New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 7.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m (AU$336k revenue, or US$238k). Market cap is less than US$10m (AU$11.3m market cap, or US$7.99m). Recent Insider Transactions • Feb 13
Non-Executive Director recently bought AU$54k worth of stock On the 4th of February, Daniel Loughnan bought around 6m shares on-market at roughly AU$0.009 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Nov 17
Strategic Energy Resources Limited Announces Board Changes Strategic Energy Resources Limited advised that Mr. Anthony McIntosh has resigned as Non-Executive Director effective immediately, in order to focus on other business activities. Mr. McIntosh has made a significant contribution to the Company since he joined the board in October 2020, and the Company thanks him for his professionalism, dedication and hard work. While a suitable candidate can be appointed, SER's Company Secretary Mr. Mathew Watkins, has been appointed for an interim period as Non-Executive Director. Due to the timing of the Board changes, Mr. Watkins will retire at the Annual General Meeting ("AGM"), scheduled to be held on Tuesday, 18 November 2025. To ensure continuity, he will be re-appointed to the Board following the AGM. New Risk • Oct 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 6.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.69m market cap, or US$4.99m). Duyuru • Sep 24
Strategic Energy Resources Limited, Annual General Meeting, Nov 18, 2025 Strategic Energy Resources Limited, Annual General Meeting, Nov 18, 2025. New Risk • Aug 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 4.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (AU$46k revenue, or US$30k). Market cap is less than US$10m (AU$4.87m market cap, or US$3.18m). New Risk • Aug 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 4.6% per year over the past 5 years. Revenue is less than US$1m (AU$46k revenue, or US$30k). Market cap is less than US$10m (AU$5.03m market cap, or US$3.28m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Duyuru • Jul 31
Strategic Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Strategic Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 137,758,325
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 262,241,675
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Jun 10
Australian Gold and Copper Limited (ASX:AGC) agreed to acquire NSW exploration title EL9012 of Strategic Energy Resources (ASX: SER) for AUD 0.40 million. Australian Gold and Copper Limited (ASX:AGC) agreed to acquire NSW exploration title EL9012 of Strategic Energy Resources (ASX: SER) from Strategic Energy Resources Limited (ASX:SER) for AUD 0.40 million on June 10, 2025. A cash consideration of AUD 0.4 million will be paid by Australian Gold and Copper Limited. As part of consideration, AUD 0.4 million is paid towards common equity of NSW exploration title EL9012 of Strategic Energy Resources (ASX: SER). Under the terms of the transaction, AUD 0.05 million cash is payable upon execution of the sale agreement while the remaining AUD 0.35 million cash is payable upon completion. Australian Gold and Copper Limited will pay a production payment of $100 per AuEq ounce produced from the Tenement capped at AUD 1 million. Duyuru • Apr 16
Strategic Energy Resources Limited Receives Drilling Grant from Queensland Government Collaborative Exploration Initiative Strategic Energy Resources Limited announced it has been awarded $275,000 to drill test the Nardoo Copper-Gold Prospect at 100% owned Isa North Project. The $275,000 grant from the Queensland Government Collaborative Exploration Initiative (CEI) will fund diamond drill testing of the N8 target at Nardoo. The N8 target represents a compelling geophysical (magnetic susceptibility and density) target that was also independently identified by a Machine Learning model ranking prospects across the Mt Isa Province. The results of the upcoming drilling campaign will be incorporated into ongoing mineral systems research programs for continued advancement of the project. The results of the upcoming drilling campaign will be incorporated into ongoing mineral systems research programs for continued advancement of the project. Duyuru • Apr 07
Strategic Energy Resources Limited Announces an Exploration Update for the 100% Owned South Cobar Project Strategic Energy Resources Limited announced an exploration update for the 100% owned South Cobar Project which lies within the Rast Trough at the southern end of the Cobar Basin in NSW. Exploration continues at South Cobar following the identification of two significant Pb-Zn-Ag-Cu-Au anomalies from a soil geochemistry survey at Mt. Tooronga1, with an Induced Polarisation survey and an infill soil geochemical survey to refine targets for drill testing. IP was a key dataset in the discovery of the Federation Deposit by Aurelia Metals Ltd. and is being systematically utilised by Australian Gold and Copper in their exploration efforts to the north along the Achilles Shear. The SER's IP survey was designed to search for evidence of disseminated sulphides at Mt Tooronga and follow up mineralisation intersected in the reconnaissance drill program completed at Achilles last year. To provide geological context to the IP survey at Helia and Miti, two dipole-dipole IP lines were collected at Achilles; the first directly along the central drill traverse on the outcropping hill where peak mineralisation was intersected (A1R003: 6m @ 5.16g/t Ag & 1.57% Pb + Zn from 47m) and further to the east where secondary trends of mineralisation were identified. The information in this report that relates to Exploration Results is based on information compiled by Mr. Stuart Rechner BSc (Geology) MAIG MAusIMM, a Member of the Australian Institute of Geoscientists and the Australasian Institute of Mining and Metallurgy. Mr. Rechner is a Director and shareholder of Strategic Energy Resources Ltd. Mr. Rechner has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 4.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.36m market cap, or US$2.12m). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m (AU$46k revenue, or US$28k). Market cap is less than US$10m (AU$4.70m market cap, or US$2.93m). Duyuru • Oct 18
Strategic Energy Resources Limited, Annual General Meeting, Nov 19, 2024 Strategic Energy Resources Limited, Annual General Meeting, Nov 19, 2024. Duyuru • Jul 24
Strategic Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.0154 million. Strategic Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.0154 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 112,181,830
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 71,036,360
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Security Features: Attached Options
Transaction Features: Reserved Share Offering; Subsequent Direct Listing Duyuru • May 24
Strategic Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Strategic Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 112,181,830
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,636,360
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Sep 09
Strategic Energy Resources Limited, Annual General Meeting, Nov 16, 2023 Strategic Energy Resources Limited, Annual General Meeting, Nov 16, 2023. New Risk • Sep 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.8m free cash flow). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.81m market cap, or US$3.74m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Duyuru • Jul 17
Middle Island Resources Limited (ASX:MDI) completed the acquisition of East Tennant Project from Strategic Energy Resources Limited (ASX:SER). Middle Island Resources Limited (ASX:MDI) entered into a binding Sale and Purchase Agreement to acquire East Tennant Project from Strategic Energy Resources Limited (ASX:SER) for AUD 0.64 million on May 16, 2023. Middle Island proposes to purchase 100% of SER’s East Tennant Projects for 18,240,000 fully paid ordinary MDI shares at a deemed price of AUD 0.035 per share, this being the closing price of Middle Island Resources on Friday May 12, 2023. The Consideration Shares are to be issued within 5 business days following satisfaction of conditions precedent in the SPA. Completion will be subject to MDI completing due diligence within 60 days and being satisfied with its findings, Statutory consents being received in relation to the transfer of the tenements, Consents required from ASX and No event occurring prior to completion which materially and adversely affects the right or interests proposed to be acquired by MDI under the SPA. MDI shares proposed to be issued to SER will be subject to a voluntary escrow period of a minimum of 12 months from date of completion, or any ASX mandated escrow restrictions if this period exceeds 12 months. It is expected that the transaction will be completed within a period of 90 days from date of execution of the SPA.
