Strickland Metals Ltd · ASX:STK
Strickland Metals — Investor Presentation (June 2023)
17 slides from Strickland Metals's investor presentation, Jun 28, 2023
Slide 1: Unlocking the North Eastern Flank of the Yandal Belt
For personal use only ‘Unlocking the North Eastern Flank of the Yandal Belt’ ASX Code: STK 1 ▪ June 2023 | Corporate Presentation
Slide 2: Forward Looking Statements
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 third parties and though STK has n
Slide 3: Corporate Snapshot
For personal use only Corporate Snapshot Board Capital Structure Anthony McClure Non-Executive Chairman ASX Ticker STK Mark Cossom Non-Executive Director Shares on issue 1,589,758,488 David Morgan Non-Executive Director STKOA Expiring 15th May 2024 157,584,109 Trent Franklin Non-Executive Director P
Slide 4: Sale of Millrose Project to NST
• Binding Agreement with Northern Star Resources Limited (ASX:NST) for sale of STK’s Millrose Project For personal use only • Total consideration of ∼$61 million comprising $41 million cash and 1.5 million fully paid Sale of Millrose ordinary NST shares • Transaction allows STK to: Project to NST •
Slide 5: Company Overview
Company Overview For personal use only • Strategy: Consolidated a Tier 1 asset across the East Yandal Greenstone belt, within a 60km radius of Northern Star Resources’ Jundee Mill • Two clear investment opportunities 1. Develop gold prospects within potential truckable radius of Jundee mill – numero
Slide 6: Investment Highlights
• Recent Millrose Project divestment to Northern Star Fully Funded Resources (NST) for ∼$61million in cash and NST scrip For personal use only Investment Proven Success • Unlocked the potential at Millrose • Discovery of the Iroquois Zn-Pb-Cu-Ag mineralised system Highlights • Highly advanced gold t
Slide 7: How we unlocked Millrose
How we unlocked Millrose • 130% increase in the mineralised footprint over a 12-month period For personal use only • Developed a strong understanding of the geological and structural controls on gold mineralisation that can now be applied across the wider Yandal Project • Turned an unknown asset int
Slide 8: Yandal Gold Project
For personal use only Yandal Gold Project • Multiple Millrose look-alike targets along strike • Existing unconstrained resource base of 257Koz1 • Proven exploration methodology • Fully funded explorer – balance sheet of +$60m2 1. 5.72Mt@ 1.4g/t Au for 257,000 ounces. For further Mineral Resource det
Slide 9: Cowza-Mizina-Ward: The next Millrose
• High-grade gold mineralisation at Millrose is associated with a key BIF marker horizon • This horizon extends a further 25km north, that to date has been poorly drill Cowza-Mizina-Ward tested • Drilling at Cowza has focused only on the secondary, western Millrose structure ‘The next Millrose’ For
Slide 10: Horse-Well Project
For personal use only Horse-Well Project Resources • 1 million ounce+ potential • No systematic drilling since the 1990’s – similar scenario to Millrose • Large untested magnetic anomaly with a coincident 2.4km long Au (As, S, Ag, Te, Mo, Sb, Cu) surface geochemical target 10 www.stricklandmetals.co
Slide 11: Horse-Well Project: Dusk 'til Dawn Deposit
Horse-Well Project For personal use only Dusk ‘til Dawn Deposit • Mineral resource at the Dusk ‘til Dawn deposit of 109 koz1 • Re-modelling and follow-up drilling by Strickland has confirmed a southeast plunge to the lode (open at depth) and returned the following significant intercepts: ➢ DTDR001:
Slide 12: Horse-Well Project: Dusk 'til Dawn Region
For personal use only Horse-Well Project Dusk ‘til Dawn Region • Alteration at Dusk ‘til Dawn is associated with a 0.5mgal positive gravity anomaly • Multiple Dusk ‘til Dawn look-alike targets proximal to granite intrusives • Big Daddy Trend is a 5-kilometre-long gold anomaly from drilling that is c
Slide 13: Gold Exploration Strategy
For personal use only Gold Exploration Strategy • Strong pipeline of gold exploration targets all within a 60km radius of Jundee • Fully funded – major de-risking of Company via Millrose sale • Unconstrained 257Koz1 Au resource base with significant upside • Aggressive 18-month drilling campaign wit
Slide 14: High Grade Zinc Discovery at Iroquois
High Grade Zinc Discovery at Iroquois For personal use only • IQDD003 58 metres @ 4.3% Zn from 173m incl. 11.1m @ 6.7% Zn from 176m and 10m @ 12.2% Zn from 221m incl. 4.3m @ 27% Zn from 226.7m • Highest zinc grades intersected across the Earaheedy to date • IQDD004 – Assays Pending • IP, micro-gravi
Slide 15: The Next Months
The next 12 Months For personal use only • AC drilling at Cowza – commencing imminently - July 2023 • 40,000m of drilling at Horse Well, Dusk til Dawn, and Iroquois (combination of AC and Diamond) – July/August 2023 • 40,000m AC drilling along the 25km Cowza-Mizina-Ward trend and Western Horse Well
Slide 16: Investment Summary
• Recent Millrose Project divestment to Northern Star Resources For personal use only Fully Funded (NST) for ∼$61million in cash and NST scrip • Multiple advanced gold prospects and under-explored, shallow, Key Strong Pipeline of Targets existing resources • High grade polymetallic Zinc-Lead-Silver
Slide 17: Thank you
For personal use only Thank you. 17 June 2023 | Corporate Presentation
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