$2M Capital Raising

Summary.

Siren Gold (ASX: SNG) is an expedition and advancement business concentrating on gold possessions at its 1,100-square-kilometer tenement bundle situated on the historical, state-of-the-art Reefton, Lyell and Sam’s Creek goldfields in New Zealand.

Reefton Goldfield was very first found in 1866 with overall existing documented production of 11 million ounces (Moz) of gold, including 2 Moz @ 16 grams per lot (g/t) gold from underground, 0.7 Moz from open pit and ~ 8 Moz gold from alluvial mining.

Mining and the regional neighborhoods prospered in the area throughout the early 1900s, however the majority of the 94 underground mines nearby 1942 throughout WWII, and the Blackwater mine, which produced 740 koz @ 19 g/t to more than 700 meters listed below the surface area, lastly closed down in 1951 bringing the whole field to a close. The gold rate in 1951 was US$ 35/oz.

Quick forward to 2023, mining experts think existing gold rates are just the start of a big upward pattern, approximating area rates to reach US$ 2,000 and beyond. What we understand is clear: Gold has exceeded the S&P 500 over the previous twenty years, as production from cash cow run low without enough brand-new jobs to change them.

Siren’s gold jobs provide a chance for brand-new supply sources to emerge. The Reefton Goldfield is a top-quality mining district situated on the West Coast of the South Island of New Zealand.

Siren’s worldwide mineral resource presently sits at 1.2 million ounces at 3.1 grams per lot (g/t) gold, from Sam’s Creek, Alexander River and Big River.

The district is extensively understood for producing gold, antimony and coal. An important element of the Reefton Goldfield is the substantial event of antimony, an unusual thermal-resistant metal and a bad conductor of electrical energy. These characteristics make it perfect for flame retardants, paints and numerous commercial applications to enhance thermal tolerance. The existence of antimony in the goldfield produces extra worth for Siren’s jobs as expedition continues.

Siren presently has 7 jobs, a lot of which were active websites that were closed throughout WWII regardless of motivating expedition or production. Now, the business has actually constructed an extensive portfolio of jobs and will go through organized expedition of its possessions utilizing leading-edge innovations and methods.

With 7 jobs under its belt, Siren is mostly concentrated on Sam’s Creek, Alexander River, Big River and Auld Creek. These 4 jobs are slated for future expedition and prospective advancement to enhance the possessions’ worth.

A competent management group leads the business towards totally exploring its appealing portfolio, with varied know-how in geology, business administration and financing.

Business Emphasizes.

• Siren Gold is an expedition and advancement business concentrating on gold possessions in the state-of-the-art, historical Reefton Goldfield in New Zealand.
• Siren owns 7 extremely potential jobs throughout the area, each with the capacity for gold and antimony, an unusual metal utilized in numerous thermal-resistant applications.
• The business’s worldwide mineral resource is presently at 1.2 million ounces at 3.1 g/t gold, with substantial capacity to increase as expedition continues.
• The Reefton Goldfield traditionally produced over 11 million ounces of gold prior to the whole field closed after WWII.
• Siren’s possessions within the Reefton Goldfield are extremely potential however have yet to be totally checked out through contemporary expedition methods, developing substantial blue-sky capacity.
• A management group with a variety of know-how in the natural deposits market leads the business towards totally understanding the capacity of its extremely potential portfolio.

Secret Tasks.

Sam’s Creek Gold Job

The Sams Creek Gold Job lies 140 kilometers northeast of Reefton and 100 kilometers northeast of Lyell.

The Sams Creek porphyry dyke-style gold deposit is comparable in geology deposits to the Australian Eastern Lachlan fold belt which contain huge porphyry copper-gold and porphyry gold-style deposits like at Cadia and Ridgeway in New South Wales.

Siren thinks there is substantial capacity at Sam’s Creek for a huge underground mining operation as the orebody is over 60 meters thick, has a vertical degree of 1 kilometer and has actually been traced for more than 7 kilometers along strike.

To date, around 127 diamond holes have actually been drilled at Sams Creek and the blue-sky job currently consists of a remarkable resource price quote, with much of the possession staying untouched.

Job Emphasizes:

• Prolific Resource Quote: The possession’s freshly upgraded JORC (2012) mineral resource price quote (MRE) explains 8.9 million tonnes at 2.82 g/t gold for 808 koz of included gold. Nevertheless, there is still significant capacity for growth as work continues.

• The primary mineralization at Sam’s Creek is open at depth and will be more drill-tested as the deposit is open in all instructions and has substantial capacity for increased gold resources from extra expedition drilling.

• Siren has a gain access to arrangement with the Department of Preservation that enables approximately 100 drill websites within EP40338.

• Extra drilling will likewise be concentrated on infilling any brand-new mineralized zones found, so an upgraded MRE can be finished, expediency research studies can be started, and a mining license application can be advanced in 2024

Alexander River Gold Job

The Alexander River job covers 16.75 square kilometers and is 100-percent owned by Siren Gold. The possession lies 15 kilometers far from the respected Blackwater Mine, an essential indication of what’s possible at Alexander River.

