Articles On Superior Resources (ASX:SPQ)

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The ASX closed the second last trading day of the year – and the last full day of the year – slightly higher marking the sixth straight day of gains. This was despite a quiet day for trading and no sectors standing out with the best being t...

NexGen’s high grade ‘Rook I’ uranium project is at the pointy end of development cycle Superior Resources now up ~43% since announcing big copper hit at ‘Bottletree’ Lithium stock Morella Corp continues to edge higher after relisting on th...

The ASX resumed trading after the Christmas break with a healthy gain of over 1%, taking it to levels not seen since early September. The ASX 200 closed at 7,510 points, up 1.21% from last Friday, a level last seen on September 8. All secto...

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

Superior Resources (SPQ) intersects copper vein mineralisation in the third hole drilled at its Bottletree prospect within the Greenvale Project in Townsville, Queensland The third hole was drilled to test a large soil copper anomaly, and...

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

For the first time in over a month, the ASX finished a week higher than where it began — even with the bourse declining on an intraday basis. The ASX 200 closed at 7,353 points which was 0.42% lower than yesterday, but up 1.6% from last Fri...

The ASX closed the fourth last week before Christmas up for the day, but once again down for the week. The ASX 200 closed 0.22% higher at 7,241 but down 0.52% for the week – the fourth straight week it has finished down. Energy was the top...

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

Superior Resources has intersected sulphide mineralisation in its first two drill holes targeting a large, induced polarisation anomaly at the company’s Bottletree Copper prospect in Queensland.

Superior Resources (SPQ) intersects disseminated and vein sulphide mineralisation at the Bottletree copper prospect in Queensland This observation comes from two diamond holes drilled at the prospect, which are targeting a large chargeabil...

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Superior Resources has wrangled a stampede of significant gold intercepts from 15 RC drill holes returned from the latest round of assays at its Steam Engine prospect in Queensland.

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

The ASX 200 climbed off its midday lows, but still closed in the red following a weak lead from Wall St, after US inflation data gave investors more jitters around the outlook for stubborn inflation and higher interest rates. Gold stocks we...

AIC Mines (ASX:A1M) led a group of 30 stocks running hot this week, amid another spate of big mining hits, M&A deals and clean energy winners. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Stre...

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

Brisbane based miner, Superior Resources, enjoys a dominant position in North Queensland’s world-class mining region – the Carpentaria Province. The company’s latest drill campaign produced a best result of 5m at 24.9 g/t gold including a 1...

The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects. Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous developmen...

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

ASX-listed junior gold explorer Superior Resources has intersected some superb gold horizons at its wholly owned Steam Engine prospect in Northern Queensland, with grades up to a dazzling 38.8 grams per tonne gold. The company is also march...

The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis. Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolu...

Superior is targeting the copper potential of its Greenvale project in Queensland with the start of deep diamond drilling at the Bottletree prospect. As part of Superior Resources’ (ASX:SPQ) push to build a copper mineral resource inventory...

Mineral exploration company, Superior Resources has unleashed the drill rig at its Bottletree copper prospect in QLD to test the core of a large geophysical anomaly where previous drilling on its northern margins hit an eye-catching 292m in...

It’s been a frustrating few months for gold bulls. As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 20...

ASX-listed junior gold explorer Superior Resources has passed the hat around for $1.26 million to fund exploration at its fast-moving Steam Engine gold project and Bottletree copper deposit in Queensland.

Gold continues to consolidate around $US1,800/oz which, if we went back in time to July 2020, would be cause for celebration. Back then $US1,800/oz was an eight-year high and bullish sentiment was nudging even the shittiest exploration stoc...

After treading water since the start of September, the ASX 200 took a dive in Thursday trade to finish 1.90% lower. Stocks lost ground at the opening bell and kept falling throughout the day, with steady falls across the board. Local stocks...

It was a busy day for small cap investors in resources and energy, as a number of junior explorers ripped higher following big announcements. Those gains stood out amid another mediocre session for the broader index, as the ASX continues to...

New assay results from a further eight reverse circulation holes through Superior Resources’ Steam Engine prospect have got pulses racing at the company, with impressive gold grades including 7 metres at 3.7 g/t gold which contained 4m at 5...

Gold bugs would be breathing a sigh of relief this week as the price stabilises just shy of $US1,800/oz ($2,463/oz Aussie) thanks to Monday’s healthy 1.5% gain. While there are plenty of other red hot sectors attracting investor dollars rig...

The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher”. In the big scheme of things, the pullback we have...

Superior Resources has delivered a 10m gold intercept going 2.8 g/t gold near its 122,000-ounce Steam Engine gold deposit at its Greenvale project in Queensland, prompting the company to launch into another 5,000m of drilling aimed at growi...

On Sunday, a chaotic ‘flash crash’ saw the gold price plummet into the $US1600s per ounce before staging a mild recovery. Experts mostly point to a better than expected jobs report out of the US for heavy selling that saw the traditional he...

As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says. “There is an article in the last Economist asking, ‘what happens if...

Strong consumer buying and modest institutional investment helped create gold demand of 955.1 tonnes over Q2 – a 9% rise from Q1 2021, and in line with the equivalent period last year. While both consumers and retail investors were purchasi...

After starting the day in negative territory, the Australian bourse recovered to finish higher. The ASX 200 closed 0.17 per cent up, at 7,348 points while the ASX Emerging Companies Index closed 0.71 per cent up at 2,203. Most sectors were...

It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials. Failing to maintain good relationships with stakeholders (like governments, local co...

Gold had its worst month since November 2016 in June, down 7% to $US1,779/oz. Mining and exploration stocks have followed suit. This bearish trend creates a buying opportunity, experts say. Boutique investment advisory firm head Frank Holme...

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

ASX-listed Superior Resources has kicked off a significant new 8,000-metre drilling campaign at Greenvale in north Queensland that will look to build on its established gold resource base and follow up intriguing 2018 copper exploration sig...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...