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S2 Resources Limited (ASX:S2R)

ALERT: Price-sensitive ASX Announcement for S2R
Current share price for S2R : $0.075 0.015 (25%)+
Announcement
Release
19 May 2026 8:14AM
Price at Release
$0.060
Full Release
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Summary
S2 Resources Limited has announced that all exploration licences have been granted for the Loch Lilly project in New South Wales, marking a significant step forward in their exploration activities. The project, located 70 kilometres southeast of Broken Hill, is recognized for its potential in copper-gold porphyry-style mineralisation. The company plans to initiate land access negotiations and conduct geophysical surveys at various prospects to refine drilling plans. The project spans 100 kilometres of the Loch Lilly-Kars belt, which remains largely unexplored but is considered analogous to other fertile geological belts in Australia. Through an earn-in and joint venture agreement, S2 Resources could achieve up to a 75% stake in the project. The historical exploration activities are under review and validation by S2, with the company yet to conduct any new drilling or sampling.
Key Points
  • All exploration licences granted at the Loch Lilly project, 70 kilometres southeast of Broken Hill, NSW.
  • Confirmed prospective copper-gold porphyry-style mineralisation at the project area.
  • Several undrilled porphyry-style targets identified in regional geophysics.
  • Negotiation of land access agreements to commence, followed by geophysical surveys at priority prospects.
  • S2 Resources Ltd can earn up to a 75% interest in the Loch Lilly project through an earn-in and joint venture agreement.
  • The project covers 100 kilometres of the largely unexplored Loch Lilly-Kars belt.
  • Potential for both copper-gold porphyry and volcanogenic massive sulphide base metals.
  • Historical exploration data is being reviewed and validated by S2 Resources Ltd.
  • No recent drilling or sampling by S2, but historical data shows potential for mineralisation.
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.