S2 Resources Ltd. · ASX:S2R
S2 Resources — Investor Presentation (March 2021)
26 slides from S2 Resources's investor presentation, March 2021
Slide 1: Platform Set for "Company Making" Discoveries
Investor Presentation, Mark Bennett, Executive Chairman Matthew Keane, CEO PLATFORM SET FOR “COMPANY MAKING” DISCOVERIES March 2021
Slide 2: Competent person and forward looking statement
Competent person and forward looking statement This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This pr
Slide 3: Company Snapshot
Company Snapshot Greenfields explorer targeting “company making” precious and base metal discoveries in mining friendly jurisdictions: • Australia and Finland – ranked 1st and 2nd in the world in the Fraser Institute’s 2019 survey for investmentattractiveness Strong track record of discovering and d
Slide 4: A Team With a Track Record
A Team With a Track Record Mark Bennett – Executive Chairman • Founding Managing Director and CEO of Sirius Resources and S2 Resources • PhD qualified geologist with 30 years experience with WMC, LionOre, Sirius and S2 • Two-time winner of the “Prospector of the Year” award – for discovery of Thunde
Slide 5: Corporate
Corporate Well funded Cash1 A$10.6m Investments2 A$6.2m Debt Nil Favourable capital structure Shares on issue 314.9m Notes Options onissue3 40.3m 1. Cash at 31st December 2020 Market Capitalisation4 A$52.0m 2. 75.2m shares in Todd River Resources (ASX:TRT) @ A$0.082/share Enterprise Value A$41.4m 3.
Slide 6: Quality Project Portfolio
Quality Project Portfolio Jillewarra, WA (earning 51% then 70%): • Covers 790km2 and 50km strike of under-explored greenstone belt just 50km west of Meekatharra, WA • Numerous historic gold workings and high-grade drill intercepts such as 3m @ 40.9g/t gold and 9m @ 21g/t gold • VMS-prospective strat
Slide 7: Planned Work Programs
Planned Work Programs Busy year ahead with multiple exploration programs already underway • Australia - Jillewarra gold: Assays pending and further drilling underway on gold prospects • Australia - Jillewarra base metals: Drilling commencing shortly to test VMS potential • Finland - Aarnivalkea gold
Slide 8: Western Australian Projects
Western Australian Projects Strategic repositioning in 2020 to incorporate more exposure to Western Australia projects Four additional projects secured in 2020: • Jillewarra Au & Cu-Zn farm-in (earning70%) • West Murchison Ni-Cu-PGE project (100%, application) • Three Springs Ni-Cu-PGE project (100%
Slide 9: Jillewarra Gold & Base Metals Project (earning 70%)
Jillewarra Gold & Base Metals Project (earning 70%) Farm-in with private vendor on an area covering 790km2 and 50km of strike Underexplored greenstone belt with little drilling below 70m depth 50km west of Meekatharra in the Murchison Goldfields of WA Highly endowed gold region, including the Mt Mag
Slide 10: Jillewarra: Drilling Underway
Jillewarra: Drilling Underway Numerous historic gold working Limited exploration under shallow cover Historic drilling mostly limited to within 70m of ground surface RC, aircore and diamond drilling planned for 2021 Assays pending for the first round of RC drilling at the Dorothy and Margueritta pro
Slide 11: Jillewarra: Walk-up Gold Targets
Jillewarra: Walk-up Gold Targets Dorothy and Margueritta workings provide promising indications of high grade potential No drilling to depths >100m Very little drilling along trend or on parallel structures 10
Slide 12: Jillewarra: VMS Base Metal Potential
Jillewarra: VMS Base Metal Potential Contains Volcanogenic Massive Sulphide (VMS) prospective stratigraphy with Cu-Zn-Pb-Ba soil anomalies, untested EM conductors and sub- cropping galena 11
Slide 13: Central Lapland Greenstone Belt (CLGB) Finland (100%)
