S2 RESOURCES LTD — Regulatory Filings 2015

Nov 29, 2015

ASX Announcement

Monday 30[th] November 2015

==> picture [584 x 107] intentionally omitted <==

EXPLORATION UPDATE

Highlights

• RC resource drilling of oxide zone at Baloo approximately 60% complete

• First results from RC drilling of Baloo oxide zone confirm previous aircore results and include intersection of 62m @ 3.52 g/t Au (top cut to 30g/t Au)

• Numerous strong EM conductors identified in first ever VTEM survey of the world class Skellefte VMS belt, Sweden, home of Boliden’s Au-Cu-Zn-Ag mines

• Significant IP anomaly identified beneath outcropping copper sulphide mineralisation at the Brannas Cu-Au-PGM prospect in Sweden

• S2 now owns 100% of Swedish and Finnish assets (formerly 67%)

S2 Resources Ltd (“S2” or the “Company”) advises that initial resource reverse circulation (RC) drilling of the oxide zone at its 100% owned Baloo gold deposit is confirming previous expectations, and that initial reconnaissance exploration of its Swedish and Finnish properties is producing highly encouraging results. S2 has also restructured the agreement governing its Swedish and Finnish properties to increase its ownership from 67% to 100%, with the vendors becoming shareholders of S2.

Baloo (Polar Bear, Western Australia)

Reverse circulation (RC) drilling of the oxide zone at the Baloo gold deposit is approximately 60% complete and results have been received for the first 38 holes of 73 drilled so far. Most of the results to date are from the peripheral portion of the oxide zone where the new rig was initially deployed to ensure it was operating optimally and obtaining samples of high integrity before drilling the central part of the oxide zone. Some of the results are from the central part of the zone (see Figure 1).

Results received to date are replicating those from the original aircore drilling undertaken by Sirius Resources (see Figures 1 to 3).

Full results are shown in Table 1. Better results from the new RC drilling (with all assay results top cut to 30 g/t Au in intersections greater than 1m) include:

North Wing, Level 2, 1 Manning Street, Scarborough WA 6019, Australia PO Box 1059 Scarborough WA 6922, Australia ABN 18 606 128 090 T +61 8 6166 0240 F 61 8 6241 4299 E admin@s2resources.com.au W www.s2resources.com.au

• 4m @ 4.20 g/t Au from 9 metres, including 1m @ 13.6 g/t Au from 9m in SPBC0163

• 10m @ 2.16 g/t Au from 20m, including 2m @ 7.37 g/t Au from 10m in SPBC0166

• 40m @ 1.04 g/t Au from 20m, including 4m @ 4.06 g/t Au from 46m in SPBC0167

• 16m @ 1.41 g/t Au from 55m in SPBC0172

• 56m @ 1.31 g/t Au from 2m, including 12m @ 3.16 g/t Au from 2m in SPBC0175

• 62m @ 3.52 g/t Au from 28m, including 8m @ 15.4 g/t Au from 77m in SPBC0177

• 59m @ 1.99 g/t Au from 27m, including 5m @ 8.43 g/t Au from 49m in SPBC0178

• 14m @ 2.38 g/t Au from 7m in SPBC0179

• 28m @ 1.60 g/t Au from 7m, including 4m @ 4.97 g/t Au from 9m in SPBC0180

• 12m @ 1.66 g/t Au from 30m in SPBC0186

• 9m @ 1.75 g/t Au from 5m in SPBC0187

• 8m @ 1.72 g/t Au from 7m in SPBC0193

• 8m @ 1.52 g/t Au from 5m and 16m @ 1.48 g/t Au from 36m in SPBC0196

• 16m @ 1.48 g/t Au from 49m and 1m @ 52.6 g/t Au from 81m in SPBC0197

• 7m @ 2.95 g/t Au from 30m in SPBC0199

• 7m @ 1.62 g/t Au from 31m and 5m @ 2.55 g/t Au from 47m in SPBC0201

At this stage true widths are not known due to the abundance of quartz veining and the supergene dispersion effect in the oxide zone, although the overall mineralized envelope appears to dip to the east.

In addition to the resource drilling, two exploration RC holes, drilled 160 metres north of the current resource area intersected gold mineralization along a moderately east dipping shear zone with a best result of:

• 1m @ 4.07 g/t Au from 32m, and 9m @ 1.91 g/t Au from 38m in SPBC0186

The resource drilling is scheduled for completion in early February and the results from this will be used to estimate a maiden JORC resource for the oxide zone by early April.

==> picture [286 x 139] intentionally omitted <==

==> picture [435 x 554] intentionally omitted <==

Figure 1. Plan projection of Baloo gold deposit showing grade-width (gram x metre) contours based on previous aircore and new RC drilling, and collar locations of new RC holes with specific intercepts (offset from contours due to holes being angled)

==> picture [286 x 139] intentionally omitted <==

==> picture [439 x 295] intentionally omitted <==

Figure 2. Cross section 6480900N showing new RC drill intersections at Baloo

==> picture [440 x 297] intentionally omitted <==

Figure 3. Cross section 6481180N showing new RC drill intersections 160 metres north of Baloo

Skellefte (Sweden)

==> picture [286 x 139] intentionally omitted <==

A large versatile transient electromagnetic (VTEM) survey of S2’s ground in the central part of the Skellefte belt has identified a number of strong EM conductors (see Figures 4 and 5).

