Strickland Metals Ltd · ASX:STK
Strickland Metals — Shareholder Meeting (November 2022)
25 slides from Strickland Metals's shareholder meeting presentation, Nov 30, 2022
Slide 1: Unlocking the North Eastern Flank of the Yandal Belt
‘Unlocking the North Eastern Flank of the Yandal Belt’ For personal use only 1 STK AGM Presentation| November 2022 |
Slide 2: 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 3: 2022: Exciting year of achievements
✓2022: Major drilling underway at Millrose For personal use only • Significant expansion of current Millrose Mineral Resource footprint • Successful delineation of depth extensions • Discovery of the high-grade Wanamaker lode 2022: Exciting • Discovery of substantial new oxide gold (now continuous ~
Slide 4: 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 5: Key Management
For personal use only Andrew Bray 10+ years in formation, financing and (Chief Executive Officer) development of natural resource companies, incl Gateway Mining Ltd, Silver Mines Ltd, Futura Resources Ltd amongst others. Peter Langworthy Highly respected geologist; previous director (Technical Manag
Slide 6: Capital Structure
For personal use only Capital Structure Shares Currently on issue 1,436,902,002 @ 4.5c mkt cap = ~$64.7m Current Board and Management appointed Cash ~$2.23m* 30 Sep 2022 *Subsequent completion of SPP shortfall and placement of additional $1.78m as announced on 28 October 2022 Options and Performance
Slide 7: Yandal Gold Project
For personal use only Yandal Gold Project 7 www.stricklandmetals.com.au
Slide 8: 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 9: Millrose Overview
Millrose Overview For personal use only 9 www.stricklandmetals.com.au
Slide 10: 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 11: Millrose – Historic Exploration
Millrose – Historic Exploration Millrose Long Section Pre-STK For personal use only Millrose South Millrose Central Millrose North An initial 2022 program of drilling was designed to: • Enhance understanding of the mineralisation controls; • Reduce drilling density to 20m x 20m within zones of highe
Slide 12: Millrose – Drilling and Assays
Millrose – Drilling and Assays Millrose Long Section 2022 For personal use only Millrose South Millrose Central Millrose North Wanamaker • 3.2km long strike length of continuous oxide mineralisation; • Defined the extents of surface laterite mineralisation; • Work by Strickland Metals in 2022 has co
Slide 13: Millrose Assay Highlights 2022 Drilling
Millrose Assay Highlights 2022 Drilling: For personal use only Millrose North: Wanamaker: • MRRC140: 5m @ 11.5g/t Au fr 68m, and 65m @ 4.4g/t Au fr 95m • MRRC329: 7m @ 22.2g/t Au fr 72m • MRRC142: 10m @ 13g/t Au fr 66m • MRRC347: 5m @ 14.5g/t Au fr 67m • MRRC087: 2m @ 10.9g/t Au fr 58m and 25m @ 5.1
Slide 14: Millrose – Micro XRF
Millrose – Micro XRF Millrose Metallurgy For personal use only • µXRF work shows that gold is free (non- refractory) and hosted in D3 NE-cutting carbonate vein sets. • Check-assay work in 2016, comparing Fire Assay and Aqua Regia methods (correlation coefficient of 0.996), indicated that the ore at
Slide 15: Yandal Gold Project – Exploration Upside
For personal use only Yandal Gold Project – Exploration Upside • ~100km strike largely untested • Only 26% of historic drilling at depths greater than 100m • Multiple targets for follow up • Focus on adding to resource inventory along strike for 2023 programs 15 www.stricklandmetals.com.au
Slide 16: 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 17: 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 • Strickland results include: ➢ DT
Slide 18: Yandal Gold Project – Exploration Upside
For personal use only Yandal Gold Project – Exploration Upside • ~100km strike largely untested • Only 26% of historic drilling at depths greater than 100m • Multiple targets for follow up • Focus on adding to resource inventory along strike for 2023 programs 18 www.stricklandmetals.com.au
Slide 19: Exploration Upside – Horse Well
Exploration Upside For personal use only Horse Well • Existing resources at Horse Well are Palomino, Filly SW, Filly Central and Warmblood • Total inferred resource sits at 150Koz • Total oxide component consists of around 80Koz @ 1.9g/t • Significant upside with Bronco, and Clydesdale not having be
Slide 20: STK Gold Prospectivity – Exploration Upside
STK Gold Prospectivity – Exploration Upside For personal use only Big Daddy Au Trend Dusk til Dawn 109Koz Django, Halley’s, Pony and Mustang Prospects These prospects cover an extensive 16km anomalous BOH Au gold trend in the northern part of the Yandal Horse Well Project, that in places has only be
Slide 21: Earaheedy Basin Project - Iroquois
For personal use only Earaheedy Basin Project - Iroquois 21 www.stricklandmetals.com.au
Slide 22: Iroquois: Zn-Pb Discovery in Earaheedy Basin
For personal use only Iroquois : Zn-Pb Discovery in Earaheedy Basin 22 www.stricklandmetals.com.au
Slide 23: Iroquois – Zn-Pb
Iroquois – Zn-Pb For personal use only • Discovery by STK in October 2021 • IQRC001: 23m @ 5.5% Zn+Pb fr 108m • Limited follow up drilling due to focus on Yandal Gold Project • Follow up work since discovery includes: • Substantial soil sampling • Gravity surveys • Geological mapping • Outstanding e
Slide 24: 2023 Plans
• Complete the Iroquois spin-out and in-specie distribution For personal use only • Upgrade the existing Mineral Resource • Commence resource drilling to fully define the Wanamaker lode and the Central lode • Continue growing the Millrose mineralised footprint • Undertake drilling at the Bronco and
Slide 25: Thank you
For personal use only Thank you. 25
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