S2 Resources Ltd. · ASX:S2R
S2 Resources — Shareholder Meeting (November 2018)
35 slides from S2 Resources's shareholder meeting presentation, November 2018
Slide 1: Annual General Meeting 2018
Annual General Meeting 2018 Activities 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: In summary…
In summary… Our aim is to create and maximise value for shareholders by discovering and identifying early stage entry opportunities for major mineral deposits By identifying and acquiring highly prospective and under-explored properties By having a strong treasury with sufficient cash to explore eff
Slide 4: In summary…
In summary… Cash and investments total A$19.2 million*, comprising A$13.3 million cash & A$5.9 million liquid investments Top 20 shareholders include employees, Australian and international institutional investors, high net worth individuals and Mark Creasy Drilling for giant Carlin-style gold depos
Slide 5: Corporate / commercial
Corporate / commercial Experienced board with wide skill base and strong track record of creating value Jeff Dowling • 40 year career in financial sector as an accountant and former managing partner with Ernst & Young, WA Non-executive Chairman • Extensive experience in corporate finance and transac
Slide 6: Ecru, Nevada
Ecru, Nevada
Slide 7: Why Nevada?
Why Nevada? Endowment 3D model showing position of drill targets Demonstrably elephant country – numerous >10Moz gold deposits Exploration opportunity Surprisingly under-explored for such a major gold producing region Accessibility Exploration friendly infrastructure, topography and climate (counter
Slide 8: Why Ecru?
Why Ecru? Ecru is located 3D model in theposition showing heart ofof elephant country – adjacent to Barrick’s Cortez district drill targets landholdngs which contain ~50Moz gold Barrick’s recent Fourmile discovery reaffirms the potential and the opportunity in this district, comprising thick, extens
Slide 9: Ecru: elephant country
Ecru: elephant country Robertson Approximate location of S2’s Ecru project Trace of Abyss thrust Pipeline (~20Moz) Horse Canyon Fourmile Goldrush Cortez Hills (~10Moz) (~15Moz)
Slide 10: Ecru: gravity survey
Ecru: gravity survey Detailed gravity survey defines highs, lows and breaks Highs could be intrusions, upthrown blocks of prospective hostrock (limestones), or areas of shallower cover Lows could be areas of hydrothermal alteration (decalcification of prospective limestones), recent volcanics, or ar
Slide 11: Ecru: AMT survey
Ecru: AMT survey Detailed AMT survey defines broad, highly conductive zone measuring 2 kilometres across Could be conductive stratigraphy (carbonaceous or graphitic shale) in upper plate clastic rocks (the less prospective “caprocks” thrust over the more prospective lower plate limestones) Could be
Slide 12: Ecru: Combined gravity and AMT
Ecru: Combined gravity and AMT Combined gravity and AMT responses define distinct domains that may represent distinct zones of stratigraphy and/or alteration associated with mineralization Two initial deep reconnaissance holes are designed to test: • A highly conductive and dense zone • A highly con
Slide 13: Ecru: drilling in progress
Ecru: drilling in progress First two S2 stratigraphic diamond drillholes (NECD0001 & 0002) underway, testing main AMT anomaly Three historic holes drilled on the northern fringe of the S2 AMT anomaly (see next slide)
Slide 14: Ecru: drilling in progress
Ecru: drilling in progress The three historic holes drilled on the northern fringe of the AMT anomaly intersected anomalous levels of gold
Slide 15: Finland
www.szresources.com.au
Slide 16: Central Lapland Greenstone Belt: the opportunity
Central Lapland Greenstone Belt: the opportunity Good known endowment Proven endowment of significant gold and nickel-copper deposits, namely Agnico Eagle’s 8Moz Kittila gold mine and Anglo American’s Sakatti nickel-copper deposit (44.4Mt @ 1.9% Cu, 0.96% Ni, 0.04% Co, 1.46g/t Pt+Pd+Au) Limited effe
Slide 17: Examples of known and potential endowment
Examples of known and potential endowment Gold potential: all well explored (mature) gold belts show a Magmatic copper-nickel-PGM potential: Kevitsa mine (Boliden) similar number and size distribution of gold deposits and now the large Sakatti discovery (Anglo American): Abitibi: 39 deposits, 83.6mo
Slide 18: Examples of government data
Examples of government data The Finnish Geological Survey (GTK) has compiled excellent datasets* for exploration 25 kilometres Regional gravity image showing extent of greenstone belt and major Regional till geochemistry (colour) showing gold anomalism, draped intra-greenstone density domains and st
Slide 19: Central Lapland Greenstone Belt: the big question…
Central Lapland Greenstone Belt: the big question… If the CLGB is so well endowed why aren’t there more mines? Various factors have to date impeded area selection, have limited efficient and focussed exploration, and have lessened the chance of success The challenge is to find a way of narrowing the
Slide 20: 2018 ionic leach geochemical program on S2's CLGB tenure
