Articles On Superior Resources (ASX:SPQ)

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...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

Superior Resources Limited (ASX:SPQ) has announced the results of a Scoping Study conducted on the Steam Engine Gold Deposit, highlighting an opportunity to develop the project as a low CAPEX, financially and technically robust open pit min...

The gold price traditionally thrives on geopolitical drama. Heightened tensions in eastern Ukraine, the recent incident at an Iranian nuclear site, and news of an unofficial US delegation visiting Taiwan are recent reminders that 2021 will...

Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week. The previous metal is currently tra...

The gold price may have languished slightly in 2021, but the number of gold IPOs certainly has not. Here’s what the newest ASX gold explorers are doing, where they are doing it, and why investors should care.   KINCORA COPPER (ASX:KCC) The...

Strange to think that it is a year since the world was turned upside down when the World Health Organisation declared COVID-19 a worldwide pandemic in mid-March 2020. In the week that followed the price of gold tumbled nearly $US200 to $US1...

A recent round of support for gold has seen the price consolidate above $US1,700 an ounce. However, with policy support from central banks, US stimulus and employment growth — underpinned by big infrastructure projects — you’d “expect gold...

Queensland-focused explorer Superior Resources Ltd [ASX:SPQ] has watched its share price storm upwards today on the release of its first assays from its drilling program at the Steam Engine Gold Project. Steam Engine, located 210 kilometres...

Superior Resources Limited (ASX:SPQ) today announced highly promising results from the first batch of assays from the recently completed Stage 2 drilling program at the company’s Steam Engine Gold Deposit, west of Townsville, Queensland. Th...

For goldies, 2020 was a year when good news was rewarded, and great news celebrated. The precious metal has gained about 22 per cent year-to-date despite treading water since mid-August. And there’s a strong chance 2021 will start off with...

Superior Resources Limited (ASX:SPQ) has released the fourth batch of assay results from the Phase 1 Drilling Program at the Steam Engine Gold Deposit, approximately 210 kilometres west of Townsville, Queensland. The promising assay results...

Superior Resources Limited (ASX:SPQ) will begin its second drilling program next month at the Steam Engine Gold Deposit in north Queensland – a follow-on from the recently completed 3,756 metre Resource drilling program. Program one consist...

Gold prices may have struggled to make another assault on all time highs but the US dollar to Australian dollar exchange rate continues to work in favour of local companies with Australian gold prices remaining stable in the $2,600 to $2,70...

Superior Resources Limited (ASX:SPQ) has released further promising assay results from recent drilling at the Steam Engine Gold Deposit, approximately 200 kilometres west of Townsville, Queensland. The assays are from a total of six reverse...

A second batch of assays from the Steam Engine gold deposit has backed Superior Resources (ASX: SPQ) in its belief that its Queensland project has a deposit style similar to that at the historic Charters Towers goldfield, renowned as possib...

MICROCAP explorer Superior Resources has reported strong infill drilling results ahead of a resource re-estimate and scoping study for its Steam ...

Superior Resources Limited (ASX:SPQ) has released the second batch of assays from the resource drilling program at the Steam Engine Gold Deposit in North Queensland. The results further boost the consistently strong first batch of assays fr...

A quick wrap of the ASX’s key winners and losers on Monday, September 14. Data is taken after the market closes at 4pm AEST. Stocks highlighted in yellow made potentially market-moving announcements during the day.   WINNERS Code Na...