S2 Resources Ltd. · ASX:S2R
S2 Resources — Diggers & Dealers 2018
20 slides from S2 Resources's conference presentation, August 2018
Slide 1: Exploration update
Exploration update Diggers & Dealers 2018
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: In summary…
In summary… Cash and investments total A$23.3 million*, comprising: • A$15 million cash • 4 million WGX shares worth A$7.4 million • 1 million GTT shares worth A$0.9 million Well funded but very low Enterprise Value – trading close to cash backing Exploring for giant Carlin-style gold deposits in Ne
Slide 4: Corporate / commercial
Corporate / commercial Experienced board with wide skill base and strong track record of creating value Jeff Dowling • 40 year career in financial sector as an accountant and former managing partner with Ernst & Young, WA Non-executive Chairman • Extensive experience in corporate finance and transac
Slide 5: Nevada
Nevada
Slide 6: Why Nevada?
Why Nevada? 3D model showing position of drill targets Endowment Demonstrably elephant country – numerous >10Moz gold deposits Exploration opportunity Surprisingly under-explored for such a major gold producing region Accessibility Exploration friendly infrastructure, topography and climate (counter
Slide 7: Ecru: elephant country
Ecru: elephant country Hilltop Ecru Robertson Pipeline Horse Canyon Cortez Hills Goldrush & Fourmile Ecru (now with expanded mineral rights on the Newmont lease*) is located in the heart of Barrick’s Cortez mining district, which has an estimated gold endowment of ~50Moz * Refer to S2R’s ASX announc
Slide 8: Ecru: elephant country
Ecru: elephant country Robertson Approximate location of S2’s Ecru project Trace of Abyss thrust Pipeline (~20Moz) Horse Canyon Fourmile Goldrush Cortez Hills (~10Moz) (~15Moz)
Slide 9: Ecru: elephant country
Ecru: elephant country An 3Dexample of gold endowment model showing andtargets position of drill continuing discovery potential of the Cortez district: Barrick’s recent Fourmile discovery, NNW of Goldrush, comprises thick, extensive, high grade gold mineralization* Hilltop Ecru Robertson Pipeline S2
Slide 10: Ecru: upcoming exploration
Ecru: upcoming exploration Drone survey Aerial photographic survey Aim: identify location of numerous small workings and ground disturbance before start of drilling Starts: anytime - on standby due to smoke from California wildfires Gravity survey Gravity coverage over new ground Aim: map gravity hi
Slide 11: Finland
www.s2resources.com.au
Slide 12: Central Lapland Greenstone Belt: the opportunity
Central Lapland Greenstone Belt: the opportunity Good known endowment Proven endowment of significant gold and nickel-copper deposits, namely Agnico Eagle’s 8Moz Kittila gold mine and Anglo American’s Sakatti nickel-copper deposit (44.4Mt @ 1.9% Cu, 0.96% Ni, 0.04% Co, 1.46g/t Pt+Pd+Au) Limited effe
Slide 13: Examples of known and potential endowment
Examples of known and potential endowment 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, 83.6mo
Slide 14: Examples of government data
Examples of government data The Finnish Geological Survey (GTK) has compiled excellent datasets* for exploration 25 kilometres Regional gravity image showing extent of greenstone belt and major Regional till geochemistry (colour) showing gold anomalism, draped intra-greenstone density domains and st
Slide 15: Central Lapland Greenstone Belt: the big question…
Central Lapland Greenstone Belt: the big question… If the CLGB is so well endowed why aren’t there more mines? Various factors have to date impeded area selection, have limited efficient and focussed exploration, and have lessened the chance of success The challenge is to find a way of narrowing the
Slide 16: 2018 ionic leach geochemical program on S2's CLGB tenure
2018 ionic leach geochemical program on S2’s CLGB tenure S2 commited to a district scale ionic leach survey following successful orientation trials in 2017 8 kilometres At 14,000 samples, this is probably one of the largest ionic leach surveys ever conducted Sampling is ~50% complete and is on sched
Slide 17: 2018 ionic leach survey defines new gold corridors at Paana
2018 ionic leach survey defines new gold corridors at Paana At Paana, ionic leach has 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 overbu
Slide 18: 2018 ionic leach survey defines new gold corridors at Paana
2018 ionic leach survey defines new gold corridors at Paana 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” from structures the many magnetic/gravity structures t
Slide 19: Ruopas: searching for the next Sakatti-style deposit
Ruopas: searching for the next Sakatti-style deposit 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 c
Slide 20: Summary
Summary Well managed, well funded explorer, with excellent discovery track record Trading close to cash backing Holds strategic positions in highly endowed but underexplored areas Hunting for elephants in elephant country Sytematic strategy to optimise chance of success Exploration underway in Finla