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S2 Resources Ltd. ( (AU:S2R) ) has shared an update.
S2 Resources Ltd. has completed significant exploratory activities in the December 2024 quarter, including a gravity survey at the Warraweena project in New South Wales, which has identified new targets for drilling in 2025. Additionally, soil sampling at West Murchison has revealed substantial anomalies in copper, nickel, platinum, palladium, and gold, while initial drilling at the Glenlogan porphyry target shows potential gold and copper deposits. The company has also initiated three new gold projects in Victoria and is actively drilling at Valkea’s Aarnivalkea gold prospect in Finland, where it holds a 44.6% stake. Financially, S2 Resources reported a cash balance of A$3.47 million at the end of the quarter, with significant investments in Valkea Resources and Trinex Minerals Ltd. The company plans to spend approximately A$1.5 million in the next quarter, focusing on further exploration and development activities.
More about S2 Resources Ltd.
S2 Resources Ltd. is involved in the exploration of mineral resources, focusing on projects that target commodities such as gold, copper, nickel, and other base metals. It operates primarily in Australia, with a strategic interest in Finland through its ownership stake in Valkea Resources.
YTD Price Performance: 11.43%
Average Trading Volume: 207,878
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$35.32M
For a thorough assessment of S2R stock, go to TipRanks’ Stock Analysis page.
