Slide 1: Superior Resources Limited Presentation October 2010
Superior For personal use only Resources Limited Presentation October 2010 Ken Harvey Managing Director Mining Dawn on the Nicholson 2010
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
For personal use only Company Board Lawrie Litzow – Chairman Ken Harvey – Managing Director David Horton – Non-Executive Director Aim Discovery of a Mount Isa Style Copper Deposit (Copper, Lead, Zinc, Uranium, Phosphate, Gold, Diamonds) ASX Listed on ASX in November 2007 Shares 77 Million Shares (li
Slide 4: Project Locations
For personal use only Project Locations • Northwest Queensland • 100% owned • Western Succession • Mount Isa style deposits (Copper, Lead-Zinc-Silver) • Secondary targets (Uranium, phosphate, gold, diamonds) • Good potential Copper (Mt Isa, Ernest Henry) Lead-zinc-silver (Mt Isa, Century) Uranium (V
Slide 5: Exploration Approach
For personal use only Exploration Approach Target Large Mount Isa Style Copper (& Lead-Zinc-Silver) Deposit Approach Conceptual Approach using Modern Technology Identify Permissive Environments for Large Deposits Explore these Permissive Environment for Deposits Geophysics & Computer Modelling follo
Slide 6: Mount Isa Pyritic Shale
Mount Isa Pyritic Shale Mount Isa Deposits For personal use only • Copper & Lead-Zinc-Silver • Hosted in ~8 km Zone of Pyritic Shale in Urquhart Shale Member • Copper Source – Probably Basalt Pyritic Shale (Light Grey Unit)
Slide 7: Mount Isa Pyritic Shale
For personal use only Mount Isa Pyritic Shale
Slide 8: Mount Isa Style Copper Deposit Size
Mount Isa Style Copper Deposit Size For personal use only Deposit Class Contained Copper Value Copper Metal ($8,000/tonne) Mount Isa (Xstrata) Production 7M tonnes $56 billion Resources 7M tonnes $56 billion Total 14M tonnes $112 billion Rocklands (CuDeco) Resources 0.2M tonnes $1.6 billion
Slide 9: Kingfisher Copper Prospect Summary
For personal use only Kingfisher Copper Prospect Summary • 180km NNW Mt Isa • 50km SSE Century • Extensive surface copper mineralisation • Previously drilled by CRAE (mostly shallow) • Drilling planned • Located in ‘Wild Rivers’ area
Slide 10: Kingfisher Copper Prospect
Kingfisher Copper Prospect Old copper workings in basal Cambrian breccia For personal use only Cambrian limestone Cambrian breccia over Proterozoic Siltstones
Slide 11: Kingfisher Copper Prospect
Kingfisher Copper Prospect Outcropping copper in silicified and brecciated Proterozoic dolomitic siltstones For personal use only
Slide 12: Kingfisher Bouguer Gravity
Kingfisher Copper Prospect Bouguer Gravity For personal use only • 1000 gravity data points • Largest bouguer gravity anomaly coincident with main area of copper workings and previous drilling • Additional anomalies in surrounding area • Dolomite (sg > quartz) may cause some anomalies • Encouraging
Slide 13: Nicholson Project Summary
For personal use only Nicholson Project Summary • 350km NNW Mt Isa • 100km NNW Century • South and southwest of the Walford Creek Prospect • Prospects Walford South Nicholson West Hedleys Uranium
Slide 14: Nicholson Project Geology
Nicholson Project Geology For personal use only • Basement of 1 metasediments and granite 2 • Overlain by Peters Creek Volcanics containing Basalt • Overlain by prospective sediments of Proterozoic 3 age – 30km long • Prospective rocks host Walford Creek/Walford South pyrite body and Nicholson West
Slide 15: Nicholson Project Magnetics (RTP)
For personal use only Nicholson Project Magnetics (RTP) • Destruction of magnetite in volcanics indicates probable hydrothermal leaching of metals • Potential source of copper similar to copper sourced from Eastern Creek Volcanics at Mount Isa • Magnetics also shows the graben structure in which the
Slide 16: Nicholson Project Geology
Nicholson Project Geology For personal use only • Mount Isa style target 1 • Pyritic Shale body at Walford Creek in Mount 2 Les Siltstone • Drilling by SPQ at Walford South in 2009 – 3 X 800m holes all intersected Pyritic Shale • Substantial Pyritic Shale body – similar extent but thinner than 3 at
Slide 17: Walford South Prospect Gravity
Walford South Prospect Gravity For personal use only • Compiled gravity shows probable extent 1 of Pyritic Shale • The best potential is 2 along the Calvert Fault 3 but the target is deep • Additional gravity anomaly at the KFW Prospect
Slide 18: Pyritic Shale: Mount Isa, Walford Creek
For personal use only Pyritic Shale Mount Isa Walford Creek
Slide 19: Walford South - Pyritic Shale
Walford South - Pyritic Shale WS002 – 690m For personal use only WS001 – 816m
Slide 20: Nicholson West Prospect VTEM
Nicholson West Prospect VTEM For personal use only • Late channel VTEM anomaly in Mount Les Siltstone • Low metamorphic grade has not converted carbonaceous material in Mount Les Siltstone to graphite • VTEM anomaly interpreted as sulphides • Similar response to 1 that over deeper pyrite at Walford
Slide 21: Hedleys Uranium Radiometrics
Hedleys Uranium Radiometrics For personal use only (Uranium) • Unconformity Uranium target • Strong uranium anomaly after radon gas • Major unconformity ~150m depth • Tenement not granted 1
Slide 22: Wills Phosphate
For personal use only Wills Phosphate • Dajarra Project • 170km South of Mount Isa • 2km East of Mount Isa – Boulia Road • Cambrian Phosphorite • Flat Lying near the top of a Mesa • Oxidised and Leached in Outcrop • Small Drilling Program Wills
Slide 23: Wills Phosphate Prospect Airborne Radiometrics
For personal use only Wills Phosphate Prospect Airborne Radiometrics (Uranium) • Outcropping phosphate deposits indicated by uranium anomalies • Possibility of modest resource of direct shipping phosphate at Wills • Probable additional resources to south of Wills and at Inca Creek northwest of Mount
Slide 24: Wills Phosphate Prospect
For personal use only Wills Phosphate Prospect
Slide 25: Future Program
For personal use only Future Program Exploration on a number of properties – some with potential for large deposits of Copper and/or Lead, Zinc and Silver Drilling on the Wills Phosphate Prospect with phosphate potential immediately to the south and also at Inca Creek An evaluation program to identi