Slide 1: Superior Resources Limited Presentation November 2012
Superior For personal use only Resources Limited Presentation November 2012 Mining 2012
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 Summary
For personal use only Company Summary Board David Horton – Chairman Peter Hwang – Non-Executive Director Ken Harvey – Managing Director Principal Aims Discovery of: • Mount Isa style copper deposits • VMS copper-gold deposits • Tick Hill gold deposits ASX Listed on ASX in November 2007 Shares On Iss
Slide 4: Tick Hill Project
For personal use only Tick Hill Project Tick Hill Project Exploration for High-Grade Gold Joint Venture
Slide 5: Tick Hill Project
Tick Hill Project High-grade gold sample from previous mining of 700,000t @ 22.6 g/t gold by MIM For personal use only Laminated albite-scapolite-quartz rock (Galahstone) Gold Gold 15cm
Slide 6: Project: Exploration for Copper-Gold-Zinc-Silver VMS Deposit
For personal use only One Mile Project One Mile Project Exploration for Copper-Gold-Zinc-Silver VMS Deposit
Slide 7: Location
One Mile Project Location For personal use only • 210km WNW Townsville, 16km SSE Balcooma • Granted and wholly owned Mining Lease • Surrounding EPMA (not yet granted) • Good location (bitumen road, Greenvale township, processing capacity in area) • One Mile VMS & Cockie Creek porphyry Cu prospects
Slide 8: Summary
One Mile Project Summary For personal use only • Outcropping VMS gossan • Large sulphide (pyrite) body • Near-economic Cu-Au-Zn-Ag intersections • Limited drilling coverage • Searching for a thickened area of the sulphide body with better copper and gold grades • Open at depth to north and south • P
Slide 9: A Substantial Gossan on Massive Pyrite
One Mile Project – Gossan A Substantial Gossan on Massive Pyrite For personal use only
Slide 10: Main Lode: 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 11: Main Lode: Cross Section 1950N (2011)
One Mile Project – Main Lode Cross Section 1950N (2011) For personal use only • Gossanous lode outcrop • Hole SPOM013 - narrow pyritic alteration zone enclosing a thin massive / semi- massive sulphide lode (0.47% Cu eq.)* • Hole SPOM004 - narrow pyritic alteration zone enclosing a wider massive / se
Slide 12: Main Lode: Cross Section 1850N (2012)
One Mile Project – Main Lode Cross Section 1850N (2012) 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-
Slide 13: Main Lode: Long Section
For personal use only One Mile Project – Main Lode All intersections widths are downhole widths LONG SECTION 1850N 1950N
Slide 14: Main Lode: 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 sillimanite and silica
Slide 15: Main Lode
For personal use only One Mile Project – Main Lode
Slide 16: Main Lode
For personal use only One Mile Project – Main Lode
Slide 17: New Areas: IP Survey Chargeability
One Mile Project – New Areas 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 zone to massive sulphide the west of the gossan – undrilled Dam Atkinson Main Anomaly Anomaly SHALLOW
Slide 18: New Areas
For personal use only One Mile Project – New Areas EPMA18987 EPMA18987 EPMA18987
Slide 19: New Areas: VTEM Anomalies
One Mile Project – New Areas 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 20: New Areas: Conductivity and Chargeability Sections
One Mile Project – New Areas Conductivity Sections For personal use only EPMA18987 • Derived from VTEM data EPMA18987 • Atkinson anomaly is a prime drilling area • Coincident with IP anomaly • Depth – 150m • Expected to be steeply dipping EPMA18987 EPMA18987 Chargeability Sections EPMA18987 EPMA1898
Slide 21: New Areas: North Gossan
One Mile Project – New Areas North Gossan For personal use only • Large gossan outcrop after massive sulphides protruding from laterite – not drilled North Gossan • Close-up photograph of gossan outcrop EPMA18987 North Gossan ML6750 Magnetics
Slide 22: Cockie Creek Copper Prospect
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 23: Potential
For personal use only One Mile Project - Potential Main Zone Improving widths and copper-gold-zinc-silver grades. Open at depth to the south and north Other Areas Atkinson - coincident IP and VTEM anomalies – undrilled (in EPMA18987) North - large gossan outcrop protruding from laterite – undrilled