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Superior Resources Limited ( (AU:SPQ) ) has issued an announcement.
Superior Resources Limited has released an updated Mineral Resource Estimate for its Steam Engine Gold Project, highlighting significant growth potential with a 10 km strike. The update includes a higher tonnage owner-operated processing plant scenario and a high-grade toll treatment scenario, indicating substantial resource expansion opportunities. The company plans to accelerate development planning and further drilling to capitalize on the strong gold prices and robust returns indicated by previous studies, potentially enhancing its industry positioning and stakeholder value.
More about Superior Resources Limited
Superior Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary product is gold, with a significant market focus on expanding its resource base through strategic drilling and resource estimation updates.
YTD Price Performance: -16.67%
Average Trading Volume: 5,041,683
Technical Sentiment Signal: Sell
Current Market Cap: A$21.37M
For an in-depth examination of SPQ stock, go to TipRanks’ Overview page.