S2 Resources Secures A$3.5 Million for Exploration Expansion

S2 Resources ( (AU:S2R) ) has provided an update.

S2 Resources Ltd has successfully raised A$3 million through a placement to institutional and sophisticated investors, with an additional A$0.5 million available through a Share Purchase Plan for existing retail shareholders. This capital raising is intended to support ongoing exploration activities at the company’s Australian projects and to explore new opportunities, reflecting a strategic move to strengthen its exploration momentum while balancing investor interests.

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 Ltd is a company operating in the mining industry, focusing primarily on gold and base metal exploration. The company is engaged in various projects across Australia, including Glenlogan, Warraweena, West Murchison, Jillewarra, and Fosterville, aiming to identify and develop pipeline projects.

Average Trading Volume: 711,371

Technical Sentiment Signal: Sell

Current Market Cap: A$38.49M

Learn more about S2R stock on TipRanks’ Stock Analysis page.