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The latest update is out from Strategic Energy Resources Limited ( (AU:SER) ).
Strategic Energy Resources Limited has announced progress in its exploration activities at the Canobie Project, identifying multiple targets for drill testing following recent gravity modeling. The company is conducting a Magnetotelluric (MT) survey and preparing for a diamond drill program, with Fortescue having the potential to earn up to an 80% interest by funding exploration. This development could significantly impact SER’s operations and industry positioning, as successful exploration could lead to the discovery of valuable mineral deposits.
More about Strategic Energy Resources Limited
Strategic Energy Resources Limited (SER) operates in the energy sector, focusing on exploration activities, particularly targeting Iron Oxide Copper-Gold (IOCG) mineralization. The company is involved in a Farm-in and Joint Venture Agreement with FMG Resources Pty Ltd, a subsidiary of Fortescue Ltd, aiming to explore the Canobie Project in North West Queensland.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.6M
Learn more about SER stock on TipRanks’ Stock Analysis page.