Superior Resources (ASX:SPQ) - Explorers of the Lost Arc
27 May, 2025 · By Trent Allen · Short-form
Overview
Superior Resources is leveraging record gold and copper prices through its extensive Greenvale Project in Queensland, believed to host the northern extension of the renowned Macquarie Arc. The project includes the near-surface Steam Engine gold deposit (171koz @ 2g/t Au), which is moving toward a Feasibility Study in 2025, and large-scale porphyry copper-gold targets like Bottletree and Cockie Creek. Greenvale's geological setting, comparable to world-class NSW porphyry belts, supports both precious and base metals exploration. With a modest enterprise value (~A$13m) and potential government-backed drilling, SPQ presents an early-stage entry to a large-scale gold-copper opportunity.
Report Details
- Category
- Company Snapshot
- Published
- 27 May, 2025
- Analyst
- Trent Allen
- Format
- Short-form
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