Superior Resources Limited · ASX:SPQ
Superior Resources — Shareholder Meeting (November 2015)
38 slides from Superior Resources's shareholder meeting presentation, Nov 27, 2015
Slide 1: AGM Presentation, 27 November 2015
For personal use only 27 November 2015
Slide 2: Limitations & JORC
Limitations & JORC Information Purposes: This presentation is for information purposes only. The information contained in this presentation does not constitute an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in Superior Resources Limited (Superior)
Slide 3: Corporate Snapshot
Corporate Snapshot • ASX listed junior explorer For personal use only • First-Tier calibre exploration projects • Potential early cash flow from Tick Hill Gold Project • Material exposure to: Zinc – Copper – Gold • NW Qld projects – Zinc/Lead – Copper • Riesling – Zinc/Lead/Copper • Tick Hill Gold P
Slide 4: Corporate Summary
Corporate Summary ASX CODE: SPQ Share Structure For personal use only Ordinary shares 239 million Directors and Substantial holders (>5%) Officers 12% 13% Options (listed/unlisted) Nil Market cap. $2.6 million Other holders Other top 20 36% holders Cash and listed assets A$165,000 39% 7,000,000 DYL
Slide 5: Projects
Projects Gold For personal use only Tick Hill Gold Project Tick Hill Tailings Project 0 1000km Zinc-Lead-Copper Victor Project (Mount Isa Style) Cairns Nicholson Project (Zn + Pb,Cu) Victor Project (Zn + Pb,Cu) Riesling Project (Zn + Cu) Nicholson Project (Mount Isa Greenvale Project (Cu
Slide 6: Board & Management
Board & Management • Carlos Fernicola – Chairman For personal use only – Over 30 years in accounting, taxation audit financial services industry, Chartered Company Secretary • Peter Hwang – Managing Director – 17 years in resources and corporate law, 6 years in mineral exploration • Ken Harvey – Non
Slide 7: Moving forward in 2015
Moving forward in 2015 … • Tick Hill Gold Project For personal use only • Facilitated completion of project sale agreement • Completed regulatory compliance for test work programs • Completed initial drill testing of Tick Hill Tailings • Near completion of metallurgical testing of tailings • NW Qld
Slide 8: Moving forward in 2015: Riesling and Greenvale
Moving forward in 2015 … Riesling (Zinc-Lead-Copper) For personal use only • Intensely high order zinc-lead-copper soil anomaly • Drilling to commence next week Greenvale (Copper) • Drill-ready potential large porphyry targets: • Cockie Creek prospect: previously reported JORC inferred resource of 1
Slide 9: Corporate Strategy
Corporate Strategy Objectives: For personal use only • Commodities Focus: Zinc – Gold – Copper • Strong fundamentals • Quality project assets: • Substantial exposure to zinc and copper sectors • Potential company maker gold target • Gold tailings project • Develop asset portfolio: • In-ground expl
Slide 10: Corporate Strategy: How will we achieve objectives?
Corporate Strategy How will we achieve objectives? For personal use only • Commodities: Zinc + Copper + Gold • The “Next Mt Isa”: SPQ holds commanding position to discover another world-class Mt Isa style Lead/Zinc deposit • Funding: • Progressing Tick Hill gold tailings project • Earn-in and JV w
Slide 11: Tick Hill Gold Project
For personal use only Tick Hill Gold Project
Slide 12: The Tick Hill Gold Project
Tick Hill Gold Project “The” Tick Hill Gold Project For personal use only • 110km SE Mount Isa • Tick Hill Gold Mine produced 500,000 oz gold from 700,000 tonnes of ore at 22.6g/t Au in the early 1990s. • Three granted mining leases (renewed for 10 years) • SPQ farming in ($750k expenditure for 50%
Slide 13: Tick Hill Gold Mine (circa 1993)
Tick Hill Gold Project Tick Hill Gold Mine (circa 1993) looking easterly For personal use only
Slide 14: Development Opportunity
For personal use only Tick Hill Gold Project Development Opportunity 1. Old mine tailings 2. Adjacent alluvial deposits 3. Mine rock dumps 4. Potential residual underground ore 5. 500,000oz exploration target Immediate Opportunity: • Old mine tailings • Est. 600,000 to 650,000 tonnes @ 1 g/t • Est.
