Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

S2 RESOURCES LTD Interim / Quarterly Report 2018

Apr 25, 2018

65745_rns_2018-04-25_33f994e2-2037-4a00-9ebf-d7bece8bfe81.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

ASX Announcement

Thursday 26th April 2018

MARCH 2018 QUARTERLY ACTIVITIES REPORT

Key points

  • Sold Polar Bear and Western Australian tenure to Westgold for A$9 million
  • Tested Storgroven, Onusberget and Nasvattnet targets in Sweden
  • Commenced drilling at South Roberts, Nevada
  • Cash and investments of A$22.9 million at quarter's end

CORPORATE

Polar Bear Sale

The Company's Western Australian tenure, comprising the Polar Bear project together with the nearby Norcott project and the Eundynie Joint Venture, was sold during the quarter to Westgold Resources Ltd ("Westgold"). The total consideration comprised A$3 million cash plus 4 million Westgold shares valued at a nominal A$1.50 per share for a total consideration of A$9 million. The Westgold shares are escrowed for six months.

S2 has retained the nickel rights over this tenure, which includes the Halls Knoll and Taipan nickel sulphide prospects discovered by S2's forerunner, Sirius Resources, prior to its takeover by Indepence Group.

Finance

A total of A$2.3 million wasspent during the quarter, comprising A$1.2 million on exploration, A$0.3 million on corporate costs including business development costs, overheads and payments for fixed assets, A$0.6 million on staffing costsfor all pre-resource exploration and corporate activities and A$0.2million in taxation payments.

Cash at the end of the quarter totaled A$16.2 million, and cash plus investments totaled A$22.9 million.

Investments comprise 1 million GT Gold (TSXV: GTT)shares with a current value at A$0.70 pershare of A$0.7 million and the 4,000,000 Westgold shares received as consideration for the Polar Bear sale, which have a current value at A$1.50 per share of A$6 million.

Planned expenditure forthe next quarter ended 31 December 2017 is anticipated to be approximately A$2.3 million.

Capital structure

During the quarter, 1,862,727 shares were issued to Hartleys Limited as part of a success fee for the sale of the Polar Bear Project to Westgold.

The total issued capital is now 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).

Pluto, Nevada

Following a comprehensive drill test of the Pluto target concept (see ASX announcement of 2 nd January 2018), the Company has formally withdrawn from the Pluto earn-in.

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 and on the western margin of the northern Nevada rift in a similar setting to Barrick's 12Moz Goldrush deposit to the north. The project area 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 ofsix very wide (~1 kilometre) spaced holesintersected 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.

During the quarter a controlled source audiomagnetotelluric (CSAMT) survey was undertaken to confirm the location of an anticline interpreted from previous work, which is considered to be the preferred trap site for gold mineralization. The CSAMT survey confirmed this interpretation, defining a north-south trending anticlinal crest hidden beneath transported gravels (see Figure 1 and refer to ASX announcement of 24th April 2018).

Follow up enzyme leach surface geochemical sampling, which is designed to detect mineralization buried beneath transported material, also identified several anomalous zones of gold and associated Carlin-suite elements broadly coincident with this anticline.

Two initial holes were designed on the basis of the above surveys, with each hole being planned to a depth of ~400 metres to test multiple target horizons associated with specific favourable stratigraphic units (see Figure 2) located in the apex of this anticline, as follows:

The contact between the Mississippian Webb Formation and the Devonian Devils Gate Formation limestones (host to the Rain and Afgan deposits)

  • The upper part of the Devonian Denay Formation limestones (host to the Gold Bar, Gold Canyon and Goldstone deposits), which may be equivalent to the Wenban Formation (host to the Goldrush deposit)
  • Subject to depth, the Devonian McColley Canyon Formation limestones (host to the Gold Pick and Gold Ridge deposits)

Drilling of the first of these holes started subsequent to the end of the quarter (see ASX announcement of 24th April 2018).

Figure 1. 3D view looking to the northeast showing the position of the drill target (labelled as A and B) at the South Roberts project. The target occupies the apex of an anticline (as shown by the two CSAMT resistivity images) adjacent to an interpreted steep east-dipping fault (the fluid pathway). The entirety is covered by pediment (alluvium and colluvium) as shown by the unresistive (red coloured) horizontal layer in the CSAMT sections.

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.

Drilling of the Ecru project is scheduled to commence in the second half of calendar 2018. Two initial deep stratigraphic holes are planned to pierce the upper plate sequence and test 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 712 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.

