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Superior Resources Limited ( (AU:SPQ) ) has issued an update.
Superior Resources Limited is advancing its Steam Engine Gold Project with a focus on regulatory and mining study pathways to achieve early gold production within two years. The company reported assay results from 31 RC holes and identified new zones of gold mineralization, while also progressing a feasibility study. Additionally, the company received a $300,000 grant for drilling at the Bottletree Copper Prospect and is nearing completion of a JORC Mineral Resource Estimate for the Cockie Creek Porphyry Cu-Au-Mo Prospect. These developments indicate significant progress in the company’s exploration activities, potentially enhancing its market position and offering promising opportunities for stakeholders.
More about Superior Resources Limited
Superior Resources Limited is a Brisbane-based ASX-listed mineral explorer with a diverse portfolio of large copper exploration projects, including nickel-cobalt projects in northern Queensland. The company is also engaged in exploring Mount Isa style copper and lead-zinc-silver deposits, uranium deposits in northwestern Queensland, and VMS and porphyry style copper-gold-silver-molybdenum deposits in northeast Queensland.
Technical Sentiment Signal: Buy
Current Market Cap: €6.69M
See more data about SPQ stock on TipRanks’ Stock Analysis page.