Superior Resources Limited · ASX:SPQ

Superior Resources — Shareholder Meeting (November 2025)

37 slides from Superior Resources's shareholder meeting presentation, Nov 27, 2025

  1. Slide 1: 2025 Annual General Meeting: Developing Steam Engine Gold

    2025 Annual General Meeting Developing Steam Engine Gold within Australia’s newest Porphyry Copper Belt 27 November 2025 ASX:SPQ

  2. Slide 2: Important Information

    IMPORTANT INFORMATION Information Purposes: This document is for information purposes only. The information contained in this document does not constitute an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in Superior Resources Limited (Superior) in an

  3. Slide 3: Corporate Overview

    CORPORATE OVERVIEW Share Price1 Issued Shares Market Cap $0.011 2.37B $26.1M Cash2 Debt Top 20 Holdings Carlos Alberto Fernicola $0.3M $Nil 35% Non-Executive Chairman B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcctg, GDippAppFinInv, Price and volume GDipAppCorpFin 35 0.015 30+ years experience in acco

  4. Slide 4: 2025 – Delivering Strategy Outcomes

    Gold: A$6,400 /oz 2025 – DELIVERING STRATEGY OUTCOMES Copper: US$5.04 /lb (as at 25 November 2025) Near-term gold production whilst growing copper inventory Near-Term Gold Production Steam Engine: Scoping Study → Feasibility Study → Toll Treatment “Superior’s 100%-owned portfolio of district-scale,

  5. Slide 5: District-Scale Tier 1-potential projects

    Gold: A$6,400 /oz DISTRICT-SCALE Tier 1-potential projects Copper: US$5.04 /lb (as at 25 November 2025) Sector-leading portfolio: Near-term Au production | Porphyry Cu-Au Belt | Ni-Cu-PGE | U | SEDEX Zn-Pb Expanded Project7: 2,820 km2 → 4,116 km2 Greenvale Steam Engine Gold Project | 194,000oz Au Pr

  6. Slide 6: Greenvale Project

    Gold: A$6,400 /oz GREENVALE PROJECT Copper: US$5.04 /lb (as at 25 November 2025) Transitioning to Gold production within Porphyry Copper-Gold & Nickel Sulphide Belts NORTHERN EXTENSION OF MACQUARIE ARC Total Area8: 4,116 km2 Orogenic / Intrusion-Related Gold Porphyry Cu-Au Belt | Tier 1 potential Po

  7. Slide 7: Steam Engine Gold Project

    Gold: A$6,400 /oz STEAM ENGINE GOLD PROJECT Copper: US$5.04 /lb (as at 25 November 2025) A strategic Gold development project • Positive Scoping Study indicates significant cash flow from open-pit mining and toll treatment • Feasibility Study underway • 194,000oz @ 1.37g/t Au – a growing Resource wi

  8. Slide 8: Steam Engine Gold Project

    Gold: A$6,400 /oz STEAM ENGINE GOLD PROJECT Copper: US$5.04 /lb (as at 25 November 2025) BOTTLETREE Windmill East & Origin Lodes Southern Zone Lodes 11 April 2022 Mineral Resource shown for spatial context and illustrative purposes only. The Steam Engine Mineral Resource was updated during 2025 (Ref

  9. Slide 9: Steam Engine Gold Project: Resource expansion potential

    Gold: A$6,400 /oz STEAM ENGINE GOLD PROJECT Copper: US$5.04 /lb (as at 25 November 2025) Resource expansion potential14 Significant undefined linear SAM TFEM feature Steam Engine Location of Steam Engine high grade gold zone Eastern Steam Engine Ridge Lode Potential southern extension of Steam Engin

  10. Slide 10: Steam Engine Gold Project: Mineral Resource expansion continues

    Gold: A$6,400 /oz STEAM ENGINE GOLD PROJECT Copper: US$5.04 10 /lb (as at 25 November 2025) Mineral Resource expansion continues | Large deposit potential Steam Engine Resource Au Movement (Oz) (2017 – 2025) 17 200,000 180,000 Inferred Inferred 160,000 65,000 75,000 140,000 120,000 Mineral Resource

  11. Slide 11: Financially robust Scoping Study outcomes

    Gold: A$6,400 /oz STEAM ENGINE GOLD PROJECT Copper: US$5.04 /lb (as at 25 November 2025) Financially robust Scoping Study outcomes18 Toll Treatment Stand-Alone Processing Quarterly Gold Production by Resource Classification Parameter Base Case Upside Case Base Case Upside Case Toll Treatment Scenari

  12. Slide 12: Scoping Study outcomes – Toll Treatment

    Gold: A$6,400 /oz STEAM ENGINE GOLD PROJECT Copper: US$5.04 /lb (as at 25 November 2025) Financially robust Scoping Study outcomes – TOLL TREATMENT 21 Sensitivity to key assumptions (Cash Flow) Scenario comparisons (NPV / Au Production) A$4,250/oz Au A$3,900/oz Au Revenue A$3,250/oz Au Factor 1.2 Pi

