SUPERIOR RESOURCES LIMITED — AGM Information 2013

Nov 21, 2013

Superior Resources Limited

AGM Presentation22 November 2013

Board & Management

• 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
  • – 42 years in mineral exploration, project evaluation, resource estimation and exploration management
• Carlos Fernicola - Company Secretary
  • Over 30 years in accounting, taxation audit financial services industry, Chartered Company Secretary

Corporate Summary

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Company Highlights

• ¾5 "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 & management
  • commercial and technical expertise
• ¾Supportive major shareholders

Projects

Outcomes 2013

• 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
  • identified several high order drill targets
• ¾ Wills Creek Rare Earth prospect
  • Farmin/JV with DiamondEx Limited

Corporate considerations

Board recognises current market drivers

• ¾ Market gloom – evolved market
  • retail sector depressed
  • actively identify non-conventional funding sources
  • private equity / external markets

¾Market profile

develop relationships with preferred brokers and nonconventional markets

¾Company progression

• identify and secure new opportunities
• efficiently evaluate and maximise value in current projects

¾Focused and dedicated Board

• maximise ability to secure new opportunities
• most effectively develop key projects

Corporate Strategy

¾Current projects

• expedite the development of current key projects
• re-evaluate current exploration strategies
• focus on expenditure efficiency
• secure JV partners

¾Funding

• fine balance between preservation of capital & company progression
• develop support from preferred brokers
• pursue non-conventional funding sources
• increase market profile

¾New opportunities

• actively identify and secure quality opportunities
• develop strategic partnerships

Market depression - period of opportunity

Summary

• 9High 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
• 9Low corporate overheads
• 9Cost effective exploration
• 9Potential to add significant value
• 9Positioned well to leverage from any recovery in resources sector

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 information, internally developed data and other sources. Where an opinion is expressed in this presentation, it is based on the assumptions and limitations mentioned herein and is an expression of present opinion only. No warranties or representations can be made as to origin, validity, accuracy, completeness, currency or reliability of the information. The Company disclaims and excludes all liability (to the extent permitted by law) for losses, claims, damages, demands, costs and expenses of whatever nature arising in any way out of or in connection with the information, its accuracy, completeness or by reason of reliance by any person on any of it. Where the Company expresses or implies an expectation or belief as to the success of future exploration and the economic viability of future project evaluations, such expectation or belief is expressed in good faith and is believed to have a reasonable basis. However, such expected outcomes are subject to risks, uncertainties and other factors which could cause actual results to differ materially from expected future results. Such risks include, but are not limited to, exploration success, metal price volatility, changes to current mineral resource estimates or targets, changes to assumptions for capital and operating costs as well as political and operational risks and governmental regulation outcomes. The Company does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forecast or to update such forecast.

The information in this presentation that relates to exploration results and mineral resources is based on information compiled by Mr Ken Harvey, a full-time employee and shareholder of the Company, who is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Harvey has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Harvey consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.