Superior Resources Limited · ASX:SPQ
Superior Resources — Investor Presentation (October 2012)
49 slides from Superior Resources's investor presentation, Oct 1, 2012
Slide 1: Superior Resources Limited Company Presentation October 2012
Superior For personal use only Resources Limited Company Presentation October 2012
Slide 2: Limitations & JORC
For personal use only Limitations & JORC This presentation has been prepared by the management of Superior Resources Limited (the Company) for the benefit of brokers, analysts and investors and not as specific advice to any particular party or persons. The information is based on publicly available
Slide 3: Company Summary
For personal use only Company Summary Board David Horton – Chairman Peter Hwang – Non-Executive Director Ken Harvey – Managing Director Principal Aims Discovery of: • Mount Isa style copper deposits • VMS copper-gold deposits • Tick Hill gold deposits ASX Listed on ASX in November 2007 Shares On Iss
Slide 4: Company Approach
For personal use only Company Approach Company-Maker Targets Large Mount Isa Cu (Pb-Zn-Ag) type – 50Mt @ 3% Cu Moderate-sized VMS Cu-Au-Zn-Ag type – 10Mt @ 3% Cu eq High-grade Tick Hill Au type – 700Kt @ 20 g/t Au (Sedimentary Phosphate and Unconformity Uranium) Conceptual Exploration Approach Selec
Slide 5: Copper-Gold-Zinc-Silver
For personal use only One Mile Project One Mile Project Copper-Gold-Zinc-Silver
Slide 6: Location
One Mile Project Location For personal use only • 210km WNW Townsville, 16km SSE Balcooma • Granted and wholly owned Mining Lease • Surrounding EPMA (not yet granted) • Good location (bitumen road, Greenvale township, processing capacity in area) • One Mile VMS & Cockie Creek porphyry Cu prospects
Slide 7: Summary
One Mile Project Summary For personal use only • Outcropping VMS gossan • Large sulphide (pyrite) body • Near-economic Cu-Au-Zn-Ag intersections • Limited drilling coverage • Target - thickened area of the sulphide body with better copper and gold grades • Open at depth to north and south • Promisin
Slide 8: A Substantial Gossan on Massive Pyrite
One Mile Project – Gossan A Substantial Gossan on Massive Pyrite For personal use only
Slide 9: Gossan
One Mile Project – Gossan Gully exposure of gossan For personal use only Interpreted Interpreted Pyritic Schist Massive Sulphide Semi-Massive Interpreted (0.92 g/t Au) Sulphide Footwall
Slide 10: Main Lode: Gossans and Drill Holes on Magnetics
One Mile Project – Main Lode Gossans and Drill Holes on Magnetics For personal use only • Gossan/Lode extends over 800m strike length • Improvement in width and grade of the massive and semi-massive sulphides to the south down the plunge of the sulphide body • Best intersection from drilling in hole
Slide 11: Main Lode: Cross Section 1950N (2011)
One Mile Project – Main Lode Cross Section 1950N (2011) For personal use only • Gossanous lode outcrop • Hole SPOM013 - narrow pyritic alteration zone enclosing a thin massive / semi- massive sulphide lode (0.47% Cu eq.) • Hole SPOM004 - narrow pyritic alteration zone enclosing a wider massive / sem
Slide 12: Main Lode: Cross Section 1850N (2012)
One Mile Project – Main Lode Cross Section 1850N (2012) For personal use only • Gossanous lode outcrop • Hole SPOM016 - narrow pyritic alteration zone enclosing a thin massive / semi- massive sulphide lode (0.83% Cu eq.) • Hole SPOM023 - wide pyritic alteration zone enclosing a wide massive / semi-m
Slide 13: Main Lode: Long Section
For personal use only One Mile Project – Main Lode LONG SECTION 1850N 1950N
Slide 14: Drill Hole SPOM012
For personal use only One Mile Project – Main Lode Drill Hole SPOM012 • Massive and semi-massive sulphides (pyrite with chalcopyrite and sphalerite) • Coarse grained due to amphibolite metamorphic grade • Alteration – muscovite (after sericite), biotite, phlogopite and silica
