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S2 RESOURCES LTD Interim / Quarterly Report 2018

Jul 22, 2018

65745_rns_2018-07-22_40027d24-b5c0-4e01-bc0e-bdadb7bc1951.pdf

Interim / Quarterly Report

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ASX Announcement

Monday 23rd July 2018

JUNE 2018 QUARTERLY ACTIVITIES REPORT

Key points

  • Strong financial position with A$23.3 million cash and investments
  • Initial drilling completed at South Roberts project, Nevada
  • Major geochemical survey underway across the Company's Central Lapland Greenstone Belt (CLGB) tenure, Finland
  • Large VTEM survey over nickel-copper prospective areas of the Company's CLGB tenure scheduled for early August
  • Preparations underway for first reconnaissance drilling at the Ecru project, Nevada

CORPORATE

Finance

A total of A$1.8 million wasspent during the quarter, comprising A$0.9 million on exploration, A$0.2 million on corporate costs including business development costs, overheads and payments for fixed assets, A$0.5 million on staffing costs for all pre-resource exploration and corporate activities and A$0.2 million in taxation payments.

Cash at the end of the quarter totaled A$15 million, and cash plus investments totaled A$23.3 million.

Investments comprise 1 million GT Gold (TSXV: GTT) shares with a value, at A$0.98 per share, of A$0.9 million, and 4,000,000 Westgold shares received as part consideration for the Polar Bear sale, with a value, at A$1.85 per share, of A$7.4 million at the end of the quarter ended 30 June 2018.

Planned expenditure for the next quarter ending 30 September 2018 is anticipated to be approximately A$2.5 million.

Capital structure

No shares were issued during the quarter.

The total issued capital comprises 247,915,179 ordinary shares and 51 million unlisted options, which if exercised, would represent a capital injection of A$17.7 million to the Company.

EXPLORATION

Nevada, USA

S2 has two active earn-in agreements with TSXV listed Renaissance Gold on Carlin-style gold targets in Nevada, USA (see ASX announcement dated 1 August 2017).

South Roberts, Nevada (S2 earning 70%)

The South Roberts project is located in Eureka County, Nevada, 35 kilometres northwest of Eureka. It is located on the Battle Mountain–Eureka trend of world class gold deposits in a similar setting to Barrick's 12Moz Goldrush deposit to the north. The project covers the southern extension of an uplifted block (or "Horst") containing known gold mineralization that plungessouthwards beneath transported colluvium ("pediment") as evidenced by a gravity anomaly. Previous drilling of six very wide (~1 kilometre) spaced holes intersected the expected lithologies – namely the appropriate "caprock" to act as a seal, and a favourable carbonate host rock unit beneath it. The capping stratigraphy is known as the Valmy Formation, which is thrust over the favourable Webb and Devils Gate Formations by the Roberts Mountain Thrust. The upmost part of the carbonate dominated Devils Gate Formation intersected in previous drilling displays solution collapse breccias and anomalous gold up to 0.28g/t. S2 can earn a 70% interest by the expenditure of US$3 million by June 2022, and can withdraw after the expenditure of US$200,000 by June 2019.

A three hole diamond drilling program was completed to test a concealed gold target at the South Roberts project in Nevada, USA. These holes were drilled into the crest of a concealed anticline as interpreted from two controlled source audiomagnetotelluric (CSAMT) survey lines (see Figure 1, refer to ASX announcement of 18th June 2018). Although drilling confirmed the presence of this anticline together with favourable hostrocks, no significant gold mineralization was intersected, with the best result being 1.65 metres @ 0.17g/t gold from 491.7 metresin hole NSRD0001, associated with a zone ofstrong brecciation and carbonate veining within dolomite (Table 1).

Holes NSRD0001 and NSRD0003 both intersected zones of collapse breccia textures, decalcification and minor silicification, with anomalous arsenic, antinomy and mercury, consistent with the distal signature of Carlin style mineralization on this contact. In drillhole NSRD0002, the contact between the Webb Formation and Devils Gate is interpreted to have been disrupted by later faulting and no gold anomalism was identified.