  13. Slide 13: Scoping Study outcomes – Stand-Alone Processing

    Gold: A$6,400 /oz STEAM ENGINE GOLD PROJECT Copper: US$5.04 /lb (as at 25 November 2025) Financially robust Scoping Study outcomes – STAND-ALONE PROCESSING22 Sensitivity to key assumptions Scenario comparisons (Cash Flow) (NPV / Au Production) A$3,250/oz Au A$3,900/oz Au Revenue Revenue Factor 1.2 P

  14. Slide 14: Greenvale Porphyry Province: Copper

    Gold: A$6,400 /oz GREENVALE PORPHYRY PROVINCE Copper: US$5.04 /lb (as at 25 November 2025) Copper Tier 1 Projects & High Grade Cu Projects 14

  15. Slide 15: Macquarie Arc – an overview

    Gold: A$6,400 /oz MACQUARIE ARC – an overview Copper: US$5.04 /lb (as at 25 November 2025) THE MOST ECONOMICALLY PROLIFIC PORPHYRY BELT IN AUSTRALIA Macquarie Arc in NSW >115Moz gold / >30Mt Copper | e.g. Cadia (>50Moz Au, >10Mt Cu) CHALLENGES within NSW MACQUARIE ARC - Lack of opportunities to secu

  16. Slide 16: Tier 1 Porphyry Cu – Macquarie Arc

    Gold: A$6,400 /oz TIER 1 PORPHYRY Cu – MACQUARIE ARC Copper: US$5.04 /lb (as at 25 November 2025) UNREALISED MACQUARIE ARC OPPORTUNITY:  NORTHERN EXTENSION OF MACQUARIE ARC IN QUEENSLAND GREENVALE PORPHYRY BELT Superior holds 100% of the only island arc porphyry belt considered to be preserved Macq

  17. Slide 17: What might a discovery look like???

    Gold: A$6,400 /oz WHAT MIGHT A DISCOVERY LOOK LIKE??? Copper: US$5.04 /lb (as at 25 November 2025) What might a discovery look like??? Cadia-Ridgeway Discovery drill sequence  Without a porphyry focus, the Cadia main deposits took decades to discover and numerous drill holes.  Early 1995, they cha

  18. Slide 18: The Opportunity – Greenvale Porphyry Belt

    Gold: A$6,400 /oz THE OPPORTUNITY – Greenvale Porphyry Belt Copper: US$5.04 /lb (as at 25 November 2025) Superior holds 100% of the Greenvale Porphyry Belt Total Area8: 4,116 km2  >75km porphyry copper belt  Multiple porphyry intrusive complexes Porphyry Cu-Au Numerous named and exposed at surface

  19. Slide 19: Bottletree: A large-scale Porphyry Cu-Au-Mo System

    BOTTLETREE A large-scale Porphyry Cu-Au-Mo System within a new porphyry belt 19

  20. Slide 20: Bottletree

    Gold: A$6,400 /oz BOTTLETREE Copper: US$5.04 /lb (as at 25 November 2025) Ready to drill-test several porphyry core targets Discovery Outcrop gossan From grass-roots to a 2.0km x 1.5km alteration W E large porphyry deposit and soil geochem system in 3 years and 6 footprint holes Strong copper zones

  21. Slide 21: Bottletree: Ready to drill-test several porphyry core targets

    Intense Cu and Mo mineralisation BOTTLETREE * Refer ASX announcements Ready to drill-test several porphyry core targets dated 12 April 2023 and 1 August 2024 Soil Cu background Porphyry core target Porphyry core target BTDD010, 474m – 476m BTDD006 – 531.7m – Intense molybdenum quartz-pyrite-chalcopy

  22. Slide 22: Cockie Creek

    Gold: A$6,400 /oz COCKIE CREEK Copper: US$5.04 /lb (as at 25 November 2025) Strong Porphyry Cu-Au-Mo mineralisation | Large intrusive complex Soil Cu over RTP Magnetics MULTIPLE PORPHYRY CORE POTENTIAL27: Historical Mineral Resource • Historical Porphyry Cu-Au Mineralisation above a large, intense I

  23. Slide 23: Cockie Creek

    COCKIE CREEK Refer ASX announcement dated 7 September 2023 Strong Porphyry Cu-Au-Mo mineralisation | Large intrusive complex Soil Cu over RTP Magnetics PLANNED NEXT STAGE: • Maiden JORC (2012) Mineral Resource Estimate scheduled for release Q2 2026 • Drill-test interpreted porphyry intrusions • Dril