Middle Island Resources Limited (ASX:MDI) completed the acquisition of East Tennant Project from Strategic Energy Resources Limited (ASX:SER) on July 17, 2023. SER now holds approximately 14.9% of the shares on issue in MDI. All the conditions of the SPA have been satisfied. New Risk • Jul 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.8m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.19m market cap, or US$3.45m). Duyuru • May 16
Middle Island Resources Limited (ASX:MDI) entered into a binding Sale and Purchase Agreement to acquire East Tennant Project of Strategic Energy Resources for AUD 0.64 million. Middle Island Resources Limited (ASX:MDI) entered into a binding Sale and Purchase Agreement to acquire East Tennant Project of Strategic Energy Resources for AUD 0.64 million on May 16, 2023. Middle Island proposes to purchase 100% of SER’s East Tennant Projects for 18,240,000 fully paid ordinary MDI shares at a deemed price of AUD 0.035 per share, this being the closing price of (ASX:MDI) on Friday May 12, 2023. The Consideration Shares are to be issued within 5 business days following satisfaction of conditions precedent in the SPA. Completion will be subject to MDI completing due diligence within 60 days and being satisfied with its findings, Statutory consents being received in relation to the transfer of the tenements, Consents required from ASX and No event occurring prior to completion which materially and adversely affects the right or interests proposed to be acquired by MDI under the SPA. MDI shares proposed to be issued to SER will be subject to a voluntary escrow period of a minimum of 12 months from date of completion, or any ASX mandated escrow restrictions if this period exceeds 12 months. It is expected that the transaction will be completed within a period of 90 days from date of execution of the SPA. Duyuru • Feb 04
Strategic Energy Resources Limited Announces Commencement of Myall Creek Ground Gravity Survey Strategic Energy Resources Limited announced that Farm-in and Joint Venture partner FMG Resources Pty Ltd. ("Fortescue"), a wholly owned subsidiary of Fortescue Metals Group Ltd, has commenced a detailed ground survey over SER's Myall Creek Copper-Gold Project. The Myall Creek Copper Project is located at the southern end of the Gawler Craton in the Olympic Copper-Gold Province, home to the Olympic Dam, Prominent Hill and Carrapateena mines and the recent major copper- gold discovery at Oak Dam West. SER's exploration licences (which are adjacent to Fortescue tenure) cover a 15km strike length prospective for both sediment hosted copper sulphide hosted in the basal units of the Tapley Hill Formation and Iron-Oxide Copper Gold (IOCG) mineralisation in the underlying basement. The detailed ground gravity survey will consist of over 1900 new gravity stations on a nominal 500m spaced grid which will infill the existing regional 2km spaced gravity data. The survey will also infill a number of historical 250m spaced east-west gravity traverses in the area. This survey will complement the 2020 airborne magnetic /radiometric survey data to sufficiently model any basement hosted IOCG style anomalies. SER will continue to keep shareholders informed of further developments at Myall Creek. Duyuru • Dec 20
Strategic Energy Resources Limited Provides Exploration Update - Cowal Projects Strategic Energy Resources Limited provided an update on the Cowal Projects (EL9368 and EL9057) over which Evolution Mining Limited has a two-year Option to purchase. The tenements are located nearby Evolution's operating Cowal Gold Mine in New South Wales. In the 3-month period since the Option Agreement was signed, Evolution has progressed desktop targeting reviews of the Cowal Projects whilst the areas have been inaccessible for on-ground activities due to weather conditions. Evolution has provided formal notification of withdrawal from the Option Agreement with respect to EL9057. Regarding EL9368, assessment of historical datasets (including geophysics and historical drilling) has progressed, and subject to land access, forward exploration activities in 2023 may include drilling and/or additional geophysics. SER is encouraged that Evolution intends to conduct further evaluation and on-ground exploration of EL9368 in 2023 and company look forward to providing updates on their activities. Recent Insider Transactions • Dec 03
Non-Executive Director recently bought AU$102k worth of stock On the 30th of November, Anthony McIntosh bought around 6m shares on-market at roughly AU$0.017 per share. This transaction increased Anthony's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$217k more in shares than they have sold in the last 12 months. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Anthony McIntosh was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 08
Strategic Energy Resources Limited Provides Update on Exploration At the Canobie Project Strategic Energy Resources Limited provided an update on exploration at the Canobie Project which forms part of SER's "Isa Undercover Initiative". The Canobie Project covers over 1,800km2 within the Mt Isa Eastern Succession, bounded to the east by the Quamby fault zone /Gidyea Suture Zone. The fault system hosts several significant deposits to the south including the giant Ernest Henry Cu-Au mine and the Mount Margaret, Rocklands and Roseby Cu-Au deposits. INFILL GRAVITY SURVEY COMPLETE: Last month an 823-station ground gravity survey was collected which infilled the northern end of the Canobie Project and an area south of the Lucky Squid gold prospect1. The gravity survey was designed to map the geometry of the dense mafic intrusions in an attempt to identify suitable trap sites for massive sulphide mineralisation. Mafic intrusions with sub-horizontal tube geometries could be zones where magma and sulphides are concentrated, these are termed `chonoliths'. Globally large nickel-copper deposits are known to be hosted within narrow zones (chonoliths) of mafic/ultramafic intrusions. World-class mineral deposits hosted in chonoliths include Noril'sk - Talnakh (Russia), and Nova-Bollinger (Western Australia). GRAVITY MODELLING SUGGESTS FAVOURABLE INTRUSION GEOMETRY: Unconstrained inversion modelling of the gravity data has identified a potential north-south striking intrusion, possibly coring a tight fold adjacent to the major Quamby fault. Within this intrusion there appears to be zones