Drill hole NSRD0001 was also continued deeper to test lower stratigraphic target horizons, namely the upper Denay Formation limestones and the McColley Canyon Formation limestones (Figure 2). The hole passed directly from the Devils Gate Limestone into a thick sequence of dolomite, interpreted to represent the stratigraphically lower Lone Mountain Dolomite, indicating that the target horizons have been structurally removed.

Figure 1. Plan showing the position of recent diamond drill holes over gravity image with the two CSAMT resistivity profiles plotted to show the position of the crest of the targeted anticline.

Figure 2. Generalised stratigraphic column of the rocks present in the anticline, showing stratigraphic horizons known to host gold mineralization elsewhere in Nevada. The Ordovician Valmy Formation is thrust over the younger host rocks by the Roberts Mountain Thrust, and forms a seal above the trap site. Specific horizons and facies within the underlying Devonian age limestones of the Devils Gate, Denay and McColley Canyon formations are host to significant Carlin-style gold deposits elsewhere in the district.

Ecru, Nevada (S2 earning 70%)

The Ecru project is located 40 kilometres southeast of Battle Mountain in Lander County, Nevada. It is located in the heart of the highly endowed Battle Mountain–Eureka trend, surrounded on three sides by Barrick Gold's Cortez District property, which contains the Pipeline, Cortez Hills and Goldrush deposits with a collective gold endowment of approximately 50 million ounces. The project issituated between exposed range and concealed basin, in an area covered by a wedge of transported colluvium ("pediment"), and is centered on a large gravity high that isinterpreted to represent an upthrown block of the same favourable carbonate rocks that host Barrick's nearby world class deposits. Additionally, the project is interpreted to contain geology analogous to that at Barrick's Pipeline deposit, which occurs where favourable carbonates of the Wenban Formation have been thrust over the "cap" rocks of the Valmy Formation by the Abyss Thrust, with the receptive carbonate host rock and mineralization having being exhumed (unroofed, or exposed) by partial erosion of the overlying rocks, before being buried again beneath more recent transported colluvium. S2 can earn a 70% interest by the expenditure of US$3 million by June 2022, and can withdraw after the expenditure of US$200,000 by June 2019.

Planning is underway to complete an infill gravity survey as well as an audiomagnetotellurics (AMT) survey to finesse the geology prior to finalizing the location of initial drilling, currently scheduled for the fourth

quarter of calendar 2018. This drilling will comprise two initial deep stratigraphic holes designed to pierce the overlying upper plate sequence and penetrate into the underlying prospective carbonate sequence to determine the presence and depth of the likely target zone.

Central Lapland Greenstone Belt, Finland (100% S2)

S2 has approximately 684 square kilometres of ground in the Central Lapland Greenstone Belt of Finland, a region that contains significant shear zone hosted gold deposits, such as Agnico Eagle's 8Moz Kittila gold mine, and magmatic copper-nickel-PGM deposits, which include Boliden's Kevitsa mine and Anglo American's world class Sakatti deposit.

A significant summer exploration program is underway in the Central Lapland Greenstone Belt (CLGB) of northern Finland.

A large geochemical survey commenced in early June with five teams initially working in the Paana (gold) and Ruopas(nickel-copper) areas. This program is approximately 40% complete and will continue throughout the northern summer.

The survey comprises the collection of approximately 14,000 soil samples on a 40m x 400m pattern across all amenable ground on S2's Finnish tenure for assay by ionic partial leach techniques, shown to be an effective screening technique in various orientation trial surveys previously undertaken by the Company. The aim of this survey is to identify broadly anomalous corridors to focus the next stage of work which may include base of till drilling or equivalent to tighten up anomalous corridors into discrete, drillable anomalies. First results for this are expected in the next two weeks.

A large VTEM airborne electromagnetic survey is also scheduled to commence in early August, over areas considered prospective for magmatic nickel-copper sulphide mineralization like that at Anglo American's nearby Sakatti deposit.

The combined results of the VTEM and geochemical surveys will drive the Company's tenure prioritization strategy and its winter follow up exploration program, with the aim of this being to fast track prospective areas to the drill ready stage whilst minimizing ground holding costs by relinquishing non-prospective areas.

