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S2 RESOURCES LTD Interim / Quarterly Report 2019
65745_rns_2019-01-28_81db426e-9f13-49ea-a2ec-97bf693aa59b.pdf
Interim / Quarterly Report
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ASX Announcement
DECEMBER 2018 QUARTERLY ACTIVITIES REPORT
Key points
29th January 2019
- Strong financial position with A$16.2 million cash and investments
- First reconnaissance holes drilled at Ecru project, Cortez district, Nevada – assays awaited
- Base of till drilling underway in Central Lapland Greenstone belt, Finland, to follow up gold anomalies identified in summer geochemical surveys
- Historic gold prospect applied for at Aakenusvaara in Finland
- Sold remaining GT Gold shares - average profit of 339%
- Acquired a 20% strategic stake in NT-focussed zinc-copper-gold explorer Todd River Resources (ASX: TRT)
CORPORATE
Finance
During the quarter, the Company sold its remaining 1 million GT Gold (TSXV:GTT) shares with proceeds net of brokerage costs being A$1.8 million. The Company's overall return on its original A$1 million investment was A$4.39 million, representing a 339% profit.
The proceeds from the GT Gold investment were used to take a 19.99% strategic stake in ASX listed Todd River Resources Ltd (ASX:TRT) as per S2's ASX announcement on 20 November 2018. S2 subscribed for 30,274,500 shares at A$0.08987 per share valuing the TRT investment at $2,720,815.
S2 also has 4 million shares in WA-focused gold producer Westgold (ASX:WGX) which it received as part consideration for the sale of its Polar Bear gold assets. The value of this at quarter's end was A$3.5 million, down from A$5.1 million at the end of the previous quarter, in line with the decrease in the WGX share price during the period from A$1.27 to A$0.875.
A total of A$2.4 million wasspent during the quarter, comprising A$1.5 million on exploration, A$0.5 million on corporate costs including business development costs, overheads and payments for fixed assets, A$0.4 million on staffing costs for all pre-resource exploration and corporate activities. Corporate costs were
higher this quarter due to payments for the company's annual insurance premiums (A$145,000) and software purchases (A$60,000). Staff costs comprised pre-resource exploration (A$282,000), corporate (A$69,000), directors and overseas directors fees (A$52,000) and business development (A$44,000).
Cash at the end of the quarter totaled A$10 million, and cash plus investments totaled A$16.2 million. Planned expenditure for the next quarter ended 31 March 2019 is anticipated to be approximately A$2.1 million.
Capital structure
2.9 million $0.14 options were issued during the quarter. The options were issued to employees and service providers. 0.3 million options also lapsed in the quarter.
The total issued capital comprises 247,915,179 ordinary shares and 53.35 million unlisted options, which if exercised, would represent a capital injection of A$18 million to the Company.
About Todd River Resources
TRT is a Northern Territory-focused base metal explorer that is advancing a number of zinc-copper-lead prospects including the EM1 discovery at its Mt Hardy project (refer to TRT's ASX announcement of 7 th November 2018 for details).
Subsequent to the end of the quarter the ASX granted a waiver to enable S2 to maintain its equity percentage interest in TRT providing this does not exceed 25%.
EXPLORATION
Ecru, Nevada, USA (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.
During the quarter, the Company completed the first of two initial stratigraphic diamond drill holes (NECD0001) to a depth of 1884.6 feet (574.43 metres). The hole was designed to test a coincident audiomagnetotellurics (AMT) conductivity high and gravity high identified in surveys completed last quarter, adjacent to interpreted intersecting structures which may have acted as a conduit for mineralizing fluids (Figures 1 to 3).
Subsequent to the end ofthe quarter,the second stratigraphic diamond drill hole (NECD0002) was completed at a depth of 2220 feet (676.66 metres). This hole waslocated approximately 500 metressouth of NECD0001 and was designed to test the same conductive body but within a distinct gravity low feature identified in the detailed gravity survey undertaken in the previous quarter.
