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Strategic Energy Resources Limited ( (AU:SER) ) has issued an update.
Strategic Energy Resources reported that it has completed diamond drilling programs at its Isa North and Canobie copper projects in northwest Queensland, while finalising the acquisition of the Diamantina Copper-Gold Project from Anglo American, which has now become a shareholder. At the 100%-owned Isa North Project’s Nardoo Prospect, two deep diamond holes intersected intense hydrothermal alteration, magnetite-rich zones and elevated copper, zinc and rare earth elements, indicating a potential IOCG ‘near-miss’ and possible sedimentary zinc mineralisation analogous to known deposits along the Mt Gordon–Gunpowder fault, with work now shifting to refine targets within this highly prospective structural corridor.
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 (ASX:SER) is an Australian mineral exploration company focused on copper and gold projects in Queensland, targeting large-scale iron oxide copper-gold (IOCG) and related mineral systems along major fault zones such as the Mt Gordon–Gunpowder Fault. The company advances its portfolio through government-supported exploration programs, joint ventures with major miners, and strategic acquisitions from global mining groups.
Average Trading Volume: 33,107,435
Technical Sentiment Signal: Sell
Current Market Cap: A$10.03M
For an in-depth examination of SER stock, go to TipRanks’ Overview page.