Superior Resources Unveils High-Grade Gold Discovery at Steam Engine Project

An announcement from Superior Resources Limited ( (AU:SPQ) ) is now available.

Superior Resources Limited has announced promising results from its 2024 drilling program at the Steam Engine Gold Project, revealing a high-grade gold lode at the Windmill East prospect. The assays indicate strong mineralization, with significant extensions of the Steam Engine and Eastern Ridge lodes. The company is updating its Mineral Resource and revising its financial model to reflect a higher gold price, anticipating substantial project growth and improved metrics. These developments are expected to enhance the company’s operational readiness and project potential, with further exploration and feasibility studies underway.

More about Superior Resources Limited

Superior Resources Limited is a mining company focused on exploring and developing gold and copper projects. The company operates the Steam Engine Gold Project, which is part of its Greenvale Project in northeast Queensland, known for its potential porphyry Cu-Au-Mo prospects and magmatic Ni-Cu-PGE sulphide province.

Technical Sentiment Signal: Buy

Current Market Cap: €5.9M

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