Assay results from 6 RC holes for a total of 450m (all from the Eastern Ridge Lode) were received from SGS Laboratories (Townsville) during mid December 2024 and reported to the market on 20 December 2024. -
Several additional batches of assay results were received during the course of January 2025. However, Superior’s quality control analysis of the results demonstrated real and measurable errors in the assay results that fell significantly outside acceptable tolerance limits.
The assay errors resulted in a consistent under-reporting of the actual gold grades. As a result of the significant errors, the Company recognises that each batch of results that were received during January 2025, are not able to be reported to the market and will be re-assayed.
The assay errors are only observed in assay reports that were delivered during January 2025, which is shortly after the Townsville laboratory and SGS clients were informed of the closure of the Townsville laboratory business.
As a result, arrangements are being finalised for all remaining samples (2,218 samples) including samples requiring re-assaying, to be processed and assayed at an alternative laboratory
SPQ Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)