Superior Resources Limited · ASX:SPQ
Superior Resources — Shareholder Meeting (November 2022)
30 slides from Superior Resources's shareholder meeting presentation, Nov 29, 2022
Slide 1: Annual General Meeting 2022
Annual General Meeting 2022 Peter Hwang, Managing Director 29 November 2022 ASX:SPQ
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
Slide 3: Value snapshot 2022
Growth through discovery – multiple tier 1-potential exploration projects Value snapshot 2022 Leveraging the green transition Porphyry Discovery New Porphyry Province Transformational advances towards Recognition of new porphyry Cu-Au significant Cu-Au-Mo porphyry discovery at province with numerous
Slide 4: Corporate snapshot
Introduction Corporate snapshot Share Price1 Issued Shares 1. As at 25 November 2022 Market Cap $0.059 1,701m $100m Cash Debt Top 20 Holdings Carlos Alberto Fernicola $1.7M $nil 36% Non-Executive Chairman B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcctg, GDippAppFinInv, GDipAppCorpFin 90 0.07 Overview
Slide 5: Project portfolio – 100% SPQ
Growth through discovery – multiple tier 1-potential exploration projects Project portfolio – 100% SPQ Leveraging the green transition with Tier 1-potential Feasibility Study Resource definition / Significant mineralisation Advanced exploration QLD Exploration
Slide 6: Strategic overview
Growth through discovery – multiple tier 1-potential exploration projects Strategic overview Driving value within the global green economic transition Maximise market returns Future-facing commodities focus Commencing new projects in 2023 Tier 1-potential projects • Drilling two additional porphyry
Slide 7: Greenvale Project
Growth through discovery Greenvale Project Link to Island Arc schematic Porphyry Copper, Nickel Belt – Why the concentration of copper and nickel? Total area: 2,307 km2 Radiometrics (RGB) Aerial Magnetics (RTP) Ordovician island arc setting Extension of Macquarie Arc Wyandotte in NSW Galah Dam Cocki
Slide 8: Bottletree
Growth through discovery Bottletree Buried Cu-Au-Mo porphyry system discovery Porphyry Cu-Au-Mo Porphyries and “Text-book” porphyry potassic alteration intersected in Hole 5 (450m to 650m) potential porphyries • 2km x 1.5km soil Cu anomaly • Large intense MIMDAS IP anomaly on NE edge • Hole 4 (2021)
Slide 9: Bottletree
Greenvale Project Link to conceptual Bottletree Original IP anomaly porphyry system Buried Cu-Au-Mo porphyry system Wall-rock Porphyry Target zone zone Interpreted porphyry cores Intrusion Ring – Satellite 500m imagery 500m Target Zone Refer ASX announcement dated 30 September 2022
Slide 10: Bottletree – Buried Cu-Au-Mo porphyry system discovery!
Greenvale Project Bottletree – Buried Cu-Au-Mo porphyry system discovery! We are targeting alteration – alteration is the key porphyry pathfinder BTDD010 @ ~475m at this stage – Not Cu% ! Intense Mo mineralisation Refer ASX announcement dated 24 August 2022
Slide 11: Bottletree
Greenvale Project • Modern multi-element soil survey data indicate that high copper levels Bottletree • continue undercover to the west of current area of focus. Structural data from current drilling indicates that many interpreted late- Buried Cu-Au-Mo porphyry system stage dacite porphyry intrusio
Slide 12: Greenvale Project – Cockie Creek Porphyry Copper
Growth through discovery Greenvale Project • Porphyry Cu-Au Mineral Resource above a large IP chargeability anomaly Cockie Creek Porphyry Copper • Surrounded by three interpreted buried porphyry intrusions • 13Mt @ 0.42% Cu2 (JORC 2004), based on approx. half the strike length of copper Porphyries a
Slide 13: Greenvale Project – Cockie Creek Porphyry Copper
Growth through discovery Greenvale Project Cockie Creek Porphyry Copper Porphyries and 3D modelled IP potential porphyries chargeability Approx zone of 2013 Mineral Resource estimate Cockie Creek Cockie Creek Bottletree Bottletree
Slide 14: Greenvale Project – Wyandotte Copper Deposit
Growth through discovery Greenvale Project Wyandotte Copper Deposit • Shallow, high grade Cu lode (semi- massive chalcopyrite-bornite) with potential for down-dip extensions Wyandotte • Surrounded by four interpreted buried porphyry intrusions Porphyries and potential porphyries • Potential for sign
Slide 15: Magmatic Ni-Cu-Co-PGE sulphide project
