S2 Resources Ltd. · ASX:S2R
S2 Resources — Diggers and Dealers 2024
33 slides from S2 Resources's conference presentation, Aug 5, 2024
Slide 1: Diggers and Dealers - exploration update
5 August 2024 Diggers and Dealers - exploration update
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: Project Locations
PROJECT LOCATIONS cor S2 Resources +Nicke-PGE sold O HoBarT ASX:S2R www.s2@resources.com.au
Slide 4: Greater Fosterville: Block 4 Granted to S2 – Drilling Started
GREATER FOSTERVILLE (S2 100%) BLOCK 4 GRANTED TO S2 – DRILLING STARTED 4
Slide 5: Searching for Another Swan Zone with Free Data and Mine Insights
GREATER FOSTERVILLE (S2 100%) SEARCHING FOR ANOTHER SWAN ZONE WITH FREE DATA AND MINE INSIGHTS Idealised cross section of controls on Swan-style gold mineralisation and saddle reefs 3D isometric block diagram showing schematic targets and schematic planned drilling Actual cross section of the Swan z
Slide 6: 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 6
Slide 7: Goornong Prospect First Cab Off the Rank
GREATER FOSTERVILLE (S2 100%) GRANTED LATE 2023, GOORNONG PROSPECT FIRST CAB OFF THE RANK The most obvious place to start is where Kirkland Lake (now Agnico Eagle) left off At Goornong a favourable target zone is interpreted to plunge south from a historic oxide resource The target comprises a south
Slide 8: Goornong Prospect – Successful Follow Up Drilling
GREATER FOSTERVILLE (S2 100%) GOORNONG PROSPECT – SUCCESSFUL FOLLOW UP DRILLING 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
Slide 9: 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 10: Glenlogan: An Outstanding Copper-Gold Target
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS First hole delayed but now underway @ ~450m Start of target zone expected @ ~ 700m 10
Slide 11: Glenlogan: An Outstanding Copper-Gold Target
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS S2 can earn <80% interest by spending A$6 million in 5 years Project is located in the Lachlan Fold Belt of central NSW District contains multiple Tier 1 copper and/or gold mines with a combined known endowm
Slide 12: Glenlogan: An Outstanding Copper-Gold Target
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS 6km 12
Slide 13: Glenlogan: RTP Magnetics Showing Bullseye High
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS RTP magnetics showing bullseye high with peripheral low LHS: Reduced-to-the-pole magnetics showing large central bullseye anomaly surrounded mag low halo RHS upper: 3D mag inversion model showing planned tra
Slide 14: Glenlogan: Logged Intrusives and Alteration
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS Logged monzonite Logged chlorite- Depth to bedrock: intrusives at end of hole sericite alteration in deeper weathering over monzonite and rhyolite more altered rocks? Independent lines of evidence are consis
Slide 15: Glenlogan: Schematic 3D Block Diagrams
GLENLOGAN (S2 EARNING UP TO 80%) AN OUTSTANDING COPPER-GOLD TARGET IN THE LAND OF THE GIANTS Schematic 3D isometric block diagram showing: Schematic 3D isometric block diagram showing: • surface mag anomaly as seen in RTP processed aeromagnetics • interpreted Ordovician and post-Ordovician stratigra
Slide 16: Warraweena: Most Anomalous Heavy Mineral Sample in Australia
WARRAWEENA (S2 EARNING 70%) THE MOST ANOMALOUS HEAVY MINERAL SAMPLE IN AUSTRALIA 16
Slide 17: Warraweena: Heavy Mineral Map of 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 18: Warraweena: Earn-in Terms and Geology
WARRAWEENA (S2 EARNING 70%) THE MOST ANOMALOUS HEAVY MINERAL SAMPLE IN AUSTRALIA S2 can earn a 70% interest in EL9269 by spending A$2.7 million by July 2027 Surrounding EL applications are 100% S2 Bedrock geology is concealed beneath alluvial sediments of the upper Darling River catchment Known conc
