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The latest update is out from S2 Resources ( (AU:S2R) ).
S2 Resources reported a cash balance of A$19.78 million at 31 March 2026 and an additional A$6.64 million in value from its 24.53% stake in TSXV-listed Valkea Resources, underpinning a strong funding position for exploration. During the March quarter it spent about A$1.2 million on operating outflows, mainly on exploration and evaluation, and forecasts A$2.2 million in cash outflows for the June quarter.
At the Jillewarra gold and base metals project, S2 signed a Heritage Protection Agreement with traditional owners, clearing the way for grant of key tenements and heritage surveys in May ahead of first aircore drilling planned for late June or early July. The company also progressed work at its Warraweena and Silver Spoon projects, restarted geophysics and permitting at the T-37 gold target, identified strong gold-antimony soil anomalies, and slightly expanded its capital base through share issuance related to the Loch Lilly earn-in agreement.
More about S2 Resources
S2 Resources is an Australian mineral exploration company focused on gold and base metals projects in Western Australia and other regions. The company advances early-stage to earn-in joint venture projects, leveraging substantial cash reserves and strategic equity investments to fund exploration across prospective greenstone belts and structural corridors.
Average Trading Volume: 544,297
Technical Sentiment Signal: Sell
Current Market Cap: A$34.55M
For an in-depth examination of S2R stock, go to TipRanks’ Overview page.