Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Former FBI Director Robert Mueller has Parkinson’s disease:...
Earthwise Advertising & Investor Awareness Campaign
Commencement of Henbury Field Program
RCM to Acquire Webbs Consol Silver Project from...
Basin Energy
Epstein estate to hand over ‘birthday book’ to...
Dyan Cannon denied White House entry after lying...
Israel eliminates Houthi prime minister in Yemen airstrike...
Sen. Bernie Sanders calls on RFK Jr. to...
Trump appointee exits US foreign aid agency after...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

S2 Resources Signs Earn-in Deal with Valkea for Three Gold Projects in Victoria

by admin December 9, 2024
December 9, 2024
S2 Resources Signs Earn-in Deal with Valkea for Three Gold Projects in Victoria

S2 Resources (ASX:S2R) said Wednesday (December 4) that it has signed an earn-in deal with Valkea Resources (TSXV:OZ,OTCQB:OZBKF) as part of the recently completed sale of its Finnish assets to Valkea.

S2 has gained the right to earn an 80 percent interest in Valkea’s Silverspoon, Yeungroon and Ballarat West gold projects in Victoria, Australia, by providing funding of AU$1.2 million within four years.

Silverspoon holds one granted exploration licence and is located 15 kilometres southeast of the Fosterville gold mine, while Yeungroon comprises three licences and covers 728 square kilometres near Charlton and Wedderburn.

Ballarat West is a 788 square kilometre project that “covers several known historically productive ‘deep lead’ gold mines beneath the widespread post-mineralisation basalt cover within the project area.” No exploration has been performed so far, but S2 believes that the deep leads hint at its potential to host significant bedrock gold mineralisation.

“S2 can withdraw from any or all of the projects at any time providing the tenements are in good standing on a pro-rata expenditure commitment basis for a minimum of three months from the date of its withdrawal notice,” the firm said.

The earn-in period will only start once parties have satisfied the agreement’s conditions.

Should S2 be unable to undertake exploration due to land access, permitting delays or other outside restrictions, the company will be entitled to a reasonable earn-in term extension.

The agreement is subject to Valkea receiving TSX Venture Exchange approval and ministerial approval in Victoria.

S2 holds a 45 percent stake in Valkea as part consideration for the sale of its Finnish asset.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
2024 US Capital Gains Tax Guide for Gold and Silver Investors
next post
Government’s ‘Pansexual and Panromantic Pride Day’ post sparks backlash: ‘Glad this type of bulls— will end’

You may also like

Seymour Concentrate Produces Battery Grade Lithium Hydroxide

August 7, 2025

African Gold Announces Transformational Strategic Partnership with Montage...

March 25, 2025

Nifty PFS Confirms $1,12Cm Pre-Tax NPV and 7C7kt...

November 27, 2024

Top 5 Canadian Biotech Stocks in 2025

April 23, 2025

Financial Agreement signed releasing $2M grant

January 23, 2025

Editor’s Picks: Gold Price Passes US$2,950, Trump Promises...

February 23, 2025

West High YieldResources Ltd. Announces BC Government Mining...

October 11, 2024

Crypto Market Recap: South Dakota Rejects Bitcoin Reserve...

February 26, 2025

Editor’s Picks: Gold Price Touches US$3,500 in Volatile...

April 28, 2025

Charbone Hydrogene signe une entente de conditions pour...

May 2, 2025

Recent Posts

  • Former FBI Director Robert Mueller has Parkinson’s disease: report
  • Earthwise Advertising & Investor Awareness Campaign
  • Commencement of Henbury Field Program
  • RCM to Acquire Webbs Consol Silver Project from Lode Res.
  • Basin Energy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (902)
    • Investing (2,872)
    • Politics (3,525)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.