which have sharp steep contacts and appear to be flat lying with potentially an identifiable base. MAGNETIC REMANENCE STUDY IDENTIFIES POTENTIAL MASSIVE SULPHIDES: SER applied magnetic attribute processing to the existing magnetic data to understand the potential sources of the remanent magnetic responses across the Canobie Project. The study involved reprocessing the high quality 100m flight line magnetic survey flown in 2009 at the northern end of the project area. Using this input, different grids of the magnetic data were produced to display the effects of remanent responses, and cluster maps of magnetic and gravity responses were produced to identify distinct remanent vector anomaly targets which could be sourced from a body of massive sulphides. The aim of the magnetic attribute study is to extract the magnetic remanence information from magnetic survey data to map the changes in magnetic properties of rock formations which can naturally occur due to time of emplacement (palaeomagnetism), or alteration. Up to six magnetic attributes can be combined in different ways to produce a pseudo-lithology map that differentiates areas of remanent magnetisation as well as areas of similar magnetisation properties, areas of common magnetic characteristic (pseudo-palaeomagnetic) and areas of similar vector rotations of the Total Magnetic Intensity (TMI) vector. The addition of gravity (density) data to the magnetic attributes can further improve the classification of a pseudo lithology map. Certain minerals have unique magnetic properties which can be potentially identified in the magnetic attribute study such as monoclinic pyrrhotite (Clark et al 20042). Monoclinic pyrrhotite can be common in sulphide mineral deposits. This study has identified clusters of point targets representing potential magnetic remanence which could be sourced from monoclinic pyrrhotite. Magnetic vectors extracted from the TMI of magnetic surveys are capable of discriminating mineralised systems (containing monoclinic pyrrhotite) from barren magnetic features (i.e. magnetite) (Schwarz 19753). This technique has been successfully applied to open file data over existing deposits globally including the Platreef PGE-Ni-Cu resource in the Bushveld Complex of South Africa4. Like all targeting processes, not all anomalies are expected to be directly related to mineralised bodies, only when the anomaly is consistent with other data sets are they deemed high priority targets. COMPELLING NICKEL-COPPER TARGETS IDENTIFIED: The magnetic study identified numerous clusters of vector magnetic anomalies across the northern end of the Canobie Project. Importantly a number of these clusters are coincident with interpreted chonoliths modelled in the gravity data. The magnetic products and gravity response have been clustered into equivalent responses producing a pseudo petrophysical map of the area. The results confirm the complexity of the mafic intrusions at Tea Tree, which SER is continuing to interpret in both 2D and 3D to refine the intrusion geometry mapping. SER has identified targets that have a distinctive magnetic response which could be formed from monoclinic pyrrhotite and occupy interpreted chonoliths associated with an ultramafic/mafic intrusion. Previous drilling within the broader intrusion has demonstrated numerous criteria required for the formation of a massive sulphide system including assimilation of graphitic metasediments (metal and sulphur source), reaching sulphur saturation (mobile sulphides) and formation of semi massive sulphide basal layers (sulphur settling). Duyuru • Sep 07
Strategic Energy Resources Limited, Annual General Meeting, Nov 16, 2022 Strategic Energy Resources Limited, Annual General Meeting, Nov 16, 2022. Duyuru • Sep 02
Strategic Energy Resources Limited Commences Survey over Northern Section of Canobie Domain in Northwest Queensland Strategic Energy Resources Limited announced that a detailed ground gravity survey has commenced over the northern section of the Canobie Domain in northwest Queensland. SER's Canobie Project comprises eight exploration licences covering over 1,800km within the Mt Isa Eastern Succession, bounded to the east by the Quamby fault/Gidyea Suture Zone. The Eastern Succession hosts several significant deposits to the south including Evolution Mining's Ernest Henry Copper-Gold mine. In December 2021, SER drilling intersected wide intervals of ultramafics with disseminated sulphides, plus narrow nickel-bearing semi massive sulphides at the Kalarka Prospect within the Canobie Project. This demonstrated the potential for Canobie to host significant Ni-Cu sulphide mineralisation. Sulphide mineralisation is potentially located within confined zones within the host intrusion known as "chonoliths". Existing gravity data maps the geometry of mafic intrusion (density highs) which extends to the north and south. The current gravity survey covers the northern end of the intrusion, increasing the resolution of gravity data from 2km spacing to 1km x 500m with zones of 250m infill over key targets, as well as infilling to the south. The increased resolution will allow detailed mapping of the intrusion geometry to identify the zones favourable for nickel-copper sulphides. The survey is set to be completed in early September, with results released as part of the review of the Canobie Ni-Cu Project. Duyuru • Aug 11
Strategic Energy Resources Limited announced that it expects to receive AUD 0.5 million in funding Strategic Energy Resources Limited announced a private placement of 2,941,176.470588 common shares at a price of AUD 0.17 per share for minimum gross proceeds of AUD 500,000 on August 11, 2022. The transaction will include participation from directors and major shareholders of the company. Duyuru • Jun 23
