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S2 Resources ( (AU:S2R) ) has issued an update.
S2 Resources has strengthened its balance sheet and strategic partnerships during the December 2025 quarter, selling its Fosterville exploration licence to Agnico Eagle for A$17 million in cash and completing a A$3 million private placement with Agnico, which now holds 5.6% of the company. The miner ended the period with a robust cash position of A$22.79 million and a A$5.95 million stake in Valkea Resources, while continuing early-stage exploration at its Warraweena project, expanding ground and gravity surveys, and securing new earn-in and 100%-owned ground at the multi-commodity Loch Lilly project, positioning the company for increased exploration activity and potential growth in coming quarters.
The most recent analyst rating on (AU:S2R) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on S2 Resources stock, see the AU:S2R Stock Forecast page.
More about S2 Resources
S2 Resources is an Australia-listed mineral exploration company focused on greenfields and brownfields projects, including base and precious metals, with a portfolio that spans assets such as Warraweena and Loch Lilly, and equity investments in TSXV-listed Valkea Resources.
Average Trading Volume: 973,520
Technical Sentiment Signal: Sell
Current Market Cap: A$39.34M
See more insights into S2R stock on TipRanks’ Stock Analysis page.