Siren Gold Ltd · ASX:SNG
Siren Gold — Technical Presentation (February 2022)
54 slides from Siren Gold's technical presentation, Feb 16, 2022
Slide 1: Reefton Goldfield, New Zealand – Exploration Update
For personal use only Reefton Goldfield, New Zealand Exploration Update – 16 February 2022
Slide 2: Disclaimer and Forward-looking Statements
Disclaimer and Forward-looking Statements For personal use only Siren Gold – Investor Presentation 2 www.sirengold.com.au
Slide 3: Alexander River highlights
➢ Exploration Target of 500-700koz @ 5-7g/t Au. ➢ Upside potential of 1.0 to 1.2Moz For personal use only ➢ Targeting Maiden Inferred resource - Q1 2022. ➢ Easy access via a short decline with Alexander River 500m of mineralisation above the portal. ➢ Best drill holes: 8m @ 11g/t, 3m @ 10.8g/t, 2m @
Slide 4: Big River highlights
➢ Historic Production 136koz @ 34.1g/t Au. ➢ Exploration Target of 100-125koz @ 7-9g/t Au. For personal use only Only 1 of 6 shoots drilled to date. ➢ Upside potential of 250- 500koz. ➢ Best drill holes: 6m @ 21.4g/t, 3m @ 18.5g/t, 2m @ 12.1g/t, 6m @ 5.1g/t, 5m @ 4.2g/t Au. Big River ➢ 3km strike ex
Slide 5: Golden Point highlights
➢ Golden Point mine produced 400oz @ 10g/t Au from a 1.2m thick reef For personal use only with visible gold. ➢ Arsenic and Au soil geochem over 3.0km strike. ➢ Reef strikes parallel to and 3km west of Globe Progress mine that Golden Point produced 1.1Moz Au. ➢ Maiden 3-hole drilling programme compl
Slide 6: Lyell highlights
➢ Historic Production 91koz @ 18.4g/t Au. ➢ Alpine United was mined to a depth For personal use only of 550m and produced 80,514oz gold @ 17g/t between 1874 -1911. ➢ Alpine United located on anticline that van be mapped for over 5kms. Lyell ➢ Strong Au and As soil anomalies that extend for over 5kms
Slide 7: Reefton Goldfield – Originally part of the Lachlan Fold Belt
Reefton Goldfield New Zealand – Originally part of the Lachlan Fold Belt For personal use only Siren Gold – Investor Presentation 7 www.sirengold.com.au
Slide 8: Reefton Goldfield New Zealand
Reefton Goldfield New Zealand For personal use only Siren Gold – Investor Presentation 8 www.sirengold.com.au
Slide 9: Historical Gold Production
Reefton Goldfield New Zealand For personal use only Historical Gold Production • Historic Underground production 2Moz @ 16g/t Au. OGL’s Globe open pit produced 700koz and Federation started developing Blackwater U/G mine expected production 0.7-1.0Moz. Alluvial gold production estimated at 8Moz. His
Slide 10: Key Projects
Key Projects For personal use only Outcropping Mineralisation • Alexander River • Big River • Lyell • Golden Point • Auld Creek Buried Mineralisation • Reefton South • Bell Hill • Waitahu Siren Gold – Investor Presentation 10 www.sirengold.com.au
Slide 11: Alexander River outcropping quartz reef
Alexander River - 1.2km+ long outcropping quartz reef For personal use only Produced 41koz at 26.4g/t Au (cut off ~15g/t Au). From Trench Lc (Bruno) 11.8 g/t Au Siren Gold – Investor Presentation 11 www.sirengold.com.au
Slide 12: Alexander River Geology and Historical Production
Alexander River - Pre IPO For personal use only Geology • 1.2km outcropping mineralised zone, comprising discontinuous quartz reefs surrounded by silicified acicular arsenopyrite mineralised sandstone and siltstone. • Mineralised zone divided into Bull, Fimiston, McVicar, Bruno, McKay and Loftus pro
Slide 13: Pre-IPO Diamond Drilling
Alexander River - Pre IPO For personal use only Diamond Drilling • Drilling completed by Macraes Mining Company Limited (MMCL) predecessor to OceanaGold Ltd in the 1990’s and Kent Exploration in 2011. • MMCL refurbished the lowest level (L6) of the McVicar mine and drilled three holes from undergrou