Strategic Energy Resources Limited Announces Geochemical Soil Survey Confirms Achilles 1 as A Compelling Drill Target Strategic Energy Resources Limited announced the results of a recent Ultrafine+TM soil geochemistry survey covering the Achilles 1 Prospect at 100% owned South Cobar project (EL9012) in NSW. EL9012 lies along the eastern margin of the Siluro-Devonian Rast Trough at the southern end of the Cobar Basin. The tenement captures the northern and southern extensions of the Woorara fault along strike from Eastern Metals' Brown's Reef polymetallic deposit. The Achilles 1 Prospect lies along the Achilles shear zone, which hosts Australian Gold and Copper's Achilles 2 & 3 Prospects. In preparation for the upcoming drill program to test the Achilles 1 Prospect, a 250-sample soil geochemical survey was conducted over a 4km by 4km area surrounding the Achilles 1 Prospect on a 400m (N-S) by 200m (E-W) grid. The survey was designed to provide a more regional context for the previous closed-spaced soil sampling undertaken by Santa Fe Mining in 1996 and 1997. This past program returned strongly anomalous copper, lead and zinc, and elevated gold, molybdenum and arsenic results coincident with mapped N-S strikingzones of strong silicification but was limited to the Achilles 1 Prospect only. The collected soil samples were analysed for 52 major and trace elements, including gold and base metals, by LabWest Minerals Analysis in Perth using the proprietary Ultrafine+TM methodology developed by the CSIRO. The Ultrafine+TM methodology separates and analyses the <2µm size fraction from the soil. This delivers reduced absolute values when compared to traditional soil geochemistry, but provides a higher signal to noise ratio and reduces the nugget effect for elements such as gold. The result of this methodology is a consistent dataset that is amenable to statistical analysis. SER is a sponsor of the CSIRO-led Ultrafine+TM Next Gen Analytics research project and was therefore able to access CSIRO's latest advanced technologies and research capabilities to assist with the interpretation of the results of the soil survey. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Anthony McIntosh was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Dec 21
Strategic Energy Resources Limited Announces Assays Confirm Nickel Sulphide Mineralisation At Kalarka Strategic Energy Resources Limited announced drilling results from the recent two-hole 1574m diamond drilling program at the Kalarka Prospect within the Canobie Project, Northwest Queensland. Both holes intersected thick intervals of nickel-elevated ultramafic rock with semi massive sulphide zones. Drill holes were collared 535m apart; best intersections included: CNDD001A: 132m of disseminated Ni-Cu sulphides within ultramafic @ 0.1% Ni from 507m including 2m @ 0.68% Ni, 0.17% Cu (from 635m); CNDD002: 43m of disseminated Ni-Cu sulphides within ultramafic @ 0.1% Ni from 615m and 0.6m @ 0.96% Ni, 0.11% Cu (from 661.6m). Of particular significance are multiple narrow semi massive intervals with elevated nickel returning grades including: CNDD001A: 2m @ 0.68% Ni, 0.17% Cu, 552ppm Co (from 635m), and CNDD002: 0.6m @ 0.96% Ni, 0.11% Cu, 744ppm Co (from 661.6m). The two drill holes were designed to test a discrete 750 x 600m, 40nT aeromagnetic response characterised by an elevated Electromagnetic (EM) response and partially coincident anomalously higher density. Previous drill results at the nearby Tea Tree Nickel-Copper Sulphide Prospect (Fig. 2) recorded a 10.4m intersection at 0.25% Nickel and 0.28% Copper in drill hole TT00D11, located approximately 2.75km southeast of Kalarka. The results from these two Kalarka holes particularly the thick sequence of ultramafic rocks is an advancement to the previously known prospectivity of Tea Tree. SER is highly encouraged by the significant intervals of ultramafic rocks coupled with an increase in nickel grade over a greater length within the sulphide zone which demonstrates, at a local scale, the potential for accumulations of nickel sulphides to occur within a sulphur saturated magmatic system. This advances the potential of the region to host significant Ni + Cu sulphide mineralisation as broad zones of thick nickel and copper-bearing disseminated sulphides can be associated with more massive accumulations, as demonstrated between Western and Eastern Deeps systems at Voisey's Bay (Labrador, Canada) and within the Nebo-Babel deposit (West Musgraves Ranges, W.A.). Duyuru • Oct 02
Strategic Energy Resources Completes Drilling at the Cottage Iron Oxide Copper-Gold Prospect at its East Tennant Project and the Drill Rig en route to Canobie Project in Queensland Strategic Energy Resources announced that drilling has completed at the Cottage Iron Oxide Copper-Gold (IOCG) Prospect at its East Tennant Project and the drill rig is en route to Canobie Project in Queensland. SER completed a single inclined diamond drill hole (BKDD001) designed to test a pipe like feature evidenced in gravity modelling at the Cottage Prospect. Drill hole BKDD001 was drilled towards 180° with an inclination of 75°. Basement rocks were intersected from 204.3m with end of hole at 690.4m. Diamond core will be orientated, geologically logged, structurally logged and have petrophysical measurements taken. The basement core will be sampled and assayed with fire assay for gold and four-acid digest /inductively coupled plasma mass spectrometry and atomic emission spectroscopy for a full suite of elements. Assays are expected to start arriving mid-November. Initial on-site logging of core suggests drilling has not intersected a major mineralising system and the geological source of the gravity and magnetic anomalies have not been identified. However, further analysis and geochemical data is needed to determine if it is on the periphery of such a system. Given this, SER has postponed the proposed second hole at Cottage until it has reviewed all data collected to understand and refine its exploration model. This will also allow the drill rig to reach SER's Canobie Project in northwest Queensland to test the base metal target `Kalarka' before the onset of the wet season. The diamond drill rig is now on the way to SER's Canobie Project in northwest Queensland to commence drilling at the Kalarka base metals target. The Kalarka target is a discrete 750 x 600m, 40nT aeromagnetic response characterised by an elevated Electromagnetic (EM) response and partially coincident anomalously higher density. SER has modelled a steep westerly dipping plate as the source of the EM response, which will be tested in the upcoming drill program. The target is interpreted to lie within a NNW orientated, 20 x 4km sub-basin defined by a structurally controlled region of low magnetic response, rimmed by a conductive zone and evident in an historical seismic line that crosses the tenement. The drilling at Kalarka is co-funded through the Queensland Government Collaboration Exploration Initiative. A detailed ground gravity survey has been completed this month over priority targets at the southern end of the Canobie Project. The survey collected over 730 gravity stations at 500m and 250m spacings. The data is now being incorporated into existing datasets which will be used to model targets and design a drill program. Additionally, the Canobie Airborne Gravity survey, an initiative of the Queensland Government's New Economy Minerals Initiative is set to begin this quarter. This survey will be flown at 100m height with 1km spaced flight lines over an area of 5,000km2, covering nearly all of SER's Canobie Project. Duyuru • Sep 15
