Superior Resources Limited · ASX:SPQ
Superior Resources — Investor Presentation (April 2025)
38 slides from Superior Resources's investor presentation, Apr 2, 2025
Slide 1: Equity Raise Presentation
Equity Raise Presentation April 2025 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: Capital raise structure
Capital raise structure Leveraged to near-term gold production whilst growing copper inventory Offer • A private placement (Placement) to “sophisticated investors” and “professional investors” (as defined by the Corporations Act 2001 (Cth)) to raise approximately $1 million with the ability to accep
Slide 4: Capital raise timetable
Capital raise timetable Leveraged to near-term gold production whilst growing copper inventory Event Timing Trading Halt Monday, 31 March 2025 Placement opens Monday, 31 March 2025 Placement closes 4:00pm (AEDT), Tuesday, 1 April 2025 Offer letters accepted Tuesday, 1 April 2025 Trading resumes Wedn
Slide 5: Corporate Overview
CORPORATE OVERVIEW Share Price1 Issued Shares Market Cap $0.007 2.17B $15M Cash2 Debt Top 20 Holdings Carlos Alberto Fernicola $0.4M $Nil 34% Non-Executive Chairman B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcctg, GDippAppFinInv, Price and volume GDipAppCorpFin 14 0.012 Overview 30+ years experience
Slide 6: Solid Strategy
SOLID STRATEGY Gold: A$4,805 /oz Leveraged to near-term gold production whilst growing copper inventory Copper: US$5.20 /lb (as at 26 March 2025) Near-term Gold Production “Superior’s 100%-owned portfolio Steam Engine Gold – Mining Studies | Toll Treatment of multiple porphyry Cu-Au Targeting develo
Slide 7: Province-Scale Projects
PROVINCE-SCALE PROJECTS Sector-leading portfolio: Near-term Au production | Porphyry Cu-Au Belt | Ni-Cu-PGE | U | SEDEX Zn-Pb Flagship • 2 newly-recognised Mineral Provinces: Porphyry Cu-Au belt & Ni-Cu-PGE sulphides GREENVALE PROJECT • Mineral Resources: Au & 2 x historical Cu • Multiple Tier 1-sca
Slide 8: Greenvale Project – New Mineral Provinces
GREENVALE PROJECT – 2 NEW MINERAL PROVINCES Transitioning to Gold production amongst Porphyry Copper-Gold & Nickel Sulphide Belts Total area: 2,307 km2 Sector-leading tenement package Northern extension of Macquarie Arc • Secured 2 new major mineral provinces – previously unrecognised Wyandotte • Po
Slide 9: Steam Engine Gold Project
STEAM ENGINE GOLD PROJECT A strategic Gold project targeting development Q3 2026 • Positive Scoping Study indicates significant cash flow from open-pit mining and toll treatment • Feasibility Study underway • 196,000oz @ 1.5g/t Au – a growing Resource with large-scale upside potential • MRE only on
Slide 10: Steam Engine Gold Project
STEAM ENGINE GOLD PROJECT BOTTLETREE Windmill East & Origin Lodes Southern Zone Lodes Refer to Appendix “Mineral Resource Estimates” for Mineral Resource confidence category breakdown and original ASX announcement: “Material upgrade in Steam Engine Resource to 196,000 oz Au with 80.6% increase to Me
Slide 11: Steam Engine Gold Project: Mineral Resource continues to grow
STEAM ENGINE GOLD PROJECT 11 Mineral Resource continues to grow | Large deposit potential Au Steam Engine Resource Growth (Oz) (2017 – 2022) 10 Mineral Resource April 20229 200,000 180,000 160,000 Inferred 75,000 140,000 Mineral Resource April 20229 120,000 100,000 Inferred 55,000 Indicated 80,000 6
Slide 12: Financially robust Scoping Study outcomes
STEAM ENGINE GOLD PROJECT Financially robust Scoping Study outcomes11 Toll Treatment Stand-Alone Processing Quarterly Gold Production by Resource Classification Parameter Base Case Upside Case Base Case Upside Case Toll Treatment Scenario Quarterly Gold Production (koz / Qtr) @ A$3,250/oz @ A$3,500/
Slide 13: Scoping Study outcomes – Toll Treatment
