Superior Resources Limited · ASX:SPQ
Superior Resources — Investor Presentation (October 2011)
34 slides from Superior Resources's investor presentation, Oct 25, 2011
Slide 1: Superior Resources Limited Presentation October 2011
Superior For personal use only Resources Limited Presentation October 2011 Ken Harvey Managing Director
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 Aim Discovery of a Mount Isa Style Copper Deposit (Discovery of a VMS copper-gold or Tick Hill gold deposit) ASX Listed on ASX in November 2007 Shares On
Slide 4: Target Overview
For personal use only Target Overview Mount Isa Style Targets A number of tenements held in northwest Queensland for Mount Isa style copper and lead-zinc-silver deposits with five main prospects defined Palaeozoic VMS Copper-Gold One Mile Mining Lease in northeast Queensland Proterozoic Gold Tick Hi
Slide 5: NWQ – Base Metal Prospects
NWQ – Base Metal Prospects Northwest Queensland Base Metal Prospects For personal use only • Five major prospects with potential for large Mount Isa style copper and lead-zinc-silver deposits • All with drilling targets already defined • Superior proposes to progress these properties in a JV with a
Slide 6: NWQ – Other Targets
NWQ – Other Targets Northwest Queensland Other Projects For personal use only • Gold, phosphate and uranium • Hedleys uranium (not granted) • Wills and Yelvertoft phosphate • Tick Hill and Quita gold
Slide 7: 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 • Not in Wild Rivers
Slide 8: 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 9: 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 10: Hedleys Creek Geology (1:100,000)
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 overlies the Mount Les Siltstone which is host to the Walford Creek Deposit • Rocks are very shallow dipping • VTEM anomaly is adjacent t
Slide 11: 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 12: Kingfisher Copper Prospect – Old copper workings
Kingfisher Copper Prospect Old copper workings in basal Cambrian breccia For personal use only
Slide 13: Kingfisher Copper Prospect – Outcropping copper
Kingfisher Copper Prospect Outcropping copper in silicified and brecciated Proterozoic dolomitic siltstones For personal use only
Slide 14: 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 15: Undilla - Harris Creek Summary
Undilla - Harris Creek Summary For personal use only • 170km NNW Mount Isa • Cooperation agreement with Hapsburg on four EPMs to farm-out the Undilla Project • Extensive soil lead anomalies in Cambrian • Harris Creek EPM contains a late channel Geotem EM anomaly beneath about 200m of Cambrian sedime
Slide 16: Undilla - Harris Creek Northwest Queensland Lead Image
Undilla - Harris Creek Northwest Queensland Lead Image For personal use only • Lead anomaly in soils and streams at Undilla of a similar order and size (30km X 30km) to that around Mount Isa • Soil leads over 1% at Tomahawk Prospect • Potential for Mississippi Valley style lead-zinc in Cambrian rock
Slide 17: 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 18: Undilla - Harris Creek Gravity Image
Undilla - Harris Creek Gravity Image For personal use only • Major NNE trending gravity lineament through the Undilla area
Slide 19: Undilla - Harris Creek Magnetics (RTP) Image
Undilla - Harris Creek Magnetics (RTP) Image For personal use only • Major NNE trending magnetic lineament through the Undilla area broadly coincident with the gravity lineament
Slide 20: Tick Hill Gold Project Summary
Tick Hill Gold Project Summary For personal use only • 110km SE Mount Isa • Three granted mining leases (renewals in progress) • 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: Rene
Slide 21: Tick Hill Gold Mine (circa 1993)
Tick Hill Gold Project Tick Hill Gold Mine (circa 1993) looking easterly For personal use only
Slide 22: Tick Hill Ore (Laminite or Galahstone)
Tick Hill Gold Project Tick Hill Ore (Laminite or Galahstone) For personal use only Gold band
Slide 23: Tick Hill Ore (Laminite or Galahstone)
Tick Hill Gold Project Tick Hill Ore (Laminite or Galahstone) For personal use only Gold band
Slide 24: Tick Hill Ore – Polished Section
Tick Hill Gold Project Tick Hill Ore – Polished Section For personal use only
Slide 25: Tick Hill 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 26: Tick Hill 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 (60m 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 27: One Mile Mining Lease Summary
For personal use only One Mile Mining Lease Summary • Purchased early 2011 • 210km WNW Townsville • 16km SE Balcooma • Wholly owned Mining Lease (ML6750) • Surrounding EPMA (competitive) • Outcropping gossan • VMS sulphide body • Drilling in progress
Slide 28: One Mile - Gossan
One Mile - 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 29: One Mile Gossans on Magnetic Image (RTP)
One Mile Mining Lease Gossans on Magnetic Image (RTP) For personal use only • Gossan extends over 800m • Drilling in progress to southwest of the gossans targeting a steep west-dipping disseminated sulphide zone containing an horizon of massive and semi-massive sulphides • Best intersection from RC
Slide 30: One Mile Mining Lease Long Section
For personal use only One Mile Mining Lease One Mile Mining Lease Long Section • Best intersection is 8m @ 0.32% Cu and 0.37g/t Au • Diamond drilling in progress
Slide 31: Drill Hole SPOM004
For personal use only One Mile Mining Lease Drill Hole SPOM004 • Semi-massive sulphides (mainly pyrite with chalcopyrite and sphalerite) • Coarse grained due to amphibolite metamorphic grade • Alteration – muscovite (after sericite), biotite, phlogopite and silica
Slide 32: Drill Hole SPOM012
For personal use only One Mile Mining Lease Drill Hole SPOM012 • Massive and semi-massive sulphides (mainly pyrite with chalcopyrite and sphalerite) • Coarse grained due to amphibolite metamorphic grade • Alteration – muscovite (after sericite), biotite, phlogopite and silica
Slide 33: One Mile Mining Lease Future Program
One Mile Mining Lease Future Program For personal use only • Outcropping VMS deposit within a granted mining lease with limited drilling intersecting the sulphide body • Intersections to date are sub-economic but drilling coverage is very poor and shallow • Superior’s primary target is a thickened a
Slide 34: Future Program
For personal use only Future Program Exploration on a number of properties in NWQ for large deposits of copper and lead-zinc- silver (possibly with partner) Exploration of the One Mile ML for copper-gold deposits of the VMS type Exploration of the Tick Hill Project for high-grade gold (subject to co
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