Slide 14: Exploration Months Post IPO – Work Completed
Alexander River - Siren Gold Exploration 14 Months Post IPO For personal use only Work Completed • Mineralisation and structural mapping over mineralised zone and 1.5kms to the north. • Extensive soil sample to the NE, NW and SE. • Channel sampling of the outcropping Loftus-McKay reef. • 72 diamond
Slide 15: Siren Gold Exploration Post IPO
Alexander River - Siren Gold Exploration Post IPO For personal use only 8m @ 4.1g/t Au 23.7g/t Au 8.9g/t Au Siren Gold – Investor Presentation 15 www.sirengold.com.au
Slide 16: Post IPO Drilling and Mineralised Shoots
Alexander River - Siren Gold Exploration Post IPO For personal use only Drilling • Aim to confirm trench results and better define the orientation of Bull, McVicar, Bruno and Loftus McKay shoots. • Drill tested the 1.2km strike on 100m centres. • 72 holes for 8,630m completed to date. Mineralised Sh
Slide 17: Bull Shoot
Alexander River - Siren Gold Exploration Post IPO For personal use only Bull Shoot • Bull reef dips moderately to SE with the Bull shoot approximately 75m high but not well defined. • The outcrop sampled by CRA and returned 4.5m @ 12.9g/t Au. Drillholes AX20 and AX21 drilled under the outcrop but di
Slide 18: McVicar East Shoot
Alexander River - Siren Gold Exploration Post IPO For personal use only McVicar East Shoot • McVicar East reef dips steeply to SE with the Bull shoot approximately 75m high based on the underground mine workings. • Historical production based on a 1-2m thick quartz reef that averaged 26.4 g/t. The d
Slide 19: AXDDH012 Core
Alexander River – AXDDH012 Core For personal use only 0.04 g/t Au 17.8 g/t Au 12.8 g/t Au 10.9 g/t Au 17.8 g/t Au 9.1 g/t Au 17.4g/t Au 17.9 g/t Au 8.4g/t Au 2.6g/t Au Siren Gold – Investor Presentation 19 www.sirengold.com.au
Slide 20: Loftus McKay Shoot
Alexander River - Siren Gold Exploration Post IPO For personal use only Loftus McKay Shoot • The Loftus-Mckay reef dips steeply to NW and the shoot plunges 45o NE. Based on the shoot outcrop and drillholes intersections it is estimated to be around 200m high. • Channel samples • 15.0m @ 7.4 g/t Au •
Slide 21: Loftus McKay Sections
Alexander River – Loftus McKay Sections For personal use only Siren Gold – Investor Presentation 21 www.sirengold.com.au
Slide 22: AXDDH034 Core
Alexander River – AXDDH034 Core For personal use only AXDDH034 (3m @ 10.8 g/t Au) 0.01g/t Au 0.65 g/t Au 12.4 g/t Au 23.1 g/t Au 14.6 g/t Au Siren Gold – Investor Presentation 22 www.sirengold.com.au
Slide 23: AXDDH045 Core (Loftus McKay)
Alexander River – AXDDH045 Core (Loftus McKay) For personal use only AXDDH045 (2m @ 26.8 g/t Au) visible Au 2.0 g/t Au 0.1 g/t Au 0.03 g/t Au 15.0 g/t Au 50.6 g/t Au visible Au Siren Gold – Investor Presentation 23 www.sirengold.com.au
Slide 24: AXDDH045 Core – Visible Gold in core
Alexander River – AXDDH045 Core (Loftus McKay) For personal use only Visible Gold in core Siren Gold – Investor Presentation 24 www.sirengold.com.au
Slide 25: McVicar West Shoot
Alexander River - Siren Gold Exploration Post IPO For personal use only McVicar West Shoot • The McVicar West reef dips steeply to NW and the shoot is interpreted to plunge 45o NE the same as the Loftus-McKay shoot. • Mapping by Max Gage in 1942 showed that the east dipping McVicar reef was lost bet
Slide 26: AXDDH049 Core (McVicar West)
