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In 2026, copper output is projected to recover as operating conditions normalise and major mines return to steady-state production.
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The agreement covers 996ha of mineral interests, expanding the overall Mercur project area to roughly 7,200ha.
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Blackwater Mine is situated about 20km south of the Blackwater township in the Bowen Basin of Central Queensland.
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The project is a 2,200ha land package in the Zacualpan District, near Taxco, Guerrero.
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Combined with its existing A$4.54m in cash, S2 Resources now holds more than total cash of A$21.5m.
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The project comprises ten exclusive prospecting licences over 1,776km² near the town of Otavi.
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