S2 Resources Ltd. · ASX:S2R
S2 Resources — Diggers'n'Dealers 2025
24 slides from S2 Resources's conference presentation, Aug 4, 2025
Slide 1: Diggers'n'Dealers presentation
Diggers’n’Dealers presentation 4 August 2025
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: Summary
SUMMARY • Born from takeover of Sirius by IGO in 2015 • Same board and technical team – together through 4 companies / 25 years • Same shareholders as Sirius - already made $$$ • Understand, process, timelines, risk/reward - aligned and supportive • Includes Creasy (15%), Jupiter (15%, Paradice (9%)
Slide 4: S2 - Board
S2 - BOARD • Founding managing director and CEO of Sirius Resources and S2 Resources • PhD qualified geologist with >30 years experience Mark Bennett Executive Chairman • Two-time winner of the “Prospector of the Year” award and 2014 Mines & Money “Legend in Mining” • Experienced in equity capital m
Slide 5: S2 Corporate Metrics
S2 CORPORATE METRICS SHAREHOLDERS 6 MONTH SHARE PRICE CHART TOP 20 HOLDERS: 56.8% FINANCIALS CAPITAL STRUCTURE Cash1 A$4.30M Shares on issue3 499.94M NOTES 1. Cash at 30th June 2025 Investments2 A$8.07M Options on issue4 65.32M 2. 14.375M shares in Valkea (TSXV:OZ) @ C$0.50/share and FX rate of 1.12
Slide 6: Project Status
PROJECT STATUS Gold Gold-copper Copper-nickel-PGE Multiple commodities West Murchison RC drilling starting in next few weeks to test strong Julimar-style Cu-Pd-Pt-Au Warraweena soil anomaly at Yalgamine 4. Diamond drilling to test smorgasbord of multi- commodity geophysical targets in next 2 months
Slide 7: Greater Fosterville (S2 100%)
GREATER FOSTERVILLE (S2 100%) 7
Slide 8: The Tender Blocks – and the Importance of Block 4
GREATER FOSTERVILLE (S2 100%) THE 4 TENDER BLOCKS – AND THE IMPORTANCE OF BLOCK 4 N AGNICO MINING LEASE 8
Slide 9: Goornong Prospect Relative to Fosterville Mine
GREATER FOSTERVILLE (S2 100%) GOORNONG PROSPECT RELATIVE TO FOSTERVILLE MINE Composite long projection showing: • Intensity of drilling and distribution of grade on Agnico’s Fosterville mine lease • Lack of drilling on S2’s side of the boundary • Note that this is 2km composite and mineralisation is
Slide 10: Goornong Prospect – Early Drilling Success
GREATER FOSTERVILLE (S2 100%) GOORNONG PROSPECT – EARLY DRILLING SUCCESS The first 6 holes (1-6) have defined the overall framework, but with so many intercepts it was not possible to join the dots The next 2 holes (7 & 8) have tested the defined framework They have successfully identified a discret
Slide 11: Goornong Prospect – The Blackadder Fault Defined
GREATER FOSTERVILLE (S2 100%) GOORNONG PROSPECT – THE BLACKADDER FAULT DEFINED Blackadder fault strikes Photos of slides from a recent NNE, dips W, plunges N Agnico presentation showing the fault architecture at their Robbins Defined by intercepts in 4 Hill mining area – the Blackadder holes: Fault
Slide 12: Beyond Goornong
GREATER FOSTERVILLE (S2 100%) BEYOND GOORNONG Wenner array induced polarisation (WAIP) has been extended WAIP anomalies have been verified / finessed with dipole dipole induced polarisation (DDIP) Coincident chargeability – resistivity anomalies on three DDIP lines Closely related to strike extensio
Slide 13: Beyond Goornong
GREATER FOSTERVILLE (S2 100%) BEYOND GOORNONG Gold plus arsenic and antimony in aircore hole SFVA0048 Sitting above IP chargeability anomaly that may indicate disseminated hydrothermal sulphides at depth Associated with known “live” set of structures No drilling along strike to the south N No drilli