Central Lapland Greenstone Belt (CLGB) Finland (100%) Strategic ~600km2 landholding in the CLGB • Early mover advantage • Exploration Licences over key regional structures CLGB is home to major gold and base metal projects including: • ~9Moz Kittilä gold mine • 298Mt Kevitsa Ni-Cu-precious metals mi
Slide 14: Aarnivalkea: On the Cusp of a Significant Virgin Discovery
Aarnivalkea: On the Cusp of a Significant Virgin Discovery On the cusp of a significant new gold discovery at Aarnivalkea (“Aarni”) • The system has scale: 1.3km geochemical anomaly • Propensity for high-grade intercepts, including: o 6.9m @ 11.8g/t gold from 223.0m, including 4.0m @ 18.1g/t gold o
Slide 15: Aarnivalkea Gold Prospect
Aarnivalkea Gold Prospect High-grade gold intercepted in the two holes drilled at depth below the main mineralised anomaly (575m apart) 14
Slide 16: Ruopas: District-scale Magmatic Nickel-Copper-PGE Potential
Ruopas: District-scale Magmatic Nickel-Copper-PGE Potential Region is highly prospective for magmatic copper-nickel-PGM Ruopas Isovaara mineralisation evidenced by Boliden’s Kevitsa mine and Anglo American’s Sakatti deposit (~90km to the east) Ruopas licences cover a 25km long zone of coincident cop
Slide 17: Western Yilgarn - A New Ni-Cu-PGE Frontier in the West
Western Yilgarn - A New Ni-Cu-PGE Frontier in the West Exposure to several prospective areas along the western edge of the Yilgarn Craton Chalice Mines’ (CHN:ASX) Julimar discovery has shown the Ni-Cu-PGE potential of the region West Murchison - 880km2 application awaiting grant • Anomalous nickel-c
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Slide 19: Appendices
Appendices Appendix 1 – Aarnivalkea cross-sections • Cross-section 7,551,840mN including hole FAVD0062 • Cross-section 7,552,400mN including hole FAVD0064 Appendix 2 – Agnico Eagle Kittilä mine • Long section of Agnico Eagle’s Kittilä mine Appendix 3 – Central Lapland Greenstone Belt gold potential
Slide 20: Appendix 1: Aarnivalkea Gold Prospect
Appendix 1: Aarnivalkea Gold Prospect 19
Slide 21: Appendix 1: Aarnivalkea Gold Prospect
Appendix 1: Aarnivalkea Gold Prospect 20
Slide 22: Appendix 2: Agnico Eagle's Kittilä Mine
Appendix 2: Agnico Eagle’s Kittilä Mine • Agnico Eagle’s Kittilä mine is located ~36km southeast of Aarnivalkea on a parallel N-S structure • Kittilä current Ore Reserve of 4.1Moz at 4.4g/t gold and total Mineral Resource 7.4Moz at 3.8g/t (December 2019) • 2021 production is forecast at 250koz at US
Slide 23: Appendix 2: Aarnivalkea superimposed on Kittilä
Appendix 2: Aarnivalkea superimposed on Kittilä • S2’s exploration at Aarnivalkea is very shallow in comparison to Kittilä • Kittilä shows the potential for deep rooted structurally hosted gold systems in the region Aarnivalkea grade shells superimposed on the Kittilä Main Zone longitudinal section
Slide 24: Appendix 3: Finland Gold Potential
Appendix 3: Finland Gold Potential • Mature gold districts show a pattern of deposit scale distribution • The CLGB distribution is skewed – lacking 1Moz to 5Moz deposits • What is driving this anomaly? o Immature exploration – first gold only discovered in 1984 o Limited outcrop due to glacial cover
Slide 25: Appendix 4: West Murchison nickel-copper-PGE project (100%)
Appendix 4: West Murchison nickel-copper-PGE project (100%) Contains several magnetic anomalies associated with mapped mafic and ultramafic rocks – thought to represent intrusions Initial soil sampling over the first of these has defined a broad Ni-Cu-PGE anomaly & also a broad gold anomaly Soil sam
Slide 26: Appendix 5: Three Springs nickel-copper-PGE project (100%)
Appendix 5: Three Springs nickel-copper-PGE project (100%) Contains several magnetic anomalies associated with mapped mafic and ultramafic geology S2 currently attaining land access agreements Soil sampling, auger drilling and EM planned for 2021 25