Job Emphasizes:

• Motivating Resource Quote: The job’s presumed mineral resource price quote is presently 1.07 million tonnes at 5 g/t gold for 170 koz at a 1.5 g/t cut-off. Encouragingly, this is a considerable boost of 30 percent and a grade boost of 22 percent from previous price quotes.
• Past-producing Job: Operations at the job closed in 1942; prior to shuttering, they had historic production of 41 koz at 24.6 g/t gold at a cut-off grade of 15 g/t gold. Now, Siren is utilizing contemporary methods to check out and establish the job even more.
• Expedition Targets: Currently, the business concentrates on a 1.2-kilometer-long protrusion quartz reef with mineralisation specified by surface area trenching over 800 meters long and 4 meters large at 8 g/t gold. The width of the protrusion is appropriate for effective mechanized mining.

The Huge River job covers 44.87 square kilometers and is thought about an extremely potential expedition target of 100 to 125 koz at 7 to 9 g/t gold. The business will continue checking out to figure out the possession’s depth and gold grade.

Job Emphasizes:

• 4-kilometer Anomalous Strike Length: The Big River job consists of a substantial 4-kilometer strike length. Testing along this strike hosts enormous stibnite veins with state-of-the-art gold deposits, with outcomes approximately 82 g/t gold.
• Motivating Drill Outcomes: Finished drill projects have actually produced state-of-the-art near-surface assays, with the very best drill holes consisting of:
  • 6.6 meters at 21.4 g/t gold
  • 3 meters at 18.5 g/t gold
  • 6 meters at 5.1 g/t gold
  • 5.2 meters at 6.3 g/t gold
• Maiden Mineral Resource Quote: Siren just recently revealed the possession’s Maiden JORC (2012) mineral resource price quote with an overall indicated and presumed price quote of 11 million tonnes at 3.11 g/t with a cut-off of 1.5 g/t.

Extra Tasks

Siren owns extra gold possessions that are being methodically checked out to increase investor worth even more.

Job Emphasizes:

• Auld Creek: The Auld Creek job consists of an epizonal mineralization that crosses 2 kilometers and consists of state-of-the-art gold and enormous stibnite veins. Neighboring mines have actually produced over 400 koz of state-of-the-art gold, which shows what’s possible at the business’s possession.
• Lyell Goldfield: The 100-percent owned job covers 54.25 square kilometers north of the Alpine United Mine. The job has historic production of 91 koz at 1.84 g/t gold with a cut-off grade of 15 g/t gold. Early trenching shows grades approximately 13.8 g/t gold.
• Cumberland: The business’s Cumberland tenement bundle remains in the center of a 35-kilometer-long structure passage that hosts a few of the most substantial jobs in the Reefton Goldfield. The job has historic production of 45 koz at 14.2 g/t.
• Reefton South: The Reefton South possession covers 333 square kilometers and is thought about a 20-kilometer extension of the Reefton Goldfield. The underground nature of possible deposits concealed them from previous explorers however developed substantial capacity for using contemporary innovations.

Management Group.

Brian Rodan– Chairman

Brian Rodan is a fellow of the Australian Institute of Mining and Metallurgy with 45 years of experience.

He is the handling director and owner of Australian Agreement Mining, a mid-tier contracting business that effectively finished $1.5 billion worth of work over a 20-year duration. ACM was offered to an ASX-listed gold mining business in 2017. Rodan is the founding director of Dacian Gold, which acquired the Mt Morgans Cash Cow from the Administrator of Variety River Gold. After noting on the ASX in 2012, Rodan ended up being Dacian’s biggest investor. He had a 15-year period with Australia’s biggest complete ASX-listed agreement mining business with yearly turnover of more than $850 million.

Paul Angus – Executive Technical Director

Paul Angus is an expedition geologist with 30+ years of mining and geology experience in NZ.

He finished from Otago University and is Brand-new Zealand-based. He formerly held senior management functions with OceanaGold. While he was an expedition supervisor, Angus found >> 3Moz at Macraes, Reefton and Sams Creek.

Keith Murray – Non-executive Director

Keith Murray is a chartered accounting professional with 40 years of experience at basic supervisor level in audit, accounting, tax, financing, treasury and business governance. Throughout the 1990s, Murray was group accounting supervisor, business and tax joint business secretary for Eltin Limited, a leading Australian-based worldwide mining services business. Murray is presently basic supervisor business and business secretary for the Heytesbury Group.

Victor Rajasooriar – Non-executive Director

Victor Rajasooriar is an extremely knowledgeable Australian mining executive and board director who has more than 25 years of functional and technical experience throughout both underground and open pit mining operations. Rajasooriar’s prominent profession has actually seen him hold senior functions with significant resource business, consisting of handling director and CEO of Echo Resources (ASX: EAR) till the conclusion of a takeover by Northern Star Resources (ASX: NST). Prior to signing up with Echo, Rajasooriar held the function of chief running officer for leading underground mining specialist Barminco and has actually held senior technical functions with Gold Fields and Newmont Mining. At Newmont, this consisted of functional obligation for the Waihi Gold Operation in the North Island of New Zealand in between 2006– 2008. He holds a bachelor of engineering (mining) from the WA School of Mines and belongs to both the Australian Institute of Business Directors and the Australasian Institute of Mining and Metallurgy.

Sebastian Andre – Business Secretary

Sebastian Andre is a chartered secretary with over ten years of experience in business advisory, governance and danger services. He has actually formerly functioned as a consultant at the ASX and has a comprehensive understanding of the ASX Listing Rules, focusing on supplying guidance to business and their boards with regard to capital raisings, IPOs, backdoor listings, business compliance and governance matters. Andre holds certifications in accounting, financing, and business governance and belongs to the Governance Institute of Australia.