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Strategic Energy Resources Limited ( (AU:SER) ) has shared an update.
Strategic Energy Resources has reported results from its latest diamond drilling campaign at the Canobie Project in Queensland, conducted under a farm-in and joint venture with Fortescue, which is funding up to $8 million in exploration to earn an 80% stake. Two deep diamond holes were completed to test combined magnetic and gravity anomalies at the Charcoal Bore and Wills prospects, with Charcoal Bore returning zones of elevated copper and associated gold within metasedimentary rocks, supported by geochemical signatures consistent with an iron oxide copper-gold (IOCG) mineral system; these results validate the company’s geophysical targeting strategy, reinforce the project’s fertility, and underpin the potential for a significant copper discovery while leaving the exploration program fully funded by Fortescue.
The most recent analyst rating on (AU:SER) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Strategic Energy Resources Limited stock, see the AU:SER Stock Forecast page.
More about Strategic Energy Resources Limited
Strategic Energy Resources Limited is an Australian mineral exploration company focused on discovering and advancing iron oxide copper-gold (IOCG) and related base and precious metal deposits. The company’s key activities include greenfields exploration in prospective terrains, with a particular focus on large-scale copper-gold systems in Queensland, often in partnership or farm-in joint ventures with major industry players.
Average Trading Volume: 35,338,156
Technical Sentiment Signal: Sell
Current Market Cap: A$7.8M
Learn more about SER stock on TipRanks’ Stock Analysis page.