Skellefte, Sweden (100% S2)

The Skellefte district of northern Sweden is a prolific mining district that contains numerous major polymetallic zinccopper-gold-silver volcanogenic massive sulphide (VMS) deposits, including those that underpin Boliden's mining and smelting operations. S2 has approximately 474 square kilometres of ground, which it considers highly prospective for similar polymetallic VMS mineralization and orogenic shear zone hosted lode gold mineralization.

No activity.

Other

The Company continues to assess numerous additional opportunities in Nevada that may complement its existing activities there, and various opportunities elsewhere, and with A$23.3 million in cash and investments is well placed to pursue such opportunities.

For further information, please contact:

Mark Bennett Anna Neuling +61 8 6166 0240 +61 8 6166 0240

Managing Director & CEO Executive Director & Company Secretary

Project Tenement ID Registered Holder Location Ownership% Status
Sweden
Skellefte Rengård nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Svansele nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Gallejaur nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Svansele nr 402 S2 Sverige AB Skellefte 100% Granted
Skellefte Brännäs nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Laxselmyran nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Svansele nr 403 S2 Sverige AB Skellefte 100% Granted
Skellefte Båtfors nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Holmtjärn nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Tjålmträsk nr 401 S2 Sverige AB Skellefte 0% Lapsed
Skellefte Laxselmyran nr 402 S2 Sverige AB Skellefte 100% Granted
Skellefte Laxselmyran nr 403 S2 Sverige AB Skellefte 0% Lapsed
Skellefte Hästskomyran nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Rengård nr 402 S2 Sverige AB Skellefte 0% Lapsed
Skellefte Udden nr 401 S2 Sverige AB Skellefte 0% Lapsed
Skellefte Udden nr 402 S2 Sverige AB Skellefte 0% Lapsed
Skellefte Vallen nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Lindbacka nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Brännäs nr 402 S2 Sverige AB Skellefte 100% Granted
Skellefte Petikträsk nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Näsvattnet nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Laxselmyran nr 404 S2 Sverige AB Skellefte 100% Granted
Skellefte Svansele nr 404 S2 Sverige AB Skellefte 100% Granted
Skellefte Malånäset nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Malånäset nr 404 S2 Sverige AB Skellefte 100% Granted
Skellefte Malånäset nr 402 S2 Sverige AB Skellefte 100% Granted
Skellefte Malånäset nr 403 S2 Sverige AB Skellefte 100% Granted
Skellefte Laxselmyran nr 405 S2 Sverige AB Skellefte 100% Granted
Skellefte Vargfors nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Malånäset nr 405 S2 Sverige AB Skellefte 100% Granted
Skellefte Petikträsk nr 402 S2 Sverige AB Skellefte 100% Granted
Skellefte Näsvattnet nr 402 S2 Sverige AB Skellefte 0% Lapsed
Skellefte Rengård nr 403 S2 Sverige AB Skellefte 100% Granted
Skellefte Tjålmträsk nr 402 S2 Sverige AB Skellefte 0% Lapsed
Skellefte Tjålmträsk nr 403 S2 Sverige AB Skellefte 0% Lapsed
Skellefte Laxselmyran nr 406 S2 Sverige AB Skellefte 100% Granted
Skellefte Käringträsk nr 401 S2 Sverige AB Skellefte 100% Granted
Finland

Reservations

Central Lapland Siila Sakumpu ExplorationOy CentralLapland 0% Lapsed
Central Lapland Silmä Sakumpu ExplorationOy CentralLapland 0% Lapsed
Central Lapland Pahka Sakumpu ExplorationOy CentralLapland 0% Lapsed
Central Lapland Majava Sakumpu ExplorationOy CentralLapland 0% Lapsed
Central Lapland Jänes Sakumpu ExplorationOy CentralLapland 0% Lapsed
Central Lapland Pahasvuoma Sakumpu ExplorationOy CentralLapland 100% Granted
Exploration Licenses
Central Lapland Kerjonen Sakumpu ExplorationOy CentralLapland 100% Granted
Central Lapland Nuokkio Sakumpu ExplorationOy CentralLapland 0% Lapsed
Central Lapland Keulakkopää Sakumpu ExplorationOy CentralLapland 100% Granted
Central Lapland Palvanen Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Putaanperä Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Sikavaara Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Paana East Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Paana West Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Selkä Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Mesi Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Lisma Sakumpu ExplorationOy CentralLapland 100% Granted
Central Lapland Ruopas Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Nuttio Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Home Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Central Lapland Hanhijarvi Sakumpu ExplorationOy CentralLapland 100% whengranted Application