Strategic Energy Resources Commences Drilling at East Tennant Copper-Gold Project Strategic Energy Resources Limited announced that drilling has commenced at the Cottage Iron Oxide Copper-Gold (IOCG) Prospect at the East Tennant copper-gold project. SER will be drilling two inclined diamond drill holes. Drilling of hole BKDD001 has commenced and is designed to test the source of the pipe like feature evidenced in the gravity modelling, while the second hole is designed to test through the gravity feature and into the magnetic anomaly at depth. Drilling of both holes is expected to be completed early October with lab assays to follow. This drilling program was awarded co-funding from the Northern Territory Government under the Resourcing the Territory initiative. Duyuru • Sep 08
Strategic Energy Resources Limited announced that it expects to receive AUD 1.32 million in funding Strategic Energy Resources Limited announced a private placement of 30,000,000 fully paid ordinary shares at a price of AUD $0.044 per share for gross proceeds of AUD 1,320,000 on September 8, 2021. The transaction will include participation from 50 new and existing investors. The shares will be issued within the company’s existing 15% placement capacity under ASX Listing Rule 7.1 on or around Tuesday, 14 September 2021. Duyuru • Sep 06
Strategic Energy Resources Limited announced that it expects to receive AUD 0.88 million in funding Strategic Energy Resources Limited announced private placement of 20,000,000 shares at a price of AUD 0.044 per share for gross proceeds of AUD 880,000 on September 6, 2021. The transaction will include participation from new and existing sophisticated and institutional investors including clients of Fresh Equities Pty. Ltd. and directors. Duyuru • Aug 25
Strategic Energy Resources Limited Provides an Update on Exploration Drilling Set to Commence Imminently Across Greenfield Copper-Gold Projects in Australia Strategic Energy Resources Limited provided an update on exploration drilling set to commence imminently across its greenfield copper-gold projects in Australia. Preparation activity in the first half of this year has laid the foundation for the next six months of intense on-ground exploration as SER delivers on its strategy of frontier exploration for greenfields copper-gold discovery. East Tennant Copper-Gold Project: In June this year, SER was awarded a Northern Territory Government co-funding grant to drill two 650m diamond drill holes into a compelling Copper-Gold target at East Tennant project. The Company has since secured a diamond drill rig, completed Native Title clearance and received necessary approvals to enable drilling to commence in early September. SER's Exploration Manager successfully received the necessary exemption to travel to the Northern Territory and is now in quarantine before heading to site. The drill target, "Cottage", located on EL32617, was selected following the identification of a regionally significant gravity and magnetic feature during extensive review of the emerging East Tennant Iron Oxide Copper-Gold (IOCG) province. The prospectivity of the region has since been confirmed by results from the MinEx CRC National Drilling Initiative campaign earlier this year. A detailed ground gravity survey conducted by SER followed by subsequent processing and modelling of the gravity and magnetic data has identified an 8 x 5km body with an amplitude of +5mGal on the ground and 150nT in the air into which SER will drill the two diamond drill holes. Canobie Drill Campaign Next: The Canobie project consists of seven exploration licences (1640km2) that encompasses an entire belt of the northern Mt Isa Eastern Succession and forms part of SER's broader Isa Undercover Initiative. In July this year, SER was awarded a Queensland Government Collaboration Exploration Incentive (CEI) grant of $100,000 in direct drilling costs for one 800m rotary mud/diamond drill hole into a newly identified base metal target, `Kalarka' within the Canobie project. SER intends to complete drill testing at its East Tennant project and remobilise the same drill rig directly to Canobie to undertake the drilling with all necessary approvals already obtained. The Kalarka target is a discrete 750 x 600m, 40nT aeromagnetic response characterised by an elevated Electromagnetic (EM) response and partially coincident anomalously higher density. SER has modelled a steep westerly dipping plate as the source of the EM response, which will be tested in the upcoming drilling. The target is interpreted to lie within a NNW orientated, ~20 x 4km sub-basin defined by a structurally controlled region of low magnetic response, rimmed by a conductive zone and evident in an historical seismic line that crosses the tenement. Machine Learning Project set to Commence: As part of an ongoing partnership with award-winning mineral exploration machine learning pioneers Caldera Analytics, a joint CEI submission to develop a deep learning-based model to interpret basement geology from geophysical data was awarded a $65,000 grant2. The project is set to begin in September this year and will develop a deep learning model that performs lithology interpretation based on the existing geophysics of the entire Isa Undercover Initiative, ultimately to further advance the concept of "live geological interpretation", one that is not static, but rather one that adapts and changes as more data is acquired. Outcomes from the project will used to refine SER drill testing methodology over the region. South Cobar airborne magnetic and radiometric survey complete: This month Thomson Airborne completed an airborne magnetic and radiometric survey over the entire of SER's South Cobar project (EL9012). The survey utilised a fixed-wing single engine Cessna 210 to fly 100m spaced East/West orientated lines with more detailed infill lines across a northern area, which included Achilles 1 and a central region which covers the Mount Bowen, Ural Mine and Tooronga East prospects. Data interpretation is underway along with the negotiation of access agreements with landholders. SER will commence on-ground activities on EL9012, which will include a program of drilling at Achilles 1 in the coming year. Executive Departure • Jul 13
