S2 Resources Ltd. · ASX:S2R
S2 Resources — Fremantle RIU Explorers Conference 2022
27 slides from S2 Resources's conference presentation, February 2022
Slide 1: Quality Tenure in the Hands of Serial Discoverers
Quality Tenure in the Hands of Serial Discoverers S2 Resources Fremantle RIU Explorers Conference February 2022 1
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: Fundamentals for Mineral Discovery
Fundamentals for Mineral Discovery THREE FUNDAMENTAL INGREDIENTS FOR DISCOVERY BEST PEOPLE, QUALITY TENURE & WELL FUNDED S2 team has made multiple economic discoveries: • Same team that discovered Nova-Bollinger deposit and took the project through to construction before A$1.3 billion takeover of Si
Slide 4: Targeting “Company Making” Discoveries
Targeting “Company Making” Discoveries STRONG SET OF PRINCIPLES DRIVING DISCOVERIES IN TIER 1 JURISDICTIONS Targeting “Company Making” greenfield discoveries • Targeting material discoveries that will propel S2 to a mid-cap or major resource company • Courage to explore in frontier provinces where p
Slide 5: Corporate Snapshot
Corporate Snapshot 6-Month Share Price Graph Current Shareholders Well funded Cash1 A$8.1m Investments2 A$4.5m Debt Nil Favourable capital structure Shares on issue 356.4m Notes Options onissue3 41.25m 1. Cash at 31th December 2021 Market Capitalisation4 A$64.2m 2. 75.2m shares in Todd River Resourc
Slide 6: A Team With a Track Record
A Team With a Track Record 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 Thunde
Slide 7: Exploring in Tier 1 Jurisdictions
Exploring in Tier 1 Jurisdictions Australia Finland 7
Slide 8: Quality Project Portfolio
Quality Project Portfolio Greater Fosterville, Vic (100%) • S2 awarded Block 4 in the highly competitive tender process surrounding the world class Fosterville mine • Licence application covering 394km2 over a 55km strike abutting and surrounding the Fosterville Mining Licence • Multiple known gold
Slide 9: Greater Fosterville – Most Sought After Block in Australia
Greater Fosterville – Most Sought After Block in Australia Greater Fosterville surrounds the world class +7.5Moz Fosterville Gold Mine • S2 awarded the best of four Blocks in the highly contested Government tender based on the company’s: • Exploration credentials • High ESG focus • Sizable block tot
Slide 10: Greater Fosterville – Walk-up Targets
Greater Fosterville – Walk-up Targets Walk up targets and prospects defined by previous explorers, however most are either undrilled or only shallow drilled • S2’s spending commitment is A$10.4m over 5 years, with modest ~A$2m commitments in the first 2 years • Kirkland Lake Gold has committed ~A$90
Slide 11: Greater Fosterville: Goornong South Target
Greater Fosterville: Goornong South Target Goornong South located 2.5km north of the Fosterville Mining Licence • Goornong sits on parallel structure to Robbin’s Hill / Curie Zone • Best historic intercept of 3.1m @ 5.0 g/t Au from 84.2m in GSDD090 • Plunge extents proven, but yet to be thoroughly t
Slide 12: Central Lapland Greenstone Belt (CLGB) Finland
Central Lapland Greenstone Belt (CLGB) Finland Strategic ~557km2 landholding in the CLGB World class gold and base metal projects including: • ~7.4Moz Kittilä gold mine • 298Mt Kevitsa Ni-Cu-precious metals mine • 44Mt Sakatti Cu-Ni-PGE deposit Recent 4Moz Ikkari gold discovery by Rupert Resource (R
Slide 13: Aarnivalkea: On the Cusp of a Significant Virgin Discovery
Aarnivalkea: On the Cusp of a Significant Virgin Discovery Aarnivalkea has potential to be a sizable, structurally hosted lode gold system • The system has scale: 1.3km shallow gold anomaly from scout diamond drilling • Propensity for high-grade intercepts, including: o 6.8m @ 11.8g/t gold from 223.