Figure 1. Plan showing location of the recent drilling relative to the 3 ohm AMT isosurface and gravity.
The two holes intersected a thick package of siliciclastic sediments, comprising interbedded carbonaceous mudstones, siltstones and quartzites with some internal limestone and calcareous siltstone units, considered to represent the "upper plate" stratigraphy that overlies the primary target zone of carbonate-dominated
rocks (the "lower plate"). The carbonaceous units within the siliciclastic sediments are believed to be the source of the AMT conductivity anomaly.
Drill hole NECD0001 intersected a 229 foot thick (83 metre) section of limestone and calcareous mudstones within the siliciclastic sediments. It is unclear at this stage whether this represents part of the upper plate siliciclastic sequence, or is a structural "wedge" of prospective lower plate limestones. The pervasive faulting and brecciation encountered in both holes indicates that the area is structurally complex, which is consistent with the potential presence of thrust faults that may interleave upper and lower plate rocks. Such thrust faults are common in the district.
Samples will be submitted for age dating using micro-fossils ("bug dating") in order to clarify the stratigraphy and the potential for structural repetition and interleaving of upper and lower plate rocks.
Despite the presence of numerous zones of alteration and brecciation observed in the core, it is not possible to speculate whether this drilling may have intersected prospective stratigraphy and/or gold mineralization until assays and bug dating results have been received, because Carlin-style gold mineralization is notoriously difficult to reliably identify on the basis of visual criteria alone.
Also, it is important to note that whilst these holes have not penetrated to the more prospective lower plate sequence, the upper plate siliciclastic rocks also host significant gold mineralization in the district, notably Barrick's Robertson deposit, which is located immediately to the south of the project area (Figure 2) and which has a Mineral Resource of 2.74 million ounces gold (see S2's ASX announcement of 16th October 2018 for details). Additionally, historic drilling to the north within the project area intersected broad zones of anomalous gold (Figure2 and 3), including 16.92 metres @ 1.3 g/t gold from 173.58 metres and 3.05 metres @ 5.46 g/t gold from 298.7 metres in drill hole VIT-07-01 (see S2's AGM presentation of 13th November 2018 for details).
A detailed assessment of the results implications of the drilling will be undertaken once results have been received. These are expected in February.
Figure 2. Isometric view (looking SW) showing the recent drilling testing the 3 ohm AMT isosurface.
Figure 3. Close-up Isometric view (looking WSW) showing the recent drilling relative to historical drill results and the 3 ohm AMT isosurface.
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.
During the quarter, the Company received the balance of results from its regional ionic leach geochemical survey undertaken during the northern summer field season, prioritized the grant of key exploration licence application areas over the most extensive and coherent geochemical anomalies defined in this program, and planned an extensive 2,400 hole basal till reconnaissance drilling (BOT) program over these anomalies (see Figure 4).
Five high priority areas have been identified and five new tenement applications have been created within existing S2 ground package to enable fast tracking of the application process. The largest of these new applications, Panna Central, was granted by the Finnish Mineral Tenure department (TUKES) on 28th December 2018 with no objections, allowing the BOT program to start early in 2019. This is now underway and will continue through to Easter 2019.
Figure 4. Panna central granted licence with planned reconnaissance base of till (BoT) hole locations at 400x20 metre grid spacing over ionic leach gold anomalies.
The aim of the BoT program is to resolve the broad geochemical anomalies and trends identified in the geochemical sampling into more discrete drill targets, and to more accurately trace the strike of potentially mineralized shear zones under the glacial cover. To this end, the BoT drilling is being undertaken with tightly
(20 metre) spaced holes on 400 metre spaced lines, with iterative infill as required. The tight line spacing is necessitated by the limited lateral dispersion of gold mineralization in the glaciated environment: unlike in deeply weathered terrains such as in Australia there is very little dispersion to provide a broader footprint.
