Slide 1: Investor Update
Investor Update May 2020 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: Moving forward – Balanced strategy
Moving forward – Balanced strategy Progressing near-term potential production - together with large “Tier 1” projects Two high grade deposits with near term production potential (Greenvale Project) Steam Engine Gold Deposit – Scoping Study underway, assessing potential for toll treatment Wyand
Slide 4: Greenvale Project / Nicholson Project / Victor Project
Greenvale Project (SPQ 100%) Gold, Copper-Gold, Nickel-Cobalt, Zinc Steam Engine Scoping Study underway investigating near-term production potential Wyandotte Copper Mineral Resource estimate soon Bottletree Progressing towards a Tier 1 sized copper deposit Big Mag ~80km2 mag anomaly prosp
Slide 5: Corporate snapshot / Stock performance
Corporate snapshot / Stock performance Price and volume “Big Mag” 22 May 2019 – 22 May 2020 tenement granted Capital raising 9 announced 0.011 8 7 Steam Engine 0.009 Mineral Resource 6 upgrade announced Share price ($) Volume (m) 5 0.006 4 3 0.004 2 1 0 0.002 22-May-19 19-Jun-19 17-Jul-19 14-Aug-19
Slide 6: Greenvale Project: A unique world-class Macquarie Arc opportunity
GREENVALE PROJECT A unique world-class Macquarie Arc opportunity Ordovician Macquarie Arc: hosts the giant Cadia and North Parkes porphyry Cu-Au mines in NSW Balcooma The unique opportunity: Greenvale Ordovcian rocks are the northern remnant of the Macquarie Arc – but are Underexplored Wyandotte
Slide 7: Greenvale Project – drill-ready Prospects
GREENVALE PROJECT – 8 drill-ready Prospects Copper-Gold Nickel-Cobalt Gold porphyry/VMS Steam Engine Wyandotte > 2.5 kms high grade gold lodes Intrusive related and possibly porphyry copper 1.27 Mt @ 2.3g/t gold for 94,000 ounces gold4 mineralisation Near-term toll-treatment potential Near-term
Slide 8: Greenvale Project Steam Engine Gold Deposit
9000 mE 9400 mE 9800 mE 10200 mE 0N 7,00 7,89 LEGEND GREENVALE PROJECT 11400 mN Geology Local Grid Translation to MGA Z55: 11400 mN 10000E, 10000N = 262773.07E, 7895414.27N Gold Bearing Lode Local Grid North = 17.95 Degrees MGA 0N 6,50 Steam Engine Gold Deposit 7,89 Feldspar Porphyry ad Andesite l R
Slide 9: Steam Engine Gold Deposit Mineral Resource Estimate
Steam Engine Gold Deposit Mineral Resource Estimate (Refer ASX announcement dated 4 May 2020 Cut-off Classification Tonnes Grade (g/t) Gold (ounces) Grade Updated Mineral Resource Estimate (MRE): Steam Engine (Main Zone) › 1.27 Mt @ 2.3 g/t gold (0.5 g/t cut-off) Indicated 0.5 370,000 2.5 30,000 I
Slide 10: Greenvale Project Steam Engine Gold Deposit
GREENVALE PROJECT Steam Engine Gold Deposit Undiscovered potential: 10
Slide 11: Greenvale Project Big Mag
Airborne magnetics (RTP) GREENVALE PROJECT Big Mag Big Mag near historic Greenvale Nickel Mine – produced $6.9b Ni+Co at today’s prices Characterised by a regionally large, intense magnetic anomaly of ~70km2 High potential for nickel-cobalt, copper-gold mineralisation Very limited historic e
Slide 12: Greenvale Project Big Mag – Historic drill holes
GREENVALE PROJECT - Historic drill holes Big Mag A series of mafic and ultramafic intrusions – based on historic drilling, magnetics and petrology of drill hole samples. Considered to be related to the same series of rocks as Greenvale Nickel Mine (SCONI). SCONI Greenvale Domain 0 10 km Big Mag
Slide 13: Greenvale Project Bottletree
Soil geochemistry (copper) GREENVALE PROJECT Bottletree Large-scale copper deposit identified Diamond drilling targeting chargeability anomaly completed August 20187: - High grade copper (18.7m @ 1.12% Cu) - Broad Cu mineralisation (292m @ 0.22% Cu) Copper grades correlate with chargeability i
Slide 14: Greenvale Project Bottletree
MIMDAS IP Chargeability – Modelled 3D GREENVALE PROJECT N Bottletree Drill holes 2018 SBTRD006 SBTRD0068: - 18.7m @ 1.12% Cu - 292m @ 0.22% Cu Large chargeability target at +400m Copper grades correlate well with chargeability response 1.4km long anomaly, open to the north 0 1 km and south D
Slide 15: Nicholson and Victor Projects – Tier 1
NICHOLSON and VICTOR PROJECTS – TIER 1 World-class Mount Isa-style zinc-lead-copper targets Located within Carpentaria Zinc Province which contains 20% of the world’s zinc inventory Underexplored – most likely area to make the next Mount Isa discovery Further exploration planned for nearby Vic
Slide 16: Nicholson Project Multiple world-class targets
NICHOLSON PROJECT Multiple world-class targets Approximately $2m spent on Stage 1 drilling program with South32 (JVA terminated) Stage 1 to test up to 8 high-priority VTEM targets H2 2019: 3,176m of drilling completed over 3 targets Potential for world-class discoveries similar to McArthur R
Slide 17: Positive start to Nicholson Project JV drilling
Positive start to Nicholson Project JV drilling 2019 Stage 1 drilling points to Nicholson Project’s potential: 4 diamond drill holes completed totalling 3,176m: - 3 holes at Nicholson West - 1 hole at Kingfisher East Drilling confirmed presence of SEDEX mineralisation systems (McArthur River and
Slide 18: Nicholson West – Walford South
Nicholson West – Walford South Giant Tier 1 VTEM, gravity and AMT anomaly: Walford Creek Coincident VTEM, gravity and deposit associated AMT anomalies Anomalies adjacent to at least two major fault structures AMT conductivity anomaly Previous SPQ drilling (3 holes) intersected “classic” well-d
Slide 19: Board and senior management
Board and senior management Board and senior management team have deep exploration and technical expertise coupled with extensive corporate experience [insert [insert image] image] Carlos Alberto Fernicola Peter Henry Hwang Simon James Pooley Non-Executive Chairman Managing Director Non-Executive Di
Slide 20: A compelling value proposition
A compelling value proposition Potential near-term cash flow Tier 1 Potential Exploration Targets in World-Class Mining Districts Lowest entry cost exposure to gold and multiple Tier 1 potential base metals targets Accelerated studies for near-term cash flow at Steam Engine Gold Deposit and Wyan
Slide 21: ASX : SPQ
ASX : SPQ www.superiorresources.com.au 21