Superior Resources Limited · ASX:SPQ
Superior Resources — Shareholder Meeting (December 2024)
31 slides from Superior Resources's shareholder meeting presentation, Dec 2, 2024
Slide 1: ASX Announcement: 2024 AGM Managing Director's Presentation Clarification Re-release
ASX 2 December 2024 Announcement 2024 AGM – MANAGING DIRECTOR’S PRESENTATION CLARIFICATION RE-RELEASE Superior Resources Limited (ASX:SPQ) (Superior, the Company) provides a clarification to its announcement titled “Annual General Meeting – Managing Director’s Presentation – 26 November 2024”, origi
Slide 2: Annual General Meeting 26 November 2024
Annual General Meeting 26 November 2024 Peter Hwang, Managing Director ASX:SPQ
Slide 3: 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 4: Corporate Overview
CORPORATE OVERVIEW Share Price1 Issued Shares Market Cap $0.008 2.17B $17.4M Cash Debt Top 20 Holdings Carlos Alberto Fernicola $0.6M $Nil 34% Non-Executive Chairman B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcctg, GDippAppFinInv, Price and volume GDipAppCorpFin 20 0.023 Overview 30+ years experience
Slide 5: Highlights
HIGHLIGHTS October 2024 2024 September 2024 Discovery of multi-lode Commencement of Steam gold shoot at Steam Engine Feasibility Study Engine from Phase 1 drill program August 2024 Bottletree gravity survey highlights two porphyry core targets April 2024 Awarded QLD government $300,000 CEI grant for
Slide 6: Asset Overview
ASSET OVERVIEW Sector-leading portfolio: Porphyry Cu Belt, Ni-Cu-PGE, Zn | Backed by near-term Au revenue Flagship • 2 New Mineral Provinces: Porphyry Cu-Au belt & Ni-Cu-PGE sulphides Greenvale Project • Mineral Resources: Au & 2 x historical Cu • Large scale project: 130km-long | 2,307km2 • Mineral
Slide 7: Solid Strategy
SOLID STRATEGY Leveraged to Tier-1 porphyry Cu-Au discoveries whilst transitioning to gold production Near-term Gold production Mining Studies | Toll Treatment Feasibility Study Steam Engine Gold Resource definition / Future critical Copper Significant mineralisation >4 large porphyry Cu-Au prospect
Slide 8: Strategic Focus: Gold price on the rise
STRATEGIC FOCUS Gold price on the rise & continuing to climb Citi projects US$3,000/oz in 2025 ANZ Research forecasts US$2,900/oz 7
Slide 9: Strategic Focus: New copper projects are critical
STRATEGIC FOCUS New copper projects are critical to meet demand Copper supply and demand To meet the world’s climate ambitions: 10 million tonnes per year of NEW copper production Numerous world-class Cu-Au porphyry deposits must be discovered and developed 8
Slide 10: Greenvale Project – New Mineral Provinces
GREENVALE PROJECT – 2 NEW MINERAL PROVINCES Transitioning to Gold production amongst Porphyry Copper & 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 • Porphyr
Slide 11: Steam Engine Gold Project
STEAM ENGINE GOLD PROJECT A strategic Gold project rapidly advancing towards production • A rapidly growing gold deposit with large-scale upside potential • Feasibility Study underway • Positive Scoping Study supports early production and significant upsides from additional Resources • Limited drill
Slide 12: Steam Engine Gold Project
STEAM ENGINE GOLD PROJECT BOTTLETREE Windmill East & Origin Lodes Southern Zone Lodes GREGORY HIGHWAY 11
Slide 13: Steam Engine: Mineral Resource continues to grow
STEAM ENGINE GOLD PROJECT 12 Mineral Resource continues to grow | Large deposit potential Au Steam Engine Resource Growth (Oz) (2017 – 2022) 7 Mineral Resource April 20226 200,000 180,000 160,000 Inferred 75,000 140,000 Mineral Resource April 20226 120,000 100,000 Inferred 55,000 Indicated 80,000 68
Slide 14: Financially robust Scoping Study outcomes
STEAM ENGINE GOLD PROJECT Financially robust Scoping Study outcomes 8 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 15: Steam Engine: Resource expansion potential
STEAM ENGINE GOLD PROJECT Resource expansion potential 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 new Potential Easte
Slide 16: Bottletree: A large-scale Porphyry Cu-Au-Mo System
BOTTLETREE A large-scale Porphyry Cu-Au-Mo System within a new porphyry belt 15
Slide 17: 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: 632m @ 0.21% Strong copper zones Cu, incl 224m @ 0.40% represent wall-rock
Slide 18: 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 Refer ASX announcements dated 2 June 2022 and 12 Apr
Slide 19: Bottletree: Intense Cu and Mo mineralisation
Intense Cu and Mo mineralisation BOTTLETREE Ready to drill-test several porphyry core targets CEI-funded drill holes Porphyry core target Porphyry core target Intense gravity anomalies BTDD010, 474m – 476m BTDD006 – 531.7m – Intense molybdenum quartz-pyrite-chalcopyrite- mineralisation within pyrrho
Slide 20: Cockie Creek: Maiden drilling confirmed porphyry system
COCKIE CREEK Approx extent of historical Mineral Resource Maiden drilling confirmed strong Porphyry Cu-Au-Mo system • Historical Porphyry Cu-Au Mineral Resource (13Mt @ 0.42% Cu12 (Inferred) (JORC 2004) for 54,600t contained Cu) above a much larger IP chargeability anomaly • Maiden drilling confirms
Slide 21: Cockie Creek: Strong porphyry mineralisation
COCKIE CREEK Strong porphyry 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) CCDD003 – 93.7m – quartz- pyrite-chalcopyrite- pyrrhotite-molybdenite (1m @ 0.24% Cu, 0.06 g/t Au, 33 ppm Mo) 20
Slide 22: Hedleys Uranium
HEDLEYS URANIUM 13. World Nuclear Association Refer ASX announcement dated 30 September 2009 Compelling large-scale uranium potential • 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 (ppm) 20
Slide 23: 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 24: Magmatic Ni-Cu-PGE Sulphide: Palmer Rails, Phantom, Big Mag
MAGMATIC Ni-Cu-PGE SULPHIDE Palmer Rails | Phantom | Big Mag Palmer Rails Phantom Big Mag 1 km 23
Slide 25: Magmatic Ni-Cu-PGE Sulphide: Palmer Rails
MAGMATIC Ni-Cu-PGE SULPHIDE 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) Palmer Rails No
Slide 26: 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 27: Appendices
~ Superior Resources Appendices x at Th “a 4
Slide 28: 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 • “Maiden JORC inferred Mineral Resource Estimate, Steam Engine Gold Deposit”, dated 19 October 2017
Slide 29: 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 30: 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 31: Contact Us
Contact Us Email: manager@superiorresources.com.au Phone: +61 7 3847 2887 Website: www.superiorresources.com.au 30
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