Alexander River – AXDDH049 Core (McVicar West) For personal use only AX6-3 Core Visible Au Visible Au Siren Gold – Investor Presentation 26 www.sirengold.com.au
Slide 27: AXDDH049 Core (McVicar West)
Alexander River – AXDDH049 Core (McVicar West) For personal use only 15.3 g/t Au 1.2 g/t Au 1.0 g/t Au 15.4 g/t Au Visible Au 16.0 g/t Au Visible Au 0.2 g/t Au 12.8 g/t Au Siren Gold – Investor Presentation 27 www.sirengold.com.au
Slide 28: AXDDH063 Core (McVicar West)
Alexander River – AXDDH063 Core (McVicar West) For personal use only 0.3g/t Au 1.9g/t Au 1.5g/t Au 41.3g/t Au 3.3g/t Au 11.6g/t Au 5.2g/t Au Siren Gold – Investor Presentation 28 www.sirengold.com.au
Slide 29: IP Resistivity Survey
Alexander River – IP Resistivity Survey For personal use only Siren Gold – Investor Presentation 29 www.sirengold.com.au
Slide 30: Structural Model
Alexander River – Structural Model For personal use only Siren Gold – Investor Presentation 30 www.sirengold.com.au
Slide 31: Compared to Fosterville
Alexander River – Compared to Fosterville For personal use only McVicar reef? Siren Gold – Investor Presentation 31 www.sirengold.com.au
Slide 32: Exploration Target – to 700koz @ 5-7g/t Au
Exploration Target – 500 to 700koz @ 5-7g/t Au Bull East / McVicar East Shoots Drillholes/ Trenches Meters Au (g/t) For personal use only Trench A 4.5 12.9 Trench B 5.0 2.7 Trench C 1.5 4.1 Trench F 5.3 3.5 Trench Fa 2.2 35.4 Trench G 8.0 7.5 AX11 5.0 1.4 AX12 8.5 11.0 AX16 8.0 2.6 AX17 5.0 2.0 AX18
Slide 33: Exploration Target – to 700koz @ 5-7g/t Au
Exploration Target – 500 to 700koz @ 5-7g/t Au For personal use only Shoot Thickness (m ) Grade (g/t Au) Height (m ) Plunge (m ) Tonnes (t) Ounces (Koz) Bull -McVicar East 5.5 5.2 150 500 1.1 188 Loftus McKay 4.6 7.2 150 500 0.9 217 McVicar West 4.2 5.6 150 500 0.8 152 Total 4.8 6.0 2.9 556 Shoot Th
Slide 34: Compared to Blackwater
Alexander River – Compared to Blackwater For personal use only Alexander River Blackwater Au 2.5kms 2.4km Siren Gold – Investor Presentation 34 www.sirengold.com.au
Slide 35: Compared to Fosterville
Alexander River – Compared to Fosterville For personal use only Alexander River Fosterville 2.5kms Siren Gold – Investor Presentation 35 www.sirengold.com.au
Slide 36: Long Section cf to Fosterville
Alexander River – Long Section cf to Fosterville For personal use only Float sample 3.4% Sb, 14g/t Au Siren Gold – Investor Presentation 36 www.sirengold.com.au
Slide 37: Exploration Target – Mineral Resource
Alexander River – Exploration Target For personal use only Mineral Resource • The Company has announced an Exploration Target for Alexander River of 500koz-700koz of gold at 5 to 7 g/t. This includes the Loftus McKay, Bull and McVicar West shoots projected to 500m down plunge (~300m vertical). • To
Slide 38: Big River – Historical production 34.1g/t Au, 136koz
Big River - Historical production 34.1g/t Au, 136koz For personal use only Big River Mine • Historical Production of 136koz at 34.1g/t Au (cut off grade ~15g/t Au) • Mined to 560m from 12 levels. • Big River closed in 1942 due to WWII. • Currently drilling high grade drill targets. Siren Gold – Inve
Slide 39: Big River Mine – Pre IPO vs Current
Big River Mine –Pre IPO vs Current For personal use only Siren Gold – Investor Presentation 39 www.sirengold.com.au
Slide 40: Big River Mine – Shoot BRDDH004
Big River Mine – Shoot 4 BRDDH004 (6.6m @ 21.4g/t Au) For personal use only H ole Fro To Inter Au ID m (m) val (g/t) t4 BD D 99.0 101. 2.0 12.1 DH0 0 03 BRD 128. 132. 4.0 4.4 DH0 0 0 04 136. 143. 6.6 21.4 4 0 Inclu 137. 138. 0.8 71.5 ding 4 2 Inclu 141. 142. 0.6 54.5 ding 6 3 BRD 112. 117. 5.0 3.2 D
