S2 Resources Ltd Quarterly Activities Report
Key points
- Permits approved for drilling at Western Trend and Margueritta South targets
- Diamond drilling commenced at T37 gold target in Warraweena project
- Strong end-of-quarter cash position of A$17.35 million
- Shareholding in Valkea Resources valued at A$5.24 million
- Planned expenditure for next quarter estimated at A$2.6 million
Full summary
S2 Resources Ltd has reported its quarterly activities for the period ended 30 September 2026. The company has received approvals for drilling at the Western Trend and Margueritta South targets in Western Australia, with drilling set to begin as soon as a suitable rig is sourced. Additionally, diamond drilling has commenced at the T37 gold target in the Warraweena project in New South Wales. The company ended the quarter with a strong cash position of A$17.35 million and a shareholding in Valkea Resources valued at A$5.24 million. Planned expenditure for the next quarter is estimated at A$2.6 million, subject to potential delays in permitting and availability of drill rigs.
Guidance
End of quarter cash position: A$17.35 million, Valkea Resources shareholding: A$5.24 million
Outlook
S2 Resources Ltd expects to commence drilling at the Western Trend and Margueritta South targets in early 2027, pending resolution of additional permits and ethnographic surveys.
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