This terrain, with no weathering, no saline groundwater, and only a thin surficial layer of nonconductive overburden, is considered the ideal area for VTEM to be effective. This is the first ever VTEM survey in this world class belt that contains numerous VMS Au-Cu-Zn-Ag deposits and that has been in production for over 90 years.

A total of 68 EM anomalies have been identified in this survey, with 15 of these ranked as very high quality conductors. Initial field checking of the higher ranked conductors indicates that they are located in areas with no outcrop that are concealed by a thin veneer of overburden (glacial till).

==> picture [454 x 270] intentionally omitted <==

Figure 4. S2 tenure within the Skellefte Belt mining camp

Follow up base of till (BOT) geochemistry over the VTEM anomalies has commenced in order to prioritise the numerous anomalies generated, and the high priority VTEM anomalies will also be verified with ground-based EM in order to define discrete drill targets.

==> picture [454 x 393] intentionally omitted <==

Figure 5. VTEM late channel conductors located within S2 tenure in the core portion of the Skellefte Belt VMS camp. The survey covers a strike length of 30km (refer to Figure 4 for location and context)

Brannas (Sweden)

A three dimensional induced polarisation (3DIP) survey at the Brannas Cu-Au-PGM prospect has identified a significant anomaly beneath the previously announced outcropping mineralisation (averaging 1.6% copper, 0.5g/t gold and 0.4g/t Pt+Pd), which comprises disseminated chalcopyrite in a pyroxenitic gabbro intrusion (see Figure 6).

The 3DIP anomaly comprises a broad east-west trending coincident high chargeability – low resistivity zone measuring approximately 200 metres wide and at least 350 metres long. The anomaly is strongest at a depth of 300 metres below the outcropping mineralisation and remains open on the western edge of the surveyed area (see Figures 7 to 9).

The outcropping sulphide mineralisation and the subjacent 3DIP anomaly are located close to the thickest part of this intrusion, which measures 2 kilometres along strike (north-south) and up to 500 metres thick (east-west).

==> picture [286 x 139] intentionally omitted <==

An additional Exploration Licence application has been submitted to the Swedish Mines Inspectorate to significantly increase the Brannas tenure to cover additional magnetic anomalies and documented mafic intrusives. A detailed ground magnetic survey has commenced, and an extension to the 3DIP survey to the west is planned when ground conditions permit. Base of till geochemistry will be undertaken in the first quarter of 2016.

==> picture [456 x 448] intentionally omitted <==

Figure 6. Map showing current tenure at Brannas, location of mineralised outcrops and 3DIP grid over SGU airborne magnetics

==> picture [395 x 605] intentionally omitted <==

Figure 7. Plan view at ~300m depth below surface from the IP inversion highlighting the strong coherent chargeability anomaly, projected onto the position of sulphide mineralised outcrops

==> picture [452 x 263] intentionally omitted <==

Figure 8. Brannas 3DIP chargeability section of line 657900E from inversion model highlighting the large well defined coherent chargeability high extending at depth beneath the outcropping sulphide mineralisation

==> picture [465 x 271] intentionally omitted <==

Figure 9. Brannas 3DIP resistivity section of line 657900E from inversion model highlighting the strong well defined resistivity low extending at depth beneath the outcropping sulphide mineralisation

Restructuring of S2-Norse-Sakumpu agreement

==> picture [286 x 139] intentionally omitted <==

The previous agreement between S2 and the vendors of the Finnish and Swedish properties held by private Finnish company Sakumpu Exploration Oy (“Sakumpu”) has been amended, effective 27[th] November 2015.

Under the previous agreement, S2 owned 67% of Norse Exploration Pty Ltd (Norse) and its wholly owned subsidiary Sakumpu, and had the right to increase its ownership of Norse (and therefore Sakumpu) to 80% by spending an additional A$2 million in 2016.

S2 has acquired the vendor’s 33% of Norse for a consideration of A$1.26 million, in the form of 8.4 million S2 shares based on Friday’s closing price of A$0.15/share, and now owns 100% of Norse and its subsidiary Sakumpu.

This places S2 and its shareholders in a stronger position to benefit from any future exploration success in Sweden and Finland, through S2 having 100% ownership of any future discoveries.

For further information, please contact:

Mark Bennett Anna Neuling Managing Director Executive Director +61 8 6166 0240 +61 8 6166 0240

Competent Persons statement

The information in this report that relates to Exploration Results is based on information compiled by John Bartlett who is an employee of the company and James Coppard who is a consultant to the Company and which fairly represents this information. Mr Bartlett is a member of the Australasian Institute of Mining and Metallurgy and Mr Coppard is a Chartered Geologist and Fellow of The Geological Society of London. Mr Bartlett and Mr Coppard have sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as Competent Persons 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 and Mr Coppard consent to the inclusion in this report of the matters based on information in the form and context in which it appears.

