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S2 Resources Limited (ASX:S2R)

ALERT: Price-sensitive ASX Announcement for S2R
Current share price for S2R : $0.069 -0.036 (-34.29%)+
Announcement
Release
6 Oct 2025 8:32AM
Price at Release
$0.105
Full Release
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Summary
S2 Resources Limited has commenced a drilling program at its Warraweena project in northern New South Wales, where the company can earn up to a 70% interest, potentially extending to 80%, in collaboration with Oxley Resources. This drilling initiative targets six gold and base metal anomalies identified by gravity and magnetic surveys in a largely unexplored area, concealed by younger rocks and alluvium. The first pass drilling aims to identify the rocks causing these anomalies to guide future exploration. The company is advancing its exploration with a detailed gravity survey, which is 60% complete, and plans to complete the initial drilling phase in approximately two months.
Key Points
  • Drilling has started at S2 Resources' Warraweena project.
  • The project involves earning up to 70% and potentially 80% interest through expenditure.
  • Six initial targets with differing gravity and magnetic anomalies are being drilled.
  • The drilling aims to characterize rocks causing anomalies for future exploration.
  • A follow-up gravity survey is 60% complete.
  • Initial drilling phase expected to last approximately two months.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.