Company Secretary Melanie Jaye Leydin has left the company On the 1st of July, Melanie Jaye Leydin's tenure as Company Secretary ended after 12.6 years in the role. We don't have any record of a personal shareholding under Melanie Jaye's name. A total of 2 executives have left over the last 12 months. Duyuru • Jun 16
Strategic Energy Resources Announces Exploration Update from South Cobar Polymetallic Project Strategic Energy Resources announced an update on exploration activities covering 100% owned EL9012 South Cobar in NSW. The tenement lies along the eastern margin of the Siluro-Devonian Rast Trough at the southern end of the Cobar Basin. The Cobar region has once again become a focus for exploration following multiple new discoveries such as the Aurelia Metals Ltd. Federation deposit (3.5 Mt at 5.5% Pb, 9.8% Zn, 1.4g/t Au, 7g/t Ag and 0.3% Cu) 1, and the vast array of highly sought- after precompetitive data released by the NSW Government as part of their MinEx CRC program. SER successful received Ministerial consent to apply for EL9012 within the South Cobar Mineral Allocation Area in December 2019 during the first Expressions of Interest period. EL9012 is in the proximity of the existing undeveloped volcanic-hosted massive sulfide (VHMS) mineralisation at Brown's Reef (Pb-Zn-Cu- Ag-Au); and covers a number of underexplored structural corridors and historical mineral occurrences in a fertile stratigraphic sequence of the Cobar Supergroup. Sedimentary cover within EL9012 is generally thin, with significant areas of basement outcrop. Basement lithologies are dominated by the early Devonian submarine, felsic lava-sill complexes of the Ural Volcanics, which have largely been untested for VHMS mineralisation. The underlying late Silurian Preston Formation, which hosts VHMS mineralisation at Brown's Reef, does not outcrop within the exploration licence, however there are indications from previous exploration that packages of this unit occur along the Woorara Fault which cuts the east of the tenement. Furthermore, the exploration area is intersected by a number of structural corridors, which have potential to host Cobar-style Cu-Au and Pb-Zn-Ag mineralisation. In the period since grant in November 2020, SER has undertaken a detailed technical review of historical exploration and geophysical datasets covering EL9012, along with recently completed Geological Survey of NSW (GSNSW) HyLoggerTM spectral scanning of two historical diamond holes from the Achilles 1 prospect. Eight targets have been identified, which are shown on Figure 2 and summarised in Table 1. The targets include a drill-ready target at Achilles 1, which is described in detail in a later section of this announcement. Exposed basement at Achilles 1 comprises sheared, argillically-altered sediments and tuffs that contain a number of shear-parallel lenses of strong silicification and quartz veining. Grid based soil sampling undertaken by Santa Fe Mining (SFM) in 1996 and 1997 defined strong copper (up to 169ppm), lead (to 810ppm) and zinc (to 1680ppm) with lesser gold (to 15ppb), molybdenum (to 23ppm) and arsenic (to 150ppm) anomalies coincident with mapped ~N-S striking zones of strong silicification. A program of rotary air blast drilling undertaken at Achilles 1 in 1998 by Savage Australian Exploration under a joint venture agreement with SFM also returned anomalous base metal values of up to 410ppm Cu, 2050ppm Pb and 818ppm Zn. In 2005, Western Plains Gold (WPG) drilled two diamond drillholes at Achilles 1, designed to test two of the soil anomalies identified by SFM. Hole DDH-A1-1 was abandoned due to caving at 184.1m, failing to reach its target depth of 250m. The hole intersected significant metamorphic recrystallisation and silicification related to shearing, but no evidence of base metal mineralisation. DDH-A1-2 was successfully completed to 300.4m and intersected a broad zone of intense hydrothermal alteration, with blebs of chalcopyrite and minor chalcocite. The hole returned a peak value of 0.33% Cu from 90m to 92m, within a 64m zone averaging 0.10% Cu, from 76m to 140m. SER analysis of recently completed HyLoggingTM of these two diamond holes by the GSNSW reveals mineralogical changes
that are typical for Cobar-style Cu-Au mineral systems, including replacement of phengite by muscovite, replacement of Mg-chlorite by Fe-chlorite and destruction of potassium feldspar. These trends, coupled with the low-grade copper mineralisation in DDH-A1-2, suggest that the two drillholes represent near misses. WPG also collected detailed ground magnetics over a 1500 x 500m area at Achilles 1. SER has replotted this dataset and identified a NE-striking magnetic high that is coincident with anomalous copper in soils. The projection of this feature to the northeast is also coincident with anomalous RAB copper results and an apparent steeply E-dipping conductor
on Line 1025 of the GSNSW-Geoscience Australia Cobar airborne electromagnetic (AEM) survey, that was released in late 2020. Duyuru • May 05
Strategic Energy Resources Limited (ASX:SER) agreed to acquire Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining Limited (ASX:NCM). Strategic Energy Resources Limited (ASX:SER) agreed to acquire Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining Limited (ASX:NCM) on May 4, 2021. Upon completion SER will commence land access negotiations. Newcrest will retain a First Right of Refusal to any future transaction on these licenses. Newcrest will receive 1% Net Smelter Royalty (NSR) capped at 10 years of production and access to technical data. Duyuru • Mar 06