Annexure 1

==> picture [286 x 139] intentionally omitted <==

The following Tables are provided to ensure compliance with the JORC code (2012) edition requirements for the reporting of exploration results.

Table 1: Baloo RC Drilling

Hole No.	Zone	Total **Depth **	North	East	RL	Dip	Azim	From, m	To, m	Width, m	Au g/t
SPBC0163	Baloo	45	6480740	392770	262	-60	270	9	13	4	4.2
			including					9	10	1	13.6
SPBC0164	Baloo	75	6480740	392790	262	-60	270	30	36	6	1.37
SPBC0165	Baloo	100	6480740	392810	262	-60	270			NSI
SPBC0166	Baloo	120	6480740	392830	262	-60	270	20	30	10	2.16
			including					20	22	2	7.37
			and					48	56	8	0.81
			and					67	68	1	1.01
SPBC0167	Baloo	133	6480740	392850	262	-60	270	20	60	40	1.04
			including					46	50	4	4.06
SPBC0168	Baloo	60	6480860	392730	262	-60	270	11	12	1	1.26
SPBC0169	Baloo	60	6480860	392750	262	-60	270	26	29	3	0.53
SPBC0170	Baloo	115	6480860	392770	262	-60	270	5	27	22	1.04
			and					86	87	1	1.04
			and					100	102	2	1.25
SPBC0171	Baloo	110	6480860	392790	**262 **	-60	270	23	43	20	1.30
			and					**52 **	55	3	0.65
			and					70	73	3	0.99
SPBC0172	Baloo	115	6480860	392810	**262 **	-60	270	55	71	16	1.41
			and					**81 **	86	5	0.83
			and					96	98	2	1.47
SPBC0173	Baloo	115	6480860	392830	**262 **	-60	270	77	79	2	1.80
			and					86	88	2	1.93
			and					103	105	2	8.12
SPBC0174	Baloo	120	6480900	392690	**262 **	-60	270	7	7	2	0.70
SPBC0175	Baloo	100	6480900	392730	**262 **	-60	270	2	58	56	**1.31 **
			including					2	14	12	3.16
SPBC0176	Baloo	**102 **	6480900	392750	**262 **	-60	270	10	24	14	**1.34 **
			and					**51 **	**54 **	3	0.90
			and					64	65	1	1.56
			and					69	70	1	1.12
SPBC0177	Baloo	95	6480900	392770	**262 **	-60	270	10	15	5	3.14
			and					28	90	62	3.52
			including					77	85	8	15.4
SPBC0178	Baloo	93	6480900	392790	**262 **	-60	270	27	86	59	1.99

Hole No.	Zone	Total Depth	North	East	RL	Dip	Azim	From, m	To, m	Width, m	Au **g/t **
including								49	**54 **	5	8.43
SPBC0179	Baloo	85	6480940	392690	**262 **	-60	270	7	21	14	2.38
including								12	13	1	13.8
SPBC0180	Baloo	75	6480940	392710	**262 **	-60	270	9	**37 **	28	1.6
including								9	13	4	**4.97 **
SPBC0181	Baloo	40	6480780	392770	262	-60	270			NSI
**SPBC0182 **	Baloo	75	6480780	392790	**262 **	-60	270	14	17	3	1.9
and								26	27	1	1.19
SPBC0183	Baloo	100	6480780	392810	**262 **	-60	270	30	42	12	1.66
including								**31 **	33	2	5.71
and								46	47	1	2.22
SPBC0184	Baloo	124	6480780	392830	262	-60	270	24	27	3	1.04
and								48	68	20	**1.04 **
SPBC0185	Baloo	55	6481180	392790	**262 **	-60	270	11	12	1	3.71
SPBC0186	Baloo	73	6481180	392810	262	-60	270	32	33	1	4.07
and								38	47	9	1.91
**SPBC0187 **	Baloo	40	6481020	392730	**262 **	-60	270	5	14	9	1.75
SPBC0188	Baloo	40	6481020	392750	262	-60	270	20	29	9	0.83
SPBC0189	Baloo	48	6481020	392770	**262 **	-60	270	19	20	1	1.24
and								24	29	5	**0.97 **
SPBC0190	Baloo	68	6481020	392790	**262 **	-60	270	**62 **	63	1	3.65
**SPBC0191 **	Baloo	80	6481020	392810	**262 **	-60	270			**NSI **
**SPBC0192 **	Baloo	53	6480980	392690	**262 **	-60	270	4	11	7	3.22
including								4	5	1	19.9
SPBC0193	Baloo	55	6480980	392710	**262 **	-60	270	7	15	8	1.72
**SPBC0194 **	Baloo	55	6480980	392730	**262 **	-60	270	3	15	12	**0.61 **
and								24	29	5	**1.94 **
SPBC0195	Baloo	73	6480980	392750	**262 **	-60	270	5	**31 **	26	1.39
SPBC0196	Baloo	73	6480980	392770	**262 **	-60	270	5	13	8	**1.52 **
and								36	51	15	1.64
**SPBC0197 **	Baloo	83	6480980	392790	**262 **	-60	270	49	65	16	1.48
including								60	**61 **	1	10.3
and								**81 **	**82 **	1	52.6
SPBC0198	Baloo	40	6480700	392770	**262 **	-60	270	13	16	3	1.47
SPBC0199	Baloo	75	6480700	392790	**262 **	-60	270	30	**37 **	7	2.95
								35	37	2	8.92
SPBC0200	Baloo	78	6480700	392810	**262 **	-60	270	25	27	2	1.75
and								**31 **	33	2	0.85
and								**52 **	55	3	1.59
**SPBC0201 **	Baloo	93	6480700	392830	**262 **	-60	270	**31 **	38	7	**1.62 **
and								47	52	5	2.55

