Superior Resources Limited · ASX:SPQ

Superior Resources — Brisbane Resources Industry Luncheon (September 2021)

22 slides from Superior Resources's conference presentation, Sep 7, 2021

  1. Slide 1: Defining gold and copper Resources in NE QLD

    Defining gold and copper Resources in NE QLD Brisbane Resources IndustryCorporate Lunch Strategy Development 7 September 2021 Presented by Peter Hwang Managing Director

  2. Slide 2: Disclaimer

    Disclaimer 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 jurisdict

  3. Slide 3: Corporate snapshot

    Corporate snapshot 1. As at 6 September 2021 Share price1 Shares Market Cap1 Cash1,3 2. 86,419,683 unlisted Options on issue1,2 $0.013 1,381m $18m $0.84m expiring 31/12/2021 @ $0.006 3. nil debt SPQ ORD 8% Management Board Peter Hwang (Managing director) 7% Yarraandoo Pty Ltd Carlos Fernicola (Chair

  4. Slide 4: Project portfolio

    Project portfolio Greenvale Project Nicholson Project Victor Project (SPQ 100%) (SPQ 100%) (SPQ 100%) 849 km2 (1,449 km2) 300 km2 438 km2 Gold, Copper-Gold, Lead-Zinc-Silver (Copper, Lead-Zinc-Silver Nickel-Copper-Cobalt- Cobalt), Uranium (Copper) PGE, Zinc  5 Tier 1 equivalent Mt  Several Tier 1

  5. Slide 5: Operational snapshot

    Operational snapshot Defining gold and copper resources at Greenvale - towards a potential centralised gold and copper mining hub Steam Engine Bottletree Copper Cockie Creek Wyandotte Voisey’s Bay style Gold Deposit Deposit Copper-Gold Deposit Copper Deposit Ni-Cu-PGE 1.73Mt @ 2.2 g/t Au 292m @ 0.22

  6. Slide 6: Greenvale Strategic Direction

    Greenvale Strategic Direction Centralised gold and copper mining (and Processing) hub Near-term Major Assessment production Infrastructure Pipeline Steam Engine - 275kV GENEX- - Steam Engine Kidston Connection - Wyandotte Project - Cockie Creek - Gregory Highway - numerous copper and gold prospects

  7. Slide 7: 13,000m Drilling Program at Greenvale

    13,000m Drilling Program at Greenvale  GOLD (Steam Engine) –  COPPER (Bottletree) –  COPPER (Wyandotte) –  COPPER (Cockie Ck) –  Pathway to near-term  2,300m 2-stage diamond  2,115m 2-stage drilling  Mineral Resource production drilling program program Estimation (JORC 2012)  Progressing th

  8. Slide 8: Steam Engine – Progressing towards development

    Steam Engine – Progressing towards development 1.73Mt @ 2.2 g/t Au (122,000 oz)

  9. Slide 9: Steam Engine – Highly positive Scoping Study

    Steam Engine – Highly positive Scoping Study Base Case @ Upside Case @ Parameter AUD$2,200 /oz AUD$2,500 /oz Financial Summary Overall Cash Flow (post-tax) AUD$24.2M AUD$41.0M NPV7% (post-tax) AUD$21.2M AUD$35.9M Internal Rate of Return (IRR) (post- 242% 410% tax) All-in Sustaining Costs (AISC)1 AUD

  10. Slide 10: Steam Engine – Current program timeline

    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 Geophysics and Soil Sampling – Steam Engine extensions Revised Mineral Resource Estimat

  11. Slide 11: Bottletree – Large-scale copper-mineralised system

    Bottletree – Large-scale copper-mineralised system o Large-scale copper mineralisation identified - 2018  High grade copper (18.7m @ 1.12% Cu)7  Broad Cu mineralisation (292m @ 0.22% Cu) o Copper grades correlate well with chargeability response o Last drill hole (2018) intersected northern edge o

  12. Slide 12: Bottletree – Large-scale copper-mineralised system

    Bottletree – Large-scale copper-mineralised system SBTRD006 (2018) o Large-scale copper mineralisation identified - 2018  High grade copper (18.7m @ 1.12% Cu)7 Stage 1  Broad Cu mineralisation (292m @ 0.22% Cu) holes to o Copper grades correlate well with be drilled chargeability response o Last d

  13. Slide 13: Cockie Creek – Cu-Au

    B29 2000 mE 2200 mE 2400 mE 2600 mE 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% Cu9 (JORC 2004), based on str

  14. Slide 14: Wyandotte – High grade copper deposit

    Wyandotte – High grade copper deposit Exploration Target8 Specific Tonnes Cu % Cu tonnes Range Gravity 400,000 2.7 2.2% 8,800 Lower 1,000,000 3.0 1.9% 19,000 Upper  To be drilled in current drilling campaign  Maiden Mineral Resource estimate will be established  No exploration conducted since 197

  15. Slide 15: Dido, Phantom & Big Mag – Ni-Cu-Co-PGE

    Dido, Phantom & Big Mag – Ni-Cu-Co-PGE Clear evidence for Voisey’s Bay style magmatic sulphide Ni-Cu-PGE systems  Previous exploration by Anglo American (2012) confirmed evidence for Voisey’s Bay geological system  New tenement applications over Ni-Cu-PGE prospective ground have more than doubled

  16. Slide 16: Big Mag – Ni-Cu-Co-PGE

    Big Mag – Ni-Cu-Co-PGE  A series of mafic and differentiated ultramafic intrusions Airborne Magnetics (RTP)  Drill-ready potential Ovoid and Feeder Dyke  Intense magnetic anomaly target at depth within Ovoid  Differentiated / layered intrusion appears within potential Feeder Dyke

  17. Slide 17: Copper – 2021 Bull copper market

    Copper – 2021 Bull copper market SPQ has copper well and truly covered o SPQ holds the Ordovician Lucky Creek Corridor o Intense concentration of copper deposits and prospects o Near-term production & Tier-1 prospects, for example:  Bottletree: large copper system (292 m @ 0.22% Cu including 18.7 m

  18. Slide 18: Nicholson and Victor – Tier 1 Mount Isa-style targets

    Nicholson and Victor – Tier 1 Mount Isa-style zinc-lead-silver-copper 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 EAST

  19. Slide 19: Nicholson – Nicholson West and Walford South targets

    Nicholson – 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-developed

  20. Slide 20: 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

  21. Slide 21: Investment Summary

    Investment Summary  Diverse portfolio of exploration projects with exposure to Au, Cu, Ni-Cu-PGE, Pb-Zn-Ag in world-class mineral provinces, all 100% SPQ owned  2021 focus on Greenvale Project – strategic programs to progress towards a central Au-Cu processing operation fed by multiple satellite p

  22. Slide 22: Contact Us

    Contact Us Email: manager@superiorresources.com.au Phone: +61 7 3847 2887 Website: www.superiorresources.com.au

Superior Resources — Brisbane Resources Industry Luncheon (September 2021) on 6ix