Strategic Energy Resources raised $2 million to explore the Achilles 1 Polymetallic prospect in the South Cobar Basin.

The funding involves issuing 181,818,190 shares at 1.1 cents each.

The first tranche of $1.2 million will be available by May 30, and the second tranche of $766,000 will be available by late July, pending shareholder approval.

Tony Gu from Datt Capital joined Strategic Energy's board as a non-executive director.