Hole No.	Zone	Total Depth	North	East	RL	Dip	Azim	From, m	To, m	Width, m	Au **g/t **
			including					49	50	1	10.6
**SPBC0202 **	Baloo	113	6480700	392850	**262 **	-60	270	41	68	27	**0.57 **
SPBC0203	Baloo	128	6480700	392870	262	-60	270			AWR
SPBC0204	Baloo	30	6480660	392770	262	-60	270			AWR
SPBC0205	Baloo	60	6480660	392790	262	-60	270			AWR
SPBC0206	Baloo	78	6480660	392810	262	-60	270			AWR
SPBC0207	Baloo	93	6480660	392830	262	-60	270			AWR
SPBC0208	Baloo	113	6480660	392850	262	-60	270			AWR
SPBC0209	Baloo	133	6480820	392770	262	-60	270			AWR
SPBC0210	Baloo	63	6480820	392790	262	-60	270			AWR
SPBC0211	Baloo	88	6480820	392810	262	-60	270			AWR
SPBC0212	Baloo	118	6480820	392830	262	-60	270			AWR
SPBC0213	Baloo	78	6480940	392730	262	-60	270			AWR
SPBC0214	Baloo	78	6480940	392750	262	-60	270			AWR
SPBC0215	Baloo	83	6480940	392770	262	-60	270			AWR
SPBC0216	Baloo	93	6480940	392790	262	-60	270			AWR
SPBC0217	Baloo	103	6480940	392810	262	-60	270			AWR
SPBC0218	Baloo	108	6480940	392830	262	-60	270			AWR
SPBC0219	Baloo	118	6480940	392850	262	-60	270			AWR
SPBC0220	Baloo	130	6480940	392870	262	-60	270			AWR
SPBC0221	Baloo	98	6480980	392810	262	-60	270			AWR
SPBC0222	Baloo	108	6480980	392830	262	-60	270			AWR
SPBC0223	Baloo	120	6480980	392850	262	-60	270			AWR
SPBC0224	Baloo	128	6480980	392870	262	-60	270			AWR
SPBC0225	Baloo	105	6480900	392710	262	-60	270			AWR
SPBC0226	Baloo	108	6480900	392810	262	-60	270			AWR
SPBC0227	Baloo	108	6480900	392830	262	-60	270			AWR
SPBC0228	Baloo	128	6480900	392850	262	-60	270			AWR
SPBC0229	Baloo	128	6480900	392870	262	-60	270			AWR
SPBC0230	Baloo	138	6480900	392890	262	-60	270			AWR
SPBC0231	Baloo	137	6480820	392850	262	-60	270			AWR
SPBC0232	Baloo	123	6480820	392870	262	-60	270			AWR
SPBC0233	Baloo	111	6480880	392755	262	-60	270			AWR
SPBC0234	Baloo	108	6480880	392775	262	-60	270			AWR
SPBC0235	Baloo	108	6480880	392795	262	-60	270			AWR

Table 2: Brännäs Prospect, Skellefte Belt, Sweden - Rock Grab Sampling Results

Sample No.	Type	North RT90	East RT90	Host Litholog y	Au g/t	Pt g/t	Pd g/t	Cu pct	Ni pct	Co pct	Fe pct	Ag g/t
SBRA10001	Grab	7233690	1620395	Gabbro	0.591	0.224	0.244	1.615	0.017	0.005	4.35	20
SBRA10002	Grab	7233690	1620395	Gabbro	0.579	0.298	0.239	1.545	0.011	0.002	4.17	20
SBRA10003	Grab	7233690	1620395	Gabbro	0.434	0.257	0.171	1.760	0.010	0.003	4.96	22
SBRA10004	Grab	7234120	1620625	Gabbro	<0.001	<0.005	<0.001	0.021	<0.001	0.003	4.76	<1
SBRA10005	Grab	7234110	1620615	Gabbro	<0.001	<0.005	<0.001	0.006	<0.001	0.004	4.47	<1

The following Tables are provided to ensure compliance with the JORC code (2012) edition requirements for the reporting of exploration results.

