S2 Resources Ltd. · ASX:S2R
S2 Resources — Shareholder Meeting (October 2016)
21 slides from S2 Resources's shareholder meeting presentation, Oct 7, 2016
Slide 1: S2 Resources' first year – Managing Director's presentation at 2016 AGM
For personal use only S2 Resources’ first year – Managing Director’s presentation at 2016 Annual General Meeting Mark Bennett, Managing Director & CEO, S2 Resources Ltd
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: S2's first 12 months
S2’s first 12 months Objective Outcome For personal use only Demerge Polar Bear & Scandinavian assets from Sirius, S2 demerged from Sirius on 21st September 2015 with with cash to create leveraged future growth opportunity Polar Bear, Scandinavian assets and A$22 million cash. for Sirius shareholder
Slide 4: S2 today
S2 today We have the people For personal use only • Key former Sirius team plus former senior Anglo American plc exploration personnel • People who have discovered, financed and developed “tier 1” mines around the world • Board augmented with former Hartleys’ head of corporate finance We have the ca
Slide 5: S2 tomorrow
S2 tomorrow At Polar Bear (Australia): For personal use only • Diamond drilling underway to verify variance between initial high grade RC drill intersections and subsequent disappointing results at Monsoon • Next phase of work at Monsoon contingent on these results • Diamond drilling to follow up hi
Slide 6: Key corporate facts and market performance metrics
Key corporate facts and market performance metrics Close of Close of Shares on issue 73.1m shares 246m Mark Creasy Measure: trading trading Change (post-SPP) (29.7%) For personal use only on listing yesterday Options on issue 17m shares Share A$29.5 30.9m Board & employees A$0.16 A$45.5 (exercise pr
Slide 7: Board and management team
Board and management team Jeff Dowling - Non-executive Chairman Mark Bennett – Managing Director & Chief Executive Officer Jeff is the former non-executive chairman of Sirius, and the former Mark was the founding managing director and CEO of Sirius and is a director of IGO. For personal use only man
Slide 8: S2 Resources project location map
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Slide 9: Polar Bear – a strategic chunk of the Goldfields
Polar Bear – a strategic chunk of the Goldfields A large unexplored ground Multiple trends & For personal use only holding, surrounded by 30Moz gold endowment, prospects, two in a major gold province resources defined * Refer to resources slides and relevant ASX announcements for details
Slide 10: Monsoon
Monsoon High grade intercepts in 2 aircore holes (undertaken in 2 separate generations of drilling) For personal use only High grade intercepts in first two RC holes (3rd generation of drilling) Disappointing results in initial follow up RC and diamond drilling (4th generation of drilling) As stated
Slide 11: Monsoon North
Monsoon North High grade gold in 2 separate generations of drilling and 2 separate drilling techniques Magnetic image For personal use only 800m northwest of Monsoon High grade intercept in aircore hole SPBA2769 Narrower high grade intercept in RC hole SPBC0323 On a trend of gold anomalism in aircor
Slide 12: Baloo
Baloo 123,000oz Indicated + Inferred mineral resource (see table below) For personal use only High ounces per vertical metre (500-1,500oz per vertical metre in top 100 metres) from just 2 metres below surface Mainly oxide, mainly Indicated category, in thick, open pit friendly shape Good metallurgic
Slide 13: Nanook – palaeochannel resource
Nanook – palaeochannel resource Inferred LCOG Tonnes (000's) g/t Au Oz Au For personal use only 0.5 5,300 0.9 148,000 0.8 2,200 1.2 84,000 1.0 1,400 1.4 61,000 Nanook palaeochannel Mineral Resource is reported to JORC 2012 standards. LCOG is lower cut-off grade. All individual assays top cut to a ma
Slide 14: S2 Resources project location map
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Slide 15: Skellefte, Sweden: a big chunk of a world class VMS district
Skellefte, Sweden: a big chunk of a world class VMS district • World class gold-base metal VMS camp with major mines (Boliden, Renstrom, Kristineberg), hungry concentrator, smelter, port, infrastructure • Strong geological similarities to the Abitibi belt, with very little outcrop, and little effect
Slide 16: First VTEM survey – lighting up like a Christmas tree
First VTEM survey – lighting up like a Christmas tree • The first ever VTEM survey in this belt identified 64 strong EM conductors, under cover, along strike from known mines/deposits • Little prior effective modern exploration, including ground TEM and base of till sampling For personal use only •
Slide 17: Svan Vit - VMS in first holes in first VTEM conductor
Svan Vit - VMS in first holes in first VTEM conductor For personal use only Plan showing VTEM anomaly (colour), ground EM conductor (red rectangle), upper and lower downhole EM conductors, and pierce points of S2 holes, with historic drilling to north VTEM over intervening ground is not shown in thi
Slide 18: Svan Vit – may have just clipped the edge
Svan Vit – may have just clipped the edge 3D depiction of upper and lower conductors defined in downhole EM survey. Holes 1 and 2 clipped the upper and western margin For personal use only of the upper conductor only, and hole 3 missed both conductors
Slide 19: Five month drilling campaign starts late October
5 month drilling campaign starts late October The first 10 VTEM targets (out of the 60 identified in the first VTEM survey) have been selected for diamond drilling this season For personal use only Diamond drilling will start late this month and will continue over the northern winter for 5 months Th
Slide 20: Second VTEM survey results imminent
Second VTEM survey results imminent The second ever VTEM survey of the Skellefte belt (both flown by S2) is now complete For personal use only Results are imminent This survey covers ground pegged by S2 after the original 2015 VTEM survey This will double S2’s VTEM coverage of the Skellefte belt VTE
Slide 21: Summary
Summary S2 has performed well since listing For personal use only • • The company is well funded to execute its plans – and more • Monsoon follow up has disappointed but this does not diminish Polar Bear’s potential • Future drilling at Monsoon to be determined by outcomes of current diamond drillin