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Superior Resources Limited (AU:SPQ)
ASX:SPQ

Superior Resources Limited (SPQ) AI Stock Analysis

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AU:SPQ

Superior Resources Limited

(Sydney:SPQ)

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Underperform 33 (OpenAI - 4o)
Rating:33Underperform
Price Target:
Superior Resources Limited faces significant financial challenges due to its inability to generate revenue and ongoing financial losses. The lack of technical data further complicates analysis, and the negative valuation metrics reflect a high-risk investment with limited growth prospects.

Superior Resources Limited (SPQ) vs. iShares MSCI Australia ETF (EWA)

Superior Resources Limited Business Overview & Revenue Model

Company DescriptionSuperior Resources Limited engages in the mineral exploration business in Australia. The company primarily explores for zinc, lead, silver, copper, gold, nickel, cobalt, uranium, and platinum group elements deposits. It primarily holds interests in the Mount Isa style project located in northwest Queensland; and volcanogenic massive sulphide and porphyry style copper-gold deposits situated in northeast Queensland. Superior Resources Limited was incorporated in 2005 and is based in Coorparoo, Australia.
How the Company Makes MoneySuperior Resources Limited generates revenue primarily through exploration and development activities aimed at discovering commercially viable mineral deposits. The company invests in acquiring and exploring land with potential mineral resources, often partnering with other mining companies to share costs and expertise. Revenue is primarily derived from the sale of mineral rights, joint venture agreements, and potential future production from successful exploration projects. Superior Resources also benefits from strategic partnerships and alliances with other mining firms, which can provide additional funding and technical support to advance its projects towards production. As the company progresses its projects towards development, it may also secure funding through equity issuances or debt financing to support exploration and operational activities.

Superior Resources Limited Financial Statement Overview

Summary
Superior Resources Limited struggles with no revenue generation and persistent financial losses. While the absence of debt is positive, the lack of revenue and negative cash flow severely impact its financial health.
Income Statement
Superior Resources Limited shows no revenue generation in recent years, resulting in negative net income and consistently negative EBIT and EBITDA margins. The lack of revenue growth severely impacts profitability metrics, leading to unfavorable financial performance in the income statement.
Balance Sheet
The company maintains a debt-free position, which is a positive aspect. However, the continuous net losses have constrained equity growth, and the equity ratio is moderately high, indicating reliance on equity financing. The balance sheet is stable but lacks significant growth.
Cash Flow
Free cash flow has been negative over the years, and the growth rate of free cash flow shows a declining trend. Operating cash flow is consistently negative, and the cash flow to net income ratios indicate inefficiencies in converting income into cash flow.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-6.06K-6.06K-2.70K-2.07K-5.36K-3.79K
EBITDA-309.87K-721.73K-1.41M-886.94K-591.93K-565.79K
Net Income-336.40K-785.99K-1.41M-889.01K-597.29K-569.58K
Balance Sheet
Total Assets17.48M17.48M16.29M15.94M13.15M7.91M
Cash, Cash Equivalents and Short-Term Investments777.63K777.63K1.02M3.99M4.13M1.76M
Total Debt0.000.000.00146.24K146.24K0.00
Total Liabilities522.24K522.24K475.25K603.75K661.38K665.86K
Stockholders Equity16.95M16.95M15.82M15.34M12.49M7.25M
Cash Flow
Free Cash Flow-2.16K-2.16M-4.85M-3.85M-3.45M-2.06M
Operating Cash Flow-753.00-754.23K-1.29M-953.80K-598.00K-490.34K
Investing Cash Flow-1.41M-1.41M-3.57M-2.93M-2.86M-1.57M
Financing Cash Flow1.90M1.90M1.86M3.73M5.84M2.77M

Superior Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
49
Neutral
AU$18.49M-3.33-42.91%-4.35%
45
Neutral
AU$19.66M-7.89-11.09%36.67%
41
Neutral
AU$10.46M-1.66-108.28%58.34%
37
Underperform
AU$12.62M-28.26%65.00%
36
Underperform
AU$14.36M-10.45%
33
Underperform
AU$18.48M-25.00-4.86%42.86%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SPQ
Superior Resources Limited
0.01
>-0.01
-16.67%
AU:EVG
BlackEarth Minerals NL
0.03
0.00
0.00%
AU:NAE
New Age Exploration Limited
AU:MRQ
MRG Metals Limited
AU:PVT
Rafaella Resources Ltd.
0.02
0.01
100.00%
AU:PAT
Patriot Lithium Ltd.
0.05
0.01
25.00%

Superior Resources Limited Corporate Events

Superior Resources Expands Share Capital Through Placement and Option Exercise
Dec 19, 2025

Superior Resources Limited has completed a capital raising through a share placement to sophisticated investors and the exercise of existing options, expanding its ordinary share base. The company issued 266,666,666 new shares at $0.0075 each via placement and 21,429 shares from exercised options, all without a prospectus, and confirmed it is compliant with its financial reporting and continuous disclosure obligations and that there is no undisclosed price-sensitive information, signaling regulatory compliance and transparency for investors.

