset for the ✓Refocus on Yandal Belt – an outstanding gold Company in exploration project April 2021 ✓Significant M&A activity: Attributable Yandal resource base grown from ~150K o
Slide 5: Board
Anthony McClure Highly experienced executive and geologist; ex (Non Executive Chairman) Nickel Mines Ltd, Bolnisi Gold NL, European Gas Ltd; For personal use only current Managing Director Silver Mines Ltd Mark Cossom Current Managing Director Gateway Mining Ltd; (Non Executive Director) formerly Do
Slide 6: Key Management
For personal use only Andrew Bray 10+ years in formation, financing and (CEO) development of natural resource companies, incl Gateway Mining Ltd, Silver Mines Ltd, Futura Resources Ltd amongst others Peter Langworthy Highly respected geologist; previous director (Technical Consultant) Gateway Mining
Slide 7: 2021 Timeline to date – busy six months
For personal use only 2021 Timeline to date – busy six months 1 April 12 April 10 May 9 June 23 June 9 Sept Previous Board Appointment of Appointment of Acquired RNX’s $12m capital 8,500m RC resigns and new technical Mark Cossom Yandal project raise ($8m drilling new team and (ex-manager of (immedia
Slide 8: Resource Growth (oz Au)
Resource Growth (oz Au) For personal use only 1 April to 30 June 700,000 Resource Growth 600,000 this year 500,000 _ 400,000 Over 600k oz Au 300,000 200,000 100,000 0 STK's Share of STK/SLR JV STK Acquires SLR JV Interest Millrose acquisition 7 www.stricklandmetals.com.au
Slide 9: Capital Structure
For personal use only Capital Structure Shares Currently on issue 1,080,633,004 New Board and Management appointed Options and Performance Rights STKOA 186,707,250 Ex $0.036; expiry May 2024 Performance rights 41,000,000 issued on 10c & 20c price hurdles Other options 56,100,000 various expiry dates
Slide 10: Yandal consolidation
For personal use only Yandal consolidation • Prior to our involvement, the main players were STK, SLR, RNX, Millrose and Northern Star (NST) • After recent M&A activity between Apr – June 2021, now only STK and Northern Star left on this part of the belt • Very substantial gold system – over 100km o
Slide 11: Resource Base
For personal use only Indicated Inferred ALL CATEGORIES PROJECT PROSPECT GRADE Contained GRADE Contained GRADE Contained TONNES TONNES TONNES (g/t) Metal (oz) (g/t) Metal (oz) (g/t) Metal (oz) Resource Base Millrose TOTAL Millrose 4,300,000 4,300,000 1.90 1.90 264,000 1,700,000 264,000 1,700,000 1.5
Slide 12: Millrose Overview
Millrose Overview For personal use only 11 www.stricklandmetals.com.au
Slide 13: Millrose Project Overview
For personal use only Mineral Estimate carried out in 2016 by CSA Global Millrose Project Overview Tonnes Grade Contained Metals Category (Mt) Au (g/t) Au (oz) Millrose Gold and Millrose East: Indicated 4.3 1.9 264,000 • Nine exploration licenses and one mining lease application covering over 600km2
Slide 14: Millrose Long Section
Millrose Long Section For personal use only 13 www.stricklandmetals.com.au
Slide 15: Millrose Exploration Upside
Millrose Exploration Upside For personal use only • Outstanding opportunity to rapidly add gold ounces • Mineralisation remains open along strike and at depth • ‘Gap’ in between the north and south deposits not included in past resource calculations • 3km of combined strike north and south – histori
Slide 16: Millrose Drilling Plan
Millrose Drilling Plan: For personal use only ▪ Infill drilling of the ‘gap’ between the southern and northern resource domains with RC drilling. The position is prospective for both supergene and primary gold. ▪ Along strike extensions to the north and south as identified in the geophysical and geo
Slide 17: Moving from Millrose to Dusk til Dawn
For personal use only Moving from Millrose to Dusk til Dawn 16 www.stricklandmetals.com.au
Slide 18: Dusk til Dawn – current drilling
Dusk til Dawn – For personal use only current drilling • 108,900 oz Au resource • Resource believed to have been previously incorrectly modeled • Now believe there is a south east plunge • Mineralisation remains entirely open at depth • Historic results include: • DDRC014: 13 metres @ 8.8 g/t Au fro
Slide 19: Dusk til Dawn region
Dusk til Dawn region For personal use only • Major alteration corridors coincident with gold anomalism identified (biotite-calcic plagioclase-K feldspar-quartz-pyrite) • Alteration assemblage indicative of significant fluid flow (i.e. potential for a very large gold system) • Multiple regional Dusk
Slide 20: Moving from Dusk til Dawn to Iroquois
For personal use only Moving from Dusk til Dawn to Iroquois 19 www.stricklandmetals.com.au
Slide 21: Iroquois – Zn-Pb
Iroquois – Zn-Pb For personal use only • Directly along strike from Rumble Resources Ltd’s major Zn-Pb discovery • Same mineralisation intersected in historic drilling • Last drilling occurred over a decade ago • Five initial holes to be drilled as part of current RC program • Shallow Zn-Pb minerali
Slide 22: Plans for remainder of 2021 and beyond
For personal use only • Current 15,000m aircore program nearing completion Plans for • 8,500m RC program underway – completion in Dec remainder of 2022 2021 and • Aircore, RC and diamond Millrose resource beyond… extensional drilling to begin in January 2022 • RC drilling of follow up targets from c
Slide 23: Thank you
For personal use only Thank you. Investor Update | September 2021 | Andrew Bray, Chief Executive Officer 22
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