Ann: Funding Update, page-9

In 2012, micro-cap explorer Sirius Resources was completely skint when it found the globally significant Nova deposit in the Fraser Range of WA.
It sent an otherwise dour market into a frenzy.
Within two months the Sirius share price was up 4,000 per cent from 5c to over $2.50.
And when it was finally acquired by major miner Independence Group (ASX:IGO) in 2015, the former penny stock was valued at $4.38 per share, or $1.8 billion.
But this wasn’t the first big find for Sirus boss Mark Bennett.
Bennett had already discovered the Thunderbox gold mine in 1999 – WA’s best discovery in decade — and the nearby Waterloo nickel mine in 2002.
Bennett now helms cashed-up gold and base metals-focused Sirius spinout S2 Resources (ASX:S2R), which has projects in Finland and the Fraser Range of WA.
He is also on the board of Todd River Resources (ASX:TRT) — alongside former Gold Road Resources (ASX:GOR) boss Ian Murray — which is hunting for nickel, copper and PGEs near Chalice’s massive Julimar discovery in WA.
Both these guys have experience turning struggling small cap explorers into +$1bn success stories.
That’s rarefied air.