S2 Resources Ltd. · ASX:S2R
S2 Resources — 121 Mining Investment (virtual) presentation, May 2020
34 slides from S2 Resources's conference presentation, May 19, 2020
Slide 1: Exploring Australia and Finland: 121 Mining Investment presentation, May 2020
Exploring Australia and Finland: 121 Mining Investment (virtual) presentation, May 2020
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 a nutshell…
In a nutshell… S2 is a greenfields explorer seeking “company making” precious and base metal discoveries in mining friendly jurisdictions S2 has the track record – it comprises the original Sirius Resources team, responsible for the discovery, financing and development of the Nova-Bollinger nickel-c
Slide 4: Why explore?
Why explore? Leverage to discovery success! Example: Sirius (ie, the forerunner of S2) discovered nickel-copper at Nova and went from A$0.05 to A$5.00 (100x) Example: Chalice discovering nickel-copper-PGE’s at Example: DeGrey discovering gold at Hemi Julimar and has gone from A$0.20 to A$1.20 (6x) a
Slide 5: Corporate
Corporate Board Shareholders Mark Bennett – Executive Chairman Founding managing director and CEO of Sirius Resources and S2 Resources, and PhD qualified geologist Two-time winner of the “Prospector of the Year” award – for discovery of Thunderbox, Waterloo & Nova-Bollinger Experienced in equity cap
Slide 6: Timeline
Timeline Quarter by quarter timeline of key events since listing in 2015, colour coded for corporate , gold and base metals Demerge S2 Zinc-copper Discover New gold from Sirius A$12M Sell Baloo Strategic capital VMS at Aarnivalkea prospect east Resources for A$9M 20% stake and list on raising Bjurtr
Slide 7: Recent / imminent events
Recent / imminent events Covid-19 pandemic-related border closures and flight cancellations have forced repatriation of personnel and deferral of planned diamond drilling at Aarnivalkea and Aarnivalkea East gold prospects (Finland) Will drill Aarnivalkea and Aarnivalkea East as soon as access constr
Slide 8: Finland
Finland Gold and nickel in Lapland The Central Lapland Greenstone Belt (CLGB) of northern Finland contains tier1 gold and nickel- copper-PGE deposits This includes Agnico Eagle’s Kittila gold mine and Anglo American’s Sakatti nickel- copper-PGE deposit Despite this the district is very underexplored
Slide 9: Why Finland?
Why Finland? 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, 83.6moz Norseman-Wiluna: 44 deposit
Slide 10: Aarnivalkea gold prospect
Aarnivalkea gold prospect An emerging lode gold system S2 discovered the Aarnivalkea gold prospect by grassroots exploration in an otherwise virgin area, despite being close to the Kittila gold mine Aarni’ is classic lode gold mineralisation and is awaiting further drilling along strike to the north
Slide 11: Aarnivalkea gold prospect
Aarnivalkea gold prospect Ionic leach geochemical sampling defined a Gravity (colour) and magnetics wide 5km long corridor (greyscale) show numerous of gold anomalism in structures that may host gold glacial overburden 10
Slide 12: Aarnivalkea gold prospect
Aarnivalkea gold prospect BOT drilling defined a discrete 1.km long high grade zone at Aarnivalkea The gold anomalous corridor was tested by base of till (“BOT”) drilling (yellow dots) 11
Slide 13: Aarnivalkea gold prospect
Aarnivalkea gold prospect The high grade BOT anomaly was diamond drilled, resulting in the discovery of the Aarni’ gold prospect 12
Slide 14: Aarnivalkea gold prospect
Aarnivalkea gold prospect Aarni’ is a broad zone of multiple gold mineralized lodes, open down dip and along strike 13
Slide 15: Aarni’ East gold target
Aarni’ East gold target First BOT drilling east of Aarni’ identifies higher grade gold mineralisation This target is located on a parallel structure Base of till drilling has intersected up to 10g/t gold Gold values are accompanied by strongly anomalous pathfinder elements including arsenic, antimon
Slide 16: Aarni’ East gold target
Aarni’ East gold target First BOT drilling east of Aarni’ identifies higher grade gold mineralisation This target is located on a parallel structure Base of till drilling has intersected up to 10g/t gold Gold values are accompanied by strongly anomalous pathfinder elements including arsenic, antimon
Slide 17: Aakenusvaara gold prospect
Aakenusvaara gold prospect A forgotten gold prospect with high grade gold Located on the Sirkka shear zone and 3km along strike from Outokumpu’s Saattopora gold mine 7 holes drilled by S2 Best drill intercept in deepest hole: 2.11m @ 86g/t gold Open down dip and along strike 16
Slide 18: Aakenusvaara gold prospect
Aakenusvaara gold prospect 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 Line of section at the Saattopora copper-gold mine, 3km along strike Best intercept