  24. Slide 24: Wyandotte

    WYANDOTTE High Grade Au-Cu-Ag | Interpreted porphyry Cu-Au-Mo system • Shallow, high grade Cu lode (semi-massive chalcopyrite- bornite) with potential for down-dip extensions • Surrounded by four interpreted buried porphyry intrusions • Potential for significant Cu-Au-Mo porphyry system, as well as

  25. Slide 25: Halls Reward

    HALLS REWARD 29. White, D.A. et.al., 1958, Geology of the Hall’s Reward Copper Mine Area, Northern Queensland, BMR Record 1958/60 High Grade Cu-Au-Ag • Small-scale historical mining (1933-1957) 50m x 45m max depth – 12,800t @ 5g/t Au, 17% Halls Reward Cu, 23g/t Ag29 Mine • Main Lode potential extens

  26. Slide 26: SPQ: A Compelling Opportunity

    Gold: A$6,400 /oz SPQ: A COMPELLING OPPORTUNITY Copper: US$5.04 /lb (as at 25 November 2025) REEs LEVERAGED STEAM ENGINE BOTTLETREE MINIMAL CORP. FOCUSED To the booming gold GOLD PROJECT COPPER EXPENDITURE On becoming a and copper sectors Near-term production & several other Cu Shareholders’ funds s

  27. Slide 27: Additional Slides

    ~ Superior Resources

  28. Slide 28: Hedleys Uranium

    HEDLEYS URANIUM 30. World Nuclear Association Refer ASX announcement dated 30 September 2009 Compelling large-scale uranium potential • Strong uranium radiometric anomaly related to Radon Gas dissolved in spring waters along a major Strong ‘eUranium’ Anomaly 40 fault Radon Gas eU 30 Anomaly (ppm) 20

  29. Slide 29: Magmatic Ni-Cu-PGE Sulphide

    MAGMATIC Ni-Cu-PGE SULPHIDE Palmer Rails | Phantom | Dido | Big Mag Known and interpreted mafic/ultramafic intrusions Proven Nickel-Copper-PGE sulphide province – but practically unexplored by drilling  40+ intrusions – Only 1 drilled  Troctolites, pyroxenites and gabbronorites indicative of large

  30. Slide 30: Magmatic Ni-Cu-PGE Sulphide

    MAGMATIC Ni-Cu-PGE SULPHIDE Refer ASX announcement dated 16 March 2022 Palmer Rails | Phantom | Big Mag Palmer Rails Phantom Big Mag 1 km 30

  31. Slide 31: Magmatic Ni-Cu-PGE Sulphide: Palmer Rails

    MAGMATIC Ni-Cu-PGE SULPHIDE Palmer Rails E.g., LYDD08-005:  0.37% Ni, 0.13% Cu, 0.01g/t Pt, 0.03g/t Pd (27-29m)  0.23% Ni, 0.07% Cu, 0.12g/t Pt, 0.37g/t Pd 0.3g/t Au (29-31m)  0.38% Ni, 0.22% Cu, 0.01g/t Pt, 0.12g/t Pd (31-33m)  0.15%Ni, 0.14%Cu, 0.01g/t Pt, 0.01g/t Pd (317-319m) Palmer Rails No

  32. Slide 32: Appendices

    ~ Superior Resources Appendices x at Th “a 4

  33. Slide 33: Appendix References | ASX Announcements

    APPENDIX References | ASX Announcements References: ASX Announcements • • “Quarterly Activities Report”, dated 30 September 2009 “Cockie Creek Copper Prospect, Inferred Resource”, dated 27 March 2013 • “Greenvale Project Update, New Projects and Drill Targets”, dated 2 November 2016 • “Maiden JORC i

  34. Slide 34: Appendix References | ASX Announcements

    APPENDIX References | ASX Announcements References: ASX Announcements • “Steam Engine Project Phase 2 Drill Results – First assays further define high grade Au shoot at Eastern Ridge Lode with ground-breaking implications for Steam Engine Lode”, dated 20 December 2024 • “Halls Reward Cu-Au-Ag Mine –

  35. Slide 35: Appendix Mineral Resource Estimates

    APPENDIX Mineral Resource Estimates Steam Engine Project – November 2025 – original ASX announcement: “Steam Engine Mineral Resource References: ASX Announcements Estimate Update – Major growth potential across 10km strike”, dated 13 November 2025 Grade Ounces Model Classification Tonnes (g/t Au) (A

  36. Slide 36: Appendix Mineral Resource Estimates

    APPENDIX Mineral Resource Estimates Steam Engine Project – March 2021 – original ASX announcement: “Steam Engine revised Mineral References: ASX Announcements Resource Estimate: JORC Measured and Indicated Resources upgraded by 31%”, dated 22 March 2021 Grade Ounces Classification Tonnes (g/t Au) (A

  37. Slide 37: Contact Us

    Contact Us Email: manager@superiorresources.com.au Phone: +61 7 3847 2887 Website: www.superiorresources.com.au 37

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