S2R 4.17% 12.5¢ s2 resources ltd

Ann: Sale of Finland Assets for C$7 Million in Cash and Shares, page-6

  1. 377 Posts.
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    Thanks for the additional info on those projects. A$1.2m exploration spend over 4 years spread across SilverSpoon, Ballarat West, and Yeungroon for 80% interest is very favorable terms imo.
    Then $200k over 4 years to take Outbacks 51% interest in Glenfine. Looks like Outback had earned that 51% interest back in 2021 by spending $1 million.
    https://hotcopper.com.au/data/attachments/6006/6006854-5dd99d81d9a166a7262f1a668afcb97e.jpg
    The last exploration announcement in late December 23 announced a new gold target at Glenfine, with high-grade rock chips at historical workings that has supposedly not had any historical drilling.
    https://hotcopper.com.au/data/attachments/6006/6006859-1dffabde09ebb23e8a77ddfdac7f353a.jpg
    https://hotcopper.com.au/data/attachments/6006/6006871-47d9e6f6710e87654579b5b9e9cd4f69.jpg

 
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