Superior Resources Company Update September 2017 ASX: SPQ Zinc, - PowerPoint PPT Presentation

Superior Resources Company Update September 2017 ASX: SPQ Zinc, Gold and Copper exploration focus in North Queensland

Investment highlights Significant exposure – Tier 1 zinc exploration – High impact gold and copper exploration through a portfolio of projects in northern Queensland  Provides direct exposure to the increasingly positive market dynamics of zinc, gold and copper  Business model underpinned by strategic partnerships (Teck) in order to prudently maximise exploration spend  Extensive FY18 drilling programs will provide strong news flow and share price catalysts  Planned FY18 commencement of exploration on Tier 1 zinc project – Victor Project  Board and senior management have a proven track record of discovery and are well invested in the success of the company  Current share price does not reflect the significant exploration upside of Superior’s zinc, gold and copper portfolio  Potential near- to mid-term cash flow from the Tick Hill tailings reprocessing project 2

Corporate snapshot An emerging ASX-listed base metals and gold explorer focused on high impact exploration targets in Northern Queensland Financial information Shareholder breakdown (%) Share price (20-Sep-2017) A$0.007 Number of shares (m shares) 1 463.4 12% Substantial shareholders Market capitalisation A$3.2m Cash 1 (30-Jun-2017) A$0.4m 36% 13% Senior leadership shareholding Debt (30-Jun-2017) - Enterprise value A$2.8m Other top 20 shareholders Share price performance over last 12 months Other shareholders 39% Share price (Acps) Volume (m) 1.1 25 1.0 20 0.9 Key partner 15 0.8 Teck Resources (TSX: TECK.B) 0.7 10  TSX-listed metals and mining company and Canada’s 0.6 largest diversified resources company 5 0.5 0.4 0 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Volume (RHS) SPQ (LHS) Source: IRESS, company information 1. Excludes 37,375,000 unlisted options (exercise price: A$0.03; expiry: 30 June 2019) 3

Board and senior management The Board and senior management team have deep exploration and technical expertise coupled with extensive corporate experience [insert [insert [insert image] image] image] Carlos Alberto Fernicola Peter Henry Hwang Kenneth James Harvey Non-Executive Chairman Managing Director Non-Executive Director B.Com, FCA, F Fin, FCIS, FCSA, B.Sc. (Hons), LLB, M.Sc., Dip. Ed., MAusIMM, GradDipAdvAcctg, GDipAppFinInv, MGSA, MQLS MAIG, MSEG, MGSA GDipAppCorpFin  30+ years of experience in accounting, taxation,   46+ years of experience in mineral exploration, 12 years of experience in mineral exploration, audit and the financial services industry project evaluation and management and 18 years in mining and resources law  resource estimation and evaluation and Appointed a Non-Executive Director in 2014  Gold, base metals and diamond exploration exploration management  Fellow of Institute of Chartered Accountants geologist  Previous long-standing member of the Australia and New Zealand, Fellow of the  Solicitor specialising in mining, commercial, exploration and gold development divisions of Governance Institute of Australia and Fellow of mining and infrastructure regulatory and native MIM Holdings Limited the Financial Services Institute of Australia title law, previously with Freehills, Blake Dawson / Ashurst and Minter Ellison 4

Exploration portfolio Portfolio of Tier 1 and high impact exploration projects – including the flagship zinc, lead and copper exploration targets in North West Queensland 1 Tier 1 – North West Queensland Zinc, Lead and Copper   Nicholson project Victor project   Ownership 100% (30% 1 ) Ownership 100%   Commodities: Zinc, Lead, Copper, Silver Commodities: Zinc, Lead, Copper, Silver   Area: 332 km 2 Area: 1,135 km 2   Partner: Teck Australia Principal target: zinc-lead deposit similar  to the Mt Isa Mine Identified high priority target in the first 1 year of exploration 2 1 ― potential zinc-lead-silver massive sulphide deposit 3 2 3 Greenvale Project Tick Hill Gold Project  Ownership: 100%  Ownership: 0% (50% 2 )  Commodities: Gold, Zinc, Copper  Tenements: ML7094, ML7096,  ML7097 Area: 648 km 2  Partner: Diatreme Resources  2017 drilling identified:  Other: JV strategy to: ― large bulk tonnage or porphyry ― discover faulted offset of gold lode copper system (Bottletree) ― exploit, if feasible, mine tailings and ― Extensions to gold lode at highly alluvial-colluvial gold prospective Steam Engine project 1. Under JVA, Superior granted Teck Australia the right to earn a 70% interest in the Nicholson Project (refer to slide 11 for further details) 2. Superior has the right to earn 50% (refer to slide 12 for further details) 5

