SPINNING OFF OF SUCCESS leverage in the discovery rather than the commodity price , and that was a good demonstration of that .”
A particular problem that is rather unique to S2 is the lack of a revenue stream from an operation .
“ As far as making that go as far as possible we need to be able to demonstrate to those in the market that are entrusting us with that money that we are spending it wisely . We look after every cent where we can . If you ’ re a mining company right now , the number of commodity prices have been weak for a while now and most companies in production here right now are doing their utmost to cut costs in every possible way .”
S2 operates in Australia , Sweden and Finland but the company originally started out with just the Australian assets from Sirius . In April this year , S2 announced that it had discovered the Monsoon project , which Bennet describes as a promising prospect . This comes off the back of further success in Northern Sweden , where a new exploration was laid out with 60 targets , and in the very first drill hole S2 discovered a zinc deposit . Again ,
Bennett stresses that it is early days but it signals a promising prospect moving forward for the company .
For any exploration company , community engagement is pivotal . Get it right and successful operations can follow , get it wrong and you ’ ll never know .
“ The beauty of being a small company is you can engage directly . It makes a huge difference with local people . Compare that with a big corporate company where it ’ s a line managers job to do that – people see that as not being taken seriously as it not the big chief talking to them ,” says Bennett .
Bennett is a firm believer of this level of engagement , stating that it is important to provide sustainable options for the future , such as jobs , training and education , as opposed to simply a financial gain .
“ It ’ s important you develop good relationships with those on the ground very quickly . That ’ s one of the reason why having people who have been working for years and experience of working in these areas is extremely important . It ’ s basically just simple
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