Superior Resources Limited · ASX:SPQ
Superior Resources — Shareholder Meeting (November 2019)
27 slides from Superior Resources's shareholder meeting presentation, Nov 28, 2019
Slide 1: Annual General Meeting 2019
For personal use only Annual General Meeting 2019 ASX: SPQ
Slide 2: Important information
Important information For personal use only 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 S uperior Resources L
Slide 3: FY19 Key headlines
FY19 Key headlines For personal use only Superior is progressing large “Tier 1” projects in northern Queensland Entry-level ASX exposure to Tier 1 potential zinc and copper exploration projects Formed JV with a leading partner South32 at Nicholson Project, with SPQ Operator Extensive drilling
Slide 4: Our strategy – Quality Projects
Our strategy – Quality Projects For personal use only Exposure to significant value growth potential: - Tier 1 “giant-sized” targets - Metals that underpin the future: Pb-Zn-Ag / Cu-Au / Ni-Co - Prime geological addresses Nicholson + Victor (100%) – “Mount Isa style” Lead-zinc-silver (+copper) – w
Slide 5: Project overview: Nicholson, Victor, Greenvale
1. Nicholson Project (SPQ 100%) Lead- Zinc- Silver (Copper, Cobalt) Several Tier 1 equivalent targets 3,176m drilled H2 2019 under JV with South32 For personal use only 1 Battery Metals project + 1 Uranium project Area: 312 km2 1 2. Victor Project (SPQ 100%) 2 3 Lead- Zinc- Silver (Coppe
Slide 6: Corporate snapshot / Stock performance
Corporate snapshot / Stock performance For personal use only Price and volume South32 JV drilling commences Volume Share Price 9 0.012 New “Big Mag” tenement granted 8 South32 JV announced 7 0.010 6 Share price ($) Volume (m) 5 0.008 4 3 0.006 2 1 0 0.004 26-Nov-18 24-Dec-18 21-Jan-19 18-Feb-19 18-M
Slide 7: Corporate structure
Corporate structure For personal use only Significant Shares on shareholders issue Management (holding >5%) 745M 15% Options on issue Top 20 hold 47% Nil Other shareholders Other Top 20 53% shareholders Market Cap 32% $4.5M 7
Slide 8: Nicholson and Victor Projects – Tier 1 targets
NICHOLSON and VICTOR PROJECTS – TIER 1 World-class Mount Isa-style zinc-lead-copper targets For personal use only 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 Stage 1 drilling pro
Slide 9: Nicholson and Victor Projects – The Deposit Model
NICHOLSON and VICTOR PROJECTS The Deposit Model For personal use only 9
Slide 10: Nicholson Project – Multiple world-class targets
NICHOLSON PROJECT Multiple world-class targets For personal use only SOUTH32 JVA: South32 funding $2m or 4,000m of drilling within first 12 months (Stage 1); may elect to fund further $4m in Stage 2 Stage 1 to test up to 8 high-priority VTEM targets H2 2019: 3,176m of drilling completed over 3
Slide 11: Nicholson West – VTEM survey – Aarhus modelling
Nicholson West – VTEM survey – Aarhus modelling For personal use only NWDD002 Drilled H2 2019 11
Slide 12: Positive start to Nicholson Project JV drilling
Positive start to Nicholson Project JV drilling For personal use only 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 syste
Slide 13: Greenvale Project – Macquarie Arc opportunity
GREENVALE PROJECT A unique world-class Macquarie Arc opportunity For personal use only 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 U
Slide 14: Greenvale drill-ready targets
GREENVALE PROJECT For personal use only Greenvale includes 8 drill-ready targets, highly prospective for: Copper-Gold Nickel-Cobalt Gold porphyry/VMS › Bottletree › Cockie Creek (drilled 2018) advancing towards potential discovery Significant porphyry copper target. Historic of a large copper system
Slide 15: Greenvale Project: Bottletree
Soil geochemistry (copper) Greenvale Project: Bottletree For personal use only Large-scale copper deposit identified Diamond drilling targeting chargeability anomaly completed August 20184: - High grade copper (18.7m @ 1.12% Cu) - Broad Cu mineralisation (292m @ 0.22% Cu) 3D modelling - large
Slide 16: Bottletree MIMDAS IP Chargeability – Modelled 3D
MIMDAS IP Chargeability – Modelled 3D N Greenvale Project: Drill holes 2018 Bottletree SBTRD006 For personal use only SBTRD0065: - 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 n
Slide 17: Greenvale Project: Big Mag
Airborne magnetics (RTP) Greenvale Project: Big Mag For personal use only 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
Slide 18: Greenvale Project: Historic drill holes
Greenvale Project: - Historic drill holes Big Mag For personal use only 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
Slide 19: Greenvale Project: Steam Engine Gold
9000 mE 9400 mE 9800 mE 10200 mE 0N 7,00 7,89 LEGEND 11400 mN Geology Local Grid Translation to MGA Z55: 11400 mN Greenvale Project: 10000E, 10000N = 262773.07E, 7895414.27N Gold Bearing Lode Local Grid North = 17.95 Degrees MGA 0N 6,50 7,89 Feldspar Porphyry ad Andesite l Ro nta Steam Engine Gold m
Slide 20: Greenvale Project: Undiscovered potential
9000 mE 9400 mE 9800 mE 10200 mE 0N 7,00 7,89 LEGEND 11400 mN Geology Local Grid Translation to MGA Z55: 11400 mN Greenvale Project: 10000E, 10000N = 262773.07E, 7895414.27N Gold Bearing Lode Local Grid North = 17.95 Degrees MGA 0N 6,50 7,89 Feldspar Porphyry ad Andesite l Ro nta Steam Engine Gold m
Slide 21: Superior – the next months
SUPERIOR – the next 12 months ….. For personal use only Exciting forward programs planned, targeting high impact zinc, copper and gold Q4 2019 Q1 2020 Q2 2020 Q3 2020 NICHOLSON PROJECT – South32 JV Processing and assaying of drill core Complete Stage 1 BOTTLETREE Detailed geological surface mapping
Slide 22: Board and senior management
Board and senior management For personal use only Board and senior management team have deep exploration and technical expertise coupled with extensive corporate experience [insert [insert [insert image] image] image] Carlos Alberto Fernicola Peter Henry Hwang Kenneth James Harvey Non-Executive Chai
Slide 23: A compelling value proposition
A compelling value proposition For personal use only Tier 1 Potential Exploration Targets in World-Class Mining Districts Significant exploration upside of SPQ’s zinc, copper, gold and battery metals portfolio Strong business and operational relationship with South32 Direct exposure to the inc
Slide 24: Thank you
ASX : SPQ For personal use only Thank you www.superiorresources.com.au 24
Slide 25: Appendix – Victor Project
Appendix 1 – Victor Project For personal use only A world class Mount Isa style lead-zinc- silver, copper exploration project. Located 75km northwest of Mount Isa Underexplored 100% ownership – project comprises 6 exploration permits, covering about 1,135km2. 25
Slide 26: Appendix – Victor Project: Leakage Concept
Appendix 1 – Victor Project For personal use only Leakage Concept Location of project and tenements Exploration strategy based on the mechanism of geochemical “leakage” of key metals (lead, zinc and copper) from a deeper Proterozoic source into younger overlying sediments. Geological concept 26
Slide 27: Appendix – Victor Project: surface indications of lead and zinc
Appendix 1 – Victor Project – significant surface indications of lead and zinc For personal use only Imaging of soil lead Imaging of soil zinc 27
Superior Resources — Shareholder Meeting (November 2019) on 6ix