At Ruopas, considered to be prospective for magmatic nickel-copper sulphide mineralization, the electromagnetic (EM) conductors identified in the summer VTEM survey were field checked and prioritized for ground EM follow up in the March quarter. Four initial areas have been selected on the basis of VTEM and/or geochemical anomalism for follow up with ground-based moving and/or fixed loop EM over the winter (see Figure 5).
Figure 5. Final VTEM image of Ruopas with areas prioritized for ground-based moving and fixed loop EM follow up.
An exploration licence application has also been submitted to TUKES over the Aakenusvaara gold prospect, a historic prospect located on the Sirkka shear zone immediately along strike from the Saattopora gold deposit, mined by Outukumpu during the 1980's (see Figure 6).
At Aakenusvaara, Outokumpu drilled a total of 27 diamond and 15 short RC holes, with significant zones of gold mineralisation intersected in some. The collars of these holes have been located and the historic data is being purchased from the Finnish Geological Survey (GTK). However, the non-digital nature of the data precludes accurate assessment of assays, intercepts and downhole surveys so new drilling will be required to assess the prospect to JORC standards.
Aakenusvaara will present an immediate drill target once granted and it is accessible in both summer and winter.
Figure 6. Location of S2's exploration license application and historic Outokumpu drilling at the Aakenusvaara gold prospect.
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 a variety of opportunities elsewhere, and with current 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
Competent Persons statements
The information in this report that relates to Exploration Results from Nevada is based on information compiled by John Bartlett, who is an employee and shareholder of the Company. Mr Bartlett is a member of the Australian Institute of Mining and Metallurgy (MAusIMM) and has sufficient experience of relevance to the style of mineralization and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bartlett consents to the inclusion in this report of the matters based on information in the form and context in which it appears.
The information in this report that relates to Exploration Results from Sweden and Finland is based on information compiled by Andy Thompson, who is an employee and shareholder of the Company. Mr Thompson is a member of the Australian Institute of Mining and Metallurgy (MAusIMM) and has sufficient experience of relevance to the style of mineralization and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Thompson consents to the inclusion in this report of the matters based on information in the form and context in which it appears.
Annexure 1
The following Tables are provided to ensure compliance with the JORC code (2012) edition requirements for the reporting of exploration results.
| Hole ID | Depth | Northing | Easting | RL | Dip | Azim | From(m) | To(m) | Interval(m) | Gold(g/t) |
|---|---|---|---|---|---|---|---|---|---|---|
| BIC-1 | 528.83 | 4467511 | 530234 | 1545 | -90 | 000 | NSI | |||
| VIT-07-01 | 573.02 | 4467313 | 528376 | 1607.8 | -75 | 230 | 61.57 | 88.39 | 26.82 | 0.25 |
| and | 173.58 | 190.5 | 16.92 | 1.3 | ||||||
| and | 196.6 | 199.64 | 3.05 | 0.16 | ||||||
| and | 286.51 | 288.04 | 1.52 | 2.67 | ||||||
| and | 298.7 | 301.75 | 3.05 | 5.46 | ||||||
| and | 342.29 | 346.86 | 4.57 | 0.21 | ||||||
| VIT-07-02 | 386.4864 | 4467646 | 528323 | 1606.6 | -75 | 240 | 168.25 | 231.04 | 62.79 | 0.27 |
| and | 275.84 | 280.42 | 4.57 | 0.56 | ||||||
| and | 298.7 | 306.32 | 7.62 | 0.71 | ||||||
| and | 338.33 | 342.9 | 7.62 | 0.17 | ||||||
| HT-7 | 908.7612 | 4466828.7 | 528327.49 | 1600.1 | -60 | 223 | 272.19 | 280.42 | 8.23 | 0.16 |
| and | 465.73 | 467.26 | 1.52 | 0.32 | ||||||
| and | 775.87 | 751.33 | 3.2 | 0.17 | ||||||
| and | 755.9 | 758.95 | 3.05 | 0.96 | ||||||
| and | 771.14 | 777.85 | 6.71 | 0.15 | ||||||
| and | 829.06 | 833.63 | 4.57 | 0.26 | ||||||
| NECD0001 | 574.43 | 4466000 | 528080 | 1579.5 | -90 | 000 | AWR | |||
| NECD0002 | 676.66 | 4465500 | 528040 | 1562.7 | -90 | 000 | AWR |
SECTION 1 SAMPLING TECHNIQUES AND DATA
| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| Sampling techniques | Nature and quality of sampling (e.g. cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to theminerals under investigation, such as down holegamma sondes, or handheld XRF instruments,etc). These examples should not be taken aslimiting the broad meaning of sampling. | Rock chip samples were collected by random chip sampling with ageological hammer of about fist size material to make a collectivesample weight of about 0.5-2kg.Drilling is undertaken using Idea Drilling or Boart Longyear, basedout of Nevada, USA. Drilling was carried out using either PQ3 orHQ3 with a core size of 83mm or 61.1mm respectively. Thesamples are logged and marked up by S2 personnel. Unbiased coresample intervals were sent to Bureau Veritas in Reno, Nevada tobe cut and sampled with ½ core submitted for analysis. | ||
| Include reference to measures taken to ensuresample representivity and the appropriatecalibration of any measurement tools or systemsused | Rock material that comprised the samples were selected randomlywithout bias to material appearance to give an accuraterepresentation of the sample being collected.For diamond core, sampling and QAQC procedures are carried outusing S2 protocols as per industry best practice. | |||
| Aspects of the determination of mineralisationthat are Material to the Public Report. In caseswhere 'industry standard' work has been donethis would be relatively simple (e.g. 'reversecirculation drilling was used to obtain 1 msamples from which 3 kg was pulverised toproduce a 30 g charge for fire assay'). In othercases more explanation may be required, such aswhere there is coarse gold that has inherentsampling problems. Unusual commodities ormineralisation types (e.g. submarine nodules) maywarrant disclosure of detailed information | Samples were dried, crushed with a 500g split pulverised (totalprep). Samples were analysed using an aqua regia digest ICP/OESand ICP/MS (Code ME-MS41) and by fire assay with an ICP/AESfinish (Code Au-ICP21). The following elements are included in theassay suite: Ag, Al, As, Au, B, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu,Fe, Ga, Ge, , Hf, Hg, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb,Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr. | |||
| Drilling techniques | Drill type (e.g. core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic,etc) and details (e.g. core diameter, triple orstandard tube, depth of diamond tails, facesampling bit or other type, whether core isoriented and if so, by what method, etc). | Diamond drilling with PQ3 or HQ3 wireline bit producing an 83mmor 61.1mm diameter core sample respectively. | ||
| Drill samplerecovery | Method of recording and assessing core and chipsample recoveries and results assessed | Diamond Drill core recoveries are visually estimated qualitatively ona feet basis and are recorded in the database. | ||
| Measures taken to maximise sample recovery andensure representative nature of the samples | Triple tube drilling, use of drilling muds and short drill runs areutilized in areas of difficult drilling to maximize recoveries andminimize lose of fine / broken material. | |||
| Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material. | No relationship can be established at the present time. | |||
| Logging | Whether core and chip samples have beengeologically and geotechnically logged to a levelof detail to support appropriate Mineral Resourceestimation, mining studies and metallurgicalstudies. | The logging uses a standard legend developed by S2 which issuitable for wireframing. Exploration holes are not routinely loggedgeotechnically however holes have been geotechnically logged toattempt to establish potential fault zones. | ||
| Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc)photography. | All core has been photographed both dry and wet. Geologicallogging of the diamond drill holes is onto physical log sheetsfollowed by importing into S2's central database. | |||
| The total length and percentage of the relevantintersections logged | All drill holes were logged in full. |
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Sub-samplingtechniques andsample preparation | If core, whether cut or sawn and whether quarter,half or all core taken. | Core sawn in half and half core taken |
| If non-core, whether riffled, tube sampled, rotarysplit, etc and whether sampled wet or dry. | No sampling of non core drilling has taken place. | |
| Samples are analysed for gold using 30g lead collection fire assaywith an ICP/ES finish at the ALS laboratory in Reno, Nevada. Thissample is considered a total digest and the highest quality assaytechnique available. | ||
