S2 Resources Ltd. · ASX:S2R
S2 Resources — 121 Investor Presentation (October 2020)
41 slides from S2 Resources's conference presentation, Oct 7, 2020
Slide 1: 121 Investor Presentation
121 Investor Presentation, 7th October 2010 Mark Bennett, Executive Chairman Investor presentation: 16th July 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… ASX listed greenfields explorer seeking “company making” precious and base metal discoveries in mining friendly jurisdictions: • Australia – ranked 1st in the world in the Fraser Institute’s 2019 survey for investment attractiveness • Finland - ranked 2nd in the world in the Fraser In
Slide 4: Projects
Projects Fraser Range, WA (100%): • Back to the old hunting ground for first time in 5 years since takeover of S2’s precursor, Sirius resources • Hunting for Nova-style nickel-copper-cobalt sulphides on three Exploration Licences covering 242km2 • Identified a second “eye” with a large strong EM con
Slide 5: Team
Team 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 Thunderbox, Waterloo, Nova-B
Slide 6: Corporate
Corporate EM conductor Creasy Other 21.8% at Fraser Range 34.7% Capital raising @ A$.125 Jupiter 14.9% High Net Worth Individuals Paradice 7.9% Insiders Other 7.5% 2.4% Institutiona l10.7% Well funded Cash1 A$13.8m Investments2 A$3.0m Debt Nil Notes Favourable capital structure Shares on issue 314.9
Slide 7: Western Australian projects
Western Australian projects S2 used the enforced Covid-19 hibernation to reposition itself with more Western Australian projects to supplement its existing Polar Bear nickel rights project The Fraser Range tenements were also granted Three additional new projects were identified and pegged/dealt: Ji
Slide 8: Fraser Range nickel-copper-cobalt project (100%)
Fraser Range nickel-copper-cobalt project (100%) Three new Exploration Licences covering 242km2 Back to where it all began where the S2 team (as Sirius Resources) discovered and developed Nova-Bollinger (now owned by IGO) Situated midway between Nova nickel mine, Mark Creasy’s Silver Knight nickel d
Slide 9: Fraser Range nickel-copper-cobalt project (100%)
Fraser Range nickel-copper-cobalt project (100%) S2 is back in the Fraser Range, surrounded by IGO, Legend, Galileo and Creasy The first diamond hole at Nova August 2012 8
Slide 10: Fraser Range nickel-copper-cobalt project (100%)
Fraser Range nickel-copper-cobalt project (100%) Magnetics Gravity S2’s ground is on the important gravity ridge which contains Nova and Silver Knight Gravity ridges 9
Slide 11: Fraser Range nickel-copper-cobalt project (100%)
Fraser Range nickel-copper-cobalt project (100%) Prospective corridor of good potential hostrocks (mafic/ultramafic intrusives) with minor nickel sulphide Hurley (LEG) occurrences and/or EM conductors This also contained a magnetic “eye” – reminiscent of that which led to the Nova discovery This was
Slide 12: Fraser Range nickel-copper-cobalt project (100%)
Fraser Range nickel-copper-cobalt project (100%) The EM conductor is a very striking and unambiguous anomaly in a sea of bland background The butterfly shape reflects the shape of the electromagnetic field around the conductor – just like a magnetic field around a magnet 11
Slide 13: Fraser Range nickel-copper-cobalt project (100%)
Fraser Range nickel-copper-cobalt project (100%) Initial 400m spaced EM lines were infilled with 200m spaced lines Modelling of the anomaly defines an 800m long, 160m high, strongly conductive body plunging gently to the northeast The southernmost up-dip and up- plunge end of this conductor is locat
Slide 14: Jillewarra gold & base metal project (earning 70%)
Jillewarra gold & base metal project (earning70%) A new farm-in Covers 790km2 and 50 strike kilometres of a relatively unexplored greenstone belt 50km west of Meekatharra in the Murchison Goldfields of WA 13
Slide 15: Jillewarra gold & base metal project (earning 70%)
Jillewarra gold & base metal project (earning 70%) Located in a highly endowed gold region, including the Mt Magnet and Meekatharra mining camps with collective endowment of ~20Moz gold Located midway between EMR’s tier 1 Golden Grove Cu-Zn-Au VMS deposit (>70Mt) and Sandfire’s high grade DeGrussa C
Slide 16: Jillewarra gold & base metal project (earning 70%)
Jillewarra gold & base metal project (earning 70%) Contains numerous historic gold workings with high grade intercepts in limited shallow drilling 15
Slide 17: Jillewarra gold & base metal project (earning 70%)
Jillewarra gold & base metal project (earning 70%) Dorothy and Margueritta workings provide promising indications of high grade potential No drilling at depth >100m Very little drilling along trend 16
Slide 18: Jillewarra gold & base metal project (earning 70%)
