Strickland Metals Ltd · ASX:STK
Strickland Metals — RIU Sydney Resources Round-Up Conference 2022
22 slides from Strickland Metals's conference presentation, May 4, 2022
Slide 1: Investor Presentation: RIU Sydney Resources Round-Up Conference
Strickland Metals Limited Postal & Registered Office ACN 109 361 195 +61 (2) 8316 3991 info@stricklandmetals.com.au Suite 8, 7 The Esplanade www.stricklandmetals.com.au Mt Pleasant WA 6153 4 May 2022 Investor Presentation: RIU Sydney Resources Round-Up Conference For personal use only Strickland Met
Slide 2: Unlocking the North Eastern Flank of the Yandal Belt
‘Unlocking the North Eastern Flank of the Yandal Belt’ For personal use only RIU Sydney Resources Roundup Presentation| May 2022 | Andrew Bray, Chief Executive Officer 1
Slide 3: Disclaimer
Disclaimer For personal use only Forward Looking Statements: This presentation has been prepared by Strickland Metals Limited (STK). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from th
Slide 4: 2022: Strickland's most exciting year yet
For personal use only ✓2021: Major reset for the Company • New Board and Management in April 2021 • Approximately AUD30m fresh equity capital raised • Major consolidation of gold tenure over NE Flank of 2022: Strickland’s Yandal belt – current resource 600k ozs Au • New discovery at Iroquois Zn-Pb m
Slide 5: Board
For personal use only Anthony McClure Highly experienced executive and geologist; ex (Non Executive Chairman) Nickel Mines Ltd, Bolnisi Gold NL, European Gas Ltd; current Managing Director Silver Mines Ltd Mark Cossom Current Managing Director Gateway Mining Ltd; (Non Executive Director) formerly Do
Slide 6: Key Management
Andrew Bray 10+ years in formation, financing and development of (Chief Executive Officer) natural resource companies, incl Gateway Mining Ltd, For personal use only Silver Mines Ltd, Futura Resources Ltd amongst others. Peter Cash A highly experienced mining executive with more (Operations Manager)
Slide 7: Capital Structure
For personal use only Capital Structure Shares @ 6.9c mkt cap = ~$88m Currently on issue 1,280,839,500 (2 May 2022) Current Board and Management appointed Cash ~9.6m 31 Mar 2022 Options and Performance Rights STKOA 186,003,297 Ex $0.036; expiry May 2024 issued on 10c & 20c price hurdles Performance
Slide 8: Yandal Gold Project
For personal use only Yandal Gold Project 7 www.stricklandmetals.com.au
Slide 9: Yandal Gold Project Resource Base
For personal use only Indicated Inferred ALL CATEGORIES PROJECT PROSPECT GRADE Contained GRADE Contained GRADE Contained TONNES TONNES TONNES (g/t) Metal (oz) (g/t) Metal (oz) (g/t) Metal (oz) Resource Base Millrose TOTAL Millrose 4,300,000 4,300,000 1.90 1.90 264,000 1,700,000 264,000 1,700,000 1.5
Slide 10: Millrose Overview
Millrose Overview For personal use only 9 www.stricklandmetals.com.au
Slide 11: Millrose Project Overview
For personal use only Mineral Estimate carried out in 2016 by CSA Global Millrose Project Overview Tonnes Grade Contained Metals Category (Mt) Au (g/t) Au (oz) Millrose Gold and Millrose East: Indicated 4.3 1.9 264,000 • Nine exploration licenses and one mining lease application covering over 600km2
Slide 12: Millrose Long Section
Millrose Long Section For personal use only 11 www.stricklandmetals.com.au
Slide 13: Millrose assays released April-May 2022
Assays released 19 April 2022: For personal use only • MRRC089: 55m @ 2.4g/t Au from 86m • MRRC091: 31m @ 1.8g/t Au from 93m (incl 3m @ 6.8g/t Au from 93m, 6m @ 3.2g/t Au from 117m and 4m @ 2.1g/t Au from 120m) • MRDD001: 35.1m @ 1.94g/t Au from 136m • MRDD007: 17m @ 1.8g/t Au from 149m and 4.8m @ 4
Slide 14: Millrose Exploration Upside
Millrose Exploration Upside For personal use only • Outstanding opportunity to rapidly add gold ounces • 23,000m (Diamond and RC) resource drill out underway • ‘Gap’ in between the north and south deposits not included in past resource calculations • 13km of combined strike north and south – BIF uni
Slide 15: Yandal Gold Project
For personal use only Yandal Gold Project 14 www.stricklandmetals.com.au
Slide 16: Dusk til Dawn
Dusk til Dawn For personal use only • Existing 108,900 oz Au resource1 • Resource believed to have been previously incorrectly modeled • Now demonstrated there is a south-east plunge • Mineralisation remains entirely open at depth • New hangingwall load intersected • New results released 30 Nov 2021
Slide 17: Dusk til Dawn region
Dusk til Dawn region For personal use only • Major alteration corridors coincident with gold anomalism identified (biotite-calcic plagioclase-K feldspar-quartz-pyrite) • Alteration assemblage indicative of significant fluid flow (i.e. potential for a very large gold system) • Gravity features potent
Slide 18: Iroquois: Zn-Pb Discovery in Earaheedy Basin
For personal use only Iroquois : Zn-Pb Discovery in Earaheedy Basin 17 www.stricklandmetals.com.au
Slide 19: Iroquois – Zn-Pb Next Steps
Iroquois – Zn-Pb For personal use only Next Steps • Complete Heritage Surveys H12022 • Soil sampling program H1 2022 • IP geophysics program H1 2022 • Follow up drilling 18 www.stricklandmetals.com.au
Slide 20: Iroquois – New Discovery within the Iroquois Dolomite
Iroquois – Zn-Pb For personal use only New Discovery within the Iroquois Dolomite • IQRC001: 23m @ 5.5% Zn+Pb from 108m incl 9m @ 7% Zn+Pb • IQRC003: 12m @ 5.4% Zn + Pb from 58m • IQRC010: 8m @ 5.2% Zn from 95m and 5m @ 10.1% Zn + Pb from 110 m (within 18m @ 4.2% Zn + Pb) • IQRC004: 3m @ 7.6% Zn fro
Slide 21: Upcoming news flow
For personal use only Upcoming news flow • Samples currently at the lab: • 44x RC holes from the Millrose laterite drill out • 28x RC and Diamond/Diamond-tail holes • Assays have begun to be received Plans for 2022… 2022 Plans • Complete Millrose resource expansion program • Continue testing the she
Slide 22: Thank you
For personal use only Thank you. Andrew Bray, Chief Executive Officer 21
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