Siren Gold Ltd · ASX:SNG
Siren Gold — West Coast Minerals Forum 2024
37 slides from Siren Gold's conference presentation, Oct 3, 2024
Slide 1: West Coast Minerals Forum 2024
West Coast Minerals Forum 2024 Investor Presentation 03 October 2024
Slide 2: Disclaimer and Forward-looking Statements
Disclaimer and Forward-looking Statements These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have COMPETENT PERSONS STATEMENT - Siren been prepared by Siren Gold Limited ACN 619 211 826 (Company). The information contained in this report rela
Slide 3: Projects: Reefton and Sams Creek
Projects: Reefton and Sams Creek Reefton Goldfield • Reefton is a large historic NZ goldfield with previous gold production totalling 11Moz from alluvial, open cut and 85 historic underground mines • Dominant ~821km2 tenement package across the Reefton Goldfield • Siren’s current MRE of 483koz @ 3.8
Slide 4: Consolidating the Reefton Goldfield
Consolidating the Reefton Goldfield • Siren entered into a definitive agreement with Rua Gold Inc. (“RUA”) (TSXV: RUA) for the sale of its Reefton Gold Project for A$20.0 million in cash CSE: RUA Resource: drilling and RUA shares (the “Transaction”) (MC~ A$45M) • Siren Shareholder vote on the 17th o
Slide 5: New Siren Gold: Sams Creek and Consolidated Reefton Project
New Siren Gold: Sams Creek and Consolidated Reefton Project Strengthened balance sheet • Over $20M in cash and shares in RUA with no debt Sams Creek Project (81.9% Siren) • Joint Venture with New Zealand’s largest gold miner, OceanaGold (TSX:OGC) holding (18.1%) • The porphyry dyke system is mapped
Slide 6: Government: Fast-Track Approvals Bill
Government: Fast-Track Approvals Bill A proposed bill designed to fast-track the approval processes for economically 40% significant projects in New Zealand: • A one-stop & centralised framework to 28% streamline regulations and eliminate delays caused by multiple regulatory approvals. • Enhanced ef
Slide 7: Corporate Overview
Corporate Overview Share Price Performance (ASX:SNG) Capital Structure Current Pro-forma Volume Adj Close $0.10 3.5 Shares on Issue 207.2m 207.2m $0.08 3.0 Share Price1 A$0.072 A$0.072 Volume (millions) Share Price (A$) 2.5 Market Capitalisation A$15.0m A$15.0m $0.06 2.0 Cash & listed investments 1.
Slide 8: Sams Creek Project
SAMS CREEK PROJECT (To be retained by Siren)
Slide 9: Sams Creek: 824koz and growing
Sams Creek: 824koz and growing • JV Siren (81.9%) Oceana Gold (18.1%) • Located outside the National Park boundary • Access Agreement with Department of Conservation in place • Hydro power available • Takaka Port accessible Mineral Resource Estimate (MRE) at a 1.5g/t Au cut-off (100% basis) Category
Slide 10: Sams Creek: 7km strike - Resource of 824koz @ 2.8g/t Au over 2kms
Sams Creek: 7km strike - Resource of 824koz @ 2.8g/t Au over 2kms SC19: 183m @ 2.46 g/t Au 10 Siren Gold | www.sirengold.com.au
Slide 11: Two Targets: Dyke (Au) and Porphyry Intrusions (Au-Cu-REE)
Two Targets: Dyke (Au) and Porphyry Intrusions (Au-Cu-REE) Dyke has Significant Exploration Upside - 7km Long x 40m Wide & Open at Depth 11 Siren Gold | www.sirengold.com.au
Slide 12: Sams Creek: Circular Structures and As soil geochemistry
Sams Creek: Circular Structures and As soil geochemistry LiDAR As Soil Geochemistry 12 Siren Gold | www.sirengold.com.au
Slide 13: Sams Creek: Ionic Leach Survey – Au-As-Zn, Cu, LREE & HREE
Sams Creek: Ionic Leach Survey – Au-As-Zn, Cu, LREE & HREE MRE 824koz @ 2.8g/t Au 13 Siren Gold | www.sirengold.com.au
Slide 14: Sams Creek: Dyke REE Analysis
Sams Creek: Dyke REE Analysis Au Only P4 P5 D5 P6 P3 D4 D3 D2 14 Siren Gold | www.sirengold.com.au
Slide 15: Sams Creek: Main & Anvil Zone – Dyke & Porphyry Targets
Sams Creek: Main & Anvil Zone – Dyke & Porphyry Targets Dyke Targets (D) D5 D D D • IL highlights the Dyke MRE -strong Au-As anomaly over 1.1 kms D D D D D D D • Remaining dyke have the same Au-As D D D D5 D signature and close to outcrop. D Porphyry Targets (P) • These targets have a strong Au-Cu-R
Slide 16: Sams Creek: Potential Porphyry Intrusion?