Slide 41: Big River Mine – Shoot BRDDH027
Big River Mine – Shoot 4 BRDDH027 (6m @ 5.1g/t Au) For personal use only Siren Gold – Investor Presentation 41 www.sirengold.com.au
Slide 42: Big River Mine – Shoot BRDDH034
Big River Mine – Shoot 4 BRDDH034 (5.9m @ 4.1g/t Au) For personal use only 2.86 g/t Au 2.2 g/t Au 0.2 g/t Au 34.5 g/t Au 5.2 g/t Au 0.1 g/t Au 1.0 g/t Au 3.7 g/t Au 0.9 g/t Au 1.3 g/t Au 0.5 g/t Au 1.2 g/t Au 0.7 g/t Au Siren Gold – Investor Presentation 42 www.sirengold.com.au
Slide 43: Big River Mine – A2 Shoot
Big River Mine – A2 Shoot For personal use only Siren Gold – Investor Presentation 43 www.sirengold.com.au
Slide 44: Big River Mine – A2 Shoot
Big River Mine – A2 Shoot For personal use only Siren Gold – Investor Presentation 44 www.sirengold.com.au
Slide 45: Big River Mine – Exploration Target to 125koz @ 7-9g/t Au
Big River Mine – Exploration Target 100 to 125koz @ 7-9g/t Au Drillholes Interval (m) Au (g/t) • Historic Production 136koz @ For personal use only BR3 2.0 12.1 34.1g/t Au. BR4 6.0 21.4 BR5 5.0 3.2 • Exploration Target of 100-125koz BR9 3.0 18.5 @ 7-9g/t Au. BR12 3.0 5.4 • Only 1 of 6 potential shoo
Slide 46: St George - 3km+ Mineralised Zone
St George - 3km+ Mineralised Zone • The arsenic anomaly extends for approximately 3kms from Golden Hill and open to the For personal use only south. Gold results for the bottom six lines still awaited. • St George trend lies approximately 4kms to the east of Waiuta, where Federation Mining Limited a
Slide 47: Golden Point – 1.5km+ Long Reef
Golden Point – 1.5km+ Long Reef Golden Point Mine For personal use only • Golden Point Exploration permit granted 19 March 2021 (46.2km2). Reefton • Reported to be a 4 foot (1m) thick reef • Mined 1,357 tonnes in 5 trial batches to recover 410oz at an average grade of 9.4g/t between 1884 – 1908. • T
Slide 48: Lyell - 5km Long Target Discovered
Lyell - 5km Long Target Discovered The Lyell goldfield produced 91koz For personal use only gold @ 18.4g/t • The largest Alpine United was mined to a depth of 550m and produced 80,514oz gold @ 17g/t recovered between 1874 -1911. • Strong Au and As soil anomalies that extend for over 5kms. • Mapping
Slide 49: Lyell - New 5km Long Target Discovered
Lyell - New 5km Long Target Discovered at Lyell For personal use only 4m thick reef 4m thick quartz reef in the Caledonian mine area Sheeted quartz veins in adit at the Break of Day mine. Free gold in quartz from float sample found near the Break of Day mine. Siren Gold – Investor Presentation 49 ww
Slide 50: Buried Targets – How do you find the needle in the haystack?
Buried Targets – How do you find the needle in the haystack? For personal use only Siren Gold – Investor Presentation 50 www.sirengold.com.au
Slide 51: Buried Targets – Seeing through the cover
Buried Targets – Seeing through the cover For personal use only Siren Gold – Investor Presentation 51 www.sirengold.com.au
Slide 52: Buried Targets – Seeing through the cover
Buried Targets – Seeing through the cover For personal use only Siren Gold – Investor Presentation 52 www.sirengold.com.au
Slide 53: Seismic - is it the key to unlock Buried Targets
Seismic - is it the key to unlock Buried Targets For personal use only Siren Gold – Investor Presentation 53 www.sirengold.com.au
Slide 54: Siren Gold Summary
➢ Alexander Exploration Target of 500- 700koz @ 5-7g/t Au and upside potential of 1.0 to 1.2Moz. For personal use only ➢ Big River Exploration Target of 100- 125koz @ 7-9g/t Au and upside potential of 250 to 500koz. ➢ Combined Exploration Target of Siren Gold Summary 800koz – 950koz and upside poten