Slide 19: Warraweena: Gravity and Magnetic Anomalies
WARRAWEENA (S2 EARNING 70%) THE MOST ANOMALOUS HEAVY MINERAL SAMPLE IN AUSTRALIA Approx extent of gravity survey Approx extent of gravity survey Project area contains distinct magnetic and gravity anomalies hidden beneath the cover A distinct NE trending gravity high suggests a buried block of dense
Slide 20: Koonenberry
KOONENBERRY A BELT SCALE NICKEL-COPPER-PGE OPPORTUNITY 20
Slide 21: Koonenberry: 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 21
Slide 22: Koonenberry: Linear Gravity Ridge with Intrusive Sills
KOONENBERRY LINEAR GRAVITY RIDGE WITH NUMEROUS INTRUSIVE SILLS Numerous magnetic anomalies representing mafic-ultramafic sills (LHS) within a strong regional gravity high representing dense rocks (centre) and EM coverage to date (RHS) Land access agreements* signed, EM survey ongoing throughout 2024
Slide 23: Jillewarra Joint Venture
JILLEWARRA JOINT VENTURE SEARCHING FOR A THUNDERBOX / BIG BELL LOOKALIKE 36km of unexplored, under cover strike of the Karbah Shear Zone (KSZ) KSZ contains 2 major gold deposits along strike to the south (Big Bell and Never Never) Awaiting heritage protocol to enable grant of ELA’s 23
Slide 24: West Murchison: New Anomalies in Ni-Cu-PGE Province
WEST MURCHISON (S2 100%) NEW ANOMALIES IN THE NEW WEST YILGARN Ni-Cu-PGE PROVINCE 100% S2 following termination of transaction (counterparty could not meet conditions) Review of ultrafine soil sampling in 4 areas Each has significant Cu-Ni-Pd-Au anomalism over area of 3-4km strike Each is associated
Slide 25: West Murchison: Woodrarung and Yalgamine
WEST MURCHISON (S2 100%) NEW ANOMALIES IN THE NEW WEST YILGARN Ni-Cu-PGE PROVINCE Woodrarung Yalgamine 25
Slide 26: West Murchison: Aubrey South and Whitehurst
WEST MURCHISON (S2 100%) NEW ANOMALIES IN THE NEW WEST YILGARN Ni-Cu-PGE PROVINCE Aubrey South Whitehurst 26
Slide 27: S2 Corporate Metrics
S2 CORPORATE METRICS SHAREHOLDERS Insiders, 3.4% Creasy, 14.9% Other, 51.8% Insto's, 28.9% Corporate, 1.0% TOP 20 HOLDERS: 55% WELL FUNDED CAPITAL STRUCTURE NOTES Cash1 A$5.32M Shares on issue 451.86M 1. Cash at 30th June 2024 2. 38M shares in Trinex Minerals (ASX:TX3) @ A$0.003/share TX3 shareholdi
Slide 28: Summary
SUMMARY • Defined a LIVE gold mineralised structure at Fosterville with good grades, in wide spaced holes, directly along strike from Agnico’s active mining area at Robbins Hill, with just 8 holes • Started drilling a potentially HIGH IMPACT porphyry copper-gold target at Glenlogan • Getting the leg
Slide 29: Finland – Status
FINLAND – STATUS Outback Goldfields (TSX.V:OZ) has signed a Letter Of Intent to purchase S2’s wholly-owned Finnish subsidiary Sakumpu Exploration Oy for a total consideration of C$7 million* The proposed deal is subject to Outback completing a concurrent financing of ~C$5 million and other (exchange
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
Slide 31: S2 - Sirius
S2 - SIRIUS 2 • 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 – for discovery of Thunderbox, Waterloo & Nova- Bollinger mines, and 201
Slide 32: This Is What We Do – We Dare!
THIS IS WHAT WE DO – WE DARE! We DARE to seek BIG discoveries to create value We don’t dress up or rebadge old assets, or chase commodity bandwagons We explore - if our targets don’t deliver we walk and find others If our discoveries don’t make the grade or fit we monetise and move on: - by sale for
Slide 33: The Template - Sirius
THE TEMPLATE - SIRIUS The leverage of discovery transcends equity markets and commodity prices – and a BIG one has BIG leverage In an exploration bear market… Takeover offer Taipan drill intercept In a falling nickel price market… Bollinger discovery Market cap: from A$7M to A$1.8B - 257x / 25,700%