Slide 15: Main Lode
For personal use only One Mile Project – Main Lode
Slide 16: Main Lode
For personal use only One Mile Project – Main Lode
Slide 17: New Targets: IP Survey
One Mile Project – New Targets IP Survey – Chargeability (N = 2) IP Survey – Chargeability (N = 4) For personal use only • Shallow anomaly over gossan and underlying • Deeper anomaly over the Atkinson target to massive sulphide the west of the gossan – undrilled Dam Atkinson Main Target Target Zone
Slide 18: New Targets
For personal use only One Mile Project – New Targets
Slide 19: New Targets: VTEM Anomalies
One Mile Project – New Targets Surface Dam Conductor VTEM For personal use only Anomaly North Weak VTEM Anomaly Atkinson VTEM Anomaly VTEM Early Channel VTEM Late Channel (Surface Conductors) (Bedrock Conductors)
Slide 20: New Targets: Conductivity Sections
One Mile Project – New Targets Conductivity Sections For personal use only • Derived from VTEM data • Atkinson target is the best anomaly in the VTEM survey – A prime drilling target • Coincident with IP anomaly • Depth – 150m • Expected to be steeply dipping Chargeability Sections
Slide 21: New Targets: North Gossan
One Mile Project – New Targets North Gossan For personal use only • Large gossan outcrop after massive sulphides protruding from laterite indicates good potential in the North target area – not drilled North Gossan • Close-up photograph of gossan outcrop North Gossan Magnetics
Slide 22: Cockie Creek Copper Prospect
Cockie Creek Copper Prospect Easting Northing From To Length Cu Au Mo For personal use only Hole MGA Z55 MGA Z55 (m) (m) (m) (%) (g/t) (ppm) CRC002 267380 7904295 0 68 68 0.74 0.12 92 CRC009 267356 7904243 66 163 97 0.48 0.07 114 CRC010 267353 7904283 11 85 74 0.42 0.08 78 CRC011 267320 7904295 1 80
Slide 23: Targets
For personal use only One Mile Project - Targets Main Target Zone Improving widths and copper-gold-zinc-silver grades. Open at depth to the south and north Other Target Zone Atkinson - coincident IP and VTEM anomalies – undrilled North - large gossan outcrop protruding from laterite – undrilled Dam
Slide 24: Tick Hill Project
For personal use only Tick Hill Project Tick Hill Project High-Grade Gold
Slide 25: Tick Hill Gold Project Summary
Tick Hill Gold Project Summary For personal use only • 110km SE Mount Isa • Three granted mining leases (renewed for 10 years) • Diatreme Resources Limited is purchasing the leases from Xstrata • Heads of agreement for Superior to farm in ($1M expenditure for 50% equity) • Agreement subject to: Tran
Slide 26: Tick Hill Gold Project
For personal use only Tick Hill Gold Project
Slide 27: Tick Hill Gold Mine (circa 1993)
Tick Hill Gold Project Tick Hill Gold Mine (circa 1993) looking easterly For personal use only
Slide 28: Tick Hill Gold Mine
For personal use only Tick Hill Gold Mine
Slide 29: Tick Hill Open Pit – North End
For personal use only Tick Hill Open Pit – North End Decline Portal (Capped) Footwall Quartzite tion Biotite-Scapolite osi Schist eP Lod Calc-Silicates
Slide 30: Tick Hill Open Pit – South End
For personal use only Tick Hill Open Pit – South End Hangingwall Quartzite Calc-Silicates Lo Biotite-Scapolite de Schist Po sit io n
Slide 31: Tick Hill Ore (Laminite or Galahstone)
Tick Hill Gold Project Tick Hill Ore (Laminite or Galahstone) For personal use only Gold rich band Gold
Slide 32: Tick Hill Soil Sampling
For personal use only Tick Hill Gold Project Tick Hill Soil Sampling Gold
Slide 33: Down Plunge View showing Gold Assays in Drilling
For personal use only Tick Hill Gold Project Down Plunge View showing Gold Assays in Drilling
Slide 34: 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 35: 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 • Superior proposes to drill o
Slide 36: High grade historic gold production
