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S2 Resources ( (AU:S2R) ) has provided an announcement.
S2 Resources and its earn-in partner Black Raven Mining have signed a Heritage Protection Agreement with the Wajarri Yamaji traditional owners covering the Jillewarra joint venture area near Meekatharra in Western Australia. The agreement enables state regulators to proceed with granting key exploration licences over 35 kilometres of the Karbah shear zone, an undercover structure interpreted as an extension of the regional system that hosts major gold deposits such as Big Bell and Dalgaranga.
With regulatory granting expected within two months, S2 plans to commence heritage surveys immediately and then launch an initial 30,000-metre aircore drilling campaign once approvals are in place. This first pass, reconnaissance-style program will systematically test widely spaced traverses to identify gold and pathfinder element anomalies, refine geological interpretation, and generate targets for more detailed and deeper drilling, marking the first systematic exploration of this extensive and highly prospective shear corridor.
The most recent analyst rating on (AU:S2R) stock is a Hold with a A$0.06 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 gold and other commodities, with projects in Western Australia. The company operates through joint ventures and 100%-owned tenements, targeting highly prospective shear zones and underexplored terrains near established multi-million ounce gold operations.
Average Trading Volume: 860,967
Technical Sentiment Signal: Sell
Current Market Cap: A$35.08M
Learn more about S2R stock on TipRanks’ Stock Analysis page.