S2 Resources Strikes Gold and Reclaims Projects
Company Announcements

S2 Resources Strikes Gold and Reclaims Projects

S2 Resources Ltd. (AU:S2R) has released an update.

S2 Resources Ltd. announced significant drilling results at their Fosterville site, including a new gold-bearing structure, the Blackadder Fault, with promising yields such as 5.7m at 6.4g/t gold. The company also resumed full ownership of West Murchison and Fraser Range projects after the sale agreement with Pacific State Metals was terminated due to failed IPO conditions. Financially, S2 Resources Ltd. spent A$2.24 million in the quarter with a closing cash balance of A$5.322 million and holds various other assets, including shares in Trinex Minerals.

For further insights into AU:S2R stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskS2 Resources Sets Date for Annual General Meeting
TipRanks Australian Auto-Generated NewsdeskS2 Resources Unveils Promising Drilling Results
TipRanks Australian Auto-Generated NewsdeskS2 Resources Expands Exploration Efforts and Strengthens Finances
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App