SECTION 1 SAMPLING TECHNIQUES AND DATA

AUSTRALIA

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	In zones of weakly weathered or fresh rock the HQ or NQ2 core is cut using a diamond core saw with half core sampled for assay. The ore is cut along the orientation line, with the same side sampled to ensure sample is representative. In zones of highly weathered core where the sample is either highly broken or highly friable and a representative split cannot be achieved then whole core sample of either the PQ3 or HQ3 core is taken. For RC sampling, a 1 metre split is taken directly from a cone splitter mounted beneath the rigs cyclone. The cyclone and splitter are cleaned regularly to minimise any contamination. A second reference split is also taken from each metre and stored on site. Aircore holes are sampled using an aluminium scoop to produce a four metre composite sample similar to the RC sampling methodology.
	Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used	Sampling and QAQC procedures is carried out using S2 protocols as per industry best practice.

Criteria	JORC Code explanation	Commentary
	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information	Reconnaissance aircore samples are composited at 4 m to produce a bulk 3 kg sample. Samples were dried, pulverised (total prep), and split to produce a 25 g sub sample which is analysed using aqua-regia digestion with ICP-MS finish with a 1 ppb detection limit. A 1m end of hole sample was collected for all aircore holes. Sample preparation was the same as above and were analysed using a four acid digest with an ICP/OES and fire assay. The following elements are included in the assay suite: Ag, Al, As, Au, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cu, Fe, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, Sb, Sc, Sr, Te, Ti, Tl, V, W, Zn. RC drilling is sampled a 1m “cone” split sample, to produce a bulk 3 kg sample. Sample preparation was the same as for the aircore drilling. A nominal 50gram sub-sample was collected and analysed by Samples were to produce a sub sample for analysed by fire assay with an AA finish. Diamond core (HQ and NQ2) is half core sampled to geological boundaries of no more than 1m and no less than 30cm. Samples were crushed, dried and pulverised (total prep). Analysis is same as for RC. Oxide PQ3 core is whole core sampled and then dried, crushed to -2mm and then rotary split to a 3kg sample for pulverisation and 50g fire assay.
Drilling techniques		Diamond drilling is completed using either NQ2, HQ, or PQ3
		(through the oxide zone) sized coring equipment. All core is
	Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).	orientated (where possible) using a Reflex ACT II RD orientation tool. RC drilling is carried out using a face sampling hammer with a nominal diameter of 140mm. Aircore drilling is carried out using a 3 ½ inch blade bit. Where necessary a 3 ½ inch face sampling hammer is employedto penetrate through hard zones.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed	Diamond core recoveries is logged and captured in the database. The core length recovered is measured for each run and recorded which is used to calculate the core recovery as a percentage core recovered. RC and aircore sample recoveries are visually estimated qualitatively on a metre basis and are recorded in the database.
	Measures taken to maximise sample recovery and ensure representative nature of the samples	Measures taken to maximise the core recoveries includes using appropriate core diameter and, where necessary, restricting drill penetration and/or reducing core runs. Triple tube diamond core through the weathered zone is too broken to allow core cutting and therefore the core is sampled whole to ensure no bias is introduced. Various drilling additives (including muds and foams) have been used to condition RC and aircore drill holes to maximise recoveries and sample quality. Drill cyclone and sample buckets are cleaned between rod-changes and after each hole to minimise down hole and/or cross-hole contamination.

Criteria	JORC Code explanation	Commentary
	Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	Core drilling has resulted in narrow zones of poor to no core recoveries through the oxide zone in areas of very soft clays and fault gouge within the weathered zones. These are recorded as poor or zero recovery and not assigned grade. Aircore drilling samplesareoccasionally wet which may have resulted in sample bias due to preferential loss/gain of fine/coarse material. No sample recovery issues have impacted on potential sample bias within coring of fresh rock or within RC drilling.
Logging		Geological logging is completed for all holes to a level of detail
	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	that would, where sufficient drill density is completed, support an appropriate Mineral Resource and mining study. Lithology, alteration, veining, structural and geotechnical (diamond core) characteristics is recorded directly to a digital format and imported into S2 Resources central database.
	Whh li i lii ii i	Logging is both qualitative and quantitative in nature depending
	eter oggng s quatatve or quanttatve n nature. Core (or costean, channel, etc) photography.	on the field being captured. All core is photographed
	The total length and percentage of the relevant intersections logged	All drillholes were logged in full.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken.	In zones of highly weathered core where the sample is either highly broken or highly friable the PQ3 or HQ3 core is sampled whole core. Oxide whole core is submitted to the lab in samples not exceeding 6kg and then coarse crushed to <2mm. Samples are then rotary split to provide a 3kg sub sample for pulverisation. In zones of weakly weathered or fresh rock the HQ or NQ2 core is cut using a diamond core saw with half core sampled for assay.
	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	RC and aircore samples consist of a 4 metre composite RC spoils are sampled by scoop. All RC holes are sampled 1 metre samples are collected via an on-board cone splitter. Samples were collected both wet and dry.
	For all sample types, the nature, quality and appropriateness of the sample preparation technique.	The sample preparation follows industry best practice in sample preparation All samples are pulverised utilising Essa LM1, LM2 or LM5 grinding mills determined by the size of the sample. Samples are dried, crushed as required and pulverized to produce a homogenous representative sub-sample for analysis. A grind quality target of 85% passing 75μm has been established and is relative to sample size, type and hardness.
	Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples.	Quality control procedures include submission of Certified Reference Materials (CRM’s), blanks and duplicate samples with each batch of samples. Selected samples are also re-analysed to confirm anomalous results. Grind size checks are routinely completed to ensure samples meet the industry standard of 85% passing through a 75µm mesh.
	Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.	Field duplicates are taken at regular intervals. Samples are selected to weigh less than 3kg to ensure total preparation at the pulverisation stage.
	Whether sample sizes are appropriate to the grain size of the material being sampled.	Sample sizes are considered appropriate for nickel sulphide and gold mineralisation.

