Strategic Energy Resources (ASX: $SER) June 2024 Quarterly Activities Report

Strategic Energy Resources (ASX: $SER) has submitted a drilling permit for the Achilles 1 Polymetallic Prospect at the South Cobar Project in New South Wales. The company also has a gravity survey underway at the Canobie Farm-in Joint Venture in Queensland and geophysical surveys at the Mundi Project in New South Wales. Additionally, an oversubscribed capital raise was completed, raising $2 million.

Executive Commentary on Recent Activities

The drilling permit submission for the Achilles 1 Polymetallic Prospect marks a significant step forward for our South Cobar Project. We are encouraged by the recent outstanding polymetallic drill results from a nearby explorer, demonstrating the fertility of the Achilles Shear Zone. The gravity survey at the Canobie Farm-in Joint Venture, funded by Fortescue, is progressing well and will assist in drill targeting. The geophysical surveys at the Mundi Project are aimed at refining the location of intense conductive anomalies and modeling the highly conductive body at depth. We are pleased with the completion of the oversubscribed capital raise, which reflects investor confidence in our projects and will support our ongoing exploration efforts.

Summary of ASX Announcement

Strategic Energy Resources (ASX: $SER) has made significant progress in its June 2024 Quarterly Activities Report. The company has submitted a drilling permit for the Achilles 1 Polymetallic Prospect at the South Cobar Project, where recent outstanding polymetallic drill results from a nearby explorer have demonstrated the fertility of the Achilles Shear Zone. Additionally, a gravity survey is underway at the Canobie Farm-in Joint Venture, funded by Fortescue, to assist with drill targeting, and geophysical surveys are being conducted at the Mundi Project to refine the location of intense conductive anomalies. The completion of an oversubscribed capital raise, raising $2 million, reflects investor confidence in the company's projects and will support ongoing exploration efforts. The company's commitment to ongoing research and development is evident through its sponsorship of an industry PhD project and the deployment of passive seismic sensors and an Airborne Magnetic and Radiometric survey at the Mundi Project. With these developments, Strategic Energy Resources is well-positioned to advance its exploration activities and achieve its strategic objectives.