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S2 Resources Limited (ASX:S2R)

ALERT: Price-sensitive ASX Announcement for S2R
Current share price for S2R : $0.076 0.02 (35.71%)+
Announcement
Release
26 Jun 2026 8:35AM
Price at Release
$0.056
Full Release
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Summary
S2 Resources Limited has announced the granting of key exploration licences as part of the Jillewarra Joint Venture (JJV) with Black Raven Mining, in which S2 is earning a 51% interest. The licences cover 35 kilometers of the Karbah shear zone, known for hosting major gold deposits. An initial aircore drilling program, comprising 30,000 meters, is set to commence in July, upon receiving environmental approvals. A detailed aeromagnetic survey has been completed to aid future drilling programs over the 60-kilometer strike zone controlled by S2. In addition, a Heritage Protection Agreement is progressing, which will enable broader exploration efforts over the company's tenements. S2 is required to spend A$5 million by October 2026 to secure their interest, with A$3.8 million already expended as of May 2026. The company anticipates meeting the earn-in requirement through ongoing drilling activities.
Key Points
  • S2 Resources granted key exploration licences for Jillewarra JV.
  • Initial 30,000-meter aircore drilling program planned for July.
  • Licences cover 35 km of the Karbah shear zone, a major gold deposit area.
  • Detailed aeromagnetic survey completed for future drilling guidance.
  • Heritage Protection Agreement progressing for broader exploration.
  • S2 to spend A$5 million by October 2026 to earn 51% interest.
  • A$3.8 million already spent as of May 2026.
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.