Siren Gold Ltd · ASX:SNG
Siren Gold — Earnings Presentation (January 2023)
30 slides from Siren Gold's earnings presentation, Feb 1, 2023
Slide 1: Quarterly Presentation
For personal use only Quarterly Presentation 31 January 2023 ASX: SNG Siren Gold | Exploration Update | www.sirengold.com.au 1
Slide 2: Disclaimer and Forward-looking Statements
Disclaimer and Forward-looking Statements For personal use only These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have been prepared by Siren Gold Limited ACN 619 211 826 (Company). These Presentation Materials are for information purposes o
Slide 3: Siren Gold: New Zealand Explorer
Siren Gold New Zealand Explorer For personal use only FOCUSED ON HIGH ~1100km² tenement EXTREMELY +35km long structural GRADE REEFTON package UNDER-EXPLORED corridor GOLDFIELD & SAMS Little previous CREEK PORPHYRY Large historic goldfield HIGHLY PROSPECTIVE closed during WWII exploration Previous Go
Slide 4: Reefton & Sams Creek: Originally part of the Lachlan Fold Belt
Reefton & Sams Creek : Originally part of the Lachlan Fold Belt For personal use only Siren Gold | Exploration Update | www.sirengold.com.au 4
Slide 5: Reefton Goldfield: Years of Historical Mining
s Reefton Goldfield: 100 Years of Historical Mining For personal use only Underground at Blackwater Mine 1900’s 5
Slide 6: Reefton Goldfield: Unmined Potential Since WWII
Reefton Goldfield: Unmined Potential Since WWII For personal use only Entire Reefton Goldfield Unexplored with Modern Techniques Blackwater Mine closed 1952. 900 750 600 KOZ 450 300 150 0 Ounces Recovered References • Barry, J. 1993 . The history and mineral resources of the Reefton Goldfield. Minis
Slide 7: Historical Reefton Goldfield: +35km long structural corridor
Historical Reefton Goldfield: +35km long structural corridor • Most mining ceased during WWII after recovering For personal use only 2Moz gold @ 16g/tAu from underground. • Alluvial mining produced 8M oz and continuing • Siren Gold has a dominant 1,000 m2 tenement package • Neighbours are: • Reefton
Slide 8: Stibnite: Reefton Goldfield contains significant Antimony
Stibnite: Reefton Goldfield contains significant Antimony For personal use only • Antimony is critical to the world’s clean energy transition, especially the semi- conductor and defence sectors. • China and Russia combined produce approximately 82% of current world production. • Antimony is a critic
Slide 9: Siren Gold has Seven Key Projects
Siren Gold has Seven Key Projects For personal use only Alexander River Big River Lyell Goldfield Auld Creek Cumberland Reefton South Sams Creek Siren Gold | Arrowhead Presentation | www.sirengold.com.au 9
Slide 10: Alexander River Mine: Produced 41koz at 26.4g/t
Alexander River Mine: Produced 41koz at 26.4g/t (15g/t Au Cut Off) • Mine closed in 1942 due to WWII Best Drill Holes For personal use only • 1.2km quartz Reef trenching +800m long, 4m wide @ ~8g/t Au. 2.5m @ 358g/tAu • Mineral Resource Estimate - 170koz @ 5.0g/t Au 3.0m @ 10.8g/t Au 8.0m @ 11.0g/t
Slide 11: Alexander River: McVicar West shoot 2.5m @ 358g/t Au
Alexander River: McVicar West shoot 2.5m @ 358g/t Au For personal use only Siren Gold | Exploration Update | www.sirengold.com.au 11
Slide 12: Big River: 4km+ Anomalous Strike Length
Big River: 4km+ Anomalous Strike Length For personal use only massive Sb 53 g/t Au Sb vein 82 g/t Au Siren Gold | Exploration Update | www.sirengold.com.au 12
Slide 13: Big River: Produced 136koz @ 34.1g/t Au
Big River: Produced 136koz @ 34.1g/t Au (15g/t Au Cut Off) • Mined closed during WW II in 1942 For personal use only • Siren Exploration Target of 100-125koz @ 7-9g/t Au1. Shoot 4 only • Big River contains massive Stibnite veins • Siren Maiden Resource Estimate Early 2023 6.6m @ 21.4g/t Au Shoot 4 3
Slide 14: Lyell Goldfield: Produced 91,000 oz @ 18.4g/t up to 1911
Lyell Goldfield: Produced 91,000 oz @ 18.4g/t up to 1911 For personal use only Lyell Goldfield Mine & Battery Siren Gold | Exploration Update | www.sirengold.com.au 14
Slide 15: Lyell Goldfield: 4km strike from Alpine to Victory Mines
Lyell Goldfield: 4km strike from Alpine to Victory Mines For personal use only United Victory Reef Mt Lyell North Trenches 7m @ 13.8g/t Au 8m @ 6.3 g/t Au Alpine United Mine - 80koz @ 17g/t Au Disseminated Aspy Disseminated Aspy United Victory Reef Outcrop Siren Gold | Exploration Update | www.siren
