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	0.062	452857993		28077195.566	3.4/6


Holders No	Top 20 (Cur)	Top 20 (Pre)	Director Hold	Performance Right	Note
5126	55.83%	57.53%	1.56%		last raise $7m@17c; pre raise $6.4m@12c

Mark Creasy holds 18.9% (67.4m).

The company holds 14.375m shares of TSXV:OZ worth about $6m.

FLAGSHIP ASSETS

Greater Fosterville Gold Project Vic

ASX S2R S2 Resources 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.

All the drilling results to date shows short and low grade mineralisation.

OTHER ASSETS

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

SUMMARY

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