Sams Creek: Potential Porphyry Intrusion? Planned Program • Surface Mapping above IL porphyry targets- ~ 2km wide evidence of alteration sulphide veining. • Mineralogical Assessment of the dyke to see if any changes down dip and/or along strike. • Peer review to assess Porphyry targets • Scoping Stu
Slide 17: Key Takeaways “Mining is Back”
Key Takeaways Value creating transaction with RUA • Strengthens Siren’s balance sheet: A$20M in cash and listed investments • Consolidating the Reefton Belt with RUA and Siren’s tenements forming a +1,242 km2 strategic land holding • ~26% ownership of a larger Reefton Project as well as RUA’s very p
Slide 18: Thank you ASX:SNG
Thank you ASX:SNG T: (08) 6458 4200 Victor Rajasooriar E: admin@sirengold.com.au Managing Director & CEO W: www.sirengold.com.au
Slide 19: Reefton Project
Appendix REEFTON PROJECT (~26% equity interest following Transaction)
Slide 20: Reefton Hub: Infrastructure
Reefton Hub: Infrastructure Operating Coal Mine CSE: RUA Resource: drilling (MC~ A$45M) ASX: SNG 444koz @ 3.8g/t Au, 8.7kt Sb (MC ~ A$15.6M) Operating Coal Mine Operating Coal Mine Australian Super Invests ~ A$200M Resource: ~ 700koz Siren Gold | www.sirengold.com.au 20 20 Siren Gold | www.sirengold
Slide 21: Reefton: Epizonal Gold and Antimony Mineralisation
Reefton: Epizonal Gold and Antimony Mineralisation Adapted Conceptual orogenic gold deposit model form Goves etal 1998. 21 21 Siren Gold | www.sirengold.com.au
Slide 22: Reefton: Shoots can extend for +2kms down plunge
Reefton: Shoots can extend for +2kms down plunge Federations Snowy River Mine Development Sirens Alexander River (~8 km from Blackwater) Shoot extends for +2.0kms down plunge Shoot extends for +1.3kms down plunge 22 22 Siren Gold | www.sirengold.com.au
Slide 23: Reefton: Fraternal Zone – MRE 140koz @ 7.1g/t AuEq
Reefton: Fraternal Zone – MRE 140koz @ 7.1g/t AuEq Lyell – high-grade drill targets Auld Creek – 210koz @ 7.7g/t AuEq Cumberland – high-grade drill targets Supreme – 100koz @ 3g/t Au Big River – 100koz @ 4g/t Au Alexander River - 170koz @ 5g/t Au 23 Siren Gold | www.sirengold.com.au
Slide 24: Reefton Auld Creek: Bonanza East Shoot -ACDDH015
Reefton Auld Creek: Bonanza East Shoot -ACDDH015 Total Intercept from 71m: 12.4m @ 5.3g/t Au, 14.9% Sb, 38.8g/t AuEq 5.6g/t Au, 19.7% Sb, 49.0g/t AuEq 4.2g/t Au, 25.1% Sb, 60.6g/t AuEq 9.5g/t Au, 6.9% Sb, 25.0g/t AuEq 5.6g/t Au, 19.7% Sb 8.7g/t Au, 26.6% Sb, 68.6g/t AuEq 4.4g/t Au, 30.7% Sb, 73.5g/t
Slide 25: Reefton: Fraternal Zone – MRE 140koz @ 7.1g/t AuEq
Reefton: Fraternal Zone – MRE 140koz @ 7.1g/t AuEq 25 Siren Gold | www.sirengold.com.au
Slide 26: Reefton: Bonanza East Zone –MRE 70koz @ 9.25 g/t AuEq
Reefton: Bonanza East Zone –MRE 70koz @ 9.25 g/t AuEq 26 26 Siren Gold | www.sirengold.com.au
Slide 27: Reefton: Fraternal Mineralised Fault
Reefton: Fraternal Mineralised Fault 27 Siren Gold | www.sirengold.com.au
Slide 28: Reefton: Lyell - 5km strike from Alpine United to United Victory Mines