Slide 14: Polar Bear – A Live Nickel System
Polar Bear – A Live Nickel System S2 has the nickel rights to 568km2 of tenure • Continuation of the Kambalda – Widgiemooltha ultramafic sequence that hosts multiple world class nickel sulphide mines • Just south of Mincor Resources’ recent Cassini nickel discovery • Three zones of confirmed nickel
Slide 15: Polar Bear – Recommencing Exploration
Polar Bear – Recommencing Exploration • A review of Polar Bear has highlighted new nickel sulphide targets • Only ~1km out of 10km of prospective ultramafic komatiite stratigraphy tested to date • Majority of historical aircore drilling was focussed on gold and did not test for base metals • Previou
Slide 16: Western Yilgarn - A New Ni-Cu-PGE Frontier in the West
Western Yilgarn - A New Ni-Cu-PGE Frontier in the West Exposure to multiple prospective areas along the western edge of the Yilgarn Craton Chalice Mines’ (CHN:ASX) 330Mt Ni-Cu-PGE Julimar discovery has shown the potential of the region West Murchison - 693km2 of granted Exploration Licences • Anomal
Slide 17: Jillewarra Gold & Base Metals Project (earning 70%)
Jillewarra Gold & Base Metals Project (earning 70%) Farm-in with on an area covering 793km2 and 50km of prospective greenstone strike • Underexplored belt with little drilling below 70m depth • 50km west of Meekatharra in the Murchison Goldfields of WA, with an endowment of +20Moz gold • Midway betw
Slide 18: Koonenberry: Belt Scale Ni-Cu-PGE Potential
Koonenberry: Belt Scale Ni-Cu-PGE Potential Koonenberry is a belt scale project covering 2,712km2 Prospective for magmatic style Ni-Cu-PGE mineralisation A frontier region with little base metal exploration since Vale-Inco departed Australia in 2010 Cratonic margin setting similar to the Fraser Rang
Slide 19: Koonenberry: Analogous Setting to Well Known Ni Regions
Koonenberry: Analogous Setting to Well Known Ni Regions • Analogous geological setting to the Australian Fraser Range where the S2 team (as Sirius Resources) discovered Nova-Bollinger • Also analogous to the Canadian Circum-Superior Belt which hosts the giant Raglan and Thompson Ni-Cu camps • Rocks
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Slide 21: Appendices
Appendices Appendix 1 – Aarnivalkea scale comparison to Agnico Eagle Kittilä mine • Long section of Agnico Eagle’s Kittilä mine Appendix 2 – CLGB gold endowment compared to major gold-bearing greenstone belts Appendix 3 – Drill results from S2 drilling in the Chesterfield area of Jillewarra Appendix
Slide 22: Appendix 1: Aarnivalkea superimposed on Kittilä
Appendix 1: Aarnivalkea superimposed on Kittilä • S2’s exploration at Aarnivalkea is very shallow in comparison to Kittilä • Kittilä shows the potential for deep rooted structurally hosted gold systems in the region Aarnivalkea grade shells superimposed on the Kittilä Main Zone longitudinal section
Slide 23: Appendix 2: Finland CLGB Proving its Gold Potential
Appendix 2: Finland CLGB Proving its Gold Potential Zimbabwe Craton • Mature gold districts show a pattern of deposit scale distribution 55 deposits • The CLGB distribution is skewed – lacking 1Moz to 5Moz deposits 37Moz • What is driving this anomaly? o Immature exploration – first gold only discov
Slide 24: Appendix 3: Jillewarra - Chesterfield Region Drilling
Appendix 3: Jillewarra - Chesterfield Region Drilling First pass RC and aircore drilling at the Dorothy and Margueritta prospects completed in 2021. Better drill intercepts included: Dorothy: 20m at 1.9g/t gold from 92m, incl. 4m at 6.8g/t gold from 92m Margueritta South: 4m @ 11.1g/t from 28m Margu
Slide 25: Appendix 4: West Murchison nickel-copper-PGE project (100%)
Appendix 4: West Murchison nickel-copper-PGE project (100%) Woodrarung target 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
Slide 26: Appendix 5: Three Springs nickel-copper-PGE project (100%)
Appendix 5: Three Springs nickel-copper-PGE project (100%) Contains several magnetic anomalies associated with mapped mafic and ultramafic geology S2 recently completed first pass auger geochemical drilling with assays pending Ground EM planned for the March quarter 2022 26
Slide 27: Appendix 6: Todd River Resources Berkshire Valley Project
Appendix 6: Todd River Resources Berkshire Valley Project Chalice Mines Julimar Project Todd River: Berkshire Valley Project Source: CHN presentation dated 14 October 2021 Source: TRT presentation dated 3 August 2021 27
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