What does the recent announcement mean for S2 Resources (ASX:S2R) at the Jillewarra Joint Venture?

S2 Resources (ASX:S2R) has secured two key exploration licences covering 35 kilometres of strike from the Western Australian government.

How is the Jillewarra Joint Venture structured for S2 Resources (ASX:S2R)?

S2 Resources (ASX:S2R) is earning an initial 51% interest in the project from private firm Black Raven Mining. This joint venture agreement gives the company operational control over a key segment of the Karbah shear zone.

What are the metrics for the upcoming drilling campaign planned by S2 Resources (ASX:S2R)?

S2 Resources (ASX:S2R) stated that the initial systematic exploration campaign will comprise a nominal 300 holes. The company plans for this initial "sighter" aircore drilling programme to span 30,000 metres to determine the local geology.

Why is July a key month for the S2 Resources (ASX:S2R) exploration timeline?

S2 Resources (ASX:S2R) expects to receive detailed aeromagnetic survey results and commence its first wave of aircore drilling during July. Environmental approval applications for this upcoming drilling programme are currently being lodged with the Western Australian government.

How does the Jillewarra project fit into the broader asset portfolio of S2 Resources (ASX:S2R)?

The Jillewarra asset is part of a wider gold and base metals exploration portfolio maintained by S2 Resources (ASX:S2R) across Australia and Finland. This regional diversification includes the wholly owned Yeungroon project in Victoria, where the explorer previously reported strong gold anomalies.

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S2 Resources secures tenements for Jillewarra JV drilling

Written by Isaac FrancisPublished Jun 25, 2026, 11:41 PM

The Western Australian government granted two key exploration licences to S2 Resources for the Jillewarra joint venture, allowing drilling to commence.
The announcement left the S2 Resources share price steady at $0.056 during market trading.
The company intends to launch a 30,000-metre aircore drilling programme in July to identify initial gold targets.

S2 Resources (ASX:S2R) has secured two key exploration licences covering 35km of strike for the Jillewarra joint venture.

The milestone follows a detailed aeromagnetic survey with results expected by the company in July.

The company is earning an initial 51% interest in the project from private firm Black Raven Mining.

S2 Resources stated that an initial 30,000-metre aircore drilling programme comprising 300 holes is scheduled to begin in July.

Following the announcement, the S2 Resources share price was unchanged at $0.056.

The business maintains a mineral exploration portfolio targeting gold and base metals across Australia and Finland.

In May, the explorer reported strong gold and multielement anomalies at its separate Yeungroon project.

S2 Resources secures tenements for Jillewarra JV drilling

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