Slide 1: Exploration update presentation
Exploration update presentation 19th August 2019
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: Introduction
Introduction S2’s aim is to make a significant discovery, retain 100% ownership, and be master of its own destiny to ensure shareholders get maximum benefit in the event of success The big prizes are in terrains that are not easy (ie, not cheap or quick) so exploration for them requires an approach
Slide 4: High impact programs underway, more to come
High impact programs underway, more to come FINLAND Major reconnaissance drilling program underway at Aarnivalkea gold prospect with early encouraging assay results First drilling underway at Aakenusvaara gold prospect with highly encouraging visual results Ground containing magmatic nickel–copper s
Slide 5: Aarnivalkea gold
Aarnivalkea gold Large target based on large ionic leach geochemical anomaly in glacial till and gravity gradient (major structure?) Follow up base of till drilling identified coherent trend of strongly gold-arsenic anomalous end of hole rock chip samples Initial wide spaced recon diamond drilling h
Slide 6: Aarnivalkea gold
Aarnivalkea gold Large target based on large ionic leach geochemical anomaly in glacial till and gravity gradient (major structure?) Follow up base of till drilling identified coherent trend of strongly gold-arsenic anomalous end of hole rock chip samples Initial wide spaced recon diamond drilling h
Slide 7: Aarnivalkea gold
Aarnivalkea gold Large target based on large ionic leach geochemical anomaly in glacial till and gravity gradient (major structure?) Follow up base of till drilling identified coherent trend of strongly gold-arsenic anomalous end of hole rock chip samples Initial wide spaced recon diamond drilling h
Slide 8: Aarnivalkea gold
Aarnivalkea gold Large target based on large ionic leach geochemical anomaly in glacial till and gravity gradient (major structure?) Follow up base of till drilling identified coherent trend of strongly gold-arsenic anomalous end of hole rock chip samples Initial wide spaced recon diamond drilling h
Slide 9: Aakenusvaara gold
Aakenusvaara gold Ineffectively drilled by Outokumpu in the 1980’s, despite shallow intercepts of up to 11m @ 9.6g/t gold Gold is associated with sulphide, breccia and albite alteration zones, here and also at the Saattopora copper-gold mine, 3km along strike Exploration Licence granted to S2 last m
Slide 10: Aakenusvaara gold
Aakenusvaara gold Ineffectively drilled by Outokumpu in the 1980’s, despite shallow intercepts of up to 11m @ 9.6g/t gold Gold is associated with sulphide, breccia and albite alteration zones, here and also at the Saattopora copper-gold mine, 3km along strike Exploration Licence granted to S2 last m
Slide 11: Ruopas nickel-copper-platinum
Ruopas nickel-copper-platinum Exploration Licence application fast-tracked for the area containing the first Ruopas magmatic sulphide target Target comprises a new 350m long EM conductor associated with nickel, copper, cobalt and palladium anomalism in historic BOT drilling Seeking a magmatic Ni-Cu
Slide 12: Ruopas nickel-copper-platinum
Ruopas nickel-copper-platinum Exploration Licence application fast-tracked for the area containing the first Ruopas magmatic sulphide target Target comprises a 350 metre long EM conductor associated with nickel, copper, cobalt and palladium anomalism in historic BOT drilling Seeking a magmatic Ni-Cu
Slide 13: Ruopas nickel-copper-platinum
Ruopas nickel-copper-platinum Exploration Licence application fast-tracked for the area containing the first Ruopas magmatic sulphide target Target comprises a 350 metre long EM conductor associated with nickel, copper, cobalt and palladium anomalism in historic BOT drilling Seeking a magmatic Ni-Cu
Slide 14: Ruopas nickel-copper-platinum
Ruopas nickel-copper-platinum Exploration Licence application fast-tracked for the area containing the first Ruopas magmatic sulphide target Target comprises a 350 metre long EM conductor associated with nickel, copper, cobalt and palladium anomalism in historic BOT drilling Seeking a magmatic Ni-Cu
Slide 15: Polar Bear nickel
Polar Bear nickel First drilling by S2 to follow up the Gwardar nickel prospect has intersected encouraging nickel sulphides Results confirm the presence of a substantial sulphide-bearing lava channel only drilled to a relatively shallow depth, with best intercepts in the deepest hole to date - furt
Slide 16: Polar Bear nickel
Polar Bear nickel First drilling by S2 to follow up the Gwardar nickel prospect has intersected encouraging nickel sulphides Results confirm the presence of a substantial sulphide-bearing lava channel only drilled to a relatively shallow depth, with best intercepts in the deepest hole to date - furt
Slide 17: Polar Bear nickel
Polar Bear nickel First drilling by S2 to follow up the Gwardar nickel prospect has intersected encouraging nickel sulphides Results confirm the presence of a substantial sulphide-bearing lava channel only drilled to a relatively shallow depth, with best intercepts in the deepest hole to date - furt
Slide 18: Fraser Range nickel-copper
Fraser Range nickel-copper S2 is the successful applicant for three highly contested ground releases in the Fraser Range Three large exploration licences are now in the application stage, likely to be granted later in the year This heralds the return of the original Sirius team to the Fraser Range,
Slide 19: Nevada gold
Nevada gold Earning 70% of a highly prospective property located in the heart of the Cortez Hills district of Nevada The property adjoins Barrick’s claims which contain the Pipeline (22Moz), Cortez Hills (15Moz) and Goldrush (12Moz) deposits Barrick is drilling the Robertson deposit, situated close
Slide 20: Nevada gold
Nevada gold Earning 70% of a highly prospective property located in the heart of the Cortez Hills district of Nevada The property adjoins Barrick’s claims which contain the Pipeline (22Moz), Cortez Hills (15Moz) and Goldrush (12Moz) deposits Barrick is drilling the Robertson deposit, situated close
Slide 21: Corporate
Corporate Well funded & managed: Cash + investments* A$13.5m Debt Nil Favourable capital structure: Shares on issue 247.9m Options on issue (av. exercise price A$0.35) 53.4m Market capitalisation (@ A$0.14/share) A$34.7m Enterprise value A$21.2m Strong shareholder base: Top twenty shareholders 60.9%
Slide 22: Appendix
Exploration update presentation 19th August 2019 Appendix
Slide 23: Finland: endowment, prospectivity and opportunity
Finland: endowment, prospectivity and opportunity Gold potential: all well explored (mature) gold belts show a Magmatic copper-nickel-PGM potential: Kevitsa mine (Boliden) similar number and size distribution of gold deposits and now the large Sakatti discovery (Anglo American): Abitibi: 39 deposits
Slide 24: Table of new drill intercepts from Aarnivalkea
Table of new drill intercepts from Aarnivalkea Previous and new drilling results Hole FAVD0001 Easting 418381 Northing 7552400 RL 245 Dip -60 Azimuth 270 Depth 95.2 From 16.08 To 16.71 Width 0.63 Grade Au g/t 2.0 from Aarnivalkea and 23.66 27.00 3.34 1.3 including 23.66 24.36 0.70 4.6 FAVD0002 41834