Superior Resources Seeks ASX Quotation for Additional Ordinary Shares
Dec 19, 2025

Superior Resources Limited has applied to the ASX for quotation of 21,429 new fully paid ordinary shares following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities marginally expands the company’s issued capital base, reflecting ongoing utilisation of equity-linked instruments but without materially altering its overall market position or capital structure.

Superior Resources Seeks ASX Quotation for 266.7 Million New Shares
Dec 19, 2025

Superior Resources Limited has applied to the ASX for quotation of 266,666,666 new fully paid ordinary shares. The issuance, previously flagged in an earlier Appendix 3B, will expand the company’s listed capital base from 19 December 2025, potentially enhancing liquidity in its stock and supporting its funding capacity for ongoing corporate or project activities.

Superior Resources Secures Additional Strategic Commitments
Dec 15, 2025

Superior Resources Limited has announced an update to its previous statement regarding the proposed issue of securities. The update highlights the securing of additional strategic binding commitments, which could enhance the company’s financial position and operational capabilities. This development may strengthen Superior Resources Limited’s market positioning and provide potential benefits to its stakeholders.

Superior Resources Secures Additional Funding for Gold and Copper Projects
Dec 15, 2025

Superior Resources Limited has secured an additional $250,000 in binding commitments from strategic investors, raising the total to $2 million for its capital raising efforts. This funding will support resource growth initiatives at the Steam Engine Gold Project, feasibility studies for near-term gold production, and exploration at the Telegraph and Halls Reward copper prospects. The company’s strategic moves aim to enhance its operational capabilities and strengthen its market position, potentially unlocking early cash flow and advancing its copper and gold growth objectives.

Superior Resources Limited Announces Proposed Issuance of Securities
Dec 11, 2025

Superior Resources Limited has announced a proposed issuance of 5,000,000 unlisted options with an exercise price of $0.015, set to expire 2.5 years from the issue date. This move is part of a strategic placement or other type of issue, potentially impacting the company’s financial strategy and market positioning by providing additional capital or resources.

Superior Resources Limited Announces Proposed Securities Issue
Dec 11, 2025

Superior Resources Limited has announced a proposed issue of securities, which includes 155,555,556 unlisted options and 233,333,333 ordinary fully paid shares. This strategic move is aimed at raising capital to support the company’s growth and development plans, potentially impacting its market position and providing opportunities for stakeholders.

Superior Resources Secures $1.75M for Gold and Copper Drilling Initiatives
Dec 11, 2025

Superior Resources Limited has secured $1.75 million through a placement to fund major gold and copper drill programs at its Steam Engine Gold Project and other prospects. This funding will accelerate resource growth and advance feasibility studies for near-term gold production, enhancing the company’s strategic positioning in the gold and copper markets. The placement reflects strong investor interest and supports Superior’s long-term growth potential, with significant implications for stakeholders as the company progresses towards early-stage production and cash flow.

Superior Resources Limited Initiates Trading Halt Ahead of Capital Raising Announcement
Dec 9, 2025

Superior Resources Limited has requested a trading halt on its securities pending an announcement related to a significant capital raising. The halt is expected to last until the announcement is made or normal trading resumes on 11 December 2025, which could impact the company’s market operations and stakeholder interests.

Superior Resources Launches Major Drilling Programs for Gold and Copper Expansion
Dec 8, 2025

Superior Resources Limited has announced major drilling programs aimed at expanding its gold and copper resources. The company plans to conduct up to 3,000 meters of drilling at the Steam Engine Gold Project to extend the gold inventory and test high-grade copper prospects at Telegraph and Halls Reward. This initiative is part of Superior’s strategy to enhance its resource base, potentially leading to significant growth and strengthening its development plans.

Superior Resources Unveils Major Growth Potential in Steam Engine Gold Project
Dec 5, 2025

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.

Superior Resources Limited Secures Shareholder Approval at AGM
Nov 27, 2025

Superior Resources Limited announced that all resolutions were passed at its Annual General Meeting, reflecting strong shareholder support. The approval of resolutions, including the re-election of a director and the ratification of share placements, indicates a positive outlook for the company’s strategic initiatives and potential growth, reinforcing its position in the mining sector.

Superior Resources Highlights Growth in Steam Engine Project
Nov 27, 2025

Superior Resources Limited has announced updates regarding its Steam Engine project, highlighting significant growth potential in mineral resource estimates and robust economic scenarios for both toll treatment and stand-alone plant operations. The company emphasizes that the price of gold, a critical parameter, has nearly doubled, enhancing the project’s financial prospects and positioning Superior Resources favorably within the industry.

Superior Resources Limited Announces Proposed Securities Issue
Nov 13, 2025

Superior Resources Limited has announced a proposed issue of securities, specifically a non-pro rata offer of ordinary fully paid securities. This announcement could potentially impact the company’s market positioning by increasing its capital base, which may influence stakeholder perceptions and investment decisions.

