Superior Resources Limited announced spectacular results from the first batch of assays from the recently completed Stage 2 drilling program at the Company's Steam Engine Gold Deposit, located 210 kilometres west of Townsville, Queensland. The results are from the first 15 of 40 reverse circulation (RC) drill holes drilled in the Stage 2 program representing approximately 30% of the samples submitted from the program. Each of the 15 drill holes targeted a large modelled low-grade zone of the Revised Mineral Resource and were designed to upgrade the zone. The remaining 25 holes are designed to extend the mineralisation envelope at the Steam Engine and Eastern Ridge Lodes and identify additional high grade ore shoots. Results for these holes are yet to be received. The Stage 2 drilling results will be incorporated into a planned Pre-Feasibility Study, which will commence immediately after the delivery of the Steam Engine Project Scoping Study, expected in early February 2021.