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Strategic Energy Resources Limited (ASX:SER)

ALERT: Price-sensitive ASX Announcement for SER
Current share price for SER : $0.130 -0.08 (-38.10%)+
Announcement
Release
30 Apr 2026 9:54AM
Price at Release
$0.210
Full Release
download
Summary
Strategic Energy Resources Limited (SER) has released its March 2026 Quarterly Activities & Cashflow Report. The report details significant developments including a strategic joint venture with Sumitomo Metal Mining Oceania Pty Ltd for the Bulimba Gold Project, entailing up to $6 million in expenditure over five years. Additionally, SER received $400k in funding grants for drilling at the Diamantina and Bulimba projects in Queensland. The Canobie Copper-Gold Project reported the completion of a diamond drill program funded by Fortescue Limited. Financial activities included the receipt of government grants and a capital consolidation effort. SER is focusing on exploration activities with a strategic emphasis on uncovering mineral deposits in Queensland.
Key Points
  • Joint venture with Sumitomo for Bulimba Gold Project with $6 million in expenditure over five years.
  • $400k in funding grants awarded for Diamantina and Bulimba projects.
  • Completion of a diamond drill program at Canobie Copper-Gold Project, funded by Fortescue.
  • Receipt of $275,000 Queensland Government grant for Diamantina Copper-Gold Project.
  • Capital consolidation and sale of unmarketable parcels completed.
  • Exploration focus on Queensland mineral deposits.
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.