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Strategic Energy Resources Limited ( (AU:SER) ) has provided an update.
Strategic Energy Resources Limited announced that Fortescue has approved a $3 million budget for exploration at the Canobie Project in northwest Queensland for FY25-26. This budget will fund a diamond drill program to test multiple geophysical targets and includes additional studies and staff salaries. The approval signifies Fortescue’s confidence in the project’s potential to host significant copper discoveries, which could enhance SER’s industry positioning and stakeholder value.
More about Strategic Energy Resources Limited
Strategic Energy Resources Limited is a specialized explorer focused on discovering world-class copper deposits in Queensland. The company is actively exploring the undercover extensions of the Mt Isa Inlier at Isa North, Canobie, and the recently acquired Diamantina Project.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.18M
For a thorough assessment of SER stock, go to TipRanks’ Stock Analysis page.