FY18 workplan Superior Resources has an exciting forward programs scheduled targeting high impact zinc, copper and gold prospects Overview Q3 2017 Q4 2017 Q1 2018 Q2 2018 Nicholson project Drill high priority AMT anomalies Victor project Plan and conduct Initial exploration program Greenvale project 1,422 metre drilling program Define JORC resource at Steam Engine Phase 2 drilling and geophysics program Tick Hill project Identify faulted extension to historic mining Further evaluation of tailings reprocessing options 6

Upcoming FY18 – Exciting high impact activity Multiple operational achievements with additional milestones in the near term 1 1 2 3 Nicholson Project Victor Project Greenvale Project Tick Hill Gold Project     Secured farm-in with Teck with Secured new tenements Secured Cu/Au/Zn tenement Maiden resource estimate A$2.5m commitment to earn-in EPM25264 and EPM25843 EPM 26165 “Cockie South”  Completed metallurgical testing  Completed 3D geological model   Completed geophysical Completed drill program plan  Completed scoping study (CIL)  Completed and interpreted initial remodelling and soil geochemical  Initial drilling program (Riesling)  audio magneto-telluric (AMT) survey Completed initial gravity testing analysis   Completed initial drilling at  Similar stratigraphy to Century Zinc  Extended 12-month earn-in Completed 2018 exploration Mine Steam Engine, Bottletree and period with Diatreme Resources program planning  Galah Dam Completed follow-up and infill AMT Survey  AMT success! Large anomaly identified Upcoming delivery Upcoming delivery Upcoming delivery Upcoming delivery     Additional AMT lines to better define Commence exploration focus Announce JORC resource at Refine Scoping Study anomalies in (HY1 2018) on Victor in 2018 Steam Engine (late Q3 2017)  Conduct exploration to identify   Drill AMT targets (2018) Stage 2 drilling program at faulted extension to high grade Steam Engine and Bottletree historic mining  Initial drilling at new prospects Wyandotte and Halls Reward 7

Strategic focus – Zinc, Copper, Gold Operational strategy designed to minimise capital required and maximise shareholder returns Key focus areas  Key assets provide:  Active ramp up of exploration ― Sector-leading exposure to Zinc programs ― Large porphyry potential Copper  Key asset exploration: Nicholson Exploration Project, Victor Project, Greenvale ― High grade Gold Focus on Zinc, Project and Tick Hill Project and  Zinc: supply deficit – developing bull Copper and  Potential to develop 4 transformative market development of projects:  Gold Copper: recent price increases and key assets favourable outlook ― 2 Tier 1 Zinc projects  Gold: dominantly bull market ― 1 Copper-Gold project ― 1 Gold project  Opportune time to consider new opportunities, based on assessment of Expansion in  Continue to maintain consistently low the current commodities cycle company overhead costs key commodity  Expansion and development in: Maintain strong  Current costs of A$0.4m per annum ― Zinc portfolio focus: estimated to be in the 1 st cost quartile cost controls  of peer group ASX-explorers Aims: new project ― Dominant quality Zinc exploration opportunities position ― Advanced stage exploration or pre- production assets 8

Tier 1 Zinc – Carpentaria Zinc Province One of the most endowed zinc-lead provinces in the world Overview Carpentaria Zinc Province  Superior Resources has constructed a Tier 1 Zinc exploration portfolio in the Carpentaria Zinc Province  Carpentaria Zinc Province contains 20% of the world’s zinc resource inventory  Mineralisation Style: Sediment-Hosted Massive Sulphide (SHMS) – similar to Mt Isa and McArthur River mines  Flagship 100%-held Victor and Nicholson Projects  Location: under-explored parts of the Province  ASX exposure to entry-level Tier 1 zinc exploration stocks are limited Australian resources of lead and zinc by region Source: Geoscience Australia 9