Criteria	JORC Code explanation	Commentary
Quality of assay data and laboratory tests		RC and diamond core samples are analysed for Au only using a
		40g or 50g Lead Collection fire Assay with either an ICP/MS or
		AAS finish.
	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.	4m composite samples from AC drilling are analysed for Au only using a 25g aqua-regia digestion with an ICP/MS finish. The method gives a near total digestion of the regolith intercepted in aircore drilling and is suitable for the reconnaissance style sampling undertaken. Infill 1m samples and samples greater than 1 g/t are re-assayed using 50 g fire-assay with AAS finish which
		gives total digestion and is more appropriate for samples with
		high levels of gold.
		All aircore holes (both gold and nickel exploration) have a 1m end-of-hole sample is collected for all AC holes. An extensive multi-element suite (including Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cu, Fe, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, Sb, Sc, Sr, Te, Ti, Tl, V, W, Zn) is analysed using a four acid digest with an ICP/OES and ICP/MS finish. Au, Pt And Pd is analysed for using 25g or 50g Lead Collection fire assay with an ICP/MS finish.
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.	No geophysical tools were used to determine any element
		concentrations used in this resource estimate.
	N li l d dd	Sample preparation checks for fineness were carried out by the
	ature of quaty contro proceures aopte (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	laboratory as part of their internal procedures to ensure the grind size of 85% passing 75 micron was being attained. Laboratory QAQC involves the use of internal lab standards using certified reference material, blanks, splits and replicates as part of the in house procedures.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	The Exploration Manager of Sirius has visually verified significant intersections.
	The use of twinned holes.	No twin holes have been drilled on the project to date.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	Primary data was collected using a set of standard Excel templates using lookup codes. The information was sent to an external database consultant for validation and compilation into a Perth based SQL database.
	Discuss any adjustment to assay data.	No adjustments or calibrations were made to any assay data reported.
Location of data points		At Baloo all aircore and diamond drilling is picked up by an
		external surveyor using an RTK GPS system with an expected
	Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	accuracy is +/– 0.05m for easting, northing and elevation.
		RC drill sites were laid out by an external surveyor using an RTK
		GPS system or tape and compass off surveyed collars. All holes
		will be picked up by the external surveyor prior to any resource calculations.
	Specification of the grid system used.	The grid system used at Polar Bear is GDA94 (MGA), zone 51.
		A topographic surface has been created from aerial geophysical
	Quality and adequacy of topographic control.	data, This has been calibrated with DGPS survey data. All reconnaissance drill holes have been corrected to this surface
		where DGPS pickup is not available.
		All resource drilling will be picked up by DGPS to within a +/- 50mm accuracy.

Criteria	JORC Code explanation	Commentary
Data spacing and distribution	Data spacing for reporting of Exploration Results.	Data spacing is currently defined by the geological criteria regarded appropriate to determine the extents of mineralisation. Reconnaissance AC drilling is on a nominal spacing of between 240m x 40m and 400m x 40m drill pattern, with infill of resource areas closing down to a nominal 40m x 20m drill pattern for AC, RC and diamond.
	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	Drilling is currently preliminary in nature had the mineralised domains have not yet demonstrated sufficient continuity in both geological and grade continuity to support the definition of Mineral Resource and Reserves, and the classifications applied under the 2012 JORC Code.
	Whether sample compositing has been applied.	No compositing has been applied to the exploration results.
Orientation of data in relation to geological structure		The drilling is not necessarily drilled perpendicular to the
		orientation of the intersected mineralisation. All reported
		intervals are downhole intervals and not calculated true width.
	Whether the orientation of sampling achieves	This will be established with further drilling.
	unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.
		At Baloo the main mineralised structure appears to be dipping
		moderately to the east and hence 270 azimuth diamond drilling
		give approximately true width intersections. Supergene dispersion appears relatively flat lying and hence the vertical AC holes also approximate to true thickness.
	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	No orientation based sampling bias has been identified in the data at this point.
Sample security	The measures taken to ensure sample security.	Chain of custody is managed by S2 Resources. Samples are stored on site and either delivered byS2personnel to Perth and then to the assay laboratory, or collected from site by Centurion Transport and delivered direct to the assay laboratory. Whilst in storage, they are kept on a locked yard. Tracking sheets have been set up to track the progress of batches of samples.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	No audits or reviews have been conducted at this stage.