Planning is underway for a significant summer exploration program comprising:

  • A large VTEM survey over an area of the Company's Finnish tenure considered prospective for Sakatti-style copper-nickel-platinum magmatic sulphide mineralization
  • An extensive multi-team reconnaissance geochemical campaign over the Company's Finnish tenure considered prospective for lode gold mineralization

The geochemical program will commence once winter snow has melted – most likely late May – and continue throughout the northern summer. The VTEM survey is scheduled for July/August.

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 805 square kilometres of ground, which it considers highly prospective for similar polymetallic VMS mineralization and orogenic shear zone hosted lode gold mineralization.

The winter drilling campaign was completed during the quarter, with the Nasvattnet, Storgroven and Onusberg targets being tested.

During and subsequent to the quarter, results were received for eight holes drilled as a preliminary test of the Storgroven prospect. This drilling defined an extensive alteration zone containing numerous lenses of pyritic volcanogenic massive pyrite, with a best intercept of 15.7m @ 0.8 g/t gold and 6 g/t silver from 25m downhole in hole SSTG180001 (see ASX announcement of 27 March 2018).

No significant intercepts were returned from drilling atthe Nasvattnet prospect orthe Onusberget prospect.

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 100% Granted
Skellefte Hästskomyran nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Rengård nr 402 S2 Sverige AB Skellefte 100% Granted
Skellefte Udden nr 401 S2 Sverige AB Skellefte 100% Granted
Skellefte Udden nr 402 S2 Sverige AB Skellefte 100% Granted
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 0% Lapsed
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
Siila Sakumpu Exploration Oy 0% Lapsed

CentralLapland CentralLapland
CentralLapland Silmä Sakumpu Exploration Oy CentralLapland 0% Lapsed
CentralLapland Pahka Sakumpu Exploration Oy CentralLapland 0% Lapsed
CentralLapland Majava Sakumpu Exploration Oy CentralLapland 0% Lapsed
CentralLapland Jänes Sakumpu Exploration Oy CentralLapland 0% Lapsed
CentralLapland Pahasvuoma Sakumpu Exploration Oy CentralLapland 100% Granted
Exploration Licenses
CentralLapland Kerjonen Sakumpu Exploration Oy CentralLapland 100% Granted
CentralLapland Nuokkio Sakumpu Exploration Oy CentralLapland 0% Lapsed
CentralLapland Keulakkopää Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Palvanen Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Putaanperä Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Sikavaara Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Paana East Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Paana West Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Selkä Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Mesi Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Lisma Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Ruopas Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Nuttio Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Home Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Hanhijarvi Sakumpu Exploration Oy CentralLapland 100% whengranted Application
CentralLapland Pikkulaki Sakumpu Exploration Oy 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
SouthRoberts SR-55 NMC1080702 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-56 NMC1080703 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-57 NMC1080704 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-58 NMC1080705 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-59 NMC1080706 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-60 NMC1080707 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-61 NMC1080708 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-62 NMC1080709 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-63 NMC1080710 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
SouthRoberts SR-64 NMC1080711 Kinetic Gold (US) Inc. Eureka C. earning 70% Granted
Western Australia
PolarBear E15/1298 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear E15/1461 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear E15/1541 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear E63/1142 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear E63/1712 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear E63/1725 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear E63/1756 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear E63/1757 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear M15/651 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear M15/710 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear M15/1814 Polar Metals Pty Ltd LakeCowan 100% nickelwhengranted Application
PolarBear M63/230 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear M63/255 Polar Metals Pty Ltd LakeCowan 100% nickel Granted

PolarBear M63/269 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear M63/279 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear M63/662 Polar Metals Pty Ltd LakeCowan 100% nickelwhengranted Application
PolarBear P15/5638 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P15/5639 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P15/5640 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P15/5958 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P15/5959 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P63/1587 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P63/1588 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P63/1589 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P63/1590 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P63/1591 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P63/1592 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P63/1593 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
PolarBear P63/1594 Polar Metals Pty Ltd LakeCowan 100% nickel Granted
EundynieJV E15/1458 Shumwari Pty Ltd LakeCowan 80% nickel Granted
EundynieJV E15/1459 Shumwari Pty Ltd LakeCowan 80% nickel Granted
EundynieJV E15/1464 Shumwari Pty Ltd LakeCowan 80% nickel Granted
EundynieJV E63/1726 Shumwari Pty Ltd LakeCowan 80% nickel Granted
EundynieJV E63/1727 Shumwari Pty Ltd LakeCowan 80% nickel Granted
EundynieJV E63/1738 Shumwari Pty Ltd LakeCowan 80% nickel Granted
Norcott E15/1487 Polar Metals Pty Ltd MtNorcott 100% nickel Granted
Norcott E63/1728 Polar Metals Pty Ltd MtNorcott 100% nickel Granted