| For all sample types, the nature, quality andappropriateness of the sample preparationtechnique. | In addition an extensive multi-element suite (including Ag, Al, As,Au, B, Ba, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg, K, La, Mg, M Ag, Al, As,Au, B, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, , Hf, Hg, In, K,La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta,Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr.) is analysed using an aqua regia digestwith an ICP-MS finish. This method is a partial digest, but isconsidered appropriate to identify potential pathfinder elementswhich may assist in locating nearby gold mineralisation. | |
| Quality control procedures adopted for all subsampling stages to maximise representivity of | Laboratory Quality control procedures include submission ofCertified Reference Materials (CRM's), blanks and duplicatesamples with each batch of samples. Selected samples are also reanalysed to confirm anomalous results. | |
| samples. | Grind size checks are routinely completed to ensure samples meetthe industry standard of 85% passing through a 75µm mesh. | |
| Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for fieldduplicate/second-half sampling. | Samples are collected using an unbiased half core sample.Duplicate samples are collected by taking a second split form thecrushed material. | |
| Whether sample sizes are appropriate to the grainsize of the material being sampled. | Sample sizes are considered appropriate for gold mineralisation. | |
| Quality of assaydata and laboratorytests | Samples are analysed for gold using 30g lead collection fire assaywith an ICP/ES finish at the Bureau Veritas laboratory in Reno,Nevada. This sample is considered a total digest and the highestquality assay technique available. | |
| The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial ortotal. | In addition an extensive multi-element suite (including Ag, Al, As,Au, B, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, , Hf, Hg, In,K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr,Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr.) is analysed using an aqua regiadigest with an ICP-MS finish. This method is a partial digest, but isconsidered appropriate to identify potential pathfinder elementswhich may assist in locating nearby gold mineralisation. | |
| For geophysical tools, spectrometers, handheldXRF instruments, etc, the parameters used indetermining the analysis including instrumentmake and model, reading times, calibrationsfactors applied and their derivation, etc. | Not applicable – no geophysical techniques have been used todetermine an assay value. | |
| Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy(i.e. lack of bias) and precision have beenestablished. | Sample preparation checks for fineness were carried out by thelaboratory as part of their internal procedures to ensure the grindsize of 85% passing 75 micron was being attained. Laboratory QAQCinvolves the use of internal lab standards using certified referencematerial, blanks, splits and replicates as part of the in houseprocedures. | |
| Verification ofsampling andassaying | The verification of significant intersections byeither independent or alternative companypersonnel. | The Exploration Manager of S2 has visually verified the results. |
| The use of twinned holes. | No twin holes have been undertaken by S2 Resources Ltd. |
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Documentation of primary data, data entryprocedures, data verification, data storage(physical and electronic) protocols. | Primary sampling data is collected in a set of standard Exceltemplates. The information is managed by S2's database managerfor validation and compilation into S2's central database | |
| Discuss any adjustment to assay data. | No adjustments or calibrations were made to any assay datareported. | |
| Location of datapoints | Accuracy and quality of surveys used to locatedrillholes (collar and down-hole surveys),trenches, mine workings and other locations usedin Mineral Resource estimation. | Drill sites were defined using a Garmin handheld GPS with anaccuracy about +/– 4m for easting and northing. |
| Specification of the grid system used. | The grid system used was NAD 27 Zone 11. | |
| Quality and adequacy of topographic control. | No controls were utilized and are not deemed important for theregional nature of drilling. | |
