S2 Resources Ltd. · ASX:S2R
S2 Resources — Bell Potter Unearthed Virtual Conference 2025
37 slides from S2 Resources's conference presentation, Feb 10, 2025
Slide 1: Kicking off 2025 with exploration on multiple fronts
Kicking off 2025 with exploration on multiple fronts 10 February 2025 Bell Potter Unearthed Virtual Conference
Slide 2: Competent Person and Forward Looking Statement
COMPETENT PERSON AND FORWARD LOOKING STATEMENT This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This pr
Slide 3: S2 Corporate Metrics
S2 CORPORATE METRICS SHAREHOLDERS 5 YEAR SHARE PRICE CHART TOP 20 HOLDERS: 53.8% FINANCIALS CAPITAL STRUCTURE Cash1 A$3.47M Shares on issue 452.86M NOTES 1. Cash at 31st December 2024 TX3 shareholding2 A$0.04M Options on issue4 46.00M 2. 38M shares in Trinex Minerals (ASX:TX3) @ A$0.001/share 3. 14.
Slide 4: Summary
SUMMARY Doing what most don’t: • Ambitious greenfields exploration seeking the next BIG ONE • Multiple projects provide tactical optionality • Target identification + disciplined drill testing = constant turnover • Continually refreshing portfolio with new opportunities • Monetising and/or maintaini
Slide 5: Project Locations
PROJECT LOCATIONS Gold Gold-copper Copper-nickel-PGE Multiple commodities West Murchison Jillewarra Koonenberry Warraweena Glenlogan Central Victoria Greater Fosterville 5
Slide 6: Project Status
PROJECT STATUS Gold Gold-copper Copper-nickel-PGE Multiple commodities Multiple Julimar-style Cu- Ni-Pd-Pt-Au soil anomalies Smorgasbord of multi- defined in 2024 – to be commodity targets: gravity tested in 2025 completed in 2024 – initial recon drilling in Q2 2025 Warraweena West Murchison Porphyr
Slide 7: West Murchison (S2 100%)
WEST MURCHISON (S2 100%) BIG NEW SOIL ANOMALIES IN THE NEW WEST YILGARN Ni-Cu-PGE PROVINCE Ultrafine soil sampling in 4 target areas Significant soil anomalies identified over three of these areas (yellow ellipses) Each has significant Cu-Ni-Pd-Pt-Au anomalism over area of 3-4km strike Each is assoc
Slide 8: West Murchison: Woodrarung big copper anomaly
WEST MURCHISON (S2 100%) WOODRARUNG – BIG COPPER ANOMALY WITH INTERNAL Ni-Pt-Pd-Au HOTSPOT Broad 4,000m long copper anomaly (yellow ellipse) straddling NW-SE striking structural discontinuity (red dashed line) Internal 1,200m long coincident zone of Ni, Cr, Pt, Pd, Au anomalism (white ellipse) direc
Slide 9: West Murchison: Yalgamine soil anomaly, a Nova look-alike
WEST MURCHISON (S2 100%) YALGAMINE SOIL ANOMALY – A NOVA LOOK-ALIKE 2,500m long Ni-Cr anomaly Ellipse is 2,500m long adjacent to eye-like magnetic feature Discrete Cu-Au-Pt-Pd anomaly on margin of eye-like magnetic feature This may look small but sampling is on 400m x 80m grid! Circle is 500m across
Slide 10: Comparison of Yalgamine & Nova mag eyes and copper anomalism
WEST MURCHISON (S2 100%) COMPARISON OF YALGAMINE & NOVA MAG EYES AND COPPER ANOMALISM Same-scale comparison of Yalgamine (LHS) with original soil anomaly over Nova (RHS) from December 2011 Sirius presentation 10
Slide 11: West Murchison: Whitehurst soil anomaly
WEST MURCHISON (S2 100%) WHITEHURST SOIL ANOMALY – MULTIPLE HOTSPOTS Cluster of three Ni-Cr-Cu-Au-Pt- Pd anomalies Each anomaly measures 500- 1,500m long Next step is field mapping, geophysics and recon drilling 11
Slide 12: Jillewarra Joint Venture (S2 earning up to 70%)
JILLEWARRA JOINT VENTURE (S2 EARNING UP TO 70%) VIRGIN STRUCTURE ALONG STRIKE FROM BIG BELL & NEVER NEVER At a district scale the Karbah shear zone controls the location of Westgold’s Big Bell gold mine and Spartan’s Dalgaranga (Never Never) gold discoveries 36km of strike strike of this shear zone
Slide 13: New Central Victorian Gold JV (S2 earning 80%)