Superior Resources Limited Issues Transaction-Specific Prospectus
Nov 12, 2025

Superior Resources Limited has announced a prospectus for the offer of 1,000 shares to a person nominated by the directors, as part of their compliance with section 708A(11)(b)(i) of the Corporations Act. The prospectus, dated November 13, 2025, is a transaction-specific document that provides concise information about the issuance of new shares, which are of the same class as those previously quoted on the ASX. The document is not intended for distribution in the United States and highlights the speculative nature of the investment, advising potential investors to consult professional advisers.

Superior Resources Shares Cleared for Trading on ASX
Nov 12, 2025

Superior Resources Limited has announced that the Supreme Court of Western Australia has issued orders allowing the company’s shares to be freely tradable on the ASX. This follows the company’s application regarding non-compliance with the Corporations Act related to the issuance of shares on 15 October 2025. The court’s decision, along with a newly lodged prospectus, ensures that the shares can be offered for sale without disclosure, potentially stabilizing the company’s market position and providing clarity for stakeholders.

Superior Resources Unveils Major Growth Potential at Steam Engine Gold Project
Nov 12, 2025

Superior Resources Limited has updated its Mineral Resource Estimate for the Steam Engine Gold Project, revealing significant growth potential with a substantial resource base and new prospective lode extensions. The company is accelerating development planning and launching an expansion drilling program, driven by strong gold prices and promising returns from recent studies.

Superior Resources Limited Requests Voluntary Suspension of Securities
Nov 11, 2025

Superior Resources Limited, listed on the Australian Securities Exchange under the ticker SPQ, has requested a voluntary suspension of its securities from trading. This suspension is pending a court hearing regarding the validation of uncleansed shares, with a decision expected to be announced shortly. The company plans to lodge a prospectus with the Australian Securities and Investments Commission following the court’s decision, which will also be announced to the market.

Superior Resources Limited Requests Trading Halt Amid Share Issuance Oversight
Nov 9, 2025

Superior Resources Limited has requested a trading halt on its securities due to an administrative oversight regarding the issuance of fully paid ordinary shares on 15 October 2025. The company is seeking urgent orders from the Supreme Court of Western Australia to enable the on-sale of these shares, which cannot currently be offered for sale without disclosure. The trading halt will remain in effect until the company provides an update on its court application or until normal trading resumes on 12 November 2025.

Superior Resources Limited Releases 2025 Annual Report
Oct 31, 2025

Superior Resources Limited has released its Annual Report for 2025, detailing the company’s financial performance and strategic initiatives over the past year. The report highlights the company’s operational reviews, financial statements, and governance practices, providing stakeholders with insights into its market positioning and future directions.

Superior Resources Limited Releases 2025 Corporate Governance Statement
Oct 31, 2025

Superior Resources Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles, detailing the roles and responsibilities of the board and management, and confirming compliance with governance recommendations.

Superior Resources Limited Affirms Commitment to Ethical Governance in 2025 Statement
Oct 31, 2025

Superior Resources Limited has released its 2025 Corporate Governance Statement, outlining its commitment to ethical governance and responsible decision-making. The company has adopted the ASX Corporate Governance Principles and Recommendations, with some deviations where deemed inappropriate due to the company’s specific circumstances. The board is responsible for overseeing corporate governance, strategy, and compliance, while day-to-day management is delegated to the managing director.

Superior Resources Expands Greenvale Project and Advances Gold Production Plans
Oct 31, 2025

Superior Resources Limited has expanded its Greenvale Project area by 56% to 3,602 km², enhancing its exposure to copper-gold systems. The company reported high-grade assay results from its Hall’s Reward and Telegraph prospects, with plans for further drilling. Additionally, Superior is advancing its Steam Engine Gold Project towards early production, with ongoing feasibility studies and regulatory processes.

Superior Resources Limited Announces Annual General Meeting
Oct 29, 2025

Superior Resources Limited has announced its Annual General Meeting, which will take place at the Amora Hotel in Brisbane on November 27, 2025. This meeting is a significant event for stakeholders as it provides an opportunity to discuss the company’s current and future strategies, potentially impacting its operations and market positioning.

Superior Resources Limited Announces Quotation of New Securities
Oct 15, 2025

Superior Resources Limited has announced the application for quotation of 3,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code SPQ. This move signifies the company’s efforts to enhance its capital structure and potentially improve its market positioning, which could have implications for its stakeholders.

Superior Resources Addresses ASX Price Query Amidst Rising Gold Prices
Oct 10, 2025

Superior Resources Limited has responded to a price query from the Australian Securities Exchange (ASX) regarding the recent increase in the price and trading volume of its securities. The company attributes this activity to the rising gold prices, which have reached all-time highs, and the anticipation of upcoming updates on its mineral resource estimates for the Steam Engine Gold Project and the Cockie Creek Porphyry Copper Prospect. Additionally, ongoing discussions about potential toll processing for the Steam Engine Gold Project may also be influencing market behavior.

Superior Resources Limited Requests Trading Halt Amid ASX Price Query
Oct 9, 2025

Superior Resources Limited, listed on the Australian Securities Exchange, has requested a trading halt on its securities pending a response to an ASX price query. The halt will remain in effect until the company releases an announcement or normal trading resumes on 13 October 2025. This move indicates a significant development that may impact the company’s stock performance and is of interest to stakeholders awaiting further information.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 08, 2025