Central Lapland Pikkulaki Sakumpu ExplorationOy CentralLapland 100% whengranted Application
Nevada
Ecru Ecru 1 NMC1098847 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 2 NMC1098848 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 3 NMC1098849 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 4 NMC1098850 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 5 NMC1098851 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 6 NMC1098852 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 7 NMC1098853 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 8 NMC1098854 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 9 NMC1098855 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 10 NMC1098856 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 11 NMC1098857 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 12 NMC1098858 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 13 NMC1098859 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 14 NMC1098860 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 15 NMC1098861 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 16 NMC1098862 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 17 NMC1098863 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 18 NMC1098864 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 19 NMC1098865 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 20 NMC1098866 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 21 NMC1098867 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 22 NMC1098868 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 23 NMC1098869 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 24 NMC1098870 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 25 NMC1098871 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 26 NMC1098872 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 27 NMC1098873 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 28 NMC1098874 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 29 NMC1098875 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 30 NMC1098876 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 31 NMC1098877 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 32 NMC1098878 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 33 NMC1098879 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 34 NMC1098880 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 35 NMC1098881 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 36 NMC1098882 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 37 NMC1098883 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 38 NMC1098884 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 39 NMC1098885 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 40 NMC1098886 Kinetic Gold (US) Inc. Lander C. earning 70% Granted

Ecru Ecru 41 NMC1098887 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 42 NMC1098888 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 43 NMC1098889 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 44 NMC1098890 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 45 NMC1098891 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 46 NMC1098892 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 47 NMC1098893 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 48 NMC1098894 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 49 NMC1098895 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 50 NMC1098896 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 51 NMC1098897 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 52 NMC1098898 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 53 NMC1098899 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 54 NMC1098900 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 55 NMC1098901 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 56 NMC1098902 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 57 NMC1098903 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 58 NMC1098904 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 59 NMC1098905 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 60 NMC1098906 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 61 NMC1098907 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 62 NMC1098908 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 63 NMC1098909 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 64 NMC1098910 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 65 NMC1098911 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 66 NMC1098912 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 67 NMC1098913 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 68 NMC1098914 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 69 NMC1098915 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 70 NMC1098916 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 71 NMC1098917 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 72 NMC1098918 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 73 NMC1098919 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 74 NMC1098920 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 75 NMC1098921 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 76 NMC1098922 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 77 NMC1098923 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 78 NMC1098924 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 79 NMC1098925 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 80 NMC1098926 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 81 NMC1098927 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 82 NMC1098928 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 83 NMC1098929 Kinetic Gold (US) Inc. Lander C. earning 70% Granted

Ecru Ecru 84 NMC1098930 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 85 NMC1098931 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 86 NMC1098932 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 87 NMC1098933 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 88 NMC1098934 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 89 NMC1098935 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 90 NMC1098936 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 91 NMC1098937 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 92 NMC1098938 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 93 NMC1098939 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 94 NMC1098940 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 95 NMC1098941 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 96 NMC1098942 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 97 NMC1098943 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 98 NMC1098944 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 99 NMC1098945 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 100 NMC1098946 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 101 NMC1098947 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 102 NMC1098948 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 103 NMC1098949 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 104 NMC1098950 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 105 NMC1098951 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 106 NMC1098952 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 107 NMC1098953 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 108 NMC1098954 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 113 NMC1098955 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 114 NMC1098956 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 115 NMC1098957 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
Ecru Ecru 116 NMC1098958 Kinetic Gold (US) Inc. Lander C. earning 70% Granted
SouthRoberts RW-182 NMC1029854 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-184 NMC1029853 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-186 NMC1029852 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-188 NMC1029851 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-190 NMC1029850 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-192 NMC1029849 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-194 NMC1029848 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-196 NMC1029847 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-198 NMC1029846 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-215 NMC1029829 Harvest Gold Corp (US) Eureka C. earning 70% Granted