STEAM ENGINE GOLD PROJECT Gold: A$4,805 /oz Financially robust Scoping Study outcomes – TOLL TREATMENT 14 (as at 26 March 2025) Sensitivity to key assumptions (Cash Flow) Scenario comparisons (NPV / Au Production) A$4,250/oz Au A$3,900/oz Au Revenue A$3,250/oz Au Factor 1.2 Pit Revenue A$3,250/oz Au
Slide 14: Scoping Study outcomes – Stand-Alone Processing
STEAM ENGINE GOLD PROJECT Gold: A$4,805 /oz Financially robust Scoping Study outcomes – STAND-ALONE PROCESSING 15 (as at 26 March 2025) Sensitivity to key assumptions Scenario comparisons (Cash Flow) (NPV / Au Production) A$3,250/oz Au A$3,900/oz Au Revenue Revenue Factor 1.2 Pit Factor 1.2 Pit A$4,
Slide 15: Steam Engine Project Timeline
STEAM ENGINE GOLD PROJECT Project Timeline Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Resource Expansion Drilling Mineral Resource Upgrade Feasibility Study Test work Pit Design Updating Economic Modelling Study Reporting Toll treatment and Contractor negotiations Native Title and Landholder ne
Slide 16: Resource expansion potential
STEAM ENGINE GOLD PROJECT Resource expansion potential16 Significant undefined linear SAM TFEM feature Steam Engine Location of Steam Engine high grade gold zone Eastern Steam Engine Ridge Lode Potential southern extension of Steam Engine Lode Southern Zone Lodes New Lode Potential Potential new bur
Slide 17: Bottletree
BOTTLETREE A large-scale Porphyry Cu-Au-Mo System within a new porphyry belt 17
Slide 18: Bottletree: Ready to drill-test several porphyry core targets
BOTTLETREE Ready to drill-test several porphyry core targets Discovery Outcrop gossan From grass-roots to a 2.0km x 1.5km alteration W E large porphyry deposit and soil geochem system in 3 years and 6 footprint holes BTDD004: Strong copper zones 632m @ 0.21% Cu, incl represent wall-rock 224m @ 0.40%
Slide 19: Bottletree: Extensive porphyry style mineralisation
BOTTLETREE Extensive porphyry style mineralisation | Large alteration halo A A’ 54m @ 0.27% Cu Wall rock- hosted 323m @ 0.16% Cu porphyry vein mineralisation Molybdenite and late-stage intrusion zone 632m @ 0.21% Cu 314m @ 0.13% Cu 128m @ 0.13% Cu 18. Refer ASX announcements dated 2 June 2022 and 12
Slide 20: Bottletree: Ready to drill-test several porphyry core targets
Intense Cu and Mo mineralisation BOTTLETREE Refer ASX announcements Ready to drill-test several porphyry core targets dated 12 April 2023 and 1 August 2024 CEI-funded drill holes Porphyry core target Porphyry core target Intense gravity anomalies BTDD010, 474m – 476m BTDD006 – 531.7m – Intense molyb
Slide 21: Cockie Creek
COCKIE CREEK Strong Porphyry Cu-Au-Mo mineralisation | Large intrusive complex Soil Cu over RTP Magnetics MULTIPLE PORPHYRY CORE POTENTIAL19: Historical Mineral Resource • Historical Porphyry Cu-Au Mineral Resource above a large, intense IP chargeability anomaly • Maiden JORC (2012) Mineral Resource
Slide 22: Cockie Creek
COCKIE CREEK Refer ASX announcement dated 7 September 2023 Strong Porphyry Cu-Au-Mo mineralisation | Large intrusive complex Soil Cu over RTP Magnetics PLANNED NEXT STAGE: Historical Mineral Resource • Maiden JORC (2012) Mineral Resource Estimate scheduled for release Q2 2025 • Drill-test interprete
Slide 23: Cockie Creek
COCKIE CREEK Refer ASX announcement dated 29 January 2024 Strong Porphyry Cu-Au-Mo mineralisation | Large intrusive complex CCDD007 – 269.4m – quartz-pyrite-chalcopyrite- pyrrhotite (1m @ 1.34% Cu, 0.16 g/t Au, 3.7 ppm Ag, 27.6 ppm Mo) Historical Mineral Resource Historical Mineral Resource 23
Slide 24: Wyandotte
WYANDOTTE High Grade Au-Cu-Ag | Interpreted porphyry Cu-Au-Mo system • Shallow, high grade Cu lode (semi-massive chalcopyrite- bornite) with potential for down-dip extensions • Surrounded by four interpreted buried porphyry intrusions • Potential for significant Cu-Au-Mo porphyry system, as well as
Slide 25: Halls Reward
