Strickland Metals Ltd · ASX:STK
Strickland Metals — Investor Presentation (June 2021)
20 slides from Strickland Metals's investor presentation, Jun 28, 2021
Slide 1: Unlocking the North Eastern Flank of the Yandal Belt
For personal use only Unlocking the North Eastern Flank of the Yandal Belt 1 www.stricklandmetals.com.au info@stricklandmetals.com.au
Slide 2: 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 3: A complete reset for the Company
For personal use only ✓New, highly experienced and credible Board and Management Team ✓Balance sheet repair A complete reset for the ✓Refocus on Yandal Belt – an outstanding gold exploration project Company ✓Significant M&A activity: Attributable Yandal resource base grown from ~150K oz to over 600K
Slide 4: 2021 Timeline to date – busy three months
For personal use only 2021 Timeline to date – busy three months 1 Apr. 12 Apr. 10 May 9 June 23 June Previous Board Appointment of new Appointment of Mark Acquired RNX’s $12m capital raise resigns and new technical team and Cossom Yandal project (funding secured) appointments made management (ex-man
Slide 5: Resource Growth (oz Au) April to June
Resource Growth (oz Au) For personal use only 1 April to 30 June 700,000 Resource Growth 600,000 over 3 months 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 5 www.stricklandmetals.com.au info@stricklandmetals.c
Slide 6: Capital Structure
Shares: For personal use only Capital Structure Currently on issue 735,252,534 Acquisition from RNX 40,000,000 yet to be issued Capital Raise July 2021 305,036,077 Max. issued under capital raising Total 1,080,288,611 Options: Current on issue 234,650,507 Underwriter options 20,000,000 to be issued
Slide 7: 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 8: 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 9: 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 over previous 2.5 months, now only STK and Northern Star left on this part of the belt • Very substantial gold system – over 100km
Slide 10: Updated Resource Base
For personal use only Indicated Inferred ALL CATEGORIES Updated PROJECT PROSPECT TONNES GRADE (g/t) Contained Metal (oz) TONNES GRADE (g/t) Contained Metal (oz) TONNES GRADE (g/t) Contained 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
Slide 11: Millrose Overview – Recent Acquisition
For personal use only Millrose Overview Recent Acquisition 11 www.stricklandmetals.com.au info@stricklandmetals.com.au
Slide 12: 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 13: Millrose Gold: Key Acquisition Terms
Key acquisition terms: For personal use only • AUD1m cash upon signing the Binding Term Sheet (Initial Payment) and announced to the ASX (already paid) • AUD5m cash within 3 months of the Initial Payment (Second Payment) • AUD4m within 3 months of the Second Payment (Third Millrose Gold: Payment) •
Slide 14: Major Exploration Planned
For personal use only Major Exploration Planned Coming 18 months: • 100,000m aircore drilling (360km) • 30,000 RC drilling Timing: • 5,000m RC & diamond drilling commencing August 2021 • Aircore rig full time from October 2021 until December 2022 • 25,000m RC drilling from March – Dec 2022 First tim
Slide 15: Horse Well Summary
For personal use only Horse Well Summary • Outstanding project that has been “left on the shelf” for last 8 years by Alloy/Strickland • STK moved to 100% ownership in May • Most historic drilling centred on the Horse Prospects • Outstanding drill targets: • Big Daddy Prospect – 8km section of shear
Slide 16: Horse Well Existing Inferred Resource
Horse Well Existing Inferred Resource For personal use only Year Area Category Tonnes Grade (g/t) Ounces 2015 Filly Inferred 206,000 1.3 8,700 2019 Warmblood Inferred 788,000 2.1 53,900 Palomino Inferred 930,400 2.3 68,300 Filly SW Inferred 302,400 1.8 17,200 Dusk til Dawn Inferred 3,495,600 1.0 108
Slide 17: Horse Well – Big Daddy Prospect
For personal use only Horse Well Big Daddy Prospect • Huge gold system • Very wide spaced aircore – mostly 800m x 160m • Two significant trend (8km and 7km respectively) of gold in soil anomalies associated with the Celia Shear • Multiple granite intrusives with associated gold • Multiple gold in so
Slide 18: Horse Well – Dusk til Dawn Granite Contact
For personal use only Horse Well Dusk til Dawn Granite Contact • Substantial gold mineralised system on the granite contact • Historic drilling likely drilled oblique to the mineralisation • DDRC001 65m @ 2.6g/t Au incl 13m @ 8.17g/t Au • DDRC004 16m@ 7.2g/t Au incl 6m @ 16.3g/t Au • 90%+ of the gra
Slide 19: One final kicker…
For personal use only One final kicker….. • Rumble Resources Ltd (ASX:RTR) announced major Zn- Pb discovery to the immediate north of Horse Well • 34m @ 4.22% Zn+Pb from 66m* • 21m @ 4.31% Zn+Pb from 61m* (*RTR Ann 19th April 2021) Rumble Resources’ • Over 40km of strike on RTR ground Earaheedy Proj
Slide 20: Plans for 2021 and beyond…
For personal use only • Complete review of the other projects in the Plans for 2021 portfolio and beyond… • MAJOR DRILLING PROGRAMS OVER THE ENTIRE NORTH-EAST FLANK OF THE YANDAL BELT 20 www.stricklandmetals.com.au info@stricklandmetals.com.au
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