Superior Resources Limited (AU:SPQ) has released an update.
Superior Resources Limited has announced the launch of its 2024 drilling program at the Steam Engine Gold Project aimed at expanding the resource base, establishing a maiden Ore Reserve, and exploring new high-grade targets. With the potential for significant discoveries, the company is revising its 2021 Scoping Study to reflect the current higher gold prices and is advancing towards early revenue generation from its unique gold deposit. The project, part of the company’s wholly-owned Greenvale Project in northeast Queensland, lies in proximity to major prospects and a Ni-Cu-PGE province, indicating a promising future for further resource expansion.
For further insights into AU:SPQ stock, check out TipRanks’ Stock Analysis page.
