S2 Resources Ltd. · ASX:S2R
S2 Resources — Shareholder Meeting (October 2017)
30 slides from S2 Resources's shareholder meeting presentation, Oct 17, 2017
Slide 1: Annual General Meeting presentation
Annual General Meeting presentation Mark Bennett, Managing Director, Perth, 17th October 2017 RIU Resources Roundup, Sydney, 10th May 2017
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: A few important points
A few important points Our objective is to reward shareholders with significant returns on their investment We aim to do this by discovery and identification of early stage opportunities - and development of these if they are financially and technically robust This requires a patient, strategic appr
Slide 4: Positioning for success
Positioning for success 2017 has been a year of quiet achievement and strategic positioning for success Strategy requires silence and patience. Success requires money, people, projects and persistence Money We have maintained a strong balance sheet, with cash and investments of A$22.2 million* (more
Slide 5: Money
Money Our aim is to ensure we maintain the financial capacity to explore aggressively with minimal need for additional equity funding, to preserve our capital structure for the benefit of our shareholders in the event of success We are well positioned to achieve this, with a strong balance sheet, co
Slide 6: People: board of directors
People: board of directors Our board has a highly successful track record and a wide range range of skill sets, spanning exploration, finance, feasibility studies, M&A, mine development, markets, governance, audit and legal Jeff Dowling - Non-executive Chairman • 40 year career in financial sector a
Slide 7: People: management
People: management Tony Walsh – Acting Company Secretary (during Anna Neuling’s parental leave) • ASX manager for 14 years, including liaison between ASX and JORC commitee • Former chairman & director, and current company secretary of various listed companies (Atlas Iron, IGO, Battery Minerals, Lege
Slide 8: Projects
Projects Central Lapland Greenstone Belt (gold) Ecru (Carlin-style gold) Skellefte (polymetallic VMS) Pluto (Carlin- style gold) South Roberts (Carlin-style gold) Polar Bear (gold & nickel) 6
Slide 9: Nevada, USA
Nevada, USA Nevada is 4th in the Fraser Institute’s 2016 worldwide ranking of mining jurisdictions 7
Slide 10: Why Nevada?
Why Nevada? Nevada is the 5th largest gold producer in the world, and hosts “monster” Carlin-style gold deposits High grade (suitable for underground mining) and low grade bulk tonnage (suitable for open pit mining and heap leaching): Deposit Total Mineral Resources* Total Ore Reserves* Total Invent
Slide 11: Nevada: three earn-ins, one partner
Nevada: three earn-ins, one partner • Single deal with TSXV listed Renaissance Gold to earn in to 3 separate properties on identical terms • Renaissance Gold is a “prospect generator” company managed by the personnel behind the discovery of the Long Canyon deposit, ultimately bought by Newmont for U
Slide 12: Pluto, Nevada: the concept
Pluto, Nevada: the concept The Antler sequence is a limestone unit that formed on the flank of a carbonate platform which trended N-S (see distribution on map) Older rocks (Havallah sequence) have been thrust over it, and these form a seal (like an oil trap) It is a favourable host rock for Carlin-s
Slide 13: Pluto, Nevada: the concept
Pluto, Nevada: the concept Recent blanketing volcanics Gold-silver mineralisation in Havallah Formation (leakage from below?) Exposed Havallah Formation (forms the seal above the more prospective carbonate rocks of the Antler sequence) The outcropping Havallah Formation is interpreted to Conceptual
Slide 14: Pluto, Nevada: the evidence
Pluto, Nevada: the evidence Gravity high: indicating uplifted block of target Antler sequence carbonates? Geochemical anomaly: coincident multi-element Outcropping mineralization anomaly of typical Carlin-suite pathfinder elements (<13.1g/t gold, 67g/t silver) 12
Slide 15: Pluto, Nevada: the test
Pluto, Nevada: the test Aims of the first drill program are: 1. Determine the thickness of the obscuring Havallah Fm (the “seal”) 2. Confirm the presence of the receptive Antler sequence beneath this 3. If present, determine the depth to the top of the Antler sequence 4. If present, assess the thick
Slide 16: Skellefte district, Sweden
Skellefte district, Sweden Sweden is 8th in the Fraser Institute’s 2016 worldwide ranking of mining jurisdictions 14
Slide 17: Why Sweden?
