Slide 1: Presentation October 2009
For personal use only Presentation October 2009 Ken Harvey Managing Director Mining Nicholson River 2009
Slide 2: Limitations & JORC
Limitations & JORC For personal use only 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
Slide 3: Company
Company For personal use only • Chairman Lawrie Litzow • Managing Director Ken Harvey • Non-Executive Director David Horton • Incorporated February 2005 • Floated on ASX November 2007 • Copper, Lead-Zinc-Silver, Uranium (Diamonds, Phosphate) • 77 Million Shares (9.5M Escrowed) • 9.6 Million Options
Slide 4: Targets & Projects
Targets & Projects For personal use only • Search for Large Deposits in Northwest Queensland (Mount Isa Style Copper & Lead-Zinc-Silver and Uranium) • Conceptual Approach using Modern Technology (Geophysics & Computer Modelling followed by Drilling) • Continual Improvement in Tenement Quality (Incre
Slide 5: Project Locations
Project Locations For personal use only All Projects • Northwest Queensland • 100% owned • Copper & Lead-Zinc-Silver • Mount Isa style deposits • Secondary targets: (Uranium, phosphate, diamonds) Northwest Queensland Rates highly for: • Copper (Mt Isa, Ernest Henry) • Lead-zinc-silver (Mt Isa, Centu
Slide 6: Summary
Kingfisher Copper Prospect For personal use only Summary • 180km NNW Mt Isa • 50km SSE Century • Extensive surface copper mineralisation in silicified and brecciated dolomitic siltstones of the Proterozoic Lady Loretta Formation and overlying basal Cambrian breccia and Limestones • Previously drille
Slide 7: Old copper workings in basal Cambrian breccia
Kingfisher Copper Prospect Old copper workings in basal Cambrian breccia For personal use only Cambrian limestone Cambrian breccia
Slide 8: Copper in basal Cambrian breccia
Kingfisher Copper Prospect Copper in basal Cambrian breccia For personal use only Breccia Green Copper Staining
Slide 9: Old copper workings in jasperised Cambrian limestone
Kingfisher Copper Prospect Old copper workings in jasperised Cambrian limestone For personal use only
Slide 10: Outcropping copper in silicified and brecciated Proterozoic siltstones
Kingfisher Copper Prospect Outcropping copper in silicified and brecciated Proterozoic dolomitic siltstones For personal use only
Slide 11: Outcropping copper in silicified and brecciated Proterozoic siltstones
Kingfisher Copper Prospect Outcropping copper in silicified and brecciated Proterozoic dolomitic siltstones For personal use only
Slide 12: Outcropping copper in silicified and brecciated Proterozoic siltstones
Kingfisher Copper Prospect Outcropping copper in silicified and brecciated Proterozoic dolomitic siltstones For personal use only
Slide 13: Outcropping copper indicated by copper grass
Kingfisher Copper Prospect Outcropping copper in Proterozoic dolomitic siltstones indicated by copper grass For personal use only Cambrian limestone Cambrian limestone Proterozoic siltstone Proterozoic siltstone
Slide 14: Targeting
Kingfisher Copper Prospect For personal use only Targeting • Extensive surface copper mineralisation • CRAE’s shallow drilling • Prospective Lady Loretta Formation • Geochemically similar to Mount Isa copper ( Cu, Co, As and low gold) • Potential ‘leakage’ from a larger copper deposit at depth • Gra
Slide 15: Bouguer Gravity
Kingfisher Copper Prospect Bouguer Gravity For personal use only • 1000 gravity data points • Largest bouguer gravity anomaly coincident with main area of copper workings and previous drilling • Additional anomalies in surrounding area • Dolomite (sg > quartz) may cause some anomalies • Encouraging
Slide 16: Modelled Density 0RL
Kingfisher Copper Prospect Modelled Density 0RL For personal use only • 200m below ground level • Gravity targets hold up reasonably well with density modelling • Sources for gravity anomalies are mostly deeper than 200m but some are shallow • Northwesterly structures show in density data • Target A
Slide 17: Modelled Density -200RL
Kingfisher Copper Prospect Modelled Density -200RL For personal use only • 400m below ground level • Gravity targets hold up reasonably well with density modelling • Sources for gravity anomalies are mostly about 400m deep but some are shallow • Northwesterly structures show in density data • Target