Strategic Energy Resources Limited Announces Exploration Update for East Tennant Copper-Gold Project Strategic Energy Resources Limited provide an update regarding East Tennant Iron Oxide Copper-Gold (IOCG) project in the Northern Territory. The first data from the Mineral Exploration Cooperative Research Centre (MinEx CRC) National Drilling Initiative (NDI) campaign east of Tennant Creek has been released. The data provides new insight into the mineral potential of a previously underexplored region of northern Australia. The drill holes were designed to test the potential of basement rocks in the `East Tennant' area to host gold- and copper-rich mineral deposits similar to those in the Tennant Creek mineral field. The basement rocks intersected by drilling include felsic intrusive and extrusive rocks, deformed siliciclastic and carbonate metasedimentary rocks and a previously unidentified basin containing coarse clastic sedimentary rocks. The metasedimentary rocks are comparable to the Paleoproterozoic Warramunga Formation, which hosts mineralisation in the Tennant Creek field, and contain mineralogical and geochemical evidence of comparable mineral systems. The preliminary data release includes core and chip photography, geological logs, portable XRF and Minalyzer geochemistry, HyLogger spectral data and multi-tool wireline geophysics from the 4000m of drilling completed during the East Tennant program. The data can be accessed through the Exploring for the Future Data Discovery Portal and the MinEx CRC NDI Portal. SER has immediately commenced analysis of the new data. MinEx CRC and collaborators at Geoscience Australia and the Northern Territory Geological Survey will conduct in-depth analyses of the drill samples in 2021 (including petrology, geochronology, thermochronology isotope systematics) to provide a detailed understanding of the East Tennant geology and its potential to host mineral deposits. Following a detailed geophysical review of the entire East Tennant IOCG Province late last year, SER pegged a fourth exploration licence (EL32617). A detailed ground gravity survey over EL32617
has now been completed. The new gravity data will be merged with existing data then inversions run to map the depth, size and geometry of targets. SER is encouraged by the size (5km+) and intensity of the main gravity anomaly (up to 5mGal). 3D inversion modelling of the new data is underway. Magnetic and gravity inversions have already been completed over targets within EL32109 and EL32306. Results will inform SER's maiden drill campaign set to occur mid-year. Drilling approvals have been submitted, Native Title clearances scheduled and land access negotiations underway. Newcrest Mining has pegged an additional seven exploration licence applications
(1811km2) across the East Tennant region adding to their existing six granted tenements (2728km2). The new Newcrest ground adjacent to SER's EL32617 was pegged shortly after SER. Duyuru • Jan 26
Strategic Energy Resources Limited announced that it expects to receive AUD 1.720022 million in funding Strategic Energy Resources Limited (ASX:SER) announced a private placement of 40,000,052 common shares at a price of AUD 0.043 per share for gross proceeds of AUD 1,7200,022 on January 25, 2021. The transaction will include participation from new professional, sophisticated and institutional investors as well as qualifying existing shareholders including directors of the company subject to shareholders approval. The transaction expected to close on February 2, 2021. Duyuru • Jan 12
Strategic Energy Resources Limited Announces Exploration Update - East Tennant Copper-Gold Project Strategic Energy Resources (SER) provided an update on exploration at East Tennant Iron Oxide Copper-Gold (IOCG) project in the Northern Territory. Following extensive and detailed ground gravity survey, SER engaged expert geophysical consultancy Arrow Geosciences to process all available geophysical data and, together with SER, interpret the results and generate targets. Arrow Geosciences is led by former Chief Geophysicist for Rio Tinto, Theo Aravanis. The company have identified nine compelling IOCG targets at East Tennant. Four within SER's EL32109, three within SER's EL32306 and two in open ground which SER has now pegged. None of the targets have ever been drill tested. Neighbouring Explorers in the East Tennant IOCG Province have recently started to uncover secondary copper mineralisation in cover sequences during early reconnaissance exploration 1 providing further evidence of the prospectivity of the region. SER's initial nine targets will be modelled to estimate their depth and understand the underlying geology related to their geophysical expression. Any further geophysical work required to advance the targets (for example, detailed ground magnetics and/or electrical geophysics) will be designed and initiated. Final targets will be ranked and prepared for drill testing. New tenement application ELA32617 covers 284km2 to the north of EL32109 and captures regionally significant and untested coincident magnetic and gravity anomalies. Existing gravity data covering ELA32617 is too sparse to model the predicted depth to target and infill gravity will be collected in early 2021. Gravity is a pivotal dataset to target IOCGs as they involve the introduction of iron-rich fluid into a host rock which increases the density. On 17 December 2020, the Mineral Exploration Cooperative Research Centre (MinEx CRC, SER is an Affiliate member) announced the completion of the 10 hole, 4000m National Drilling Initiative (NDI) regional stratigraphic drilling campaign in the East Tenant region. The aim of the drilling is to assess the mineral potential of basement rocks and the results (expected this quarter) are eagerly awaited by SER and many other explorers. At this stage, the company know the drilling program uncovered a range of igneous and metasedimentary rocks with prospective basement typically concealed beneath less than 200m of Georgina Basin sediments and less than 30m of Cambrian basalt. Drill core is now undergoing a range of detailed analyses for comprehensive characterisation. Once available, SER will use the drilling results to refine understanding of the relationship between geophysical expression and underlying geology in the region. This will also include depth to basement, depth to targets and vectors to mineralising systems. Duyuru • Nov 29