| Data spacing anddistribution | Data spacing for reporting of Exploration Results. | Drilling has targeted specific geological features and are notcompleted on specific spacing at this time. |
| Whether the data spacing and distribution issufficient to establish the degree of geological andgrade continuity appropriate for the MineralResource and Ore Reserve estimation procedure(s)and classifications applied. | Data spacing and distribution is not sufficient at this stage to allowthe estimation of mineral resources. | |
| Whether sample compositing has been applied. | No compositing has been applied | |
| Orientation of datain relation togeological structure | Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering thedeposit type. | Drillhole orientation is reconnaissance in nature and is notnecessarily drilled perpendicular to the orientation of theintersected mineralisation. |
| If the relationship between the drilling orientationand the orientation of key mineralised structuresis considered to have introduced a sampling bias,this should be assessed and reported if material. | No relationship to orientation of key mineralized structures hasbeen established at this time. | |
| Sample security | The measures taken to ensure sample security. | Chain of custody is managed by S2 Resources. Samples are storedon site and then delivered to the laboratory in Elko, Nevada.Tracking sheets have been set up to track the progress of batchesof samples. |
| Audits or reviews | The results of any audits or reviews of samplingtechniques and data. | No audits have been undertaken and it is not considered materialat this stage of exploration. |
SECTION 2 REPORTING OF EXPLORATION RESULTS
| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| Mineral tenementand land tenurestatus | Type, reference name/number, location andownership including agreements or materialissues with third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings. | S2 Resources Ltd, through its subsidiary Nevada Star ExplorationLLC, is earning into the following mineral tenure via an agreementwith Kinetic Gold (US) Inc ("Kinetic") and its parent companyRenaissance Gold Inc. ("RenGold")1.Kinetic holds an Option to Purchase under the Ivy OptionAgreement112MineralClaims(NMC1098847–1098958) held by Ivy Minerals Inc within Lander County,NV.2.Kinetic holds a sub-lease agreement with Newmont(USA) Ltd to the mineral rights to private held lands on 2section blocks (T29N R47E Section 27 (All) and T29NR47E Section 33 (N1/2, N1/2S1/2).All are subject to certain confidential royalty agreements, payableby Nevada Star Exploration LLC to Kinetic Gold (US) Inc and thirdpartiesBased on a due diligence process, no commercial, historical, nativetitle, heritage or environmental impediments are known | ||
| The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area. | Based on a due diligence process, the claims are in good standingand no known impediments exist on tenement actively explored. | |||
| Exploration done byother parties | Acknowledgment and appraisal of exploration byother parties. | Ivy Minerals, in JV partnership with Kinetic Gold (US) Inc (now awholly-owned subsidiary of RenGold), completed broad spacedenzyme leach and gravity surveying over the property.Limited information on any earlier exploration activities is available,however it is known that Barrick Gold completed one historic RCdrill hole on the property in 1995.In addition Victoria Resources completed three diamond holesbetween 2007 and 2008.Variable data on each of the historic drill holes is available and thishas been captured in the S2 database. No samples are known tosurvive and the historical results have not been verified by S2ResourcesAll known historic drill site has been visited and verified by ageologist working on behalf of S2 Resources. | ||
| Geology | Deposit type, geological setting and style ofmineralisation. | The projects are located within the Great Basin of Nevada and thedeposit type being explored consists of the Carlin-style whichcomprises fine-grained disseminated replacement sulphide (pyrite)mineralisation in zones of silicified, decarbonatised, argillised, siltycalcareous rocks and associated jasperoids.The mineralisation is hosted within Palaeozoic carbonate andsiliciclastic sedimentary rocks which were deposited in a marinesetting ranging from deep to shallow water on a former westerncontinental margin of North America. These units were deformedby the Antler Orogeny and later intruded by felsic bodies of varyingages. The age of the mineralisation is Eocene and ranges between34-42 Ma. Later faulting developed the distinctive 'Basin and Range'topography of the area. |
