Articles On Superior Resources (ASX:SPQ)

US gold price down more than 10% or $200 from its peak But Aussie gold miners faring better due to weak AUD-USD exchange rate This week’s ASX standouts: Twenty Seven Co, OzAurum Resources Our Gold Digger column wraps all the news driving...

Superior Resources (SPQ) says a geochemistry survey at its Bottletree prospect in Queensland has highlighted several porphyry targets The copper-gold-molybdenum targets were found within and outside an intrusion ring that covers a 1.3-kilo...

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Superior Resources has boosted its Steam Engine gold resource to 196,000 ounces, an increase of over 60 per cent compared to previous calculations incorporating a lower grade owner-operated processing model.

Superior Resources (SPQ) unveils a “material” upgrade in the mineral resource estimate (MRE) for its Steam Engine gold project about 210 kilometres west of Townsville in Queensland The MRE now stands at 4.18 million tonnes grading 1.5 gram...

Gold price to hit $US2,200 as stagflation fears take hold U.S. and allies officially prohibit all transactions with Russia involving gold, one of its financial lifelines. Will it work? Gold price rebounds over past week to $US1,960/oz Our...

Superior Resources has expanded its tenement portfolio to a massive 1,158 square kilometres of prospective nickel-copper-PGE ground at its Greenvale project about 210 kilometres from Townsville in Queensland.

Superior Resources (SPQ) has been granted the last outstanding exploration permit at the Dido/Big Mag project in Queensland The project now covers an 1158-square kilometre area considered highly prospective for nickel-copper-platinum group...

War gossip/news remains the main driver of gold prices. The precious metal is having one of those volatile weeks where unless they timed their entry and exit perfectly, investors probably had a tough time whether long or short, says OANDA s...

A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing. History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the...

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan. That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a sta...

The S&P/ASX200 is about seven points lower on Monday after a day of choppy trade, heavily impacted by some large cap hits, like Magellan (down about 10%) and an earlier whack for the big four banks after ANZ put out a profit warning. Bu...

Stockhead’s Top 10 at 10, published at 10.30am 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...

It was a rough month for equities, but the ASX microcaps January winners list still made for positive viewing. For context, a quick rewind to 2021 is in order (what a year). In just 12 months, there were more than 180 IPOs on the ASX (quick...

The ASX200 has vacillated all of Monday in a whiny, unattractive way for a major global index. Like a Kardashian (name one) unable to get out of bed, the heavyweight financial names and the major miners are just dragging everyone lower, dow...

Alas. After teasing gold bugs with a push through $1,840/oz over the past week, we are now back below ~$US1,800/oz. Gold stocks can’t seem to catch a break. What gives? I don’t get it. PM miners didn’t even get the windfall of the market w...

Local markets had a breather in the form of a mid-week public holiday, but things weren’t much better once trading recommenced on Thursday. After initially jumping by more than 1%, the ASX microcap Emerging Companies index reversed course w...

Brisbane-based explorer Superior Resources (SPQ) has entered a trading halt ahead of a proposed capital raise The company is yet to disclose how much it hopes to raise or how it will spend the money, but these details are expected by Monda...

Northern Queensland focused gold/copper hopeful Superior Resources has put its shares in a halt while its brokers chase fresh funds for the company’s drilling program. 

Superior Resources appears to have tapped into the edges of a large, porphyry system at the company’s Bottletree copper prospect in Queensland. Assay results returned a massive 552.5 m at 0.16 per cent copper.

Superior Resources (SPQ) says first assays from 2300 metres of diamond drilling at its Bottletree copper prospect build confidence in a potentially high grade porphyry system The company says the primary target at Bottletree is buried porp...

Superior Resources has chipped significant gold from its Queensland prospects with grades up to 65.92 grams per tonne. It says it may be onto a significantly larger mineralised system than previously thought.

Superior Resources (SPQ) identifies expanded, very large-scale gold potential for Steam Engine gold project in Queensland The company says rock chip assays up to 65.9 g/t gold at the Windmill East and Origin prospects identifies potential...

Global silver demand hit ~1.02 billion ounces in 2021, the first time it has breached 1 billion since 2015, according to the Silver Institute. Of that, industrial demand hit a new high of 524 million ounces. And of that, photovoltaic (solar...

Local stocks made a cautious start to the week, following a fairly volatile trading period last week as jitters stemming from rising bond yields dimmed risk sentiment on global markets. The ASX 200 opened in the red before clawing back some...

The share market has ended the first day of the week in the red despite gaining some ground after dropping by as much as 0.6 per cent in early morning trade. By the end of trade, much of the losses had been recovered, with the S&P/AS...

The Australian market has shrugged off this morning’s low, gaining ground after falling 0.6 per cent in early morning trade. The technology sector is the main contributor to the dip, steering the market slightly lower today as it fell 1...

Welcome back to Hot Money – 2022 edition. The weekly Stockhead article recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting t...

The ASX has recovered following yesterday’s strong blow, closing up 1.29% with all 11 sectors finishing in the green on lower than normal trading volumes. Today’s biggest sector win was energy, up a nice 2.20% with the financial market foll...

ASX investors evidently shrugged off omicron fears in December, with the last month of the 2021 being the second best of the year. Ultimately, the market finished 2021 13% higher than it started. Patience pays off, unless you got in at the...

Gold is holding steady above US$1,800/oz – currently trading at US$1816.60. Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months. But commodity analysts at J.P....

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...