Why Sweden? The Skellefte belt of northern Sweden is a geologically prospective district, with proven endowment of polymetallic VMS deposits, high prospectivity for gold, and considerable residual exploration potential S2 identified the opportunity and attained 100% ownership of a private company, S
Slide 18: Skellefte, Sweden: a world class VMS camp
Skellefte, Sweden: a world class VMS camp World class gold-base metal VMS camp with major mines (Boliden, Renstrom, Kristineberg), hungry concentrator, smelter, port, infrastructure Similar to the Abitibi belt, but much less exploration 16
Slide 19: Skellefte, Sweden: Bjurtraskgruvan
Skellefte, Sweden: Bjurtraskgruvan Last hole was thickest copper intercept yet, 135m down plunge from previous hole & 430m down plunge from outcrop Fixed loop EM survey defined a large conductor extending a further 470m down plunge from this hole, for a total plunge extent of 900m VTEM highlights th
Slide 20: Skellefte, Sweden: Holmtjarn
Skellefte, Sweden: Holmtjarn IP chargeability domain boundary coincident with magnetic break and base of till (BoT) geochemical anomaly. Planned drilling will test the overall corridor, which is open along strike to the southeast Rhyolite breccia with hydrothermal sulphides 18
Slide 21: Skellefte, Sweden: Nasvattnet
Skellefte, Sweden: Nasvattnet Boulder field with Zn-Cu-Pb-Ag mineralized boulders Extensive glacial cover – no outcrop Very limited historical drilling Ionic leach geochemical survey trial being extended IP survey: obvious stratigraphic responses and more subtle non-formational responses may relate
Slide 22: Central Lapland Greenstone belt, Finland
Central Lapland Greenstone belt, Finland Finland is 5th in the Fraser Institute’s 2016 worldwide ranking of mining jurisdictions 20
Slide 23: Central Lapland Greenstone Belt, Finland: the concept
Central Lapland Greenstone Belt, Finland: the concept All well explored (mature) gold belts show a similar number and size distribution of gold deposits Abitibi: 39 deposits, 83.6moz Central Lapland: 13 deposits, 9.1moz ??? Norseman-Wiluna: 44 deposits, 74.7moz So where is the missing gold of the La
Slide 24: Central Lapland Greenstone Belt, Finland: the evidence
Central Lapland Greenstone Belt, Finland: the evidence This is a regional play – S2 has spent 2 years consolidating ground and is a large tenure holder in this emerging gold province The region hosts the 7.7Moz Kittila gold mine, the world class Sakatti Cu-Ni-PGE deposit, and a recent high grade gol
Slide 25: Central Lapland Greenstone Belt, Finland: Home
Central Lapland Greenstone Belt, Finland: Home S2’s “Home” ELA is located over the western end of the Sirkka shear zone It contains one of the strongest gold anomalies in the GTK’s (Finnish Geological Survey’s) entire Finland till sampling database (shown in the colour image above) This is being sam
Slide 26: Polar Bear, Western Australia
Polar Bear, Western Australia Western Australia is 3rd in the Fraser Institute’s 2016 worldwide ranking of mining jurisdictions 24
Slide 27: Polar Bear: a strategic position in WA's Eastern Goldfields
Polar Bear: a strategic position in WA’s Eastern Goldfields A large under-explored ground holding in the heart of the Western Australian goldfields, on trend from major gold mines * Refer to relevant ASX announcements for details 25
Slide 28: Polar Bear: Baloo-Nanook trend only just scratched
Polar Bear: Baloo-Nanook trend only just scratched 10 kilometre long prospective corridor with three gold hotspots in wide spaced shallow aircore drilling 348,000oz gold resources* delineated to date at Baloo and Nanook Long projection of the Baloo–Nanook shear zone showing extent and depth of drill
Slide 29: Polar Bear: 264,000 ounces gold resources so far at Baloo
Polar Bear: 264,000 ounces gold resources* so far at Baloo Upper 100 vertical metres: Area of Indicated Resource High ounces per vertical metre relevant to potential open pit (500-1,500) from just 2 metres below surface Mainly oxide material Mainly Indicated category Thick, open pit friendly shape G
Slide 30: The plan
The plan Now June 2018 Cash* Estimated A$8M spend in FY1718 Est. cash* A$22.2M A$14M Audio- Geochem, Nevada Drilling: magneto- Drilling: South CSAMT: South Pluto tellurics: Roberts, Ecru Roberts Ecru Geochem, IP, Drilling: Bjurtraskgruvan, Sweden Follow up, prioritization Holmtjarn, Nasvattnet etc,