S2R 8.70% 12.5¢ s2 resources ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-78

  1. 10,075 Posts.
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    Yes that is pretty much what S2 plan to do.

    Southern Star Exploration Pty Ltd (S2) will adopt a staged approach to collect and acquire new regional data, utilising current mineral deposit model knowledge and identifying key target criteria within the data, follow-up vectoring and prioritising using conventional and new technologies, reconnaissance drilling, then focused target drilling.
    It's not as if they are going to start target drilling soon, with a small exploration budget they will lay the groundwork first.
    IP Surveying will be one of the technologies they will use because it picks up on the sulphide as you know.
    A note on the exploration spends:
    Block 1 proposed program expenditure is $26,755,318 over five years.
    Block 2 proposed program expenditure is $23,213,347 over five years.
    Block 3 proposed exploration program expenditure is $40,713,593 over five years.
    Block 4 proposed exploration program expenditure is $10,376,000 over five years.
 
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