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S2 Resources ( (AU:S2R) ) has issued an announcement.
S2 Resources has completed a maiden seven-hole reconnaissance diamond drilling program and extended its regional gravity survey at the Warraweena copper-gold exploration project in northern New South Wales, where it is earning up to 70%–80% interest alongside ground it already holds outright. The initial drilling intersected extensive calc-alkaline andesitic to basaltic volcanic and volcanoclastic rocks, dubbed the Warraweena volcanics, with geochemistry closely resembling the Macquarie Arc, a prolific copper-gold province that hosts several tier-one operations, and returned elevated copper values and minor native copper in several holes; the company has also secured a new tenement and is planning further geophysical work, positioning Warraweena as an emerging target area despite the program not yet resolving the source of key magnetic anomalies.
The most recent analyst rating on (AU:S2R) stock is a Hold with a A$0.09 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 Australian mineral exploration company focused on discovering copper and gold deposits, with key projects in New South Wales and other prospective regions. The company targets volcanic arc and related geological settings, seeking large-scale porphyry, epithermal and skarn-style mineral systems that could underpin future development or partnerships.
Average Trading Volume: 648,390
Technical Sentiment Signal: Sell
Current Market Cap: A$36.65M
Find detailed analytics on S2R stock on TipRanks’ Stock Analysis page.