S2 Resources (ASX: S2R) – Explore Gold globally

COMPANY SCOREBOARD

Pro Plus	Pro	Con Plus	Con
	Mark Creasy holds sub 20%	Flagship projects require significant spending commitment

ABOUT COMPANY

S2 Resources (S2R) (http://www.s2resources.com.au/) explores gold and base metals in Australia and Finland. Its flagship is the Greater Fosterville Gold Project in Victoria.

CAPITAL STRUCTURE


ASX Code	Share Price	Shares	Option (In)	Market Cap	Cash/Asset ($m)
S2R	0.135	451857993		61000829.0550	11/1.3


Holders No	Top 20 (Cur)	Top 20 (Pre)	Director Hold	Performance Right	Note
5124	57.53%	61.37%	1.56%		last raise $7m@17c; pre raise $6.4m@12c

Mark Creasy holds 18.9% (67.4m).

The company holds 75.2m TRT@1.8c for $1.3m.

FLAGSHIP ASSETS

Greater Fosterville Gold Project Vic

ASX S2R Fosterville Mine

Project Data

The company acquired the project in 2021.

The project requires a 5-year spending commitment of $10.4M including A$2M in the first two years.

OTHER ASSETS

Koonenberry, NSW (2,712km2, 100% under application)

Central Lapland Greenstone Belt, Finland

Kinross Gold can earn up to 70% on 83km2 by spending US$9.5M in 6 years.

Rupert Resources can earn up to 70% on 37km2 by spending €3.4M in 6 years

SUMMARY

The market has placed too much premium on projects requiring substantial spending commitments.

All WA projects will be incorporated into a new entity for 7m shares.