S2 Resources Ltd. · ASX:S2R
S2 Resources — RIU Resources Roundup, Sydney 2016
17 slides from S2 Resources's conference presentation, May 11, 2016
Slide 1: S2's first six months: VMS-style zinc in Sweden, 207,000 oz gold in Australia
S2’s first six months: VMS-style zinc in Sweden, 207,000 oz gold in Australia* Mark Bennett, Managing Director & CEO, RIU Resources Roundup, Sydney, 11th May 2016 * At Baloo and Nanook using a 0.8g/t Au lower cutoff - see relevant slides and refer to ASX announcements of 4th March 2016 and 6th May 2
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: The S2 team: Sirius++
The S2 team: Sirius++ Jeff Dowling - Non-executive Chairman Mark Bennett – Managing Director & Chief Executive Officer Jeff is the former non-executive chairman of Sirius, and the former Mark was the founding managing director and CEO of Sirius and is a director of IGO. managing partner of Ernst & Y
Slide 4: S2's first 6 months: market/corporate metrics
S2’s first 6 months: market/corporate metrics High grade gold Share price and volume (A$) to close Friday 6th May 2016 hit at Nanook Svan Vit VMS discovery Start of trading 19 October 2015 High grade gold Baloo Mineral hit at Monsoon Resource estimate Selling by larger former SIR institutional inves
Slide 5: S2's first 6 months: achievements
S2’s first 6 months: achievements • 123,000 oz gold at Baloo* (Polar Bear, Australia) • 84,000 oz gold in palaeochannel at Nanook* and high grade gold (4m@50.7g/t Au) in nearby bedrock • High grade gold (12m@26.2g/t Au) at Monsoon • VMS mineralisation (5.05m @ 3.15% zinc) in first ever drill holes a
Slide 6: Gold in Western Australia - Polar Bear
Gold in Western Australia - Polar Bear A large unexplored ground holding, surrounded by Multiple trends & 30Moz gold endowment, prospects, two in a major gold province resources defined
Slide 7: Baloo - resource
Baloo - resource High ounces per vertical metre from just 2 metres below surface Mainly oxide, mainly Indicated category, in thick, open pit friendly shape Indicated Resources Inferred Resources Total Resources LCOG Tonnes g/t Au Oz Au Tonnes g/t Au Oz Au Tonnes g/t Au Oz Au 0.5 1,420,000 1.6 74,000
Slide 8: Baloo – depth extensions
Baloo – depth extensions Potential to extend at depth High grade lode open down plunge to south (eg, 2.5m @ 10.9 g/t Au in SPBD0122, 1m @ 43.1 g/t Au in SPBC0262, 2.5m @ 9.52 g/t Au in SPBD0117) Also open down dip to east (eg, 5m @ 6.9 g/t Au in SPBC0257 and 8m @ 5.98 g/t Au in SPBC0258)
Slide 9: Monsoon
Monsoon High grade gold mineralisation (12m @ 26.2 g/t Au) in steeply west dipping lode Hole ended in mineralisation (12.8 g/t Au) Located between Baloo and Nanook gold resources Next: RC drilling to determine dip and strike extent
Slide 10: Nanook
Baloo & Nancok Resource Outlines (Projected to surface) HEB Indicates J SPeace: 4m @ 50.7/t Au (EOH) - End of Hole *SPBA... Previously Announced NORTH 1 Kilometres Projection » IGA Zone 51 (GDAG4) 6,480,000 mi_| sar2ceomN ‘WESTERN AUSTRALIA ‘SPBA3610: 16m @ 1.63g/t Au including 4m @ 4.69g/t Au ‘gars
Slide 11: Nanook – palaeochannel resource
Nanook – palaeochannel resource Inferred Tonnes LCOG g/t Au Oz Au (000's) 0.5 5,300 0.9 148,000 0.8 2,200 1.2 84,000 1.0 1,400 1.4 61,000 Nanook palaeochannel Mineral Resource is reported to JORC 2012 standards. LCOG is lower cut-off grade. All individual assays top cut to a maximum of 8g/t Au irres
Slide 12: Skellefte, Sweden: a world class VMS district
Skellefte, Sweden: a world class VMS district • World class gold-base metal VMS camp with major mines (Boliden, Renstrom, Kristineberg), hungry concentrator, smelter, port, infrastructure • Strong geological similarities to the Abitibi belt, with very little outcrop, and little effective modern expl
Slide 13: Svan Vit - VMS in first holes in first VTEM conductor
Svan Vit - VMS in first holes in first VTEM conductor • First ever VTEM survey identifies 64 strong late time EM conductors, under cover, along strike from known mines/deposits • Little effective modern exploration, rhyolite domes, coincident geochemical anomalies being identified in base of till (B
Slide 14: Svan Vit - VMS in first holes in first VTEM conductor
Svan Vit - VMS in first holes in first VTEM conductor VTEM over intervening ground is not shown in this image Plan showing VTEM anomaly (colour), ground EM conductor (red rectangle), upper and lower downhole EM conductors, and pierce points of S2 holes, with historic drilling to north
Slide 15: Svan Vit - VMS in first holes in first VTEM conductor
Svan Vit - VMS in first holes in first VTEM conductor 3D depiction of upper and lower conductors defined in downhole EM survey. Holes 1 and 2 clipped the upper and western margin of the upper conductor only, and hole 3 missed both conductors VTEM over intervening ground is not shown in this image
Slide 16: S2 summary
S2 summary Ethos: • S2 is a high risk–high reward greenfields explorer – like Sirius before it • S2 focuses on mainstream base metal and precious metal deposit styles in stable jurisdictions Ambitions: • S2 aims to discover and develop company making deposits that will provide multiple order of magn
Slide 17: S2's next 6 months
S2’s next 6 months • Finalise mining/engineering studies for the Baloo gold deposit • RC drilling to follow up the high grade gold hits at Monsoon and Nanook • Systematic ground EM and base of till (BOT) sampling to prioritise conductors identified in the VTEM survey at the Skellefte project in Swed