HALLS REWARD 21. White, D.A. et.al., 1958, Geology of the Hall’s Reward Copper Mine Area, Northern Queensland, BMR Record 1958/60 High Grade Cu-Au-Ag • Small-scale historical mining (1933-1957) 50m x 45m max depth – 12,800t @ 5g/t Au, 17% Halls Reward Cu, 23g/t Ag21 Mine • Main Lode potential extens
Slide 26: Hedleys Uranium
HEDLEYS URANIUM 22. Refer ASX announcement dated 30 September 2009 23. World Nuclear Association Compelling large-scale uranium potential22 • Strong uranium radiometric anomaly related to Radon Gas dissolved in spring waters along a major Strong ‘eUranium’ Anomaly 40 fault Radon Gas eU 30 Anomaly (p
Slide 27: Magmatic Ni-Cu-PGE Sulphide
MAGMATIC Ni-Cu-PGE SULPHIDE Palmer Rails | Phantom | Dido | Big Mag Known and interpreted mafic/ultramafic intrusions Proven Nickel-Copper-PGE sulphide province – but practically unexplored by drilling 40+ intrusions – Only 1 drilled Troctolites, pyroxenites and gabbronorites indicative of large
Slide 28: Magmatic Ni-Cu-PGE Sulphide
MAGMATIC Ni-Cu-PGE SULPHIDE Palmer Rails | Phantom | Big Mag Refer ASX announcement dated 16 March 2022 Palmer Rails Phantom Big Mag 1 km 28
Slide 29: Magmatic Ni-Cu-PGE Sulphide: Palmer Rails
MAGMATIC Ni-Cu-PGE SULPHIDE Palmer Rails25 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) Palmer Rails
Slide 30: Nicholson Project
NICHOLSON PROJECT Multiple world-class Mount Isa style targets Discovery of Zn-Pb SEDEX deposit system at Nicholson West26 (South32 JV, terminated 2020) – only 3 of 8 targets tested Highly compelling targets – Walford South and Nicholson West are highest priority Potential for world-class disc
Slide 31: Nicholson Project: SEDEX Zn-Pb Discovery
NICHOLSON PROJECT SEDEX Zn-Pb Discovery | Multiple world-class Mount Isa style targets 2019 South32 JV Stage 1 drilling points to Nicholson West potential27: 4 diamond drill holes completed totalling 3,176m: 3 holes at Nicholson West, 1 hole at Kingfisher East Discovery of SEDEX mineralisation s
Slide 32: Nicholson Project
NICHOLSON PROJECT Multiple world-class Mount Isa style targets Walford Creek deposit Walford South Prospect Walford South Giant Tier 1 coincident VTEM, gravity and AMT gravity anomaly SEDEX target: AMT conductivity anomaly Coincident VTEM, gravity and associated AMT anomalies Anomalies adjacent
Slide 33: SPQ: A Compelling Opportunity
SPQ: A COMPELLING OPPORTUNITY REEs LEVERAGED STEAM ENGINE BOTTLETREE MINIMAL CORP. FOCUSED To the booming gold GOLD PROJECT COPPER EXPENDITURE On becoming a and copper sectors Near-term production & several other Cu Shareholders’ funds sector-leading pathway, to generate projects benefiting fully co
Slide 34: Appendices
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Slide 35: Appendix References | ASX Announcements
APPENDIX References | ASX Announcements References: ASX Announcements • • “Quarterly Activities Report”, dated 30 September 2009 “Cockie Creek Copper Prospect, Inferred Resource”, dated 27 March 2013 • “Greenvale Project Update, New Projects and Drill Targets”, dated 2 November 2016 • “Maiden JORC i
Slide 36: Appendix Mineral Resource Estimates
APPENDIX Mineral Resource Estimates References: ASX Announcements Steam Engine Project – April 2022 – original ASX announcement: “Material upgrade in Steam Engine Resource to 196,000 oz Au with 80.6% increase to Measured and Indicated categories”, dated 11 April 2022 Grade Ounces Model Classificatio
Slide 37: Appendix Mineral Resource Estimates
APPENDIX Mineral Resource Estimates References: ASX Announcements Steam Engine Project – October 2017 – original ASX announcement: “Maiden JORC Inferred Mineral Resource Estimate. Steam Engine Gold Deposit (Steam Engine Lode)”, dated 19 October 2017 Grade Ounces Classification Tonnes (g/t Au) (Au) I
Slide 38: Contact Us
Contact Us Email: manager@superiorresources.com.au Phone: +61 7 3847 2887 Website: www.superiorresources.com.au 38
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