SouthRoberts RW-216 NMC1029828 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-217 NMC1029827 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-218 NMC1029826 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-219 NMC1029825 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-220 NMC1029824 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-221 NMC1029823 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-222 NMC1029822 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-223 NMC1029821 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-224 NMC1029820 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-225 NMC1029819 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-226 NMC1029885 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-227 NMC1029884 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-228 NMC1029883 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-229 NMC1029882 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-230 NMC1029881 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-231 NMC1029880 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-232 NMC1029879 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-233 NMC1029878 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts RW-234 NMC1029818 Harvest Gold Corp (US) Eureka C. earning 70% Granted
SouthRoberts SR-1 NMC1080648 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-2 NMC1080649 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-3 NMC1080650 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-4 NMC1080651 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-5 NMC1080652 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-6 NMC1080653 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-7 NMC1080654 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-8 NMC1080655 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-9 NMC1080656 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-10 NMC1080657 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-11 NMC1080658 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-12 NMC1080659 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted

SouthRoberts SR-13 NMC1080660 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-14 NMC1080661 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-15 NMC1080662 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-16 NMC1080663 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-17 NMC1080664 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-18 NMC1080665 Kinetic Gold (US) Inc. Eureka C earning 70% Granted
SouthRoberts SR-19 NMC1080666 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-20 NMC1080667 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-21 NMC1080668 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-22 NMC1080669 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-23 NMC1080670 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-24 NMC1080671 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-25 NMC1080672 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-26 NMC1080673 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-27 NMC1080674 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-28 NMC1080675 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-29 NMC1080676 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-30 NMC1080677 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-31 NMC1080678 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-32 NMC1080679 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-33 NMC1080680 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-34 NMC1080681 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-37 NMC1080684 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-38 NMC1080685 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-40 NMC1080687 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-41 NMC1080688 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-42 NMC1080689 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-43 NMC1080690 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-44 NMC1080691 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-45 NMC1080692 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-46 NMC1080693 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted

SouthRoberts SR-47 NMC1080694 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-48 NMC1080695 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-49 NMC1080696 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-50 NMC1080697 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-51 NMC1080698 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-53 NMC1080700 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-54 NMC1080701 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
South SR-55 NMC1080702 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
RobertsSouth SR-56 NMC1080703 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
RobertsSouth SR-57 NMC1080704 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
RobertsSouth SR-58 NMC1080705 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
RobertsSouth SR-59 NMC1080706 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
RobertsSouth SR-60 NMC1080707 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
RobertsSouth SR-61 NMC1080708 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
RobertsSouth
RobertsSouth SR-62 NMC1080709 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
RobertsSouth SR-63 NMC1080710 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
Roberts SR-64 NMC1080711 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
Western Australia
Polar Bear E15/1298 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear E15/1461 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear E15/1541 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear E63/1142 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear E63/1712 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear E63/1725 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear E63/1756 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear E63/1757 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear M15/651 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear M15/710 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear M15/1814 Polar Metals Pty Ltd Lake Cowan 100% nickelwhengranted Application
Polar Bear M63/230 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear M63/255 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear M63/269 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear M63/279 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted

100% nickel
Polar Bear M63/662 Polar Metals Pty Ltd Lake Cowan whengranted Application
Polar Bear P15/5638 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P15/5639 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P15/5640 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P15/5958 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P15/5959 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P63/1587 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P63/1588 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P63/1589 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P63/1590 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P63/1591 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P63/1592 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P63/1593 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Polar Bear P63/1594 Polar Metals Pty Ltd Lake Cowan 100% nickel Granted
Eundynie JV E15/1458 Shumwari Pty Ltd Lake Cowan 80% nickel Granted
Eundynie JV E15/1459 Shumwari Pty Ltd Lake Cowan 80% nickel Granted
Eundynie JV E15/1464 Shumwari Pty Ltd Lake Cowan 80% nickel Granted
Eundynie JV E63/1726 Shumwari Pty Ltd Lake Cowan 80% nickel Granted
Eundynie JV E63/1727 Shumwari Pty Ltd Lake Cowan 80% nickel Granted
Eundynie JV E63/1738 Shumwari Pty Ltd Lake Cowan 80% nickel Granted
Norcott E15/1487 Polar Metals Pty Ltd Mt Norcott 100% nickel Granted
Norcott E63/1728 Polar Metals Pty Ltd Mt Norcott 100% nickel Granted