Polar Bear Nickel Project (100%)
The Polar Bear Nickel project consists of the S2 Nickel Rights over the Polar Bear Project tenements. The Polar Bear Project Tenements were sold to Westgold Resources Ltd in February 2018 and span an area of 151 square kilometres, located between Higginsville and Norseman, and is surrounded by the major gold camps of Norseman (10 million ounces), St Ives (12 million ounces) and Higginsville (2 million ounces). S2 retained the nickel rights over the tenements.
Most of the area is unexplored or ineffectively explored due to it being largely concealed by the shallow salt lake sediments of Lake Cowan and the sand dunes of the Polar Bear peninsula.
The Polar Bear project contains southern extensions of the Kambalda and Widgiemooltha ultramafic stratigraphy, which hosts a number of world class nickel sulphide mines along strike to the north.
Taipan nickel prospect
Drilling of prospective ultramafic stratigraphy has defined a zone of high grade nickel-copper-cobalt-platinum-palladium mineralisation at the Taipan nickel prospect.
Nickel sulphide mineralisation has been defined over a strike extent of 250 metres and down dip over 150 metres within two zones. Both zones are open along strike. RC and diamond intersections include:
- 4.10 metres @ 3.8% nickel, 2.45% copper, 0.08% cobalt, 1.6 g/t palladium and 0.9 g/t platinum from 104.4 metres, including 2.15 metres @ 5.84% nickel, 3.73% copper, 0.12% cobalt, 1.65 g/t palladium and 1.1 g/t platinum from 106 metres;
- 20 metres @ 0.62% nickel, 0.10% copper, 0.02% cobalt, 0.17 g/t platinum and 0.39 g/t palladium from 113 metres including 2 metres @ 1.46% nickel, 0.43% copper, 0.03% cobalt, 1.69 g/t palladium and 0.67 g/t platinum and from 131 metres; and
- 53 metres @ 0.53% nickel, 0.05% copper and 0.01% cobalt from 23 metres.
Disseminated nickel sulphide mineralisation has also been intersected at the base of a thick ultramafic package at the Taipan North prospect, located approximately 2 kilometres north of Taipan. To date mineralisation has been intersected over a 200 metre strike length and is open along strike and at depth. RC drill intercepts include 40 metres @ 0.47% nickel, 0.02% copper and 0.01% cobalt from 99 metres, including 5m @ 1.02% nickel, 0.09% copper and 0.02% cobalt from 109 metres.
Halls Knoll nickel prospect
The Halls Knoll gossan, located on an island approximately 1.2 kilometres southeast of the Taipan nickel prospect, has yielded extremely high levels of nickel, copper and platinum group metals indicative of the presence of massive nickel sulphide mineralisation. Initial drilling intersected disseminated nickel sulphides beneath the salt lake surface, with individual metre values up to 2.5% nickel, 1.5% copper and 1-2g/t palladium and platinum.
Drill intercepts to date include:
- 10.2 metres @ 0.44% nickel, 0.1% copper, 0.25 g/t palladium, 0.1 g/t platinum from 60.8 metres; and
- 9 metres @ 1.02% nickel, 0.22% copper, 0.11 g/t palladium and 0.06 g/t platinum from 2 metres.
Eundynie Joint Venture - Nickel Rights (80%)
S2 holds an 80% interest in six exploration licences, covering 103 square kilometres of gound adjacent to the Polar Bear project (the Eundynie Joint Venture). The remaining 20% is held by Shumwari Pty Ltd which is a private company run by a small group of project generation geologists specialising in Western Australia. The tenements cover the northern extension of the Baloo trend. In addition the project covers portions of the ultramafic stratigraphy considered prospective for nickel sulphide mineralisation.
Norcott Nickel Project (100%)
S2 has the nickel rights over licences granted covering approximately 256 square kilometres of relatively unexplored ground in a corridor to the east of the Polar Bear Nickel Project.