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S2 Resources ( (AU:S2R) ) has shared an announcement.
S2 Resources Ltd has commenced exploration activities at its Warraweena project in northern New South Wales, where it aims to earn a significant interest in the area held by Oxley Resources. The project is considered highly prospective due to unexplained gravity and magnetic anomalies, which suggest potential for valuable mineral deposits. A follow-up gravity survey is currently underway, and drilling is expected to begin in 2-3 weeks. The area is largely unexplored, with historical drilling failing to penetrate the cover and reach the basement geology, which may host extensions of known mineral-rich regions. This exploration could significantly impact S2 Resources’ operations by potentially expanding their resource base and enhancing their industry positioning.
More about S2 Resources
S2 Resources Ltd is a company involved in the exploration of mineral resources, focusing primarily on gold and base metals. The company is actively engaged in projects that aim to uncover valuable mineral deposits, with a particular interest in unexplored or underexplored regions.
Average Trading Volume: 965,101
Technical Sentiment Signal: Buy
Current Market Cap: A$55.16M
See more data about S2R stock on TipRanks’ Stock Analysis page.