Slide 1: Activities update 10th October 2023
Activities update 10th October 2023
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: This Is What We Do – Hunt for Hidden Elephants
THIS IS WHAT WE DO – HUNT FOR HIDDEN ELEPHANTS We seek BIG resources to create value for shareholders and stakeholders If our targets don’t deliver, we are not afraid to walk If our discoveries are financially robust, technically low risk, environmentally responsible and beneficial to local communit
Slide 4: Record of Discovery, Development & Turnover
RECORD OF DISCOVERY, DEVELOPMENT & TURNOVER Discoveries/developments/acquisitions Sales/vendouts/farmouts Discovered 1Moz Wahgnion gold mine, Burkina Faso 1997 1998 1999 Discovered 5Moz Thunderbox gold mine, WA 2000 2001 2002 Discovered Waterloo nickel mine, WA 2003 2004 2005 2006 Discovered Lounge
Slide 5: Corporate Metrics, Shareholders, Top 20 Holders
CORPORATE METRICS 2 SHAREHOLDERS 1 3 4 5 Mark Creasy, 16.4% Jupiter Asset Other, 51.7% Mgt, 14.7% 1 Finland gold drilling 2 Fraser Range nickel 5 drilling 4 Paradice Investment 3 Awarded Fosterville Mgt, 7.3% Block 4 4 Signed TO agreements for Fosterville Board, Mgt & Affiliates, 3.2% Other Institut
Slide 6: Block 4 Now Granted to S2 – Drilling Starts in 3 Weeks
GREATER FOSTERVILLE BLOCK 4 NOW GRANTED TO S2 – DRILLING STARTS IN 3 WEEKS S2 won the highly contested Block 4 of the Victorian Government ground release around the Fosterville Gold Mine The Exploration licence, which surrounds the Fosterville Gold Mine, has now been granted and drilling is schedule
Slide 7: The Tender Blocks – and the Importance of Block 4
GREATER FOSTERVILLE THE 4 TENDER BLOCKS – AND THE IMPORTANCE OF BLOCK 4 N AGNICO MINING LEASE 7
Slide 8: Well Documented District Geology Enables Intelligent Targeting
GREATER FOSTERVILLE WELL DOCUMENTED DISTRICT GEOLOGY ENABLES INTELLIGENT TARGETING District scale anticlines (pink) + area of enhanced structure (plumbing) in constraining bend of Redesdale Fault (yellow) = sweetest spots (orange) 8
Slide 9: Similar Controls at a Small Scale Control High Grade Targets
GREATER FOSTERVILLE SIMILAR CONTROLS AT A SMALL SCALE CONTROL HIGH GRADE TARGETS The trick is to find local flexures on or links between otherwise insignificant structures where dilation enhances plumbing to create physically small but very high grade bonanzas. These flexures often occur where struc
Slide 10: Similar Controls at a Small Scale Control High Grade Targets
GREATER FOSTERVILLE SIMILAR CONTROLS AT A SMALL SCALE CONTROL HIGH GRADE TARGETS The ultra-high grade Swan zone at Fosterville is an example of what can happen when narrow bedding parallel faults breach a fold hinge and refract through stiffer rocks - otherwise insignificant structures dilate and en
Slide 11: First Cab Off the Rank: Starting Where Kirkland Lake Left Off
GREATER FOSTERVILLE FIRST CAB OFF THE RANK: STARTING WHERE KIRKLAND LAKE LEFT OFF The most obvious place to start is where Kirkland Lake left off At Goornong a favourable target zone is interpreted to plunge south from a historic oxide resource Relogging of holes by S2 indicates that this was not te
Slide 12: First Cab Off the Rank: Starting Where Kirkland Lake Left Off
GREATER FOSTERVILLE FIRST CAB OFF THE RANK: STARTING WHERE KIRKLAND LAKE LEFT OFF Cross section S2 also plans to drill along the axis of the south plunging target zones (rather than the conventional way of drilling across strike) so that each hole can test multiple horizons where faults potentially
Slide 13: The Bigger Picture – Numerous Additional Potential Drill Targets
GREATER FOSTERVILLE THE BIGGER PICTURE – NUMEROUS ADDITIONAL POTENTIAL DRILL TARGETS Trial induced polarisation geophysical lines across the Fosterville mine were inherited as part of Kirkland Lake’s massive dataset The IP appears to detect the signature of mineralisation along the main Fosterville
Slide 14: The Most Sought After Gold Exploration Block in Australia
GREATER FOSTERVILLE THE MOST SOUGHT AFTER GOLD EXPLORATION BLOCK IN AUSTRALIA 100% S2 Resources - won in highly competitive Victorian ground release Ownership tender process, with Exploration Licence now granted Surrounds Agnico Eagle Mines’ world class +7.5Moz Fosterville Gold Mine – Premier locati
Slide 15: Koonenberry – A Belt Scale Nickel-Copper-PGE Opportunity
KOONENBERRY A BELT SCALE NICKEL-COPPER-PGE OPPORTUNITY 15
Slide 16: Analogous Tectonic Setting to Other Major Nickel Camps
