Strickland Metals Ltd · ASX:STK
Strickland Metals — Shareholder Meeting (November 2021)
22 slides from Strickland Metals's shareholder meeting presentation, Nov 30, 2021
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 AGM Presentation| November 2021 | Andrew Bray, Chief Executive Officer
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: 2021: Transformational Year for Strickland
For personal use only ✓Major reset for the Company • New Board and Management in April 2021 • Approximately AUD30m fresh equity capital raised 2021: • Major consolidation of gold tenure over NE Flank of Yandal belt Transformational • Fully funded for 2022 programs • New discovery at Iroquois Zn-Pb Y
Slide 4: Board
Anthony McClure Highly experienced executive and geologist; ex (Non Executive Chairman) Nickel Mines Ltd, Bolnisi Gold NL, European Gas Ltd; For personal use only 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 (CEO) 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 Consultant) Gateway Mining
Slide 6: 2021 Timeline to date – busy eight months
For personal use only 2021 Timeline to date – busy eight months 1 April 12 April 19 May 23 June 19 July 14 October 30 Nov Previous Board Appointment of Rights Issue Acquisition of 15,000m aircore Announcement of Announcement resigns and new new technical successfully closes Millrose Gold drilling an
Slide 7: Capital Structure
For personal use only Capital Structure Shares Currently on issue 1,251,557,693 @ 7c mkt cap = ~$88m Cash ~15.5m 30 Nov 2021 Options and Performance Rights STKOA 186,234,413 Ex $0.036; expiry May 2024 Performance rights 43,000,000 issued on 10c & 20c price hurdles Board and Management 13% Other opti
Slide 8: Yandal Gold Project
For personal use only Yandal Gold Project 8 www.stricklandmetals.com.au
Slide 9: 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 10: Millrose Overview
Millrose Overview For personal use only 10 www.stricklandmetals.com.au
Slide 11: 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 12: Millrose Long Section
Millrose Long Section For personal use only 12 www.stricklandmetals.com.au
Slide 13: Millrose Exploration Upside
Millrose Exploration Upside For personal use only • Outstanding opportunity to rapidly add gold ounces • 23,000m (Diamond and RC) resource drill out program planned to commence January 2022 • ‘Gap’ in between the north and south deposits not included in past resource calculations • 3km of combined s
Slide 14: Yandal Gold Project
For personal use only Yandal Gold Project 14 www.stricklandmetals.com.au
Slide 15: Dusk til Dawn – current drilling
Dusk til Dawn – For personal use only current drilling • 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 • New results r
Slide 16: Dusk til Dawn – current drilling
Dusk til Dawn – For personal use only current drilling • Correct orientation on mineralised plunge • Assays from Holes 11 to 14 are pending (expected before the end of the year) • Resource re-modelling scheduled to commence in Dec 2021 • Likely to lead to increase in both grade and tonnage of the Mi
Slide 17: 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 18: Iroquois: Zn-Pb Discovery in Earaheedy Basin
For personal use only Iroquois : Zn-Pb Discovery in Earaheedy Basin 18 www.stricklandmetals.com.au
Slide 19: Iroquois – Zn-Pb
Iroquois – Zn-Pb For personal use only • New Discovery within the Iroquois Dolomite • IQRC001: 23m @ 5.5% Zn + Pb (combined) from 108m (true depth 90m), including; • 14m @ 4.5% Zn from 108m and 9m @ 7% Zn + Pb from 135m • IQRC003: 12m @ 5.4% Zn + Pb (combined) from 58m (true depth 50m), including; •
Slide 20: Iroquois – Zn-Pb Next Steps
Iroquois – Zn-Pb For personal use only Next Steps • Surface geochemical programs commencing shortly to look for repeats • Planning underway for programs to commence Q1 2022 • Over 20km of fault structures to test within the potential mineralised corridor 20 www.stricklandmetals.com.au
Slide 21: Upcoming news flow
Upcoming news flow • 15,000m aircore program at Horse North – assays due mid For personal use only Dec • 8,500m RC program underway – completion in mid Dec 2021 Plans for • Assays due in late Dec for Holes 11 to 14 from Dusk til Dawn • Assays due in late Dec from follow up Iroqouis drilling remainde
Slide 22: Thank you.
For personal use only Thank you. AGM Presentation| November 2021 | Andrew Bray, Chief Executive Officer 22
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