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S2 Resources Limited (ASX:S2R)

ALERT: Price-sensitive ASX Announcement for S2R
Current share price for S2R : $0.069 0.014 (25.45%)+
Announcement
Release
15 Jun 2026 9:05AM
Price at Release
$0.055
Full Release
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Summary
S2 Resources Limited is progressing its exploration efforts at the Jillewarra project, having completed an initial heritage survey and commenced an aeromagnetic survey. The company is awaiting the imminent grant of exploration licenses as part of its joint venture with Black Raven Mining, which will allow it to start its planned aircore drilling in July. They have planned an initial 30,000-meter aircore program across several wide-spaced lines to explore the geology and potential gold presence. This marks the beginning of a systematic drilling program over a major shear zone known for hosting large gold deposits. Additionally, S2 is pursuing further exploration licenses to expand its drilling capabilities across its wholly-owned grounds.
Key Points
  • Heritage survey completed over planned drilling area
  • Aeromagnetic survey underway
  • Grant of exploration licenses imminent
  • Initial 30,000-meter aircore drilling program planned
  • Drilling to start in July with two rigs
  • Focus on major shear zone with potential gold deposits
  • Expansion of exploration licenses for 100% S2 owned ground
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.