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S2 Resources ( (AU:S2R) ) has provided an update.
S2 Resources has released its September 2025 quarterly activities report, highlighting key developments across its exploration projects and corporate activities. The company has initiated reconnaissance drilling at Warraweena and expanded its gravity survey, while additional ground has been pegged at both Warraweena and Jillewarra. Despite receiving assay results from Glenlogan and West Murchison, no significant mineral anomalies were found. On the corporate front, S2 Resources completed a tranche 2 private placement and a share purchase plan, raising a total of A$0.61 million. The company ended the quarter with a cash balance of A$3.1 million and holds a significant investment in Valkea Resources valued at A$5.5 million. Planned cash outflows for the next quarter are forecasted to be approximately A$1.6 million.
More about S2 Resources
S2 Resources is a company engaged in the exploration and evaluation of mineral resources, focusing on projects in Australia. The company’s primary activities involve drilling and surveying for potential mineral deposits, including gold, copper, and platinum group elements. S2 Resources is also involved in corporate activities such as capital raising and investment management.
Average Trading Volume: 807,340
Technical Sentiment Signal: Sell
Current Market Cap: A$48.64M
For an in-depth examination of S2R stock, go to TipRanks’ Overview page.