2018 ionic leach geochemical program on S2’s CLGB tenure S2 commited to a district scale ionic leach survey following successful orientation trials in 2017 8 kilometres At 15,000 samples, this is probably one of the largest ionic leach surveys ever conducted Sampling was completed in late September
Slide 21: 2018 ionic leach survey defines new gold corridors at Paana
2018 ionic leach survey defines new gold corridors at Paana At Paana, ionic leach has defined two distinct gold trends with several discrete “hotspots”, within a broader belt of arsenic anomalism The anomalies are based on numerous samples and are spatially coherent, suggesting this is a real overbu
Slide 22: 2018 ionic leach survey defines new gold corridors at Paana
2018 ionic leach survey defines new gold corridors at Paana These anomalies coincide with magnetic breaks or gravity gradients, suggesting the structural control necessary for lode gold mineralization This provides a means of prioritizing “live” from structures the many magnetic/gravity structures t
Slide 23: Home
Home Ionic leach geochemical sampling has defined a 4 kilometer long linear gold anomaly on the Home licence The central part of this trend is concealed by bog and therefore not sampled An obvious place for follow up BOT drilling to verify its source
Slide 24: Putaanpera/Kerjonen
Putaanpera/Kerjonen Ionic leach geochemical sampling has defined a 3 kilometer long linear gold anomaly on the Putaanpera / Kerjonen licence, coincident with the trend of the Sirkka shear zone The eastern end of this trend is concealed by bog and therefore not sampled, so it may extend further east
Slide 25: Ruopas: searching for the next Sakatti-style deposit
Ruopas: searching for the next Sakatti-style deposit The CLGB is highly prospective for magmatic copper-nickel-PGM mineralization, as evidenced by Boliden’s Kevitsa mine and Anglo American’s Sakatti deposit, located further to the east in the same belt S2’s “Ruopas” licence covers a 25km long zone c
Slide 26: Ruopas: searching for the next Sakatti-style deposit
Ruopas: searching for the next Sakatti-style deposit Ionic leach geochemical soil sampling coverage of the Ruopas licence highlights a number of coincident nickel-copper anomalies. Most of these are also cobalt and palladium anomalies. Coincident Ni-Cu-Co- Pd anomalism is a signature of magmatic sul
Slide 27: Ruopas: searching for the next Sakatti-style deposit
Ruopas: searching for the next Sakatti-style deposit Channel 20 of the VEM survey highlights numerous EM anomalies. Many of these are strongly conductive, persisting into late time channels (channel 40). At this scale, any single point EM anomaly could be an expression of significant massive sulphid
Slide 28: Next
Next Ecru, Nevada: Two rigs drilling initial deep reconnaissance holes to assess stratigraphy, likely depth to target, and source and significance of gravity and AMT anomalies – ongoing until mid-December, assays expected Jan/Feb 2019 Finland: Base of till (BOT) drilling to tighten up large soil ano
Slide 29: Table of intercepts, Ecru
Table of intercepts, Ecru Annexure 1 The following Tables are provided to ensure compliance with the JORC code (2012) edition requirements for the reporting of exploration results. From To Interval Gold Hole ID Depth North East RL Dip Azimuth (m) (m) (m) (g/t) BIC-1 528.83 4467511 530234 1545 -90 00
Slide 30: ASX Announcement
ASX Announcement Annexure 1 The following Tables are provided to ensure compliance with the JORC code (2012) edition requirements for the reporting of exploration results. From To Interval Gold Hole ID Depth North East RL Dip Azimuth (m) (m) (m) (g/t) BIC-1 528.83 4467511 530234 1545 -90 000 NSI VIT
Slide 31: Criteria JORC Code explanation Commentary
Criteria JORC Code explanation Commentary Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this Samples were dried, crushed with a 500g split pulverised (total would be relatively simple (e.g. ‘reverse circul
Slide 32: Criteria JORC Code explanation Commentary
Criteria JORC Code explanation Commentary Laboratory Quality control procedures include submission of Certified Reference Materials (CRM’s), blanks and duplicate samples with each batch of samples. Selected samples are also Quality control procedures adopted for all sub- re-analysed to confirm anoma
Slide 33: Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary Whether the data spacing and distribution is sufficient to establish the degree of geological and Data spacing and distribution is not sufficient at this stage to grade continuity appropriate for the Mineral allow the estimation of mineral resources. Resourc
Slide 34: Criteria JORC Code explanation Commentary
Criteria JORC Code explanation Commentary Exploration done by Ivy Minerals, in JV partnership with Kinetic Gold (US) Inc (now a other parties wholly-owned subsidiary of RenGold), completed broad spaced enzyme leach and gravity surveying over the property. Limited information on any earlier explorati
Slide 35: Criteria JORC Code explanation Commentary
Criteria JORC Code explanation Commentary Relationship These relationships are particularly important in between the reporting of Exploration Results. mineralisation If the geometry of the mineralisation with respect widths and intercept to the drill hole angle is known, its nature should It is not