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Drill holeInformation | A summary of all information material to theunderstanding of the exploration results includinga tabulation of the following information for allMaterial drill holes:easting and northing of the drill holecollarelevation or RL (Reduced Level –elevation above sea level in metres) ofthe drill hole collardip and azimuth of the holedown hole length and interceptiondepthhole length. | Refer to Annexure 1 and sample plans in text. |
| Data aggregationmethods | In reporting Exploration Results, weightingaveraging techniques, maximum and/or minimumgrade truncations (e.g. cutting of high grades) andcut-off grades are usually Material and should bestated. | For historical results a 0.1ppm gold was used as the lower cut-off,however the method of averaging is unknown, however a 0.1 ppmcut-off Not applicable – no data aggregation has taken place. |
| Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shownin detail. | Historical results do not report any internal high grade results. | |
| The assumptions used for any reporting of metalequivalent values should be clearly stated. | Not applicable – no metal equivalent values have been reported. | |
| Relationshipbetweenmineralisationwidths andintercept lengths | These relationships are particularly important inthe reporting of Exploration Results.If the geometry of the mineralisation with respectto the drill hole angle is known, its nature shouldbe reported.If it is not known and only the down hole lengthsare reported, there should be a clear statementto this effect (e.g. 'down hole length, true widthnot known'). | It is not known at this stage what the angle between drill core andthe geometry of mineralization. |
| Diagram | Appropriate maps and sections (with scales) andtabulations of intercepts should be included forany significant discovery being reported Theseshould include, but not be limited to a plan viewof drill hole collar locations and appropriatesectional views. | All Figures are contained in the body of the text. |
| Balanced reporting | Where comprehensive reporting of all ExplorationResults is not practicable, representativereporting of both low and high grades and/orwidths should be practiced to avoid misleadingreporting of Exploration Results. | All results considered significant are reported. |
| Other substantiveexploration data | Other exploration data, if meaningful andmaterial, should be reported including (but notlimited to): geological observations; geophysicalsurvey results; geochemical survey results; bulksamples – size and method of treatment;metallurgical test results; bulk density,groundwater, geotechnical and rockcharacteristics; potential deleterious orcontaminating substances. | No other exploration data collected to date is considered materialor meaningful at this stage. |
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Further work | The nature and scale of planned further work (e.g.tests for lateral extensions or depth extensions orlarge-scale step-out drilling).Diagrams clearly highlighting the areas of possibleextensions, including the main geologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive | Petrophysical measurements on diamond core will be taken toprovide inputs to better refine modelling and interpretation of thegravity and AMT geophysical data.Micro-fossil dating of core from recent drilling will be carried out toassist in defining stratigraphy. |
| 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 | Laxselmyran nr 402 | S2 Sverige AB | Skellefte | 100% | Granted |
| Skellefte | Hästskomyran nr 401 | 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 | Rengård nr 403 | S2 Sverige AB | Skellefte | 100% | Granted |
| Skellefte | Laxselmyran nr 406 | S2 Sverige AB | Skellefte | 100% | Granted |
| Skellefte | Käringträsk nr 401 | S2 Sverige AB | Skellefte | 100% | Granted |
| Finland | |||||
| Reservations | |||||
| Central Lapland | Pahasvuoma | Sakumpu Exploration Oy | Central Lapland | 100% | Granted |
| Central Lapland | Rova | Sakumpu Exploration Oy | Central Lapland | 100% | Granted |
| Exploration Licenses | |||||
| Central Lapland | Kerjonen | Sakumpu Exploration Oy | Central Lapland | 100% | Granted |
| Central Lapland | Keulakkopää | Sakumpu Exploration Oy | Central Lapland | 100% | Granted |