SWEDEN

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	Grab samples of outcropping sulphide mineralisation
	Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used	Sampling and QAQC procedures were undertaken with unbiased cut portion retained. For analyses inclusion of CRM & Blanks were used.

Criteria	JORC Code explanation	Commentary
	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information	The disseminated sulphide mineralisation at Brännäs was sampled and samples and were representative of the mineralised outcrop. Samples were Rock Grab samples. Rock Grab samples were cut so that a representative portion remained. Samples were crushed with 70% to less than 2mm and riffle split off a 1kg portion. This portion was pulverised to ensure a better than 85% passed 75 microns. PGE assay on 50g portion with separate gold fire assay on 30g sample. Elements: Ag, As, Bi, Ca, Cd, Co, Cu, Fe, hg, Mg, Mo, Ni, P, Pb, s, Sb, Ti & Zn were analysed by an highly oxidising digestion with an ICP/AES finish
Drilling techniques	Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).	NA
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed	NA
	Measures taken to maximise sample recovery and ensure representative nature of the samples	NA
	Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	NA
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	Lithological description and estimation of sulphide mineralogy noted in sample book
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	Representative unbiased portion of sample retained and numbered Not photographed
	The total length and percentage of the relevant intersections logged	NA
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken.	NA
	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	Full analytical portion of sample forwarded to Laboratory
	For all sample types, the nature, quality and appropriateness of the sample preparation technique.	The sample preparation methodolody of ALS Minerals PREP- 31B of crushing 70% to less than 2mm, riffle splitting off 1kg and then pulverising the split to better than 85% passing 75 microns is deemed appropriate
	Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples.	Quality control procedures were used following Sakumpu Exploration protocol including the insertion of CRM’s and Blanks, in addition full Laboratory QA QC results from ALS Minerals are given. In addition ‘washing’ of crushers and pulverisers between samples were undertaken.

Criteria	JORC Code explanation		Commentary
	Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.		Samples collected by Sakumpu Exploration staff and CP on site
	Whether sample sizes are appropriate to the grain size of the material being sampled.		Sample sizes forwarded to laboratory are considered representative and generally between 0.4kg & 1.5kg
Quality of assay data and laboratory tests			Ni,-Cu-PGE Exploration
			The samples were crushed split and pulverised by method PREP-
			31B of ALS Minerals, PGM’s were assayed by method PGM-
	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.		ICP24 and gold Fire Assay followed by Gravity finish in
			procedure Au-GRA21. Base metals were analysed by ALS
			Minerals procedure ME-ICPORE. These methodologies are
			deemed appropriate for this style of mineralisation. In addition
			crushers and pulverisers were washed between samples in
			procedures WSH-21 and WSH-22.
			ICP-ORE has a strongly oxidising digestion and deemed total
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
			No geophysical tools were used to determine any element.
	Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.
			ALS results include the addition of CRM’s and blanks which
			passed quality control and ALS’s own QA QC who’s results
			were provided and are within appropriate levels
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.		Sakumpu Exploration Oy directors including the CP were present when samples were collected
	The use of twinned holes.		NA
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.		Primary data entry was through sample book and added to database. ALS Minerals supply results through both digital certificates and data downloaded from ALS direct. Data is stored on Sakumpu Exploration Oy databases and remains at ALS.
	Discuss any adjustment to assay data.		No adjustments
Location of data points	Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.		Sampling co-ordinates were taken by hand held Garmin GPS
			using the previous Swedish National Grid RT90 2.5 as the
			new national grid datums are not loaded as yet. Accuracy of
			the GPS is approximately 10 metres and hence co-ordinates
			are rounded to the closest 5 metres
	Specification of the grid system used.		The previous Swedish National Grid RT90 2.5
			Excellent base and geological maps over the region
	Quality and adequacy of topographic control.
Data spacing and distribution	Data spacing for reporting of Exploration Results.		Sampling was purely of a reconnaissance prospecting nature.
	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.		No
	Whether sample compositing has been applied.		No

Criteria	JORC Code explanation	Commentary
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	Mineralisation outcrops in a approximately ENE-WSW trend within a large gabbroic body that trends N-S. Sampling was representative of the mineralisation found.
	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	No
Sample security	The measures taken to ensure sample security.	Chain of custody was complete with samples delivered by Sakumpu Exploration staff directly to ALS Minerals at their Malåoffice
Audits or reviews		No audits or reviews have been conducted.
	The results of any audits or reviews of sampling hi d d
	tecnques an ata.