Strategic Energy Resources Announces Saxby Drilling Results Strategic Energy Resources (SER) has received assays from diamond drill holes SXDD021 and SXDD022 at the Saxby Gold Project in northwest Queensland. The results are below expectations with best intercept of 1m at 8.37g/t Au from 650m in SXDD022. The prospect is not of sufficient scale to be economic given the depth of cover. However, the presence of significant high-grade gold intercepts associated with Iron Oxide Copper Gold (IOCG) style hydrothermal alteration and Williams and Naraku Batholiths confirm the fertility of the region. Drill hole SXDD021 was drilled toward the east collared on a bearing of 090° with an inclination of 70°. Rotary-mud drilling was used in the cover sequence until basement was intersected at 443m where the hole was cased-off for diamond drilling until end of hole at 856.4m. Hole deviation was minimal and within anticipated ranges. SXDD021 tested the interpreted southern strike extension of mineralisation, 100m south of the high-grade gold intercept in SXDD014. The hole intersected graphitic metasediments, mafics and intermediate to felsic lithologies with minor sulphide (pyrite ± pyrrhotite) bearing veining. No significant gold intercepts were recorded. Drill hole SXDD022 was collared on a bearing of 085° with an inclination of 70°. Basement was intersected at 442m and end of hole reached at 792.8m. Hole deviation was minimal. SXDD022 tested the interpreted northern strike extension of mineralisation, 75m north of the high-grade gold intercept in SXDD005. The hole intersected moderate to intense pyrrhotite ± pyrite veining from top of basement (440m) until 679m, overprinting a package of graphitic metasediments, mafics and intermediate to felsic lithologies. The sulphide bearing veins are commonly mm to 5cm in scale and associated with chlorite ± carbonate ± quartz ± magnetite, with pervasive albite and potassic alteration. The veining was observed to be both steeply and shallowly dipping. Gold intercepts are detailed in Table 1. The 1m at 8.37 g/t Au from 650m is an intensely veined and altered interval with pyrite + carbonate veining and elevated Ag, Bi, Te and W. The drilling results are below expectations and have failed to extend the strike length of existing high-grade gold mineralisation at Saxby. Given the depth of cover at Saxby of 400m, the prospect is unlikely to be of sufficient scale to justify economic extraction. SER will fully assess the information gained from this drilling campaign to advance its understanding of the mineralisation system at Saxby and implications for the broader region. Although this drilling campaign has shown the Saxby prospect is likely sub-economic, SER is convinced the broader district represents an extension of the Cloncurry IOCG province. Less than 30 drillholes in the entire district have penetrated Proterozoic basement and these include multiple high-grade gold hits, significant Ni-Cu sulphide intercepts and numerous intersections of copper and uranium mineralisation within intensely altered rocks in isolated drillholes that have never been followed up. This extraordinary strike rate from a limited number of holes has led SER to peg 1,640km2 of tenure to secure the entire belt. SER is nearing completion of a comprehensive regional geophysical review with a view to commencing district-scale geophysical data collection and target generation. Duyuru • Oct 12
Strategic Energy Resources Completes First Two Diamond Drill Holes of the Saxby Gold Drilling Campaign in Northwest Queensland Strategic Energy Resources announced that the first two diamond drill holes of the Saxby Gold drilling campaign in northwest Queensland have been completed. Both holes were completed on schedule, did not deviate significantly in azimuth or inclination and hit their respective target areas. The rig has moved a further 200m north along strike and commenced drilling on the third hole. Drilling at Saxby is targeting strike extensions of the key controlling structure for the brittle extensional veins that host gold mineralisation: a steeply dipping NNE-trending fault. Drill hole SXDD021 was drilled toward the east collared on a bearing of 090° with an inclination of 70°. Rotary-mud drilling was used in the cover sequence until basement was intersected at 443m where the hole was cased-off for diamond drilling until end of hole at 856.4m. Hole deviation was minimal and within anticipated ranges. Drill hole SXDD022 was collared on a bearing of 085° with an inclination of 70°. Basement was intersected at 442m and end of hole reached at 792.8m. Hole deviation was minimal and within anticipated ranges. Diamond core will be orientated, geologically logged, structurally logged and have petrophysical measurements taken. The entire drill core will be sampled and assayed with fire assay for gold and four-acid digest /inductively coupled plasma mass spectrometry and atomic emission spectroscopy for a full suite of elements. Assays are expected to start arriving in mid-November. Duyuru • Oct 08
Strategic Energy Resources Limited Announces Board Changes Strategic Energy Resources Limited announced that Mr. Harvey Kaplan has tendered his resignation and has been replaced by Mr. Anthony McIntosh as a Non-Executive Director. Mr. McIntosh brings investor relations, marketing and strategic planning skills, as well as a strong network of stockbroker and fund manager supporters. Mr. McIntosh will replace Non-Executive Director Mr. Harvey Kaplan who has served SER with distinction over the last three years. Date of appointment for Anthony McIntosh is October 7, 2020. Duyuru • Sep 17
Strategic Energy Resources Provides an Update on Drilling Campaigns Related to Its Saxby Gold and East Tennant Copper-Gold Projects Strategic Energy Resources (SER) provided an update on drilling campaigns related to its Saxby Gold and East Tennant Copper-Gold projects. At SER's Saxby Gold Project in northwest Queensland, the diamond drill rig has arrived at site and preparations are well advanced with drilling expected to commence this week. At East Tennant, the first Mineral Exploration Cooperative Research Centre (MinEx CRC) National Drilling Initiative (NDI) campaign, a collaboration between MinEx CRC (of which SER is an Affiliate member), Geoscience Australia and the Northern Territory Geological Survey commenced on 16 September 2020 in the East Tennant and South Nicholson areas of the Northern Territory.
Drilling will occur in close proximity to SER's existing tenements. Once publicly released, the data will be critical to understanding the geology of the province. Duyuru • Aug 25
Strategic Energy Resources Limited Auditor Raises 'Going Concern' Doubt Strategic Energy Resources Limited filed its Annual on Aug 18, 2020 for the period ending Jun 30, 2020. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 