Reefton: Lyell - 5km strike from Alpine United to United Victory Mines Disseminated Aspy Disseminated Aspy Mt Lyell North Trenches Grades • 7.0m @ 13.8g/t Au • 8.0m @ 6.3g/t Au United Victory Channels Grades • 3.0m @ 19.1g/t Au • 1.1m @ 36.0g/t Au 28 Siren Gold | www.sirengold.com.au
Slide 29: Reefton: Langdons – High-Grade Gold + Antimony
Reefton: Langdons – High-Grade Gold + Antimony • Langdons is ~50km SW of Reefton and operated from 1879 – 1952 • High-grade Au-Sb reefs were mined with grades up to 2,610g/t gold and 1,120g/t silver • Over one five year period gold production averaged 60g/t Au (2 oz/t) • A 150m wide gold, stibnite a
Slide 30: Reefton: Cumberland – 10km Strike from Auld Creek to Big River
Reefton: Cumberland – 10km Strike from Auld Creek to Big River • Oceana Gold’s Globe Progress Mine produced +1.0Moz @ 6g/t Au (431koz @ 12.4g/t Au UG and 665koz @ 1.9g/t Au in OceanaGold's recent OP) • Cumberland mineralisation extends for 3km south and is open in all directions • The Cumberland ten
Slide 31: Reefton: Big River Produced 136koz @ 34.1g/t Au
Reefton: Big River Produced 136koz @ 34.1g/t Au (~5 km from Blackwater) MRE 105koz @ 3.94g/t Au 650m deep shaft closed 1942 Big River Drill Hole Intercepts: • 6.6m @ 21.4g/t Au (Shoot 4) • 3.0m @ 18.5g/t Au (Shoot 4) • 2.0m @ 12.1g/t Au (Shoot 4) • 6.0m @ 5.1g/t Au (Shoot 4) • 5.9m @ 4.1g/t Au (Shoo
Slide 32: Reefton: Cumberland Happy Valley Shear Zone
Reefton: Cumberland Happy Valley Shear Zone UG mine development potential with 5 high grade shoots over a 2km strike 32 Siren Gold | www.sirengold.com.au
Slide 33: Outlook
OUTLOOK
Slide 34: Commodities: Gold & Antimony price chart
Commodities: Gold & Antimony price chart Average Quarterly Gold Price (USD$/Ounce) Average Quarterly Antimony Price (USD$/Tonne) $25,000 $20,000 $15,000 $10,000 $5,000 $0 • 4-year average price over USD~$1,800 per ounce • 4-year average price over USD~$12,000 per tonne • Has been hitting daily highs
Slide 35: Reefton: Critical Mineral Potential - Antimony (Sb)
Reefton: Critical Mineral Potential - Antimony (Sb) Antimony is extracted from Stibnite, and occurs in association with gold • Antimony is critical to the world production of solar panels, wind turbines, EV’s, energy storage batteries & armaments Strategic Defence Applications • Antimony is a critic
Slide 36: Siren Gold: World Antimony Production (110 kt pa) Russia + China = 85%
Siren Gold: World Antimony Production (110 kt pa) Russia + China = 85% RUSSIA & TAJIKISTAN Russia Production: 20kt Sb % of World Total: 18% Tajikistan Production: 17kt Sb % of World Total: 14% CHINA Production: 60kt Sb REST OF WORLD % of World Total: 52% Bolivia Production: 2.5kt Sb % of World Total
Slide 37: Mineral Resources: Sams Creek & Reefton – 17 September 2024
Mineral Resources: Sams Creek & Reefton – 17 September 2024 Siren’s Reefton Mineral Resource Estimate Cut-off Tonnes Au Ounces Sb Sb AuEq AuEq1( Project Status (g/t) (Mt) (g/t) (koz) (%) (Kt) g/t koz) Alexander River Inferred 1.5 1.07 4.95 169.6 4.95 169.6 Big River Inferred 1.5 0.83 3.94 105.5 3.94