| Central Lapland | Palvanen | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Putaanperä | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Sikavaara | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Paana East | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Paana West | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Selkä | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Mesi | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Lisma | Sakumpu Exploration Oy | Central Lapland | 100% | Granted |
| Central Lapland | Ruopas | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Nuttio | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Home | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Hanhijarvi | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Pikkulaki | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Ruopas 1 | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Paana Central | Sakumpu Exploration Oy | Central Lapland | 100% | Granted |
| Central Lapland | Paana W2 | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Home 1 | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Palvanen 1 | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Palvanen 2 | Sakumpu Exploration Oy | Central Lapland | 100% when granted | Application |
| Central Lapland | Aakenusvaara | Sakumpu Exploration Oy | Central Lapland | 100% when granted | 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 |
| Project | Tenement ID | Registered Holder | Location | Ownership % | Status |
|---|---|---|---|---|---|
| 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% | GrantedGranted |
| EcruEcru | Ecru 17 NMC1098863Ecru 18 NMC1098864 | Kinetic Gold (US) Inc.Kinetic Gold (US) Inc. | Lander C.Lander C. | earning 70%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% | GrantedGranted |
| EcruEcru | Ecru 32 NMC1098878Ecru 33 NMC1098879 | Kinetic Gold (US) Inc.Kinetic Gold (US) Inc. | Lander C.Lander C. | earning 70%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% | GrantedGranted |
| EcruEcru | Ecru 50 NMC1098896Ecru 51 NMC1098897 | Kinetic Gold (US) Inc.Kinetic Gold (US) Inc. | Lander C.Lander C. | earning 70%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 |
| EcruEcru | Ecru 66 NMC1098912Ecru 67 NMC1098913 | Kinetic Gold (US) Inc.Kinetic Gold (US) Inc. | Lander C.Lander C. | earning 70%earning 70% | GrantedGranted |
| 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% | GrantedGranted |
| EcruEcru | Ecru 83 NMC1098929Ecru 84 NMC1098930 | Kinetic Gold (US) Inc.Kinetic Gold (US) Inc. | Lander C.Lander C. | earning 70%earning 70% | Granted |
| Ecru | Ecru 85 NMC1098931 | Kinetic Gold (US) Inc. | Lander C. | earning 70% | Granted |
| earning 70% | Granted |
| Project | Tenement ID | Registered Holder | Location | Ownership % | Status |
|---|---|---|---|---|---|
| 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 |
| Granted Private | |||||
| Ecru | T29N R47E Section 27 (All) | Newmont USA Ltd | Lander C. | earning 70% | Mineral Rights |
| Granted Private | |||||
| Ecru | T29N R47E Section 33 (N1/2, N1/2S1/2) | Newmont USA Ltd | Lander C. | earning 70% | Mineral Rights |
| 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% nickel | Granted |
| 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 |
| Polar Bear | M63/662 | Polar Metals Pty Ltd | Lake Cowan | 100% nickel when granted | 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 | Polar Metals Pty Ltd / Shumwari Pty Ltd | Lake Cowan | 80% nickel | Granted |
| Eundynie JV | E15/1459 | Polar Metals Pty Ltd / Shumwari Pty Ltd | Lake Cowan | 80% nickel | Granted |
| Eundynie JV | E15/1464 | Polar Metals Pty Ltd / Shumwari Pty Ltd | Lake Cowan | 80% nickel | Granted |
| Eundynie JV | E63/1726 | Polar Metals Pty Ltd / Shumwari Pty Ltd | Lake Cowan | 80% nickel | Granted |
| Eundynie JV | E63/1727 | Polar Metals Pty Ltd / Shumwari Pty Ltd | Lake Cowan | 80% nickel | Granted |
| Eundynie JV | E63/1738 | Polar Metals Pty Ltd / 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 |
| Fraser Range | E28/2791 | Southern Star Pty Ltd | Fraser Range | 100% when granted – subject to ballot | Application |
| Fraser Range | E28/2792 | Southern Star Pty Ltd | Fraser Range | 100% when granted – subject to ballot | Application |
| Fraser Range | E28/2793 | Southern Star Pty Ltd | Fraser Range | 100% when granted – subject to ballot | Application |
| Fraser Range | E28/2794 | Southern Star Pty Ltd | Fraser Range | 100% when granted – subject to ballot | Application |