Strickland Metals Ltd · ASX:STK
Strickland Metals — Ord Minnett East Coast Mining Conference 2022
22 slides from Strickland Metals's conference presentation, Mar 29, 2022
Slide 1: ASX announcement: Investor Presentation
Strickland Metals Limited Postal & Registered Office ACN 109 361 195 +61 (2) 8316 3991 info@stricklandmetals.com.au Suite 8, 7 The Esplanade www.stricklandmetals.com.au Mt Pleasant WA 6153 29 March 2022 For personal use only INVESTOR PRESENTATION Strickland Metals Limited (ASX:STK) (Company) is plea
Slide 2: Unlocking the North Eastern Flank of the Yandal Belt
‘Unlocking the North Eastern Flank of the Yandal Belt’ For personal use only Ord Minnett East Coast Mining Conference Presentation | March 2022 | Andrew Bray, Chief Executive Officer 1
Slide 3: 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 4: 2022: Strickland's most exciting year yet
For personal use only ✓2021: Major reset for the Company • New Board and Management in April 2021 • Approximately AUD30m fresh equity capital raised • Major consolidation of gold tenure over NE Flank of 2022: Strickland’s Yandal belt – current resource 600k ozs Au • New discovery at Iroquois Zn-Pb m
Slide 5: Board
For personal use only Anthony McClure Highly experienced executive and geologist; ex (Non Executive Chairman) Nickel Mines Ltd, Bolnisi Gold NL, European Gas Ltd; current Managing Director Silver Mines Ltd Mark Cossom Current Managing Director Gateway Mining Ltd; (Non Executive Director) formerly Do
Slide 6: Key Management
Andrew Bray 10+ years in formation, financing and development of (Chief Executive Officer) natural resource companies, incl Gateway Mining Ltd, Silver Mines Ltd, Futura Resources Ltd amongst For personal use only others. Peter Cash A highly experienced mining executive with more (Operations Manager)
Slide 7: Capital Structure
For personal use only Capital Structure Shares Currently on issue 1,279,839,500 @ 5.2c mkt cap = ~$66m Current Board and Management appointed Cash ~12.24m 31 Dec 2021 Options and Performance Rights STKOA 186,003,297 Ex $0.036; expiry May 2024 issued on 10c & 20c price hurdles Performance rights 43,0
Slide 8: Yandal Gold Project
For personal use only Yandal Gold Project 7 www.stricklandmetals.com.au
Slide 9: Yandal 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 9 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 Laterite gold zone (RC drilling) ‘Gap’ in between resources (no Northerly extension Southerly extension historic RC drilling) – planned Millrose North target (RC drilling) target (RC drilling) RC with diamond follow up diamond program 11 www.stricklandmeta
Slide 13: Millrose laterite resource drill out
Millrose laterite For personal use only resource drill out Along strike mineralised extensions 12 www.stricklandmetals.com.au
Slide 14: 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 underway • ‘Gap’ in between the north and south deposits not included in past resource calculations • 3km of combined strike north and south – historic
Slide 15: Yandal Gold Project
For personal use only Yandal Gold Project 14 www.stricklandmetals.com.au
Slide 16: Dusk til Dawn
Dusk til Dawn For personal use only • 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 released 30 Nov 2021
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 17 www.stricklandmetals.com.au
Slide 19: Iroquois – Zn-Pb New Discovery
Iroquois – Zn-Pb For personal use only New Discovery within the Iroquois Dolomite • IQRC001: 23m @ 5.5% Zn+Pb from 108m incl 9m @ 7% Zn+Pb • IQRC003: 12m @ 5.4% Zn + Pb from 58m • IQRC010: 8m @ 5.2% Zn from 95m and 5m @ 10.1% Zn + Pb from 110 m (within 18m @ 4.2% Zn + Pb) • IQRC004: 3m @ 7.6% Zn fro
Slide 20: Iroquois – Zn-Pb Next Steps
Iroquois – Zn-Pb For personal use only Next Steps • Complete Heritage Surveys H12022 • Soil sampling program H1 2022 • IP geophysics program H1 2022 • Follow up drilling 19 www.stricklandmetals.com.au
Slide 21: Upcoming news flow
Upcoming news flow For personal use only • Samples currently at the lab: • 84x RC holes from the Millrose laterite drill out • 6x RC holes from Millrose North • 6x Diamond holes from Millrose North • 7x RC holes from Millrose Central (the ‘gap’ in between deposits) Plans for • Assays expected to sta
Slide 22: Thank you
For personal use only Thank you. Ord Minnett East Coast Mining Presentation| March 2022 | Andrew Bray, Chief Executive Officer 21
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