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Superior Resources Limited ( (AU:SPQ) ) has issued an announcement.
Superior Resources Limited reported a loss of $785,985 for the year ending June 2025, as it continued its exploration efforts in northern Queensland. The company completed a Scoping Study for the Steam Engine Gold Project, which indicated strong economic potential for both toll treatment and standalone processing operations. A Feasibility Study and further drilling are underway, with new zones of gold mineralization identified. Regulatory and mining study pathways are being expedited to achieve gold production within two years, and a mining lease application is in preparation.
More about Superior Resources Limited
Superior Resources Limited is engaged in the exploration and evaluation of mineral deposits, focusing primarily on gold and copper-gold deposits in northern Queensland, Australia. The company is actively involved in the development of the Steam Engine Gold Deposit and exploration for magmatic nickel sulphide deposits.
Technical Sentiment Signal: Sell
Current Market Cap: A$16.6M
See more data about SPQ stock on TipRanks’ Stock Analysis page.