Slide 14: Big New Soil Anomalies in the New West Yilgarn Ni-Cu-PGE Province
WEST MURCHISON (S2 100%) BIG NEW SOIL ANOMALIES IN THE NEW WEST YILGARN Ni-Cu-PGE PROVINCE Ultrafine soil sampling in 4 target areas Significant soil anomalies identified over three of these areas (yellow ellipses) Each has significant Cu-Ni-Pd-Pt-Au anomalism over area of 3-4km strike Each is assoc
Slide 15: Comparison of Yalgamine & Nova Mag Eyes and Copper Anomalism
WEST MURCHISON (S2 100%) COMPARISON OF YALGAMINE & NOVA MAG EYES AND COPPER ANOMALISM Same-scale comparison of Yalgamine (LHS) with original soil anomaly over Nova (RHS) from December 2011 Sirius presentation 15
Slide 16: Comparison of Recon and Follow-up Soils at Yalgamine
WEST MURCHISON (S2 100%) COMPARISON OF RECON AND FOLLOW-UP SOILS AT YALGAMINE Comparison of original reconnaissance-stage anomaly (LHS) with recent infill sampling (RHS) 16
Slide 17: Yalgamine Has a Coherent, Strong Multielement Anomaly
WEST MURCHISON (S2 100%) YALGAMINE HAS A COHERENT, STRONG, 500m LONG MULTIELEMENT ANOMALY Copper Gold Platinum Palladium 17
Slide 18: The Most Anomalous Heavy Mineral Sample in Australia
WARRAWEENA (S2 EARNING 70%) THE MOST ANOMALOUS HEAVY MINERAL SAMPLE IN AUSTRALIA Recently published Heavy The sample collected in the Mineral Map of Australia Warraweena drainage showing the concentration catchment contains 10x of pentlandite, chalcopyrite more pentlandite and the and sphalerite in
Slide 19: A Smorgasbord of Potential Target Styles
WARRAWEENA (S2 EARNING 70%) A SMORGASBORD OF POTENTIAL TARGET STYLES S2 can earn a 70% interest in EL9269 by spending A$2.7 million by July 2027 Surrounding EL’s are 100% S2 Target geology is concealed beneath two layers of cover – younger rocks and alluvial sediments of the upper Darling River catc
Slide 20: Enticing Existing Geophysics
WARRAWEENA (S2 EARNING 70%) ENTICING EXISTING GEOPHYSICS Approx extent of gravity survey Approx extent of gravity survey Project area contains distinct magnetic and gravity anomalies hidden beneath two layers of cover (younger rocks + Darling basin alluvium) A distinct NE trending gravity high sugge
Slide 21: First Step Done – New Detailed Gravity Identifies Specific Targets
WARRAWEENA (S2 EARNING 70%) FIRST STEP DONE – NEW DETAILED GRAVITY IDENTIFIES SPECIFIC TARGETS Old regional gravity (LHS) New detailed gravity (RHS) New detailed gravity has highlighted linear highs and discrete bodies = denser stratigraphy and denser intrusions 21
Slide 22: Multiple Buried Targets Now Ready for Drill Testing
WARRAWEENA (S2 EARNING 70%) MULTIPLE BURIED TARGETS NOW READY FOR DRILL TESTING Integration of gravity with Targets over new detailed gravity Targets over magnetics magnetics shows three distinct target types: 1. Gravity high + magnetic high/low bullseye = dense (or shallow) and magnetic source: - m
Slide 23: The Hunt for Another Never Never at Jillewarra
5. THE HUNT FOR ANOTHER NEVER NEVER AT JILLEWARRA At a district scale the Karbah shear zone controls the location of Westgold’s Big Bell gold mine and Spartan’s (now Ramelius’) Dalgaranga (Never Never) gold discoveries 36km of strike of this shear zone passes through the Jillewarra project Under cov
Slide 24: 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