Superior Resources Limited · ASX:SPQ
Superior Resources — Shareholder Meeting (November 2013)
10 slides from Superior Resources's shareholder meeting presentation, Nov 22, 2013
Slide 1: Superior Resources Limited AGM Presentation
Superior For personal use only Resources Limited AGM Presentation 22 November 2013
Slide 2: Board & Management
Board & Management For personal use only David Horton - Chairman – 41 years in mineral exploration, project generation, management and resource evaluation Peter Hwang - Managing Director – 13 years in resources and corporate law, 6 years in mineral exploration Ken Harvey - Exploration Director
Slide 3: Corporate Summary
Corporate Summary For personal use only ASX CODE: SPQ Share Structure Ordinary shares 176.9 million Options (listed/unlisted) Nil Market cap. 1.8 million Cash A$800,000 7,000,000 DYL Shares A$140,000 Debt Nil Total top 20 holders: 68.29%
Slide 4: Company Highlights
Company Highlights For personal use only ¾ 5 “company-making” projects in Queensland ¾ Maiden JORC resource - 13Mt @ 0.42%Cu (Greenvale) ¾ Low overheads - $110,000 per quarter ¾ Approximately $0.94 million - cash and listed investments - yet to place shortfall from Rights Issue ¾ Experienced Board &
Slide 5: Projects
For personal use only Projects Darwin Greenvale NWQ Base Metals Townsville Tick Hill Brisbane Perth Sydney Adelaide 0 1000km Melbourne
Slide 6: Outcomes 2013
Outcomes 2013 For personal use only ¾ Completed Rights Issue – raised $1.1million - Attracted new shareholders and broker support ¾ Greenvale: - Maiden JORC resource of 13Mt @ 0.42%Cu ¾ Tick Hill: - moved closer to commencement of work ¾ NW Qld: - conducted substantial geophysical modeling - identif
Slide 7: Corporate considerations
Corporate considerations For personal use only Board recognises current market drivers ¾ Market gloom – evolved market - retail sector depressed - actively identify non-conventional funding sources - private equity / external markets ¾ Market profile - develop relationships with preferred brokers
Slide 8: Corporate Strategy
Corporate Strategy For personal use only ¾ Current projects - expedite the development of current key projects - re-evaluate current exploration strategies - focus on expenditure efficiency - secure JV partners ¾ Funding - fine balance between preservation of capital & company progression - develop
Slide 9: Summary
Summary For personal use only 9 High quality, 100% owned company-making projects 9 Strong Board and management team - maximise ability to secure new opportunities - most effectively develop key projects 9 Tightly held share register - Top 20 holds 68% issued capital 9 Low corporate overheads 9 Cost
Slide 10: Limitations & JORC
For personal use only Limitations & JORC This presentation has been prepared by the management of Superior Resources Limited (the Company) for the benefit of brokers, analysts and investors and not as specific advice to any particular party or persons. The information is based on publicly available
Superior Resources — Shareholder Meeting (November 2013) on 6ix