Strategic Capital Raising Strengthens Funding for Gold and Copper Growth
Superior Resources Limited (ASX: SPQ) has further strengthened its balance sheet after securing an additional AU$250,000 in binding commitments from long-term strategic investors, increasing the total placement to AU$2.0 million before costs. The placement will be completed at AU$0.0075 per share, with attaching options subject to shareholder approval, and settlement is expected in mid-December 2025. Funds will be applied to advance resource growth initiatives at the wholly owned Steam Engine Gold Project, which hosts a 194,000oz JORC Mineral Resource, including a planned 3,000m RC drilling program targeting strike extensions to existing mineralisation.
Capital will also support feasibility study activities focused on a toll-treatment development pathway aimed at achieving potential near-term gold production with relatively low upfront capital requirements. In parallel, Superior will progress exploration across the Telegraph and Halls Reward copper prospects through soil sampling, geophysical surveys and drilling programs. The additional funding provides greater financial flexibility to advance both gold and copper development objectives while maintaining disciplined capital management.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Strategic Capital Raising Strengthens Funding for Gold and Copper Growth
Superior Resources Limited (ASX: SPQ) has further strengthened its balance sheet after securing an additional AU$250,000 in binding commitments from long-term strategic investors, increasing the total placement to AU$2.0 million before costs. The placement will be completed at AU$0.0075 per share, with attaching options subject to shareholder approval, and settlement is expected in mid-December 2025. Funds will be applied to advance resource growth initiatives at the wholly owned Steam Engine Gold Project, which hosts a 194,000oz JORC Mineral Resource, including a planned 3,000m RC drilling program targeting strike extensions to existing mineralisation.
Capital will also support feasibility study activities focused on a toll-treatment development pathway aimed at achieving potential near-term gold production with relatively low upfront capital requirements. In parallel, Superior will progress exploration across the Telegraph and Halls Reward copper prospects through soil sampling, geophysical surveys and drilling programs. The additional funding provides greater financial flexibility to advance both gold and copper development objectives while maintaining disciplined capital management.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au