Superior Resources Limited · ASX:SPQ
Superior Resources — Noosa Mining and Investor Conference 2022
30 slides from Superior Resources's conference presentation, Nov 10, 2022
Slide 1: Discovering QLD’s new future-facing metals provinces
Discovering QLD’s new future-facing metals provinces Corporate Strategy Development Noosa Mining and Investor Conference 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: SPQ – a compelling investment case
Growth through discovery – multiple tier 1-potential exploration projects SPQ – a compelling investment case Leveraging the green transition REEs Perfect timing Newly recognised Ramping up Cu, Ni-PGE drilling Undisputed most critical element for Zero-Carbon Target Transformational advances towards m
Slide 4: Corporate snapshot
Introduction Corporate snapshot Share Price1 Issued Shares 1. As at 4 November 2022 Market Cap $0.058 1,701m $98m Cash Debt Top 20 Holdings Carlos Alberto Fernicola $1.8M $nil 36% Non-Executive Chairman B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcctg, GDippAppFinInv, GDipAppCorpFin Overview 30+ years
Slide 5: Performance 2022 │ Looking Ahead 2023
Growth through discovery – multiple tier 1-potential exploration projects Performance 2022 │ Looking Ahead 2023 Ramping up in 2023 │ Newly recognised porphyry Cu belt │ New Ni-Cu-PGE province 2022 milestones Moving forward Bottletree drilling underway Hole 4 assays: Confirmation of – visible porphyr
Slide 6: Project portfolio – 100% SPQ
Growth through discovery – multiple tier 1-potential exploration projects Project portfolio – 100% SPQ Leveraging the green transition Feasibility Study Resource definition / Significant mineralisation Advanced exploration QLD Exploration
Slide 7: Greenvale Project
Growth through discovery Greenvale Project Porphyry Copper, Nickel Belt – Why the concentration of copper and nickel? Radiometrics (RGB) Aerial Magnetics (RTP) Ordovician island arc setting Wyandotte Extension of Macquarie Arc Galah Dam in NSW Cockie Creek Palmer Rails Steam Engine Bottletree Bottle
Slide 8: Bottletree
Growth through discovery Buried Cu-Au-Mo porphyry system discovery! Greenvale Project “Text-book” porphyry potassic alteration intersected in Hole 5 (450m to 650m) Bottletree Porphyry Copper • Following up Hole 4 632m @ 0.21% Cu, incl 224m @ 0.40% Cu, (from 5m below surface)1 • Strong copper mineral
Slide 9: Bottletree
Greenvale Project Bottletree Original IP anomaly Buried Cu-Au-Mo porphyry system discovery! Wallrock Porphyry 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! Refer ASX announcement dated 24 August 2022 We are targeting alteration – alteration is the key porphyry pathfinder at this stage – Not Cu% !
Slide 11: 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 strike length of 1.2kms and down to 250m maximum dept
Slide 12: Greenvale Project – Cockie Creek Porphyry Copper
Growth through discovery Greenvale Project Cockie Creek Porphyry Copper Cockie Creek Cockie Creek Bottletree Bottletree
Slide 13: Greenvale Project – Wyandotte Copper Deposit
Growth through discovery Greenvale Project Wyandotte Copper Deposit • Shallow, high grade Cu lode (semi-massive chalcopyrite- bornite) Wyandotte • Surrounded by four interpreted buried porphyry intrusions • potential for significant Cu-Au-Mo porphyry system, as well as high sulphidation epithermal A
Slide 14: Ni-Cu-Co-PGE magmatic sulphide project
Greenvale Project Ni-Cu-Co-PGE magmatic sulphide project Proven Nickel-Copper-PGE sulphide province – but practically unexplored by drilling Project tenement area: 2,058km2 (including new applications) (Julimar Project area ~750km2 (ASX:CHN)) 40+ fertile troctolite intrusions – Only 1 drilled
Slide 15: Ni-Cu-Co-PGE magmatic sulphide project
Greenvale Project Ni-Cu-Co-PGE magmatic sulphide project Regional Magnetics Spectrem Air EM, magnetics, High-Res Magnetics radiometrics, DEM
Slide 16: Ni-Cu-Co-PGE magmatic sulphide project
Greenvale Project Ni-Cu-Co-PGE magmatic sulphide project Known and interpreted Numerous troctolite, pyroxenite and gabbronorite intrusions across entire mafic/ultramafic intrusions project area indicative of large-scale Ni-Cu-PGE magmatic sulphide ore bodies Microprobe analyses of olivine from i
Slide 17: Ni-Cu-Co-PGE magmatic sulphide project – Palmer Rails
Greenvale Project Ni-Cu-Co-PGE magmatic 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 18: Ni-Cu-Co-PGE magmatic sulphide project – Palmer Rails
Greenvale Project Ni-Cu-Co-PGE magmatic 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 19: Ni-Cu-Co-PGE magmatic sulphide project
Greenvale Project Ni-Cu-Co-PGE magmatic sulphide project Phantom Airborne Magnetics (RTP) Big Mag EM targets 1 km
Slide 20: 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 Newly recognised Ramping up Cu, Ni-PGE drilling element for Zero-Carbon Target Transformational advances Cu-Au por
Slide 21: Appendices
( Superior v Resources
Slide 22: Steam Engine – Highly positive Scoping Study
Greenvale Project Steam Engine – Highly positive Scoping Study Base Case @ A$2,200 Parameter Upside Case @ A$2,500 /oz /oz 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 (AISC
Slide 23: 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 24: Steam Engine Project – Potential new lodes
Steam Engine Project – Potential new lodes Dinner Creek Lode Potential additional lodes under shallow cover
Slide 25: Steam Engine Project – Potential new lodes
Steam Engine Project – Potential new lodes Soil geochemistry Soil geochemistry (Copper) (Gold)
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: 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 29: Porphyry Cu-Au system
KALIMANTAN GOLD SOUTHWEST PACIFIC PORPHYRY COPPER MODEL PROSPECTS Lepanto, Philippines Pp re) r p hy ry Wafi River, PNG 4 PROPYLITIC Bieruam) Keamnam C Uu -A u syste m ALTERATION (surface drilled) Cadia, Australia ALTERATION Ridgeway, } surface deposit | Baroi Beruang Tengah (urface drilled) Batu Hi
Slide 30: Contact Us
Contact Us Email: manager@superiorresources.com.au Phone: +61 7 3847 2887 Website: www.superiorresources.com.au
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