For personal use only Tick Hill Gold Project 9 High grade historic gold production 9 513,333 ounces of gold at a recovered grade of 22.6 g/t gold 9 At $1550/ounce worth A$795,666,000 9 If found today, a similar ore body would generate substantial net cash 9 Granted Mining Leases with previous mining
Slide 37: Northwest Queensland Copper & Lead-Zinc-Silver
For personal use only Northwest Queensland Northwest Queensland Copper & Lead-Zinc-Silver
Slide 38: NWQ – Base Metal Prospects
NWQ – Base Metal Prospects Northwest Queensland Base Metal For personal use only Prospects • Five major prospects with potential for large Mount Isa style copper and lead-zinc-silver deposits • Four with drilling targets already defined • Superior proposes to progress these properties preferrably in
Slide 39: Nicholson West – Pb, Zn, (Cu) Summary
Nicholson West – Pb, Zn, (Cu) Summary For personal use only • 350km NNW Mount Isa • 100% owned and granted EPM • Mount Isa style lead-zinc-silver target (copper potential also) • Late channel VTEM anomaly • Ready to drill with four vertical holes proposed to depths of 400 – 500m initially only one h
Slide 40: Nicholson West: VTEM Channel 6340 Image
Nicholson West – Pb, Zn, (Cu) VTEM Channel 6340 Image For personal use only • Late channel VTEM anomaly at about 300m depth • Approximately the size of a HYC or Century deposit • VTEM anomaly sourced from the Mount Les Siltstone within the Hedleys Graben • Other two VTEM anomalies are near surface a
Slide 41: Nicholson West Prospect: Conductivity Sections
Nicholson West Prospect Conductivity Sections For personal use only • Conductivity sections generated from VTEM data • Flat-lying conductivity Conductivity Anomaly anomaly at about 300m depth within the Mt Les Siltstone • Similar response to that over the deeper pyrite at the Walford Creek Prospect
Slide 42: Nicholson West: Hedleys Creek Geology
Nicholson West – Pb, Zn, (Cu) Hedleys Creek Geology (1:100,000) For personal use only • VTEM anomaly over the Pfd2 and Pfd3 units of the Doomadgee Formation which overlie the Mount Les Siltstone which is host to the Walford Creek Deposit • Rocks are very shallow dipping • VTEM anomaly is adjacent to
Slide 43: Harris Creek Summary
Harris Creek Summary For personal use only • 170km NNW Mount Isa • Extensive soil lead anomalies in Cambrian to south of area • Harris Creek EPM contains a late channel Geotem EM anomaly beneath about 200m of Cambrian sedimentary cover • Harris Creek EPM granted • Major NNE trending gravity and magn
Slide 44: Harris Creek: Geotem Channel 16X Image
Harris Creek Geotem Channel 16X Image • Late channel airborne EM anomaly within EPM18840 “Harris Creek” For personal use only
Slide 45: Kingfisher Copper Prospect Summary
Kingfisher Copper Prospect Summary For personal use only • 180km NNW Mount Isa • 50km SSE Century • Target is a Mount Isa style copper deposit • Extensive surface copper mineralisation is possible leakage from deeper mineralisation • Previously drilled by CRAE (mostly shallow) • Located in ‘Wild Riv
Slide 46: Kingfisher Copper Prospect
Kingfisher Copper Prospect Old copper workings in basal Cambrian breccia For personal use only
Slide 47: Kingfisher Copper Prospect
Kingfisher Copper Prospect Outcropping copper in silicified and brecciated Proterozoic dolomitic siltstones For personal use only
Slide 48: Kingfisher Copper Prospect: Gravity Image
Kingfisher Copper Prospect Gravity Image For personal use only • Gravity anomalies correspond well with copper mineralisation • Anomalies provide a number of deeper drilling targets • Drilling subject to access into the ‘Wild Rivers’ area
Slide 49: Future Program
For personal use only Future Program Exploration on a number of quality properties in NWQ for large deposits of copper and lead-zinc-silver (possibly with partner) Thank You
Superior Resources — Investor Presentation (October 2012) on 6ix