KOONENBERRY ANALOGOUS TECTONIC SETTING TO OTHER MAJOR NICKEL CAMPS The Pechenga nickel deposits occur in mafic- ultramafic sills within the Karelian Complex – a Proterozoic belt that Russia stole from Finland The Raglan and Thompson nickel camps occur in mafic-ultramafic sills in the Circum-Superior
Slide 17: Another Mobile Belt Wrapped Around a Craton
KOONENBERRY ANOTHER MOBILE BELT WRAPPED AROUND A CRATON Belt scale blank canvas Analogous craton edge setting to Nova-Bollinger Ni-Cu-Co deposit (discovered by S2 team) District-scale project covering 2,712km2 Little exploration despite known magmatic Ni-Cu sulphide occurrences Tenements recently gr
Slide 18: Linear Gravity Ridge with Numerous Intrusive Sills
KOONENBERRY LINEAR GRAVITY RIDGE WITH NUMEROUS INTRUSIVE SILLS Numerous magnetic anomalies (LHS) representing mafic-ultramafic intrusions occur within a strong regional gravity high ridge (RHS) 18
Slide 19: Jillewarra Joint Venture – Searching for a Thunderbox / Big Bell Lookalike
JILLEWARRA JOINT VENTURE SEARCHING FOR A THUNDERBOX / BIG BELL LOOKALIKE NNE trending shear zone with Big Bell to SSW Analogous NNE trending shear zones with 35km strike length under cover within tenements Thunderbox on eastern trend Tenements awaiting grant Agnew/Lawlers and Bellevue on western tre
Slide 20: Successful and Experienced Board – Sirius
SUCCESSFUL AND EXPERIENCED BOARD – SIRIUS 2 • Founding managing director and CEO of Sirius Resources and S2 Resources, and PhD qualified geologist Mark Bennett • Two-time winner of the “Prospector of the Year” award – for discovery of Thunderbox, Waterloo & Nova- Executive Chairman Bollinger mines,
Slide 21: Appendices
Appendices
Slide 22: JORC Table – Section 1: Sampling Techniques and Data
JORC Table 1 – Section 1: Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry Historic drilling from surface includes diamond core and Reverse Circulation (RC). st
Slide 23: JORC Table – Section 1: Sampling Techniques and Data
JORC Table 1 – Section 1: Sampling Techniques and Data Criteria JORC Code explanation Commentary Sub-sampling If core, whether cut or sawn and whether quarter, half or all core taken. Core is split in half by core saw and one-half submitted to the laboratory for analysis. techniques and If non-core,
Slide 24: JORC Table – Section 1: Sampling Techniques and Data
JORC Table 1 – Section 1: Sampling Techniques and Data Criteria JORC Code explanation Commentary Verification of The verification of significant intersections by either independent or alternative company personnel. Significant intersections have been checked and verified by alternative company perso
Slide 25: JORC Table – Section 2: Reporting of Exploration Results
JORC Table 1 – Section 2: Reporting of Exploration Results Criteria JORC Code explanation Commentary Mineral tenement Type, reference name/number, location and ownership including agreements or material issues with The Greater Fosterville Project consists of two granted exploration licences (EL7795
Slide 26: JORC Table – Section 2: Reporting of Exploration Results
JORC Table 1 – Section 2: Reporting of Exploration Results Criteria JORC Code explanation Commentary Drill hole A summary of all information material to the understanding of the exploration results including a A table of completed drill hole collar information for exploration results presented here
Slide 27: JORC Table – Section 2: Reporting of Exploration Results
JORC Table 1 – Section 2: Reporting of Exploration Results Criteria JORC Code explanation Commentary Other substantive Other exploration data, if meaningful and material, should be reported including (but not limited to): Previous exploration data reported include historic dipole-dipole IP-resistivi
Slide 28: JORC Table – Collar Table
JORC Table 1 – Collar Table Hole ID Easting (MGA) Northing (MGA) Elevation (m) Dip Azimuth Depth (m) Drill Type GSDD073 278,265 5,943,281 147.7 - 84.0 258.1 69 DD GSDD081 278,070 5,943,280 146.2 - 40.0 99.5 246.8 DD GSDD082 278,069 5,943,279 146.2 - 55.0 99.5 261.1 DD GSDD083 278,068 5,943,279 146.2
Slide 29: JORC Table – Assay Table
JORC Table 1 – Assay Table Hole ID From (m) To (m) Interval (m) Au (g/t) Hole ID From (m) To (m) Interval (m) Au (g/t) Hole ID From (m) To (m) Interval (m) Au (g/t) GSDD073 24 36 12.0 2.5 GSDD094 437 461.5 24.5 1.3 GSRC032 60 75 15.0 1.4 including 24 30 6.0 4.6 including 438.7 444.4 5.7 2.0 includin
Slide 30: Contact Us
CONTACT US Level 14, 333 Collins Street, Melbourne, VIC 3000, Australia Telephone: +61 8 6166 0240 Facsimile: +61 8 6270 5410 Email: admin@s2resources.com.au We shall not cease from exploration, and the end of our exploring will be to arrive where we started and know the place for the first time (T.