Slide 18: Walford South Prospect Summary
Walford South Prospect Summary For personal use only • 350km NNW Mt Isa • 5km S Walford Creek • Coincident AEM and gravity (old data) anomalies • No previous drilling • 3 holes drilled in the current year indicated pyritic shale and some scattered low-grade zinc mineralisation • A recent gravity sur
Slide 19: Walford South Prospect Gravity Survey
Walford South Prospect Gravity Survey For personal use only • 870 gravity data points • Pyritic shale in three drill holes – deep (800m) • Bouguer gravity anomaly suggests mineralisation related to Calvert Fault Zone • Flat lying sediments covered by later sandstone/siltstone • Apparent lead-zinc- s
Slide 20: Walford South WS003 Pyritic Shale
Walford South Prospect For personal use only WS003 Pyritic Shale (20m) • Tray 152 - 777m to 782m (dry) • Interbedded fine grained pyrite (light) and shale (dark) • Zn up to ~1000 ppm • Light coloured bands are tuff beds • Indicates general setting favourable for Pb-Zn-Ag but some distance from this
Slide 21: Hedleys Uranium Prospect Summary
Hedleys Uranium Prospect For personal use only Summary • 340km NNW Mt Isa • 50km SSE Westmoreland • A strong localised airborne radiometric uranium anomaly along a major fault • Lies about 150m above a major unconformity • No previous drilling • Previously explained as an anomaly due to radon gas in
Slide 22: Comparison of Hedleys and Valhalla Airborne Uranium Anomalies
Hedleys Uranium Prospect Comparison of For personal use only Hedleys and Valhalla Airborne Uranium Anomalies
Slide 23: Hedleys Uranium Prospect
Hedleys Uranium Prospect For personal use only
Slide 24: Hedleys Uranium Prospect: Unconformity Uranium Deposits
Hedleys Uranium Prospect For personal use only Could the strong airborne uranium anomaly at the Hedleys Uranium Prospect be derived from an unconformity related uranium deposit at shallow depth beneath the area? Unconformity Uranium Deposits • Athabasca Basin (Canada); East Alligator River (Australi
Slide 25: Hedleys Radon Gas Anomaly
Hedleys Uranium Prospect Radon Gas Anomaly For personal use only Radon222 gas is produced during the radioactive decay of Uranium238. Further decay leads to the formation of Bismuth214 which on decay emits the gamma radiation which is detected by airborne radiometric surveys as a measure of the amou
Slide 26: Hedleys Uranium Prospect
Hedleys Uranium Prospect For personal use only
Slide 27: Walford South Drill Hole WS003
Hedleys Uranium Prospect Walford South Drill Hole WS003 For personal use only •Unconformity between South Nicholson Group sandstones and carbonaceous Doomadgee Formation showing bitumen Bitumen • This unconformity is the possible position for a uranium occurrence below the Hedleys Uranium Anomaly Sa
Slide 28: Mungeraba Prospect Summary
Mungeraba Prospect For personal use only Summary • 160km SSW Mt Isa • 60km SW Dajarra • A large Airborne EM (VTEM) anomaly in a covered area along strike from an area of outcropping Mount Isa Group sediments • The anomaly models as a flat-lying conductive source • Work in progress to determine if po
Slide 29: Mungeraba Prospect
Mungeraba Prospect 305,000 mE 305,000 mE 0 1 2 0 1 2 For personal use only kilometres kilometres ts 7,555,000 mN 7,555,000 mN ts 7,555,000 mN 7,555,000 mN en en RFZ001 RFZ001 im im rou ping rou ping ed ed RFZ002 RFZ002 pS pS a G op a G op RFZ003 RFZ003 t Is tcr t Is tcr Edge of Cover RFZ004 Edge of
Slide 30: Mungeraba Prospect
Mungeraba Prospect 305,000 mE 305,000 mE 0 1 2 0 1 2 For personal use only kilometres kilometres ts 7,555,000 mN 7,555,000 mN ts 7,555,000 mN 7,555,000 mN en en RFZ001 RFZ001 im im rou ping rou ping ed ed RFZ002 RFZ002 pS pS a G op a G op RFZ003 RFZ003 t Is tcr t Is tcr Edge of Cover RFZ004 Edge of
Slide 31: Mungeraba Prospect
Mungeraba Prospect 305,000 mE 305,000 mE 0 1 2 0 1 2 For personal use only kilometres kilometres ts 7,555,000 mN 7,555,000 mN ts 7,555,000 mN 7,555,000 mN en en RFZ001 RFZ001 im im rou ping rou ping ed ed RFZ002 RFZ002 pS pS a G op a G op RFZ003 RFZ003 t Is tcr t Is tcr Edge of Cover RFZ004 Edge of
Slide 32: Thank You
For personal use only Thank You