Superior Resources Limited · ASX:SPQ
Superior Resources — Investor Presentation (November 2013)
36 slides from Superior Resources's investor presentation, Nov 22, 2013
Slide 1: Greenvale Project Presentation, November 2013
Superior For personal use only Resources Limited Greenvale Project Presentation November 2013
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: Greenvale Project
For personal use only Greenvale Project Greenvale Project
Slide 4: Greenvale Project
For personal use only Greenvale Project Location 250 km WNW Townsville, northeast Queensland Tenements ML6750 “One Mile”, EPM18987 “Cockie Creek”, EPM19247 ”Cassidy Creek” Targets Volcanogenic massive sulphide (VMS) deposits and disseminated copper deposits. One Mile Large massive and semi-massive s
Slide 5: Summary
Greenvale Project Summary For personal use only • 250km WNW Townsville, • Mining Lease, 2 EPMs • Good location (bitumen road, Greenvale township, processing capacity in area) • One Mile Cu-Au-Zn VMS Cockie Creek ‘Porphyry’ Cu • Riesling Cu-Zn-Pb-Ag VMS
Slide 6: Summary
One Mile Project Summary For personal use only • Outcropping VMS gossan • Large sulphide (pyrite) body • Near-economic Cu-Au-Zn-Ag intersections • Target - thickened area of the sulphide body with better copper and gold grades • Prospective basic to intermediate volcanic host sequence • Other geophy
Slide 7: A Substantial Gossan on Massive Sulphide
One Mile Project – Gossan A Substantial Gossan on Massive Sulphide For personal use only
Slide 8: Gossans and Drill Holes on Magnetics
One Mile Project – Main Lode Gossans and Drill Holes on Magnetics For personal use only • Gossan/Lode extends over 800m strike length • Improvement in width and grade of the massive and semi-massive sulphides to the south down the plunge of the sulphide body • Best intersection from drilling in hole
Slide 9: Cross Section 1850N
One Mile Project – Main Lode Cross Section 1850N For personal use only • Gossanous lode outcrop • Hole SPOM016 - narrow pyritic alteration zone enclosing a thin massive / semi- massive sulphide lode (0.83% Cu eq.) • Hole SPOM023 - wide pyritic alteration zone enclosing a wide massive / semi-massive
Slide 10: Long Section 1850N
For personal use only One Mile Project – Main Lode LONG SECTION 1850N
Slide 11: Drill Hole SPOM012
For personal use only One Mile Project – Main Lode Drill Hole SPOM012 • Massive and semi-massive sulphides (pyrite with chalcopyrite and sphalerite) • Coarse grained due to amphibolite metamorphic grade • Alteration – muscovite (after sericite), biotite, phlogopite and silica
Slide 12: Main Lode
For personal use only One Mile Project – Main Lode
Slide 13: One Mile Targets
One Mile Project – Targets One Mile Targets For personal use only • Ground magnetics (RTP) • Interpretation shows folded magnetic horizon below sulphide horizon • Target areas appear to lie on or close to the interpreted position of the sulphide horizon Basalt Basalt
Slide 14: New Targets: IP Survey Chargeability
One Mile Project – New Targets IP Survey – Chargeability (N = 2) IP Survey – Chargeability (N = 4) For personal use only • Shallow anomaly over gossan and underlying • Deeper anomaly over the Atkinson target to massive sulphide the west of the gossan – undrilled Dam Atkinson Main Target Target Zone
Slide 15: New Targets
For personal use only One Mile Project – New Targets
Slide 16: New Targets: VTEM Anomalies
One Mile Project – New Targets Surface Dam Conductor VTEM For personal use only Anomaly North Weak VTEM Anomaly Atkinson VTEM Anomaly VTEM Early Channel VTEM Late Channel (Surface Conductors) (Bedrock Conductors)
Slide 17: Conductivity and Chargeability Sections
One Mile Project – New Targets Conductivity Sections For personal use only • Derived from VTEM data • Atkinson target is the best anomaly in the VTEM survey – A prime drilling target • Coincident with IP anomaly • Depth – 150m • Expected to be steeply dipping Chargeability Sections
Slide 18: North Gossan
