23 December 2025
23 December 2025
Australia battled volatile commodity prices, operational costs and skills shortages but is making progress in becoming an energy transition leader.
In 2026, copper output is projected to recover as operating conditions normalise and major mines return to steady-state production.
The agreement covers 996ha of mineral interests, expanding the overall Mercur project area to roughly 7,200ha.
Blackwater Mine is situated about 20km south of the Blackwater township in the Bowen Basin of Central Queensland.
The project is a 2,200ha land package in the Zacualpan District, near Taxco, Guerrero.
Combined with its existing A$4.54m in cash, S2 Resources now holds more than total cash of A$21.5m.
The project comprises ten exclusive prospecting licences over 1,776km² near the town of Otavi.
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