SECTION 2 REPORTING OF EXPLORATION RESULTS

AUSTRALIA

Criteria	JORC Code explanation		Commentary
Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.		The Baloo prospect is located within Exploraiton License _E15/1298,_which is located within the Polar Bear Project, 100% owned by Polar Metals Pty Ltd, a wholly owned subsidiary of S2 Resources Ltd. All projects are situated within the Ngadju Native Title Claim (WC99/002).
	The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.		The tenement is in good standing and no known impediments existon tenement actively explored.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.		Gold Exploration Plutonic Operations Limited and Homestake Gold of Australia Limited conducted reconnaissance AC drilling (PBAC prefix) over Lake Cowan on predominantly 100 m drillhole spacing and 800 m line spacing from 1997-1999. Location of these drillholes cannot be verified as the collars are now mostly obscured. AC sampling was done by 4 m composites with 1 m re-splits on samples greater than 0.1 g/t. Samples were assayed by aqua-regia digest with AAS finish although this cannot be verified as the original laboratory.
Geology	Deposit type, geological setting and style of mineralisation.		The Polar Bear project is situated within the Archaean Norseman- Wiluna Belt which locally includes basalts, komatiites, metasediments, and felsic volcanoclastics. The primary gold mineralisation is related to hydrothermal activity during multiple deformation events. Indications are that gold mineralisation is focused on or near to the stratigraphic boundary between the Killaloe and Buldania Formation.

Criteria	JORC Code explanation	Commentary
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:  easting and northing of the drill hole collar  elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar  dip and azimuth of the hole  down hole length and interception depth  hole length.	Refer to Annexure1 in body of text.
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.	All reported assays have been length weighted. A top-cut of 30 g/t Au has been applied to individual assays when reported intervals are greater than one metre. A nominal 0.5 g/t Au lower cut-off is used for RC and diamond intersections (unless otherwise stated). A nominal 0.1 g/t Au lower cut-off is used to report AC intersections.
	Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.	High grade gold intervals internal to broader zones of mineralisation are reported as included intervals.
	The assumptions used for any reporting of metal equivalent values should be clearly stated.	No metal equivalent values are used for reporting exploration results.
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).	The trend of mineralisation atBalooappears broadly north south and dipping moderately to the east with the intervals reported near true width. All other prospects, the geometry of the primary mineralisation is not known at present due to the lack of deeper drilling and the early stage of exploration. Refer to Annexure 1 and Figures in body of text.
Diagram	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Refer to Figures in body of text.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	The accompanying document is conserved to represent a balanced report with grades and/or widths reported in a consistent manner.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	No other exploration data collected to date is considered material or meaningful at this stage.

	Criteria	JORC Code explanation	Commentary
	Further work	The nature and scale of planned further work	At Baloo, RC resource drilling within the mineralised zone on
		(e.g. tests for lateral extensions or depth	40m x 20m and 20m x 20m drill spacing will continue to provide
		extensions or large-scale step-out drilling).	sufficient confidence to report a maiden JORC compliant mineral
		Diagrams clearly highlighting the areas of	resource. RC and/or diamond drilling of the down-dip extensions
		possible extensions, including the main	will follow.
		geological interpretations and future drilling
		areas, provided this information is not
		commercially sensitive
SWEDEN

Criteria	JORC Code explanation	Commentary
Further work	The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive	At Baloo, RC resource drilling within the mineralised zone on 40m x 20m and 20m x 20m drill spacing will continue to provide sufficient confidence to report a maiden JORC compliant mineral resource. RC and/or diamond drilling of the down-dip extensions will follow.
Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.	The Brännäs prospect is located within the 100% Sakumpu Exploration Filial (100% owned Swedish subsidiary of Sakumpu Exploration Oy) Brännäs nr 401 Exploration Licence Diary Nr 2015/108 granted on 11/3/15 and initially valid for three years. There are no environmental protected areas within the Tienpää prospect
	The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The Exploration Licence is in good standing and no known impediments exist.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	The Brännäs mineralised showing was discovered by the Swedish Geological Survey whilst on a job creation scheme for local unemployed people. The prospect has never been the subject of exploration by a Exploration or Mining company
Geology	Deposit type, geological setting and style of mineralisation.	The Brännäs prospect is a mafic to ultramafic hosted Ni-Cu-PGE sulphide body, with only a fractionated portion of the body exposed at surface. The Brännäs prospect is located within the western portion of the Skellefte VMS and Gold Belt,10km north of the Kristineberg VMS mine of Boliden.. Mineralisation at Brännäs is disseminated hosted by a gabbro
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:  easting and northing of the drill hole collar  elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar  dip and azimuth of the hole  down hole length and interception depth  hole length.	Refer to Annexure1 of S2 Resources initial listing press release for Rock sample details .
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.	No weighting undertaken No cut-offs have been used
	Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.	NA

Criteria	JORC Code explanation	Commentary
	The assumptions used for any reporting of metal equivalent values should be clearly stated.	No metal equivalent values are used for reporting exploration results.
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).	No knowledge of true width and extent of the mineralisation exists. The geometry of the mineralisation is not known at present due to the lack of drilling and the very early stage of exploration. Refer to Annexure 1 and Figures in body of text.
Diagram	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Refer to Figures in body of text.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	All results at Brännäs are given
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	No other exploration data collected has been received to date
Further work	The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive	At Brännäs a 3-D IP survey has been completed and shows a co- herent chargability anomaly and resistivity low adjacent and at depth below the surface mineralisation as shown in text of release. A detailed ground magnetic survey over the entire gabbroic body is planned. Structural mapping will occur when climatic conditions allow. Additional exploration methodologies will be determined by results. .