HIGHLIGHTS
- Superior has been awarded a $300,000 Collaborative Exploration Initiative (CEI) grant for the drilling of two critical diamond holes at the Bottletree porphyry Cu-Au-Mo discovery
- CEI grant awarded under the Queensland Government’s QLD Resources Industry Development Plan and is administered by the Department of Resources
- Proposed holes will be the most critical to date, targeting the modelled core of the Bottletree porphyry system with two deep holes totalling 1,700m of drilling
- The target is supported by several coincident circular anomalies, including a broad magnetic low anomaly, extensive 2.0km x 2.5km Cu soil anomaly and a gravity high anomaly
- The CEI program was competitive and the award strongly validates the flagship Bottletree Prospect and the significance of the Greenvale Terrane, being an important and previously unrecognised Cu-Au porphyry belt. In the period of three years, Superior has confirmed the existence of two large porphyry Cu-Au-Mo systems and several other likely porphyries
- 2024 Bottletree drilling program, including the CEI holes, is expected to commence as soon as weather and ground conditions permit
Superior’s Managing Director, Peter Hwang commented:
“We are very pleased to have secured the maximum grant allocation of $300,000 under the Queensland Government’s CEI program and importantly, to see the ground-breaking significance of Bottletree being recognised by the Queensland Government.
“The CEI program is a direct result of the Queensland Government’s commitment to building the foundation for a globally-leading critical minerals jurisdiction and considering Queensland’s mineral endowment, there is no doubt there is real potential to achieve this goal. Such initiatives and policies are vital to a successful and vibrant mineral exploration sector, which in turn has become critical for the future of Queensland.
“At Superior we are contributing directly to the critical minerals future as we continue to make discoveries of major copper and nickel mineral systems and identify new mineral provinces. The porphyry copper-gold discovery at Bottletree and our exploration work over the greater Greenvale Project are progressively unlocking the multi-porphyry potential of the newly recognised Greenvale porphyry belt.
“The timing of the CEI grant couldn’t be better and will fund the drilling of the two most critical deep holes directly targeting the modelled core of the Bottletree porphyry system. Modelling of the potential location of the core has been made possible from the culmination of the geological data obtained from the 2022 and 2023 drilling campaigns.
“We eagerly look forward to expediting the commencement of the CEI drilling. Watch this space as we update the market with new findings and the roll-out of our 2024 exploration programs.”
Read the announcement via this link