S2 Resources Ltd. · ASX:S2R
S2 Resources — Diggers and Dealers Mining Forum 2021
29 slides from S2 Resources's conference presentation, August 2021
Slide 1: Drilling for Company Making Discoveries
DRILLING FOR COMPANY MAKING DISCOVERIES Diggers and Dealers Mining Forum August 2021 1
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: Company Snapshot
Company Snapshot Greenfields explorer targeting “company making” precious and base metal discoveries in mining friendly jurisdictions: • Western Australia and Finland – Both ranked in the top 10 globally in the Fraser Institute’s 2020 survey for investmentattractiveness Strong track record of discov
Slide 4: A Team With a Track Record
A Team With a Track Record Mark Bennett – Executive Chairman • Founding Managing Director and CEO of Sirius Resources and S2 Resources • PhD qualified geologist with 30 years experience with WMC, LionOre, Sirius and S2 • Two-time winner of the “Prospector of the Year” award – for discovery of Thunde
Slide 5: Corporate
Corporate Well funded Cash1 A$7.3m Investments2 A$5.3m Debt Nil Favourable capital structure Shares on issue 314.9m Notes Options onissue3 40.3m 1. Cash at 30th June 2021 Market Capitalisation4 A$48.8m 2. 75.2m shares in Todd River Resources (ASX:TRT) @ A$0.07/share Enterprise Value A$41.5m 3. Weigh
Slide 6: Exploring in Tier 1 Jurisdictions
Exploring in Tier 1 Jurisdictions Finland Australia 6
Slide 7: Quality Project Portfolio
Quality Project Portfolio Central Lapland Greenstone Belt, Finland (100%): • Strategic tenement holder in an under-explored district with known Tier 1 gold and Ni-Cu-PGE deposits • Gold prospects (eg, Aarnivalkea) and numerous Ni-Cu-PGE targets, including drill-ready EM conductor at Ruopas • Kinross
Slide 8: Planned Work Programs
Planned Work Programs Busy year ahead with multiple exploration programs already underway • Finland - Aarnivalkea gold: Drilling underway following-up on recent high-grade gold intercepts • Finland - Ruopas base metals: Drilling coincident electromagnetic and base of till drill anomaly • Australia -
Slide 9: Central Lapland Greenstone Belt (CLGB) Finland (100%)
Central Lapland Greenstone Belt (CLGB) Finland (100%) Strategic ~581km2 landholding in the CLGB • Early mover advantage • Exploration Licences over key regional structures CLGB is home to world class gold and base metal projects including: • ~7.4Moz Kittilä gold mine • 298Mt Kevitsa Ni-Cu-precious m
Slide 10: Finland - Kinross JV
Finland - Kinross JV Kinross earning in up to 70% on non-core Finland licences: • Stage 1: US$3.5m over 3 years, incl. minimum US$1.8m in the first 18 months • Stage 2: US$3.0m on either or both the Home or Palvanen/Mesi blocks over an additional 3 years • Option upon completing Stage 2 on either or
Slide 11: Aarnivalkea: On the Cusp of a Significant Virgin Discovery
Aarnivalkea: On the Cusp of a Significant Virgin Discovery Aarnivalkea has potential to be a sizable, structurally hosted lode gold system • The system has scale: 1.3km geochemical anomaly • Propensity for high-grade intercepts, including: o 6.8m @ 11.8g/t gold from 223.0m, including 4.0m @ 18.1g/t
Slide 12: Ruopas: District-scale Magmatic Nickel-Copper-PGE Potential
Ruopas: District-scale Magmatic Nickel-Copper-PGE Potential Region is highly prospective for magmatic copper-nickel-PGM Ruopas Isovaara mineralisation evidenced by Boliden’s Kevitsa mine and Anglo American’s Sakatti deposit (~90km to the east) Ruopas licences cover a 25km long zone of coincident cop
Slide 13: Australian Projects – Strategic large-scale landholdings
Australian Projects – Strategic large-scale landholdings Quality portfolio of gold and base metal projects in Western Australia and New South Wales • Jillewarra Gold & Cu-Zn farm-in, 793km2, Murchison WA (earning70%) • West Murchison Ni-Cu-PGE project, 693km2, Murchison WA (100%) • Three Springs Ni-
Slide 14: Jillewarra Gold & Base Metals Project (earning 70%)
Jillewarra Gold & Base Metals Project (earning 70%) Farm-in with private vendor on an area covering 793km2 and 50km of strike Underexplored greenstone belt with little drilling below 70m depth 50km west of Meekatharra in the Murchison Goldfields of WA Highly endowed gold region, including the Mt Mag