Slide 15: Exploration Opportunity
Tick Hill Gold Project Exploration Opportunity For personal use only High grade historic gold production • 513,333 ounces of gold at a recovered grade of 22.6 g/t gold At $1,466/ounce worth A$753 million Granted mining leases with previous mining history Large data set - $15 million worth of
Slide 16: Tailings Dam Assessment
Tick Hill Gold Project Tailings Dam Assessment For personal use only Drilling program • 55 air-core holes • Total of 398m drilled Metallurgical testing • 373 geochemical samples analysed • Composited bulk samples from each TSF paddock • Cyanide leach testing • Grind size-by-size analysis Process opt
Slide 17: Tailings Dam Assessment: grades and metallurgy
Tick Hill Gold Project Tailings Dam Assessment For personal use only Western Paddock Eastern Paddock Overall – Tailings Dam Drill Program g/t Au g/t Au g/t Au First Stage Program 0.73 1.42 1.04 Second Stage Program 0.88* 1.43 1.12* Overall (g/t) 0.81* 1.42 1.08* • Drilling programs confirm significa
Slide 18: Tailings Dam Assessment: expenditure and next steps
Tick Hill Gold Project Tailings Dam Assessment For personal use only Current expenditure EXPENDITURE COST ALLOCATION (1 July 2014 to 26 November 2015) Drilling and Test Work $21,618 Regulatory Permitting Fees $24,020 Tenement Rent & Rates $54,593 TOTAL $100,231 Next steps • Process optimisation • Pr
Slide 19: Gold Mineralisation
For personal use only Tick Hill Gold Project Gold Mineralisation • Very good continuity • Abruptly terminates at depth (fault) • Faulted extension likely to be similar grade and width Fault
Slide 20: Pit and Underground View
Tick Hill Gold Project Pit and Underground View For personal use only • 3D View looking grid east - down at -40° • Open pit (70m deep) • Decline from pit ramp • Underground stope • Lode shows a fault truncation on southern end at depth • Lode curved along fault to west • Other targets include: other
Slide 21: Northwest Queensland Lead-Zinc-Copper Projects
For personal use only Northwest Queensland Northwest Queensland Lead – Zinc – Copper Projects
Slide 22: Zinc trends
For personal use only Zinc trends Forecast global zinc production Source : Wood Mackenzie Source : Vendetta Mining
Slide 23: Zinc trends
For personal use only Zinc trends
Slide 24: NW Qld – Base Metal Prospects
For personal use only NW Qld – Base Metal Prospects
Slide 25: Mount Isa to Century - Mag (RTP) and Gravity
For personal use only Mount Isa to Century - Mag (RTP) and Gravity Major Structure Major Structure Magnetics and Gravity Magnetics and Gravity MI2 Magnetic Anomaly Basalts? – Copper Source Magnetic Anomaly Eastern Creek Volcanics Basalts – Copper Source Mount Isa – within sediments adjacent or over
Slide 26: Mount Isa to Century - Lead and Zinc
For personal use only Mount Isa to Century - Lead and Zinc
Slide 27: Tomahawk Creek Mag (RTP) Soil Lead Anomalies
For personal use only Tomahawk Creek Mag (RTP) Soil Lead Anomalies
Slide 28: Nicholson Project (NW Qld)
Nicholson Project (NW Qld) EPM18203 200000 E For personal use only 190000 E 210000 E 220000 E er Fault Riv 8030000 N Ca Walford 8030000 N lv ert Creek Fa u lt Fish Prospect • Mt Isa Style zinc-lead-copper Interpreted Pyrite Body • Earn-in and JVA – Teck Australia Kingfisher • Teck can earn 70% by: W
Slide 29: Riesling Zinc Project
For personal use only Riesling Zinc Project • Six km zone of quartz gahnite lodes and surface samples to 24% Pb Potential for Broken Hill type (BHT) or VMS mineralisation
Slide 30: Riesling Zinc Project
For personal use only Riesling Zinc Project
Slide 31: Riesling Zinc Project
Riesling Zinc Project 10000 mE 10200 mE 10400 mE 10000 mE 10200 mE 10400 mE 9800 mE 9800 mE For personal use only 10600 mN 9,600 10600 mN 10600 mN 260 10600 mN 1,200 1,700 1,200 2,000 2,800 760 2,550 1,150 1 1 2,250 1,600 2,750 1,100 1,350 700 2 2 1,450 4,200 280 4,400 10400 mN 10400 mN 10400 mN 104
Slide 32: Zinc
Zinc Superior’s zinc projects – very significant potential for Mount Isa style deposit For personal use only Five advanced prospects with potential for large Mount Isa style copper and lead-zinc-silver deposits. Four high priority drill targets defined. Historically not explored. Farm-in a
Slide 33: Greenvale Project – Copper
For personal use only Greenvale Project Greenvale Project Copper
Slide 34: Greenvale Project
For personal use only Greenvale Project
Slide 35: Greenvale Project
Greenvale Project Targets Porphyry copper, volcanogenic massive sulphide (VMS) deposits, For personal use only disseminated copper deposits and Broken Hill type deposits One Mile Large massive and semi-massive sulphide body – sub-economic Five surrounding quality geophysical and other targets to be
Slide 36: Greenvale Project
For personal use only Greenvale Project
Slide 37: Greenvale Project – Cockie Creek
For personal use only Greenvale Project – Cockie Creek
Slide 38: Summary
Summary Superior – Well positioned for growth For personal use only • Material exposure to Zinc – Gold – Copper • Zinc – a key commodity with potential for sustained future growth • First mover advantage in a highly prospective Lead/Zinc region • Commodities: Zinc – Gold – Copper • Funding opportuni
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