NEW CENTRAL VICTORIAN GOLD JV (S2 EARNING 80%) YEUNGROON, SILVER SPOON & BALLARAT WEST Earning 80% interest in three projects by spending $1.2m within 4 years Projects comprise Yeungroon, Silver Spoon and Ballarat West Complement existing project at Greater Fosterville Provide tactical flexibility/o
Slide 14: Yeungroon: three soil / aircore hotspots
NEW CENTRAL VICTORIAN GOLD JV (S2 EARNING 80%) YUENGROON: THREE SOIL / AIRCORE HOTSPOTS Yeungroon contains three target areas Aircore drilling has started at O’Connors, where previous shallow aircore has defined consistent Au-As anomalies associated with a major structure and along strike from the S
Slide 15: Yeungroon: >3km long As-Au aircore anomaly at O'Connors
NEW CENTRAL VICTORIAN GOLD JV (S2 EARNING 80%) YUENGROON: >3KM LONG As-Au AIRCORE ANOMALY AT O’CONNORS * access agreements are a prerequisite to undertaking exploration activities on freehold land and are not guaranteed 15
Slide 16: Yeungroon: extensive As-Au aircore anomaly at Golden Jacket
NEW CENTRAL VICTORIAN GOLD JV (S2 EARNING 80%) YUENGROON: EXTENSIVE As-Au AIRCORE ANOMALY AT GOLDEN JACKET * access agreements are a prerequisite to undertaking exploration activities on freehold land and are not guaranteed 16
Slide 17: Multiple As soil anomalies north of Wedderburn Goldfield
NEW CENTRAL VICTORIAN GOLD JV (S2 EARNING 80%) MULTIPLE As SOIL ANOMALIES NORTH OF WEDDERBURN GOLDFIELD * access agreements are a prerequisite to undertaking exploration activities on freehold land and are not guaranteed 17
Slide 18: Greater Fosterville (S2 100%)
GREATER FOSTERVILLE (S2 100%) 18
Slide 19: The tender blocks and the importance of Block 4
GREATER FOSTERVILLE (S2 100%) THE 4 TENDER BLOCKS – AND THE IMPORTANCE OF BLOCK 4 N AGNICO MINING LEASE 19
Slide 20: Goornong prospect relative to Fosterville mine
GREATER FOSTERVILLE (S2 100%) GOORNONG PROSPECT RELATIVE TO FOSTERVILLE MINE Composite long projection showing: • Intensity of drilling and distribution of grade on Agnico’s Fosterville mine lease • Lack of drilling on S2’s side of the boundary • Note that this is composite and mineralisation is on
Slide 21: Goornong prospect - first cab off the rank
GREATER FOSTERVILLE (S2 100%) GOORNONG PROSPECT - FIRST CAB OFF THE RANK The most obvious place to start was where Kirkland Lake (now Agnico Eagle) left off At Goornong a favourable target zone is interpreted to plunge south from a historic oxide resource The target comprises a south plunging corrid
Slide 22: Goornong prospect – early drilling success
GREATER FOSTERVILLE (S2 100%) GOORNONG PROSPECT – EARLY DRILLING SUCCESS The first 6 holes (1-6) have defined the overall framework, but with so many intercepts it was not possible to join the dots The next 2 holes (7 & 8) have tested the defined framework They have successfully identified a discret
Slide 23: Goornong prospect – the Blackadder Fault defined
GREATER FOSTERVILLE (S2 100%) GOORNONG PROSPECT – THE BLACKADDER FAULT DEFINED Blackadder fault strikes Photos of slides from a recent NNE, dips W, plunges N Agnico presentation showing the fault architecture at their Robbins Defined by intercepts in 4 Hill mining area – the Blackadder holes: Fault
Slide 24: Beyond Goornong
GREATER FOSTERVILLE (S2 100%) BEYOND GOORNONG …but Goornong/Blackadder is only one prospect of many Rather than over-invest, concentrate risk, and be slowed down we are spreading our wings and reverting to earlier stage (=cheaper) work over several prospects Soil geochemistry and induced polarisatio
Slide 25: Glenlogan: outstanding copper-gold target
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS S2 can earn <80% interest by spending A$6 million in 5 years Project is located in the Lachlan Fold Belt of central NSW District contains multiple Tier 1 copper and/or gold mines with a combined known endowm
Slide 26: Glenlogan: RTP magnetics bullseye anomaly
