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Strategic Energy Resources Limited ( (AU:SER) ) has issued an update.
Strategic Energy Resources Limited announced the results of its initial two-hole diamond drill program at the Nardoo Prospect of the Isa North Project in Northwest Queensland. The drilling, supported by a Queensland Government grant, aimed to confirm the presence of Iron Oxide Copper-Gold (IOCG) mineralisation. While high grades of base metal mineralisation were not intersected, the program identified magnetite-rich IOCG events and potential near-miss indicators of a mineralising system. The findings suggest further investigation is needed to explore the potential for sedimentary base metal mineralisation similar to known deposits along the Gunpowder fault.
More about Strategic Energy Resources Limited
Strategic Energy Resources Limited operates in the energy sector, focusing on exploration and development projects. The company is involved in identifying and developing mineral resources, particularly in regions with significant geological potential.
Average Trading Volume: 35,338,156
Technical Sentiment Signal: Sell
Current Market Cap: A$6.68M
For an in-depth examination of SER stock, go to TipRanks’ Overview page.