Company Profile

Subject to shareholder and court approval of a scheme of arrangement involving the merger of Sirius Resources NL (Sirius) with Independence Group (IGO), various exploration assets of Sirius will also be demerged to create a new entity known as S2 Resources (S2). S2 will own the Polar Bear exploration project in Western Australia (which includes the recently discovered Baloo gold deposit), extensive adjacent exploration properties, and 67% of a significant portfolio of exploration properties in Sweden and Finland. S2 will be unusually well funded with approximately A$22 million cash and will be managed by key members of the original Sirius team led by Mark Bennett. S2 intends to list on the ASX as soon as is practical after completion of the transaction, with the ticker code "S2R".