Superior Resources Limited · ASX:SPQ
Superior Resources — Shareholder Meeting (November 2023)
30 slides from Superior Resources's shareholder meeting presentation, Nov 29, 2023
Slide 1: Annual General Meeting 2023
Annual General Meeting 2023 Peter Hwang, Managing Director 29 November 2023 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: Year in review - 2023
Year in review - 2023
Slide 4: Snapshot 2023
Snapshot 2023 Discovering new Tier 1-potential copper and nickel frontiers New • Confirmed new fertile Porphyry Cu-Au mineral province Porphyry Province • Island arc porphyry belt containing numerous porphyry mineral systems • Confirmed new magmatic Ni-Cu-PGE sulphide province (Norilsk/Voisey's New
Slide 5: Corporate snapshot
Introduction Corporate snapshot Share Price1 Issued Shares 1. As at 24 November 2023 Market Cap $0.022 1,834m $40.4m Cash Debt Top 20 Holdings Carlos Alberto Fernicola $0.98M $nil 33% Non-Executive Chairman B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcctg, GDippAppFinInv, GDipAppCorpFin 40 Overview 30
Slide 6: Superior's success strategy
Growth through discovery – multiple Tier 1-potential exploration projects Superior’s success strategy Copper is critical to enabling a green future Leverage – Future-facing commodities focus | Tier 1-potential projects Big High potential Strategic New Cu-Au porphyry province New Ni-Cu-PGE sulphide p
Slide 7: Superior's success strategy
Growth through discovery – multiple Tier 1-potential exploration projects Superior’s success strategy Copper is critical to enabling a green future To meet the world’s climate SPQ building to be at the forefront to meet this challenge ambitions: 10 million tonnes per year of NEW copper production
Slide 8: Pipeline of quality projects – 100% SPQ
Growth through discovery – multiple Tier 1-potential exploration projects Pipeline of quality projects – 100% SPQ Tier 1-potential - Imminent growth - Positioned for value Feasibility Study Resource definition / Significant mineralisation Advanced exploration QLD Exploration
Slide 9: Greenvale Project
Growth through discovery Greenvale Project Link to Island Arc schematic Porphyry Copper & Nickel Sulphide Belts – Why the concentration of copper and nickel? Total area: 2,307 km2 SPQ Advantage Aerial Magnetics (RTP) Ordovician island arc setting • Consolidation of prospective ground over two new cr
Slide 10: Bottletree
Growth through discovery Bottletree Cu-Au-Mo porphyry system discovery Porphyry Cu-Au-Mo Porphyries and potential porphyries A’ BTDD003 A Circular satellite feature Bottletree Soil Cu Anomaly 1 km
Slide 11: Bottletree
Growth through discovery Bottletree Cu-Au-Mo porphyry system discovery Porphyry Cu-Au-Mo A A’ • Porphyry potassic alteration intersected in Hole 5 (450m to 650m) • Hole 4 (2021) intersected porphyry-style mineralisation 54m @ 0.27% Cu 632m @ 0.21% Cu, incl 224m @ 0.40% Cu, (from 5m below Wall rock-
Slide 12: Bottletree
Greenvale Project Bottletree Buried Cu-Au-Mo porphyry system 2023 Drilling Program – targeting wall rock zone and potential porphyry core Potential wall rock- hosted porphyry vein mineralisation
Slide 13: Bottletree – A reduced porphyry system
Greenvale Project Bottletree – A reduced porphyry system • Bottletree now recognised by SPQ as a reduced porphyry system Bottletree Intense Mo and Cu mineralisation • Reduced porphyries characteristically have low magnetic signature! Discovery Outcrop gossan Porphyry potassic core target Southern Go
Slide 14: Greenvale Project
Growth through discovery Greenvale Project Cockie Creek Porphyry Copper Porphyries and 3D modelled IP potential porphyries chargeability Approx zone of 2013 Mineral Resource estimate Cockie Creek Cockie Creek Bottletree Bottletree
Slide 15: Greenvale Project
3 Refer ASX announcement dated 27 March 2013 Growth through discovery 4 Refer ASX announcement dated 6 November 2023 Greenvale Project Cockie creek has exceeded our expectations! Cockie Creek Porphyry Copper • CCDD003 – 248m @ 0.28% Cu, 0.06g/t Au and 44ppm Mo from 56m to 303.7m (EOH)4 • 13Mt @ 0.42
Slide 16: Greenvale Project
Growth through discovery Greenvale Project Cockie Creek Porphyry Copper 3D modelled IP chargeability
Slide 17: Magmatic Ni-Cu-Co-PGE sulphide project
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project Proven Nickel-Copper-PGE sulphide province – but practically unexplored by drilling Ni-Cu-PGE Project tenement area: 2,058km2 (including new applications) (Julimar Project area ~750km2 (ASX:CHN)) 40+ fertile troctolite intrusions – Only 1
Slide 18: Magmatic Ni-Cu-Co-PGE sulphide project
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project Regional Magnetics Spectrem Air EM, magnetics, radiometrics, DEM Schematic showing the development of magmatic Ni-Cu- PGE sulphide deposits of the Norilsk/Voisey’s Bay type Luolavirta, K (2018)
Slide 19: Magmatic Ni-Cu-Co-PGE sulphide project
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project Known and interpreted Numerous troctolite, pyroxenite and gabbronorite intrusions across entire mafic/ultramafic intrusions project area indicative of large-scale magmatic Ni-Cu-PGE sulphide ore bodies similar to Norilsk/Voisey’s Bay Micro
Slide 20: Magmatic Ni-Cu-Co-PGE sulphide project
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project Phantom Airborne Magnetics (RTP) Big Mag EM targets 1 km
Slide 21: Magmatic Ni-Cu-Co-PGE sulphide project – Palmer Rails
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project – 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 substa
Slide 22: Magmatic Ni-Cu-Co-PGE sulphide project – Palmer Rails
Greenvale Project Magmatic Ni-Cu-Co-PGE sulphide project – 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/
Slide 23: SPQ – a compelling investment case
Growth through discovery – multiple tier 1-potential exploration projects SPQ – a compelling investment case Leveraging the green transition REEs “We can trust the world’s population to progress a green transition. Copper, above all other future-facing elements, is the most fundamental. This is a pe
Slide 24: Appendices
( Superior v Resources
Slide 25: Steam Engine – Highly positive Scoping Study
Greenvale Project Steam Engine – Highly positive Scoping Study Base Case Upside Case Parameter @ A$2,200 /oz Au @ A$2,500 /oz Au 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
Slide 26: Steam Engine Project – Potential new lodes
Steam Engine Project – Potential new lodes Dinner Creek Lode Potential additional lodes under shallow cover
Slide 27: 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 28: 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 29: Island Arc setting
Island Arc setting: Schematic subduction zone with oceanic plate, trench and accretionary wedge, arc and forearc and back arc basin Wikimedia Commons, User MagentaGreen (CC BY-SA)
Slide 30: Contact Us
Contact Us Email: manager@superiorresources.com.au Phone: +61 7 3847 2887 Website: www.superiorresources.com.au
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