Slide 19: Ruopas magmatic nickel-copper-PGE target
Ruopas magmatic nickel-copper-PGE target Prospective for Sakatti-style magmatic nickel-copper-PGE mineralisation Large (~200 square kilometre) exploration licence application with mapped ultramafics along a gravity high Numerous airborne EM anomalies Numerous coincident nickel- copper-cobalt anomali
Slide 20: Ruopas magmatic nickel-copper-PGE target
Ruopas magmatic nickel-copper-PGE target 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 co
Slide 21: Ruopas magmatic nickel-copper-PGE target
Ruopas magmatic nickel-copper-PGE target Ionic leach geochemical soil sampling coverage of the Ruopas licence highlights a number of coincident nickel- copper anomalies Copper is shown as dots and nickel as backround colour Most of these are also cobalt and palladium anomalies Coincident Ni-Cu-Co-Pd
Slide 22: Ruopas magmatic nickel-copper-PGE target
Ruopas magmatic nickel-copper-PGE target Drill-ready target: 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 associated with a >4km long cop
Slide 23: Australia
Australia Active projects and new targets in Western Australia Polar Bear nickel rights: retained after sale of gold to Westgold (now RNC) Fraser Range nickel: new ground in Australia’s newest nickel province (found by the S2 team) Two large areas recently pegged over Julimar-style nickel-copper-PGE
Slide 24: Polar Bear nickel rights
Polar Bear nickel rights Nickel sulphide mineralisation in the strike extensions of the famous Kambalda and Widgiemooltha ultramafic belts S2 retained nickel rights when it sold the Baloo gold deposit to Westgold (now owned by RNC Minerals) Three mineralised positions: Halls Knoll, Taipan and Gwarda
Slide 25: Polar Bear overview
Polar Bear overview Polar Bear is located on one of the most productive nickel belts in the world 24
Slide 26: Halls Knoll nickel-copper-PGE gossan
Halls Knoll nickel-copper-PGE gossan One of the highest grade gossans in the Kambalda and Widgiemooltha nickel belts is located on an island in a salt lake The Halls Knoll gossan grades 0.5% nickel, 1% copper and 12.5g/t total PGE’s 25
Slide 27: Taipan nickel prospect
Taipan nickel prospect The Taipan prospect was discovered by S2’s precursor, Sirius Resources It comprises a lower, higher grade zone (eg, 4.1m @ 3.8% Ni) and an upper disseminated zone (eg, 53m @ 0.53% Ni) Both zones have massive sulphides at their base and plunge northwards Most drilling is at a d
Slide 28: Gwardar nickel prospect
Gwardar nickel prospect Significant intercepts of nickel sulphide, as massive sulphide in narrower zones and as disseminated sulphide in broad zones, in multiple flows, defined in very wide spaced (70-100m) drilling, open down plunge 27
Slide 29: Fraser Range nickel-copper-cobalt project
Fraser Range nickel-copper-cobalt project Back to the future S2 has recently pegged 3 large blocks in the Fraser Range – where it all began with the discovery of Nova These are situated midway between the Nova nickel mine, Mark Creasy’s Silver Knight discovery, and Legend Mining’s Mawson prospect 2
Slide 30: Fraser Range nickel-copper-cobalt project
Fraser Range nickel-copper-cobalt project Back to the future S2 has recently pegged 3 large blocks in the Fraser Range – where it all began with the discovery of Nova These are situated midway between the Nova nickel mine, Mark Creasy’s Silver Knight discovery, and Legend Mining’s Mawson prospect 2
Slide 31: New nickel-copper-PGE targets
New nickel-copper-PGE targets A new frontier? Chalice’s Julimar discovery is a true “black swan” and has highlighted the previously overlooked potential of the western margin of the Yilgarn craton for intrusive- hosted nickel-copper-PGE mineralisation S2 has pegged two large areas covering similar i
Slide 32: Three Springs nickel-copper-PGE target
Three Springs nickel-copper-PGE target A new frontier? The Three Springs target comprises a large magnetic anomaly that may represent an ultramafic/mafic intrusive complex adjacent to the Darling Fault The Geological Survey of Western Australia has also mapped mafic and ultramafic rocks over this ma
Slide 33: West Murchison nickel-copper-PGE target
West Murchison nickel-copper-PGE target A new frontier? The West Murchison target comprises a number of unexplained magnetic anomalies that may represent ultramafic/mafic intrusions adjacent to the Darling Fault The Geological Survey of Western Australia has also mapped mafic and ultramafic rocks an
Slide 34: Exploring Australia and Finland: 121 Mining Investment presentation, May 2020
Exploring Australia and Finland: 121 Mining Investment (virtual) presentation, May 2020
S2 Resources — 121 Mining Investment (virtual) presentation, May 2020 on 6ix