One Mile Project – New Targets North Gossan For personal use only • Large gossan outcrop after massive sulphides protruding from laterite indicates good potential in the North target area – not drilled North Gossan • Close-up photograph of gossan outcrop North Gossan Magnetics
Slide 19: Cockie Creek Copper Prospect Drill Hole Intersections
Cockie Creek Copper Prospect Easting Northing From To Length Cu Au Mo For personal use only Hole MGA Z55 MGA Z55 (m) (m) (m) (%) (g/t) (ppm) CRC002 267380 7904295 0 68 68 0.74 0.12 92 CRC009 267356 7904243 66 163 97 0.48 0.07 114 CRC010 267353 7904283 11 85 74 0.42 0.08 78 CRC011 267320 7904295 1 80
Slide 20: Cockie Creek Copper Prospect
For personal use only Cockie Creek Copper Prospect 1950N 1950N
Slide 21: Cockie Creek Copper Prospect Summary
Cockie Creek Copper Prospect Summary For personal use only • High order soil copper anomaly • Zone of disseminated copper mineralisation • Good continuity with true widths to 60m • Inferred resource 13Mt @ 0.42% Cu • Associated gold and molybdenum • Potential at depth and along strike • Porphyry cop
Slide 22: Assay Section 1950N
Cockie Creek Copper Prospect Assay Section 1950N Details For personal use only • Primary chalcopyrite copper mineralisation • Wide consistent zone of copper • Some copper grades over 1% • Patchy molybdenum but significant in places • Deeper drilling planned on this section to cover possibility that
Slide 23: Section 1850N IP Pseudo-sections
For personal use only Cockie Creek Copper Prospect Section 1850N IP Pseudo-sections • Strong IP anomalies • Yet to be modelled Section 1550N CEC 100m Dipole Dipole Data
Slide 24: Cassidy Creek EPM
Cassidy Creek EPM Airborne Magnetics (RTP) For personal use only • Burgundy, Riesling and Chablis Prospect • High-order stream BCL gold anomalies • Magnetic targets
Slide 25: Riesling Central Prospect: Soil Zinc Image
Riesling Central Prospect Soil Zinc Image For personal use only • High-order zinc anomaly • Partly due to gahnite (Zinc Spinel – ZnAl2O4) • Gahnite forms around zinc deposits by desulphidation of sphalerite (Zinc Sulphide – ZnS) during metamorphism • Rock samples contain high zinc values
Slide 26: Riesling Central Prospect: Soil Lead Image
Riesling Central Prospect Soil Lead Image For personal use only • High-order but smaller lead anomaly • Rock samples of lead gossan to 29% Pb
Slide 27: Riesling Central Prospect: Soil Copper Image
Riesling Central Prospect Soil Copper Image For personal use only • Moderate-order copper anomaly • Gossan rock samples contain high copper values
Slide 28: Riesling Central Prospect: Ground Magnetic Image
Riesling Central Prospect Ground Magnetic Image (RTP) For personal use only • Magnetic anomaly consistent with copper anomaly • Southern part of magnetic anomaly may indicate a southern plunging shoot of mineralisation • Ground EM anomalies support southern part of magnetic anomaly
Slide 29: Riesling Central Prospect: Gahnite
For personal use only Riesling Central Prospect Gahnite Gahnite Quartzite
Slide 30: Bare Area on Copper-Zinc Anomaly
For personal use only Riesling Central Prospect Bare Area on Copper-Zinc Anomaly
Slide 31: Bare Area on Copper-Zinc Anomaly
For personal use only Riesling Central Prospect Bare Area on Copper-Zinc Anomaly
Slide 32: Gossan in Copper-Zinc Anomaly
For personal use only Riesling Central Prospect Gossan in Copper-Zinc Anomaly
Slide 33: Gossan in Copper-Zinc Anomaly
For personal use only Riesling Central Prospect Gossan in Copper-Zinc Anomaly
Slide 34: High-Grade Lead Gossan
For personal use only Riesling Central Prospect High-Grade Lead Gossan
Slide 35: Greenvale Project
For personal use only Greenvale Project One Mile Substantial massive sulphide body indicating VMS potential of area. A number of geophysical targets in area surrounding the sulphide body. Target is high grade copper in a VMS deposit. Cockie Creek Existing inferred resource of 13Mt @ 0.42% copper in
Slide 36: Thank You
For personal use only Greenvale Project Thank You
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