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project Proven Nickel-Copper-PGE sulphide province – but practically unexplored by drilling Ni-Cu-PGE Project tenement area: 2,058km2 (including new applications) (Julimar Project area ~750km2 (ASX:CHN)) 40+ fertile troctolite intrusions – Only 1
Slide 16: Magmatic Ni-Cu-Co-PGE sulphide project
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project Regional Magnetics Spectrem Air EM, magnetics, radiometrics, DEM Schematic showing the development of magmatic Ni-Cu- PGE sulphide deposits of the Norilsk/Voisey’s Bay type Luolavirta, K (2018)
Slide 17: Magmatic Ni-Cu-Co-PGE sulphide project
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project Known and interpreted Numerous troctolite, pyroxenite and gabbronorite intrusions across entire mafic/ultramafic intrusions project area indicative of large-scale magmatic Ni-Cu-PGE sulphide ore bodies similar to Norilsk/Voisey’s Bay Micro
Slide 18: Magmatic Ni-Cu-Co-PGE sulphide project
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project Phantom Airborne Magnetics (RTP) Big Mag EM targets 1 km
Slide 19: Magmatic Ni-Cu-Co-PGE sulphide project – Palmer Rails
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project – Palmer Rails TMI – 1VD 9 diamond drill holes (2,700m) Targeted IP and soil anomalies Intersected mafic/ultramafic intrusions Palmer incl gabbronorite, troctolite, Rails pyroxenite North “Extremely encouraging”: Intrusions show substa
Slide 20: Magmatic Ni-Cu-Co-PGE sulphide project – Palmer Rails
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project – 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/
Slide 21: SPQ – a compelling investment case
Growth through discovery – multiple tier 1-potential exploration projects SPQ – a compelling investment case Leveraging the green transition REEs Undisputed most critical Perfect timing Ramping up drilling on additional Newly recognised element for Zero-Carbon Target Transformational advances porphy
Slide 22: Appendices
( Superior v Resources
Slide 23: Steam Engine – Highly positive Scoping Study
Greenvale Project Steam Engine – Highly positive Scoping Study Base Case Upside Case Parameter @ A$2,200 /oz Au @ A$2,500 /oz Au Financial Summary Overall Cash Flow (post-tax) A$24.2M A$41.0M NPV7% (post-tax) A$21.2M A$35.9M Internal Rate of Return (IRR) (post- 242% 410% tax) All-in Sustaining Costs
Slide 24: Steam Engine – Current program timeline
Greenvale Project Steam Engine – Current program timeline Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Feasibility Study Stage 1 Drilling – Maiden drilling of Dinner Creek Lode Stage 3 Drilling – Extensional Steam Engine, Eastern Ridge – New lode zones Geophysics and Soil Sampling – Steam Engine extensio
Slide 25: Steam Engine Project – Potential new lodes
Steam Engine Project – Potential new lodes Dinner Creek Lode Potential additional lodes under shallow cover
Slide 26: Mt Isa-style Zn-Pb-Ag-Cu targets
Nicholson and Victor Projects Mt Isa-style Zn-Pb-Ag-Cu targets o Located within Carpentaria Zinc Province, which contains 20% of the world’s zinc inventory o Underexplored – the most likely area to make the next Mount Isa discovery
Slide 27: Nicholson West and Walford South targets
Nicholson Project Nicholson West and Walford South targets Walford South: Tier 1-potential VTEM, gravity and AMT target Coincident VTEM, gravity and associated AMT anomalies Anomalies adjacent to al least two major fault structures Previous SPQ drilling (3 holes) intersected “classic” well-dev
Slide 28: Island Arc setting
Island Arc setting: Schematic subduction zone with oceanic plate, trench and accretionary wedge, arc and forearc and back arc basin Wikimedia Commons, User MagentaGreen (CC BY-SA)
Slide 29: Porphyry Cu-Au system
STAGED PORPHYRY Cu-Au EVOLUTION EARLY EMPLACEMENT, PROGRADE PROGRESSIVE COOLING & DRAW DOWN, sen CONTINUED MINERALISATION wy yprsegeecielapytinjeuldiney & EARLY MINERALISATION & LATE MINERALISATION LATE SHUT DOWN & POST-MINERAL structure tourmaline breccia pipe | PROPYLITIC ofl Zoned potassic to inn
Slide 30: Contact Us
Contact Us Email: manager@superiorresources.com.au Phone: +61 7 3847 2887 Website: www.superiorresources.com.au
Superior Resources — Shareholder Meeting (November 2022) on 6ix