S2 Resources Ltd. · ASX:S2R
S2 Resources — Shareholder Meeting (November 2019)
26 slides from S2 Resources's shareholder meeting presentation, Nov 12, 2019
Slide 1: 2019 AGM activities update
2019 AGM activities update www.s2resources.com.au
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: Corporate
Corporate Well funded & managed: Cash + investments* A$11m Debt Nil Favourable capital structure: Shares on issue 247.9m Options on issue (av. exercise price A$0.37) 24.2m Market capitalisation (@ A$0.12.5/share) A$31m Enterprise value A$20m Strong shareholder base: Top twenty shareholders 60.9% Mar
Slide 4: Responsible stewardship of shareholders funds
Responsible stewardship of shareholders funds Aggressive exploration balanced with prudent financial management: Cash on listing (2015) A$22.0m Less exploration expenditure A$30.6m Less TRT investment A$2.7m Plus capital raising (2016) A$11.5m Plus income from investments & asset sales A$11.5m Cash
Slide 5: Systematic greenfields gold exploration in Finland
Systematic greenfields gold exploration in Finland Example: Aarnivalkea A greenfields technical success From zero work/knowledge 15 months ago To a new gold mineralised trend Using a textbook out-in approach
Slide 6: Lode gold example: ionic leach geochemical survey
Lode gold example: ionic leach geochemical survey Ionic leach defined two distinct gold trends with several discrete “hotspots”, within a broader belt of arsenic anomalism The anomalies are based on numerous samples and are spatially coherent, suggesting this is a real overburden-penetrating bedrock
Slide 7: Lode gold example: geochemistry prioritises structures
Lode gold example: geochemistry prioritises structures These anomalies coincide with magnetic breaks or gravity gradients, suggesting the structural control necessary for lode gold mineralization This provides a means of prioritizing “live” structures within the many magnetic/gravity structures that
Slide 8: Lode gold example: BOT drilling beneath anomalies
Lode gold example: BOT drilling beneath anomalies The ionic leach gold anomalies are NOT drill targets They simply define a live corridor that enables selective prioritization for grant of an EL rather than overspending on land holding costs It is an INVESTMENT decision Once granted, the real reconn
Slide 9: Lode gold example: zeroing in on BOT hotspot
Lode gold example: zeroing in on BOT hotspot Wide spaced BOT drilling is essentially rockchip sampling beneath glacial cover BOT samples are NOT good samples so there is inherent noise and uncertainty in the resultant data There is very little weathering so there is very little chemical dispersion t
Slide 10: Lode gold example: firming up the trend
Lode gold example: firming up the trend BOT drilling: undertaken to identify the source of the large ionic leach geochemical anomaly, it has defined a 1.3km long zone of gold anomalous/mineralised rock hidden beneath transported glacial cover in a previously unknown area. The end-of-hole samples (sh
Slide 11: Lode gold example: reconnaissance diamond drilling
Lode gold example: reconnaissance diamond drilling A real shear zone just like anything in Western Australia, the Abitibi or the Birimian, with classic lode gold features, including: • Brittle-ductile deformation • Veining • Carbonate-silica-sericite-albite alteration • Various sulphides • Polyphase
Slide 12: Lode gold example: closing in on the target
Lode gold example: closing in on the target 7
Slide 13: Systematic greenfields Ni-Cu-PGE exploration in Finland
Systematic greenfields Ni-Cu-PGE exploration in Finland Example: Ruopas A greenfields program in progress From zero work/knowledge 15 months ago To numerous coincident Ni-Cu-Co-Pd geochemical and VTEM anomalies and our first drill-ready target (350m long EM conductor with associated Ni-Cu base of ti
Slide 14: Ruopas: searching for the next Sakatti
Ruopas: searching for the next Sakatti The CLGB is highly prospective for magmatic copper-nickel-PGM mineralization, as evidenced by Boliden’s Kevitsa mine and Anglo American’s Sakatti deposit, located further to the east in the same belt S2’s “Ruopas” licence covers a 25km long zone containing coin
Slide 15: Ruopas: searching for the next Sakatti
Ruopas: searching for the next Sakatti Ionic leach geochemical soil sampling coverage of the Ruopas licence highlights a number of coincident nickel-copper anomalies. Most of these are also cobalt and palladium anomalies. Coincident Ni-Cu-Co- Pd anomalism is a signature of magmatic sulphide minerali
Slide 16: Ruopas: searching for the next Sakatti
Ruopas: searching for the next Sakatti Channel 20 of the VEM survey highlights numerous EM anomalies. Many of these are strongly conductive, persisting into late time channels (channel 40). At this scale, any single point EM anomaly could be an expression of significant massive sulphide mineralizati
Slide 17: Ruopas: searching for the next Sakatti
Ruopas: searching for the next Sakatti Follow-up ground EM of selected VTEM anomalies: 15% of the VTEM survey area has been followed up with ground EM This defined a discrete EM conductor located on a gravity ridge, along strike from known ultramafic rocks, concealed beneath a shallow bog, and assoc
Slide 18: Opportunistic lode gold exploration in Finland
Opportunistic lode gold exploration in Finland Example: Aakenusvaara An under-drilled historic prospect Rapid, simple follow up of known trend Deepest intercept is highest grade
Slide 19: 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 Line of section strike 7 holes drilled Best int
Slide 20: Chasing Ni sulphide lava channels in WA's goldfields
Chasing Ni sulphide lava channels in WA’s goldfields Example: Gwardar (Polar Bear) A classic Kambalda-style lava channel Increasing grade and width down plunge A simple test
Slide 21: Gwardar nickel
Gwardar 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 - further
Slide 22: Gwardar nickel
Gwardar 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 - further
Slide 23: Gwardar nickel
Gwardar 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 - further
Slide 24: Back to the future in the Fraser Range
Back to the future in the Fraser Range Won 3 out of 4 ballots for contested ground 3 new EL applications in progress
Slide 25: 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 26: JORC tables
JORC tables Grade Au Latest drill results from Aarnivalkea – refer to Hole FAVD0013 Easting 418221 Northing 7551841 RL 242 Dip -60 Azimuth 270 Depth 224.4 From 65.28 To 67.44 Width 2.16 g/t 1.9 S2R ASX announcement of 8th October 2019 and and 93.74 106.00 101.00 109.00 7.26 3.00 0.3 0.6 for and 143.