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An announcement from S2 Resources ( (AU:S2R) ) is now available.
S2 Resources announced the commencement of reverse circulation drilling at the Yalgamine soil anomaly within its West Murchison project in Western Australia. This initiative aims to explore a 500-meter-long anomaly rich in copper, platinum, palladium, and gold, potentially indicating significant mineral deposits. The results of this drilling, expected by late September or early October, could enhance S2’s resource portfolio and strengthen its position in the mining sector. Additionally, the company is preparing for drilling at the Warraweena project in New South Wales, where it seeks to earn a majority interest, further expanding its exploration activities.
The most recent analyst rating on (AU:S2R) stock is a Hold with a A$0.10 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 a company operating in the mining industry, focusing on exploration and development of mineral resources. Its primary activities include identifying and testing soil anomalies for valuable minerals such as copper, platinum, palladium, and gold, with a market focus on expanding its resource base in Australia.
Average Trading Volume: 951,420
Technical Sentiment Signal: Sell
Current Market Cap: A$42.62M
Find detailed analytics on S2R stock on TipRanks’ Stock Analysis page.