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS RTP magnetics showing bullseye high with peripheral low LHS: Reduced-to-the-pole magnetics showing large central bullseye anomaly surrounded mag low halo RHS upper: 3D mag inversion model showing planned tra
Slide 27: Glenlogan: schematic 3D block diagram
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS Schematic 3D isometric block diagram showing: Schematic 3D isometric block diagram showing: • surface mag anomaly as seen in RTP processed aeromagnetics • interpreted Ordovician and post-Ordovician stratigra
Slide 28: Glenlogan: first hole results
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS First hole (SGLD0001W1) drilled to 1,354.7m Hit source of magnetic anomaly – so tested the magnetic target: the wrong rock, no copper or gold BUT… In so doing, hit propylitic alteration, red rock alteration,
Slide 29: Glenlogan: core photos and downhole geochemistry
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS Core photos showing (L to R): Downhole geochemistry traces showing increase in key elements associated with • Propylitic (Qtz-Chlor-Py) alteration swarm of quartz diorite porphyry dykes in • Intense Epid-Chl
Slide 30: Glenlogan: IP and MT geophysical surveys
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS Tensor induced polarisation and magnetotelluric geophysical surveys have just been Illustrative figure showing completed – results awaited search space where geophysics may detect the signature of mineralisa
Slide 31: Warraweena: most anomalous heavy mineral sample in Australia
WARRAWEENA (S2 EARNING 70%) THE MOST ANOMALOUS HEAVY MINERAL SAMPLE IN AUSTRALIA Recently published Heavy The sample collected in the Mineral Map of Australia Warraweena drainage showing the concentration catchment contains 10x of pentlandite, chalcopyrite more pentlandite and the and sphalerite in
Slide 32: Warraweena: a smorgasbord of target styles
WARRAWEENA (S2 EARNING 70%) A SMORGASBORD OF TARGET STYLES S2 can earn a 70% interest in EL9269 by spending A$2.7 million by July 2027 Surrounding EL applications are 100% S2 Target geology is concealed beneath two layers of cover – younger rocks and alluvial sediments of the upper Darling River cat
Slide 33: Warraweena: enticing existing geophysics
WARRAWEENA (S2 EARNING 70%) ENTICING EXISTING GEOPHYSICS Approx extent of gravity survey Approx extent of gravity survey Project area contains distinct magnetic and gravity anomalies hidden beneath two layers of cover (younger rocks + Darling basin alluvium) A distinct NE trending gravity high sugge
Slide 34: Warraweena: new detailed gravity identifies targets
WARRAWEENA (S2 EARNING 70%) FIRST STEP DONE – NEW DETAILED GRAVITY IDENTIFIES SPECIFIC TARGETS Old regional gravity (LHS) New detailed gravity (RHS) New detailed gravity has highlighted linear highs and discrete bodies = denser stratigraphy and denser intrusions 34
Slide 35: Warraweena: multiple buried targets ready for drill testing
WARRAWEENA (S2 EARNING 70%) MULTIPLE BURIED TARGETS NOW READY FOR DRILL TESTING Integration of gravity with Targets over new detailed gravity Targets over magnetics magnetics shows three distinct target types: 1. Gravity high + magnetic high/low bullseye = dense (or shallow) and magnetic source: - m
Slide 36: Finland – Status
FINLAND – STATUS S2 owns ~44% of Valkea Resources (formerly Outback Goldfields, TSXV:OZ) as a result of the sale of S2’s Finnish subsidiary, Sakumpu, to Valkea Valkea is now exploring S2’s former Finnish ground Valkea has recently completed a follow up diamond drilling program at the Aarnivalkea gol
Slide 37: Contact Us
CONTACT US Level 14, 333 Collins Street, Melbourne, VIC 3000, Australia Telephone: +61 8 6166 0240 Facsimile: +61 8 6270 5410 Email: admin@s2resources.com.au
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