Slide 16: Lyell Goldfield: Victory Reef Gold Specimen Pieces
Lyell Goldfield: Victory Reef Gold Specimen Pieces For personal use only Siren Gold | Exploration Update | www.sirengold.com.au 16
Slide 17: Auld Creek: 2km Anomalous Zone: Gold & Stibnite
Auld Creek: 2km Anomalous Zone: Gold & Stibnite For personal use only Siren Gold | Exploration Update | www.sirengold.com.au 17
Slide 18: Auld Creek: 2km Anomalous Zone: Gold & Stibnite
Auld Creek: 2km Anomalous Zone: Gold & Stibnite For personal use only Trench ID Mineralised Zone True Width (m) Au g/t Sb % AuEq g/t2 FTTR001 Fraternal 8.4 19.7 5.3 32.0 FTTR002 Fraternal 1.5 17.1 9.0 38.3 FTTR003 Fraternal 2.0 14.2 13.0 44.9 FTTR004 Fraternal North 5.5 4.45 0.26 5.1 FTTR005 Fratern
Slide 19: Auld Creek: Trenching (8.4m @ 32.0g/t AuEq) FTTR001
Auld Creek: Trenching (8.4m @ 32.0g/t AuEq) FTTR001 For personal use only 8.4m @ 19.7g/t Au, 5.3% Sb – 32.0 g/t AuEq Gold equivalent formula (𝐴𝑢𝐸𝑞 = 𝐴𝑢 g/𝑡 + 2.36 × 𝑆𝑏 %) used by Mandalay Resources Ltd for the Costerfield mine (refer Mandalay Website). The formula is based on a gold price…
Slide 20: Auld Creek: 2km Anomalous zone: Gold & Stibnite
Auld Creek: 2km Anomalous zone: Gold & Stibnite For personal use only Siren Gold | Exploration Update | www.sirengold.com.au 20
Slide 21: Langdons: 500m Anomalous Gold & Stibnite zone
Langdons: 500m Anomalous Gold & Stibnite zone For personal use only The Langdons area contains a number of high-grade Au-Sb reefs • Early reported grades were up to 2,610g/t Au and 1,120g/t Ag. • One hole drilled 1936 at Victory Reef hit 1m @ 30g/t. • Thin quartz veinlets with stringers of stibnite
Slide 22: Reefton South: Significant Exploration Corridor
Reefton South: Significant Exploration Corridor • The Reefton South Tenement is For personal use only ~333sq. km and is considered to be an ~20km+ extension of the Reefton Goldfield, but undercover. • These Greenland Group rocks lie beneath a glacial moraine cover which has masked outcrop from previ
Slide 23: Sams Creek: 7km long mineralized dyke ~ 0.8 Million Oz
Sams Creek: 7km long mineralized dyke ~ 0.8 Million Oz For personal use only Siren Gold | Exploration Update | www.sirengold.com.au 23
Slide 24: Sams Creek Mineral Resource Estimate
Sams Creek Mineral Resource Estimate For personal use only 2022 Sams Creek Mineral Resource Estimate - 1.5g/t cut-off Prospect Status Cut-Off Tonnes (Mt) Au (g/t) Ounces (g/t) (koz) Main Zone Indicated 1.5 3.29 2.80 295.6 Main Zone Inferred 1.5 3.79 2.71 330.0 SE Traverse Inferred 1.5 1.17 3.56 146.
Slide 25: 7km dyke, rock chips, drillholes, potential folds and MRE
7km dyke, rock chips, drillholes, potential folds and MRE For personal use only Barrons Riordan Flat s Main Anvil East Anvil Western Zone West Outcrops Doyle Carapac s e 625koz @ 2.8g/t Au 53koz @ 2.2g/t Au SE 146koz @ 3.6g/t Au Traverse 824koz @ 2.8g/t Au Siren Gold | Exploration Update | www.siren
Slide 26: Cumberland: Siren's new granted Tenement
Cumberland: Siren’s new granted Tenement For personal use only Siren Gold | Exploration Update | www.sirengold.com.au 26
Slide 27: Cumberland: Au / Sb soil Geochem & significant drillholes
Cumberland: Au / Sb soil Geochem & significant drillholes For personal use only Hole ID From To Interval (m) True Width (m)1 Au g/t 97RDD022 107.0 116.0 9.0 9.0 6.1 97RDD029 17.0 19.0 2.0 2.0 11.8 GAL001 31.0 58.0 27.0 5.0 74.9 GAL002 34.7 37.5 2.8 2.8 6.3 GAL004 207.8 211.1 3.3 3.3 5.1 87DDMJ2 38.3
Slide 28: Metallurgical Testwork & Process Plant Design
Metallurgical Testwork & Process Plant Design For personal use only • Positive preliminary metallurgical testwork results from samples from Alexander River and Big River Projects • Total recovery of 90% to 93% is estimated it processed with POX • Preliminary pressure oxidation of the flotation conce
Slide 29: Siren Gold Summary: Months Targeting Million Oz
Siren Gold Summary: 24 Months Targeting 3 Million Oz Drilling over the next 12-24 months to build the For personal use only Exploration Target Scoping study on new processing plant ongoing, average recoveries expected to be ~90-92%. +24 +12 Months Siren Gold Global Resource estimate 1.5g/t cut-off (
Slide 30: For personal use only
For personal use only Brian Rodan | Executive Chairman Paul Angus | Technical Director T: + 61 (8) 6458 4200 E: admin@sirengold.com.au W: sirengold.com.au ASX CODE: SNG Siren Gold | Exploration Update | www.sirengold.com.au 30