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S2 Resources Limited (ASX:S2R)

ALERT: Price-sensitive ASX Announcement for S2R
Current share price for S2R : $0.067 -0.001 (-1.47%)+
Announcement
Release
30 Apr 2026 7:59AM
Price at Release
$0.068
Full Release
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Summary
S2 Resources Limited released its quarterly activities report for the period ending 31 March 2026, highlighting significant progress in exploration and financial activities. The company reported a cash balance of A$19.78 million and an investment in Valkea Resources valued at A$6.64 million. Key developments include the signing of a Heritage Protection Agreement for the Jillewarra project, with plans to initiate aircore drilling. Operating cash outflows totaled A$1.2 million, primarily due to exploration and evaluation expenditures. The report also detailed plans to spend A$2.2 million in the next quarter while maintaining robust cash reserves.
Key Points
  • S2 Resources signed a Heritage Protection Agreement for the Jillewarra project in Western Australia.
  • Cash balance was A$19.78 million at the end of March 2026.
  • S2 holds a 24.53% equity interest in Valkea Resources, valued at A$6.64 million.
  • The company plans to spend A$2.2 million in the quarter ending June 2026.
  • Net cash used in operating activities was A$1.2 million for the quarter.
  • No substantive mining production activities occurred during the quarter.
  • The Appendix 5B report outlines cash flows and financial activities.
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.