Superior Resources Limited · ASX:SPQ
Superior Resources — Investor Presentation (October 2022)
32 slides from Superior Resources's investor presentation, October 2022
Slide 1: Investor Presentation – Greenvale copper and nickel provinces
Investor Presentation Greenvale copper and nickel provinces Corporate Strategy Development Peter Hwang – Managing Director October 2022 ASX:SPQ
Slide 2: Cautionary statement
Cautionary statement 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 any
Slide 3: Corporate snapshot
Introduction Corporate snapshot Share Price1 Issued Shares 1. As at 17 October 2022 Market Cap $0.05 1,701m $85m Cash Debt Top 20 Holdings Carlos Alberto Fernicola $2.3M $nil 36% Non-Executive Chairman B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcctg, GDippAppFinInv, GDipAppCorpFin 90 0.08 Overview Ca
Slide 4: Project portfolio – 100% SPQ
Growth through discovery – multiple tier 1-potential exploration projects Project portfolio – 100% SPQ Leveraging the green transition – Cu, Ni, Zn, Co, U, REEs Feasibility Study Resource definition / Significant mineralisation Advanced exploration QLD Exploration
Slide 5: Operational snapshot
Greenvale Project Operational snapshot Targeting Cu, Ni, Zn discovery and defining copper and gold resources in Queensland Porphyry Cu-Au-Mo Ni-Cu-PGE Au Bottletree Cockie Creek Wyandotte Dido, Big Mag, Steam Engine 632m @ 0.21% Cu1 13Mt @ 0.42% Cu2 Shallow Exploration Target3: Phantom Creek 2.72Mt
Slide 6: Greenvale Project
Growth through discovery Greenvale Project Multiple tier-1 discovery opportunities Transformational advances towards major discovery at Bottletree Ramping Up: pipeline of significant porphyry Cu-Au systems Large drilling program underway First mover advantage on new Ni-Cu-PGE Province Recent pegging
Slide 7: Copper Belt – Why the concentration of copper?
Growth through discovery Greenvale Project Copper Belt – Why the concentration of copper? Balcooma Wyandotte Galah Dam Halls Reward Cockie Creek Lucky Creek One Mile Steam Engine Cayley, R. Bulletin MW 2015, v1 SCONI Bottletree Big Mag
Slide 8: Bottletree – Large-scale Cu-Au interpreted porphyry system
Greenvale Project Bottletree – Large-scale Cu-Au interpreted porphyry system Target zone Interpreted porphyry cores Intrusion Ring – Satellite 500m imagery 500m
Slide 9: Bottletree – Large-scale Cu-Au interpreted porphyry system
Greenvale Project Bottletree – Large-scale Cu-Au interpreted porphyry system o Emerging large-scale copper system 632m @ 0.21% Cu, 0.03g/t Au, 18.0ppm Mo6 incl. 224m @ 0.40% Cu, 0.05g/t Au, 3.5ppm Mo incl. 103m @ 0.53% Cu, 0.05g/t Au, 3.3ppm Mo incl. 15m @ 1.19% Cu, 0.15g/t Au, 1.9ppm Mo o Drilling
Slide 10: Bottletree – Large-scale Cu-Au interpreted porphyry system
Greenvale Project Bottletree – Large-scale Cu-Au interpreted porphyry system 500m from Menzies et al., 2013 From Menzies et. Al., 2013 Multiple Cu-Au-Mo porphyry targets highlighted by multi-element soil geochemistry Soil pathfinder element zonation showing typical porphyry signature Cu-Au-Mo
Slide 11: Bottletree – Large-scale Cu-Au interpreted porphyry system
Greenvale Project Bottletree – Large-scale Cu-Au interpreted porphyry system MIMDAS IP chargeability 3D model Deep drilling confirms potential porphyry Cu-Au system
Slide 12: Cockie Creek – Cu-Au
B29 2000 mE 2200 mE 2400 mE 2600 mE Greenvale Project B15 B16 Cockie Creek – Cu-Au 2200 mN 2200 mN P8 P7 B20 B05 B04 P13 P14 B06 B07 B01 P15 B19 B08 B18 P6 Potential for a significant porphyry Cu-Au deposit B02 P12 D1 D4 2000 mN B10 B17 Current Mineral Resource estimate: 13Mt @ 0.42% Cu8 (JORC 2
Slide 13: Cockie Creek – Cu-Au
Drill hole copper values in green Greenvale Project Cockie Creek – Cu-Au Potential for a significant porphyry Cu-Au deposit Current Mineral Resource estimate: 13Mt @ 0.42% Cu9 (JORC 2004), based on strike length of 1.2kms and down to approx. 300m depth Two large, intense IP chargeability targe
Slide 14: Wyandotte – High grade copper deposit
Greenvale Project Wyandotte – High grade copper deposit Exploration Target10 Tonnes SG Cu % Cu tonnes Range 400,000 2.7 2.2% 8,800 Lower 1,000,000 3.0 1.9% 19,000 Upper Maiden Mineral Resource estimate to be established No exploration conducted since 1975 Potential for down-dip extension of mi
Slide 15: Dido, Phantom & Big Mag – Ni-Cu-Co-PGE
Greenvale Project Dido, Phantom & Big Mag – Ni-Cu-Co-PGE Proven Voisey’s Bay style magmatic sulphide Ni-Cu-PGE deposit systems Previous exploration by Anglo American (2007-2012) confirmed presence of Voisey’s Bay-style geological system Troctolites, pyroxenites and gabbronorites indicative of la