Jillewarra gold & base metal project (earning 70%) Contains VMS prospective stratigraphy with Cu-Zn-Pb soil anomalies, untested EM conductors and even sub-cropping galena discovered by gold prospectors when metal detecting 17
Slide 19: West Murchison nickel-copper-PGE project (100%)
West Murchison nickel-copper-PGE project (100%) 880km2 under application awaiting grant Covers multiple Julimar-style Ni-Cu-PGE targets 18
Slide 20: West Murchison nickel-copper-PGE project (100%)
West Murchison nickel-copper-PGE project (100%) Contains 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 Infill and extension
Slide 21: Three Springs nickel-copper-PGE project (100%)
Three Springs nickel-copper-PGE project (100%) 478km2 recently granted Covers multiple Julimar-style Ni- Cu-PGE targets north of Perth 20
Slide 22: Three Springs nickel-copper-PGE project (100%)
Three Springs nickel-copper-PGE project (100%) Contains several magnetic anomalies associated with mapped mafic and ultramafic rocks – thought to represent intrusions Work due to commence 21
Slide 23: Finland (100%)
Finland (100%) S2 owns a large part of the Central Lapland Greenstone Belt (CLGB) which contains tier1 gold and nickel-copper-PGE deposits This includes Agnico Eagle’s 10Moz Kittila gold mine and Anglo American’s giant Sakatti Ni-Cu-PGE deposit Despite this the district is very underexplored 22
Slide 24: Finland: why Finland?
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: 4
Slide 25: Finland: Aarnivalkea gold prospect
Finland: 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 24
Slide 26: Finland: Aarnivalkea gold prospect
Finland: Aarnivalkea gold prospect The high grade BOT anomaly was diamond drilled, resulting in the discovery of the Aarni’ gold prospect 25
Slide 27: Aarnivalkea gold prospect
Aarnivalkea gold prospect Aarni’ is a broad zone of multiple gold mineralized lodes, open down dip and along strike 26
Slide 28: Finland: Aarnivalkea gold prospect
Finland: Aarnivalkea gold prospect Potential southerly plunge of gold mineralized zone at Aarnivalkea could not be drilled last winter due to unusually warm weather preventing rig access onto a swampy area Two “wildcat” diamond holes have now been planned, collared on dry land and drilled flat (30-4
Slide 29: Finland: Ruopas magmatic nickel-copper-PGE target
Finland: 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-cobal
Slide 30: Finland: Ruopas magmatic nickel-copper-PGE target
Finland: 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 cont
Slide 31: Finland: Ruopas magmatic nickel-copper-PGE target
Finland: 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 N
Slide 32: Finland: Ruopas magmatic nickel-copper-PGE target
Finland: 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
Slide 33: Polar Bear nickel project (100% nickel rights)
Polar Bear nickel project (100% nickel rights) S2 inherited Polar Bear from its precursor company Sirius Resources After discovering the Baloo gold deposit S2 sold the project but retained the nickel rights The area covers 806km2 of the southerly strike continuation of the nickel-prolific Widgiemool
Slide 34: Polar Bear nickel project (100% nickel rights)
Polar Bear nickel project (100% nickel rights) Polar Bear is located on one of the most productive nickel belts in the world 33
Slide 35: Polar Bear nickel project (100% nickel rights)
Polar Bear nickel project (100% nickel rights) 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 34
Slide 36: Polar Bear: Taipan nickel prospect
Polar Bear: 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 drilli
Slide 37: Polar Bear: Gwardar nickel prospect
Polar Bear: 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 36
Slide 38: TRT's Berkshire nickel-copper-PGE target (S2 18.5% shareholding)
TRT’s Berkshire nickel-copper-PGE target (S2 18.5% shareholding) Through its 18.5% shareholding in ASX-listed explorer Todd River resources (ASX:TRT), S2 has exposure to several WA and NT exploration plays including the Berkshire Valley project Berkshire contains Julimar-style mafic/ultramafic intru
Slide 39: TRT's Berkshire nickel-copper-PGE target (S2 18.5% shareholding)
TRT’s Berkshire nickel-copper-PGE target (S2 18.5% shareholding) Chalice’s Julimar project Todd River’s Berkshire project The Berkshire project contains two elongate NNE trends of mafic-ultramafic intrusives considered to be analogous in scale and orientation to those at Chalice Gold’s Julimar proje
Slide 40: Schedule
Schedule The next six months will see potential high impact activities including: • Drilling the EM conductor at Fraser range • Drilling the potential southerly plunge continuation of Aarni’ in Finland • Drilling the EM conductor at Ruopas in Finland • Kicking off systematic exploration of the jille
Slide 41: Investor presentation: 7th October 2020
Investor presentation: 7th October 2020
S2 Resources — 121 Investor Presentation (October 2020) on 6ix