Funding Pressures Loom as Superior Resources Advances Key Copper-Gold Projects

Greenvale Project Expansion and Exploration Highlights

Superior Resources Limited has significantly expanded its footprint in northeast Queensland’s Greenvale region, increasing its tenement holdings by 56% to a commanding 3,602 square kilometres. This expansion, achieved through four new Exploration Permit for Minerals Applications, positions Superior as the largest landholder in this geologically prospective area, covering an extensive 150 kilometres of strike.

The company’s exploration efforts have uncovered remarkable high-grade copper-gold-silver mineralisation at the Hall’s Reward and Telegraph prospects. Recent rock chip and mullock sampling at Hall’s Reward returned standout assays including 46.5% copper, 6.58 grams per tonne gold, and 24.5 grams per tonne silver. Telegraph, located just three kilometres north, also yielded impressive copper grades exceeding 10%, reinforcing the prospects as priority targets for follow-up drilling.

Advancing the Steam Engine Gold Project

Parallel to its copper exploration, Superior is advancing the Steam Engine Gold Project with a clear objective of achieving early production within two years. The company is actively progressing a feasibility study focused on a toll treatment operation, alongside updating its mineral resource estimate incorporating recent drilling results. Regulatory pathways are being navigated with ongoing native title and Aboriginal cultural heritage consultations, and preparations for mining lease applications are underway.

Geophysical surveys have identified compelling new targets along strike from known mineralised lodes, with drilling plans in place to test these anomalies. The integration of these exploration and development activities underscores Superior’s strategic approach to fast-track gold production while expanding resource potential.

Cockie Creek Porphyry Prospect and Future Resource Potential

At the Cockie Creek porphyry copper-gold-molybdenum prospect, Superior’s recent drilling campaign; the first in over three decades; has delivered encouraging results, including intercepts of up to 1.08% copper over 10 metres. These outcomes have prompted a reassessment of the maiden Mineral Resource Estimate, now anticipated in the first half of 2026. This porphyry system adds a significant dimension to Superior’s portfolio, complementing its high-grade copper and gold targets.

Corporate and Financial Position

On the corporate front, Superior is engaged in discussions with several well-funded resource companies interested in joint ventures over the Greenvale Project, signaling potential for strategic partnerships. The company also holds a modest investment in Deep Yellow Limited.

Financially, the quarterly cash flow report reveals operating outflows and a cash balance of $299,000 at quarter-end, supporting approximately 0.68 quarters of funding at current expenditure levels. Management expresses confidence in securing additional capital as needed to sustain operations and advance its projects.