Slide 16: Dido, Phantom & Big Mag – Ni-Cu-Co-PGE
Greenvale Project Dido, Phantom & Big Mag – Ni-Cu-Co-PGE Regional Magnetics Spectrem Air EM, magnetics, High-Res Magnetics radiometrics DEM
Slide 17: Dido, Phantom & Big Mag – Ni-Cu-Co-PGE systems at Dido
Greenvale Project Dido, Phantom & Big Mag – Ni-Cu-Co-PGE systems at Dido Known and interpreted Numerous troctolite, pyroxenite and gabbronorite intrusions across entire mafic/ultramafic intrusions project area indicative of large-scale Ni-Cu-PGE magmatic sulphide ore bodies Microprobe analyses o
Slide 18: Dido, Phantom & Big Mag – Palmer Rails
Greenvale Project Dido, Phantom & Big Mag – Palmer Rails TMI – 1VD 9 diamond drill holes (2,700m) Targeted IP and soil anomalies Intersected mafic/ultramafic intrusions Palmer incl gabbronorite, troctolite, Rails pyroxenite North “Extremely encouraging”: Intrusions show substantial wall rock
Slide 19: Dido, Phantom & Big Mag – Palmer Rails
Greenvale Project Dido, Phantom & Big Mag – Palmer Rails E.g., LYDD08-005: 0.37% Ni, 0.13% Cu, 0.01g/t Pt, 0.03g/t Pd (27-29m) 0.23% Ni, 0.07% Cu, 0.12g/t Pt, 0.37g/t Pd 0.3g/t Au (29-31m) 0.38% Ni, 0.22% Cu, 0.01g/t Pt, 0.12g/t Pd (31-33m) 0.15%Ni, 0.14%Cu, 0.01g/t Pt, 0.01g/t Pd (317-319m)
Slide 20: Dido, Phantom & Big Mag – Phantom
Greenvale Project Dido, Phantom & Big Mag – Phantom Phantom 2 connected intrusives comprising gabbro, olivine gabbro Interpreted Geology and troctolite Extensive disseminated Ni-Cu sulphide mineralisation in outcrop Spectrem EM conductor targets drill-ready No exploration work conducted by A
Slide 21: Dido, Phantom & Big Mag – Big Mag
Greenvale Project Dido, Phantom & Big Mag – Big Mag A series of mafic and differentiated ultramafic intrusions Airborne Magnetics (RTP) Drill-ready potential Ovoids and Feeder Dykes Intense magnetic anomaly targets at depth Differentiated / layered intrusion appears within potential Feeder D
Slide 22: Mt Isa-style Zn-Pb-Ag-Cu targets
Nicholson and Victor Projects Mt Isa-style Zn-Pb-Ag-Cu targets o Located within Carpentaria Zinc Province, which contains 20% of the world’s zinc inventory o Underexplored – the most likely area to make the next Mount Isa discovery
Slide 23: Nicholson West and Walford South targets
Nicholson Project Nicholson West and Walford South targets Walford South: Tier 1-potential VTEM, gravity and AMT target Coincident VTEM, gravity and associated AMT anomalies Anomalies adjacent to al least two major fault structures Previous SPQ drilling (3 holes) intersected “classic” well-dev
Slide 24: Appendices
( Superior v Resources
Slide 25: Steam Engine – Highly positive Scoping Study
Greenvale Project Steam Engine – Highly positive Scoping Study Base Case @ A$2,200 Parameter Upside Case @ A$2,500 /oz /oz Financial Summary Overall Cash Flow (post-tax) A$24.2M A$41.0M NPV7% (post-tax) A$21.2M A$35.9M Internal Rate of Return (IRR) (post- 242% 410% tax) All-in Sustaining Costs (AISC
Slide 26: Steam Engine – Current program timeline
Greenvale Project Steam Engine – Current program timeline Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Feasibility Study Stage 1 Drilling – Maiden drilling of Dinner Creek Lode Stage 3 Drilling – Extensional Steam Engine, Eastern Ridge – New lode zones Geophysics and Soil Sampling – Steam Engine extensio
Slide 27: Steam Engine Project – Potential new lodes
Steam Engine Project – Potential new lodes Dinner Creek Lode Potential additional lodes under shallow cover
Slide 28: Steam Engine Project – Potential new lodes
Steam Engine Project – Potential new lodes Soil geochemistry Soil geochemistry (Copper) (Gold)
Slide 29: Recent Rio Tinto EPM Applications
Recent Rio Tinto EPM Applications Greenvale Region Tenure
Slide 30: Porphyry Cu-Au system
STAGED PORPHYRY Cu-Au EVOLUTION EARLY EMPLACEMENT, PROGRADE PROGRESSIVE COOLING & DRAW DOWN, sen CONTINUED MINERALISATION wy yprsegeecielapytinjeuldiney & EARLY MINERALISATION & LATE MINERALISATION LATE SHUT DOWN & POST-MINERAL structure tourmaline breccia pipe | PROPYLITIC ofl Zoned potassic to inn
Slide 31: Porphyry Cu-Au system
KALIMANTAN GOLD SOUTHWEST PACIFIC PORPHYRY COPPER MODEL PROSPECTS Lepanto, Philippines Pp re) r p hy ry Wafi River, PNG 4 PROPYLITIC Bieruam) Keamnam C Uu -A u syste m ALTERATION (surface drilled) Cadia, Australia ALTERATION Ridgeway, } surface deposit | Baroi Beruang Tengah (urface drilled) Batu Hi
Slide 32: Contact Us
Contact Us Email: manager@superiorresources.com.au Phone: +61 7 3847 2887 Website: www.superiorresources.com.au
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