S2 Resources Ltd has released an update on its exploration activities at Fosterville, Glenlogan, and Warraweena. At Fosterville, early assays from a series of reconnaissance aircore drill traverses have confirmed the presence of an anomalous zone in gold, arsenic, and antimony. Notably, one drill hole intercepted 3 metres averaging 0.78 g/t gold from just 9 metres downhole within a broader 18‐metre intersection. This target, which aligns with an induced polarisation chargeability anomaly and the known Fosterville fault system, has significant follow‐up potential. With only one historic reverse circulation hole drilled along this trend – located 1.6 kilometres to the north – further aircore and deeper reverse circulation drilling are planned to better delineate the strike extent and test the source of the chargeability response. At the Glenlogan project, the company completed its second diamond drill hole, SGLD0002, which reached a depth of 798.3 metres. The hole encountered the Ordovician–Silurian unconformity before passing into porphyry intrusives that exhibit red rock and chlorite-epidote alteration. Although the geological signature is consistent with that expected in porphyry-style copper–gold mineralisation, no significant sulphides have been noted to account for the associated IP chargeability anomaly. Selected samples from this hole are awaiting assay results, which will guide the next steps in the exploration program. Additionally, in the Warraweena region, access agreements have been finalized for selected targets, and drill permitting is underway in anticipation of upcoming drill tests. The programs across these projects demonstrate the company’s methodical approach using modern geophysical surveys and drilling techniques to identify prospective mineralisation zones. The recent activities present a mix of promising prospects and challenges. On the bullish side, the discovery of strong geochemical anomalies at Fosterville along a recognized mineralised trend – with similarities to established mining areas – could signify the potential to expand known mineralisation. Upcoming drill programs and the integration of advanced geophysical data may provide a pathway to uncovering new resources, potentially boosting investor confidence. On the bearish side, the Glenlogan drill hole did not reveal the sulphide concentrations typically expected to explain the IP anomalies, leaving uncertainty about the economic viability of the target. Moreover, the continued reliance on pending assay results and the regulatory processes at Warraweena may delay any near-term production milestones. Overall, the company’s exploration update illustrates a cautious yet progressive strategy, balancing encouraging early results against the inherent risks of early-stage exploration.