Strickland Metals Ltd · ASX:STK
Strickland Metals — Investor Presentation (October 2023)
15 slides from Strickland Metals's investor presentation, Oct 11, 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 ▪ October 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
Corporate Snapshot Board For personal use only Anthony McClure Non-Executive Chairman Mark Cossom Non-Executive Director David Morgan Non-Executive Director Trent Franklin Non-Executive Director Capital Structure Management ASX Ticker STK Shares on issue 1,600,240,998 Andrew Bray Chief Executive Off
Slide 4: Strickland Metals Ltd
Strickland Metals Ltd: For personal use only ✓ Strong Balance Sheet - ~$61m Millrose sale to NST ✓ Excellent, underexplored tenement package on the world class Yandal greenstone belt ✓ Proven management team – new discoveries and execute transactions 4 www.stricklandmetals.com.au
Slide 5: A busy start to FY23-24
• Completion of ~$61m sale of Millrose to Northern Star Resources Ltd ($41 million cash and 1.5 million fully paid ordinary NST shares)1 For personal use only • Commencement of large 50,000m aircore program has yielded: • Marwari Discovery – HWAC1472: 31m @ 5.6g/t Au from A busy start to 72m 2 • Kon
Slide 6: Yandal Gold Project
For personal use only Yandal Gold Project • Multiple Millrose look-alike targets along strike • Existing unconstrained resource base of 257Koz1 • Additional discoveries in short time – Marwari and Konik • Proven exploration methodology • Fully funded explorer after completion of ~$61m sale of Millro
Slide 7: Recent Horse Well Discoveries
For personal use only Recent Horse Well Discoveries: • Marwari HWAC1472: 31m @ 5.6g/t Au from 72m • Konik HWAC1488: 58m @ 1.7g/t Au from 17m • Identification of Pegasus trend • Over halfway through the 50,000m aircore program – numerous high priority areas to test before year’s end • RC and Diamond
Slide 8: Marwari
Marwari For personal use only • Discovery hole HWAC1472: 31m @ 5.6g/t Au incl 8m @ 17.7g/t Au • Previously undrilled • Structure traceable in geophysics for ~1.5km south • Key BIF marker horizon – similar to Millrose • A number of holes completed along strike – assays pending 8 www.stricklandmetals.
Slide 9: Konik
Konik For personal use only • Discovery hole HWAC1488: 58m @ 1.7g/t Au from 17m incl 10m @ 4.2g/t Au • Previously undrilled shear zone – incorrect drill orientation • Structure traceable in geophysics for ~600m south • A number of holes completed along strike – assays pending 9 www.stricklandmetals.
Slide 10: Pegasus
Pegasus For personal use only • Re-examination of regional geophysics datasets – target extensions of BIF unit at Marwari • ~3km long Pegasus trend identified to the NW of Marwari • Never been drilled • Same geology – BIF unit, shearing, veining, alteration • Large new exploration frontier 10 www.st
Slide 11: Great Western
Great Western For personal use only ✓ Large scale gold target ✓ Strong magnetic ‘bullseye’ feature ✓ Coincident surface Geochem (Au-Mo-Cu-Ag-S-Te-Sb) ✓ Regional granite flexure setting ✓ IP anomaly ✓ Adjacent demagnetised granite ✓ Proximal to significant gold mineralisation at Horse Well 11 www.str
Slide 12: Rabbit Well
Rabbit Well For personal use only • Large scale base metal target • Gravity high key to strongest mineralisation at Iroquois • Gravity at Rabbit Well more impressive and coherent • Strong Cu-Zn-Pb-Ag surface geochemical anomaly • IP anomaly • Ideal basin contact geological setting • Stratigraphy fav
Slide 13: Remainder of 2023
Remainder of 2023… For personal use only • Heritage survey • Underway • AC Drilling • Continuation of 50,000m aircore program until mid- December 2023 • RC Drilling • Rig arriving last week of October 2023 • Testing the Marwari and Konik structures • Test any other new structures identified from air
Slide 14: 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 underexplored, shallow, Key Strong Pipeline of Targets existing resources • High grade polymetallic Zinc-Lead-Silver m
Slide 15: Thank you.
For personal use only Thank you. 15 October 2023 | Corporate Presentation
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