Superior Resources Limited · ASX:SPQ
Superior Resources — Shareholder Meeting (November 2020)
19 slides from Superior Resources's shareholder meeting presentation, Nov 27, 2020
Slide 1: Annual General Meeting 2020
Annual General Meeting 2020 Peter Hwang Managing Director ASX: SPQ
Slide 2: Important information
Important information 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 an
Slide 3: Highlights – the last 12 months
Highlights – the last 12 months Mineral Resource estimate revised and upgraded 11% Completed Resource drilling program – upgrade JORC confidence levels Steam Engine Gold Deposit Confirmed high-grade extensions to Steam Engine and Eastern Ridge Advancing rapidly towards lodes feasibility Iden
Slide 4: Our value growth reached 767%
Our value growth reached 767% Steam Engine SPQ Share Price and Volume Stage 2 drilling program commences COVID-19 120 Steam Engine Emergency Declaration Stage 2 drilling program announced 0.022 100 Steam Engine 47.5 g/t drill intercept 0.018 Steam Engine 80 Steam Engine First drill results Commencem
Slide 5: The story continues in 2021
…. the story continues in 2021 STEAM ENGINE GOLD: Jan ‘21 pre-feasibility study for toll-treatment operation on the back of Dec 2020 Revised Mineral Resource Estimate and Scoping Study STEAM ENGINE GOLD: New high-grade lode opportunity at >2km Dinner Creek Zone - drilling program. Continue extending
Slide 6: Corporate snapshot
Corporate snapshot 1: As at 26 November 2020 Share Price1 Shares on Issue1,2 Market Cap1 Cash1,3 2: SPQ has on issue 99,011,392 unlisted Options expiring $0.015 1,190m $17.85m $0.63m 31/12/2021 @ $0.006 3: nil debt SPQ ORD Management Board Yarraandoo Pty Ltd Peter Hwang (Managing Director) Carlos Fe
Slide 7: Project portfolio – near-term production and Tier-1
Project portfolio – near-term production and Tier-1 Greenvale Project (SPQ 100%) 849 km2 (1,449 km2) Gold, Copper-Gold, Ni-Cu-Co-PGE, Zinc Steam Engine Scoping Study underway investigating near-term production potential Wyandotte near-term Copper Mineral Resource estimate Bottletree potentiall
Slide 8: Greenvale
Greenvale EPM - granted A unique world-class Macquarie Arc opportunity EPM - application Ordovician Macquarie Arc: hosts the giant Reconstruction of the Macquarie Arc Cadia and North Parkes porphyry Cu-Au across eastern Australia mines in NSW Adapted from Cayley & Musgrave, in review. The unique opp
Slide 9: Greenvale – Steam Engine Gold Deposit
Greenvale Steam Engine Gold Deposit An extensive gold lode system Exciting new Dinner Creek Lode Potential near-term cash flow >2 kms of potential new gold lode zone Accelerated Scoping Study Rock chips up to 7.6 g/t Au3 2020 work: Drilling in 2021 Mineral Resource Estimate (MRE) (May 2020):
Slide 10: Steam Engine
Steam Engine Progressing towards pre-feasibility (Refer ASX announcement dated 4 May 2020) Cut-off Classification Tonnes Grade (g/t) Gold (ounces) Grade Updated Mineral Resource Estimate (MRE): Steam Engine (Main Zone) › 1.27 Mt @ 2.3 g/t gold (0.5 g/t cut-off) Indicated 0.5 370,000 2.5 30,000 › 9
Slide 11: Steam Engine – pathway to production
Steam Engine Current plans for a pathway to production Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Stage 2 Drilling – Extensional Steam Engine, Eastern Ridge Revised Mineral Resource Estimate Scoping Study Pre-feasibility Study Stage 1 Drilling – Maiden drilling of Dinner Creek Lode Stage 3 Drilling – E
Slide 12: Big Mag, Dido & Arthur Creek, Halls Reward Nickel
Big Mag & new Dido & Arthur Creek EPM - granted Ni-Cu-Co-PGE EPM - application Big Mag Arthur Creek EPMA near historic Greenvale Nickel Mine – produced ~$6b Ni + Co at today’s prices regionally large, intense magnetic anomaly of ~80km2 Halls Reward Nickel localised area of intense differentiat
Slide 13: Big Mag
Big Mag Ni-Cu-Co-PGE A series of mafic and differentiated Airborne magnetics (RTP) ultramafic intrusions – based on historic drilling, magnetics and petrology of drill hole samples Considered to be related to the same series of rocks as host the historic Greenvale Nickel Mine (SCONI) 0 10 km SCONI G
Slide 14: Copper – 2021 Bull copper market predictions
Copper – 2021 Bull copper market predictions EPM - granted SPQ has copper well and truly covered EPM - application SPQ holds the Ordovician Lucky Creek Corridor Intense concentration of copper deposits and prospects Near-term production & Tier-1 prospects, for example: Bottletree: large copper sys
Slide 15: Bottletree – Tier 1 scale copper deposit identified
Bottletree Next program targeting high grade core Tier 1 scale copper deposit identified Large chargeability target lies at 400m - High grade copper (18.7m @ 1.12% Cu) - Broad Cu mineralisation (292m @ 0.22% Cu) Next program is potential Copper grades correlate well with chargeability response “disc
Slide 16: Nicholson and Victor
Nicholson and Victor Tier 1 Mount Isa-style zinc-lead-silver-copper targets Located within Carpentaria Zinc Province, which contains 20% of the world’s zinc inventory Underexplored – the most likely area to make the next Mount Isa discovery Nicholson Project 16
Slide 17: Nicholson
Nicholson Nicholson West and Walford South targets (ASX announcement dated 6 March 2020) Walford South Walford South: Giant Tier 1 VTEM, gravity and AMT target Coincident VTEM, gravity and associated AMT anomalies Anomalies adjacent to at least two major fault structures Walford Creek deposit
Slide 18: Board
Board Board and senior management team have deep exploration and technical expertise coupled with extensive corporate experience Carlos Alberto Fernicola Peter Henry Hwang Simon James Pooley Non-Executive Chairman Managing Director Non-Executive Director B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcct
Slide 19: Investment highlights
Investment highlights Potential near-term cash flow Tier 1 Potential Exploration Targets in World-Class Mining Districts Undervalued @ $0.015: Lowest entry cost exposure to near-term production gold and copper Resources & multiple Tier 1-potential base metals targets Accelerated studies for near-ter
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