Slide 15: Jillewarra: Over 30 Targets Identified
Jillewarra: Over 30 Targets Identified Numerous historic gold working Prospective for gold and VMS style base metals Limited exploration under shallow cover Over 30 targets already identified by the S2 team RC, aircore and diamond drilling ongoing 15
Slide 16: Jillewarra: Chesterfield area
Jillewarra: Chesterfield area First pass RC and aircore drilling at the Dorothy and Margueritta prospects completed. Better RC drill intercepts included: Dorothy: 20m at 1.9g/t gold from 92m, incl. 4m at 6.8g/t gold from 92m Margueritta: 3m at 2.3g/t gold from 41m Margueritta trend extended for ~300
Slide 17: Koonenberry: Belt Scale Ni-Cu-PGE Potential
Koonenberry: Belt Scale Ni-Cu-PGE Potential Koonenberry is a belt scale project covering 2,712km2 Prospective for magmatic style Ni-Cu-PGE mineralisation A frontier region with little base metal exploration since Vale-Inco departed Australia in 2010 Cratonic margin setting similar to the Fraser Rang
Slide 18: Koonenberry: Analogous Setting to Well Known Ni Regions
Koonenberry: Analogous Setting to Well Known Ni Regions • Analogous geological setting to the Australian Fraser Range where the S2 team (as Sirius Resources) discovered Nova-Bollinger • Also analogous to the Canadian Circum-Superior Belt which hosts the giant Raglan and Thompson Ni-Cu camps • Rocks
Slide 19: Western Yilgarn - A New Ni-Cu-PGE Frontier in the West
Western Yilgarn - A New Ni-Cu-PGE Frontier in the West Exposure to several prospective areas along the western edge of the Yilgarn Craton Chalice Mines’ (CHN:ASX) Julimar discovery has shown the Ni-Cu-PGE potential of the region West Murchison - 693km2 application awaiting grant • Anomalous nickel-c
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Slide 21: Appendices
Appendices Appendix 1 – Aarnivalkea cross-sections • Cross-section 7,551,840mN including hole FAVD0062 • Cross-section 7,552,400mN including hole FAVD0064 Appendix 2 – Agnico Eagle Kittilä mine • Long section of Agnico Eagle’s Kittilä mine Appendix 3 – Central Lapland Greenstone Belt gold potential
Slide 22: Appendix 1: Aarnivalkea Gold Prospect
Appendix 1: Aarnivalkea Gold Prospect 22
Slide 23: Appendix 1: Aarnivalkea Gold Prospect
Appendix 1: Aarnivalkea Gold Prospect 23
Slide 24: Appendix 2: Agnico Eagle’s Kittilä Mine
Appendix 2: Agnico Eagle’s Kittilä Mine • Agnico Eagle’s Kittilä mine is located ~36km southeast of Aarnivalkea on a parallel NE-SW structure • Kittilä current Ore Reserve of 4.1Moz at 4.2g/t gold and total Mineral Resource 7.4Moz at 3.5g/t (December 2020) • 2021 production is forecast at 250koz at
Slide 25: Appendix 2: Aarnivalkea superimposed on Kittilä
Appendix 2: Aarnivalkea superimposed on Kittilä • S2’s exploration at Aarnivalkea is very shallow in comparison to Kittilä • Kittilä shows the potential for deep rooted structurally hosted gold systems in the region Aarnivalkea grade shells superimposed on the Kittilä Main Zone longitudinal section
Slide 26: Appendix 3: Finland Gold Potential
Appendix 3: Finland Gold Potential • Mature gold districts show a pattern of deposit scale distribution • The CLGB distribution is skewed – lacking 1Moz to 5Moz deposits • What is driving this anomaly? o Immature exploration – first gold only discovered in 1984 o Limited outcrop due to glacial cover
Slide 27: Appendix 4: West Murchison nickel-copper-PGE project (100%)
Appendix 4: West Murchison nickel-copper-PGE project (100%) Woodrarung target several magnetic anomalies associated with mapped mafic and ultramafic rocks – thought to represent intrusions Initial soil sampling over the first of these has defined a broad Ni-Cu-PGE anomaly & also a broad gold anomaly
Slide 28: Appendix 5: Three Springs nickel-copper-PGE project (100%)
Appendix 5: Three Springs nickel-copper-PGE project (100%) Contains several magnetic anomalies associated with mapped mafic and ultramafic geology S2 currently attaining land access agreements Soil sampling, auger drilling and EM planned for 2021 28
Slide 29: Appendix 6: Todd River Resources Berkshire Valley Project
Appendix 6: Todd River Resources Berkshire Valley Project Julimar Project Berkshire Valley Project Source: TRT presentation dated 1st July 2021 29