SUPERIOR RESOURCES LIMITED — AGM Information 2017

Nov 27, 2017

Superior Resources ASX: SPQ

Annual General Meeting November 2017

Zinc, Gold and Copper exploration portfolio Discover – Acquire – Develop

A compelling value proposition

Significant exposure – Tier 1 zinc exploration – High potential gold and copper exploration Carpentaria Zinc Province & Ancient Porphyry Belt (Lucky Creek Corridor)

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• Current share price does not reflect the value or significant exploration upside of SPQ’s zinc, gold and copper portfolio

• SPQ 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 flagship Tier 1 zinc project – Victor Project

• Planned FY 17-18 addition of “New Market” projects

• Potential near- to mid-term cash flow from the Steam Engine Gold Deposit and Tick Hill tailings reprocessing project

• Board and senior management have a proven track record of discovering, developing and funding projects and are well invested in the success of the company

2

A compelling value proposition

High potential, market-tuned asset portfolio

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• “Tier 1” company-making flagship Lead-Zinc projects ( NW Qld )

• Carpentaria Zinc Province – contains 20% of the world’s zinc resource inventory

• World-class targets

• including copper-cobalt potential

• High-Impact porphyry / VMS / vein gold projects ( Greenvale Project )

• Lucky Creek Corridor

• High return on exploration investment

• Cu-Au-Zn-Co-Ag

• Very little previous exploration

• Cobalt potential – 6 kms from SCONI Cobalt Project (Australian Mines)

• ? New Emerging Market Opportunities?

• Current asset portfolio

• Acquisitions

3

2017 Highlights

Progress and success on multiple levels

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• Significantly upgraded Greenvale Project (Porphyry / VMS / Shear-hosted gold):

• grant of new EPM

• total > 8 under-explored high potential prospects

• Initial drilling program (Greenvale Project):

• 4 new prospects drilled

• 3 prospects returned highly encouraging results

• New maiden gold mineral resource estimate (85,000 ounces gold)

• Nicholson Project (Mt Isa style – Lead-Zinc-Copper):

• Carpentaria Zinc Province – proven world class pedigree

• Completion of initial and in-fill AMT survey

• Identified high priority AMT anomaly

• Corporate-Commercial – commenced discussions with several parties:

• Nickel-Copper-Cobalt acquisition opportunities

• Significant funding proposals

 New project generation :

• Nickel-Copper-Cobalt & Conglomerate Gold

4

Corporate snapshot

An emerging ASX-listed base metals and gold explorer focused on high impact exploration targets in Northern Queensland

Financial information

Shareholder breakdown (%)

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Share price (27-Nov-2017) A$0.007
Number of shares (m shares) [1] 463.4
Market capitalisation A$3.24m
Cash + Cash Eq (27-Nov-2017) A$0.20m
Debt (27-Nov-2017) Nil
Enterprise value A$3.04m
Share price performance over last 12 months
Price and volume
16 0.011
14
12 0.009
10
8 0.008
6
4 0.006
2
0 0.005
Nov-16 Jan-17 Apr-17 Jun-17 Aug-17 Nov-17
Volume Share Price
Volume (m) Share price ($)
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12% Substantial shareholders
36% 13%
Senior leadership shareholding
Other top 20 shareholders
39%
Other shareholders
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Key partner

Teck Resources (TSX: TECK.B)

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• TSX-listed metals and mining company and Canada’s largest diversified resources company

• Excludes 37,375,000 unlisted options (exercise price: A$0.03; expiry: 30 June 2019)

5

Board and senior management

The Board and senior management team have deep exploration and technical expertise coupled with extensive corporate experience

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Carlos Alberto Fernicola

Non-Executive Chairman B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcctg, GDipAppFinInv, GDipAppCorpFin

• 30+ years of experience in accounting, taxation, audit and the financial services industry

• Appointed a Non-Executive Director in 2014

• Fellow of Institute of Chartered Accountants Australia and New Zealand, Fellow of the Governance Institute of Australia and Fellow of the Financial Services Institute of Australia

Peter Henry Hwang Managing Director B.Sc. (Hons), LLB, MGSA, MQLS

• 12 years of experience in mineral exploration, 18 years in mining and resources law

• Gold, base metals and diamond exploration geologist

• Solicitor specialising in mining, commercial, mining and infrastructure regulatory and native title law, previously with Freehills, Blake Dawson / Ashurst and Minter Ellison

• Former director of junior resources companies; A founding director of ActivEx Limited (ASX:AIV)

Kenneth James Harvey Non-Executive Director M.Sc., Dip. Ed., MAusIMM, MAIG, MSEG, MGSA

• 46+ years of experience in mineral exploration, project evaluation and management and resource estimation and evaluation and exploration management

• Previous long-standing member of the exploration and gold development divisions of MIM Holdings Limited

6

Exploration portfolio

Portfolio of Tier 1 and high impact exploration projects – including the flagship zinc, lead and copper exploration targets in North West Queensland

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1
2
1
3
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• 1  Victor project

Tier 1 – North West Queensland Zinc, Lead and Copper

• Nicholson project

• Ownership 100% (30%[1] )

• Ownership 100%

• Commodities: Zinc, Lead, Copper, Silver

• Commodities: Zinc, Lead, Copper, Silver

• Area: 1,135 km[2]

• Area: 332 km[2]

• Partner: Teck Australia

• Principal target: zinc-lead deposit similar to the Mt Isa Mine

• Identified high priority target in the first year of exploration

• potential zinc-lead-silver massive sulphide deposit

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2
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3 Tick Hill Gold Project

Greenvale Project

• Ownership: 100%

• Ownership: 0% (50%[2] )

• Commodities: Gold, Copper, Zinc

• Tenements: ML7094, ML7096, ML7097

• Area: 648 km[2]

• Partner: Diatreme Resources

• 2017 drilling identified:

  • Other: JV strategy to:

• large bulk tonnage or porphyry copper system (Bottletree)

• copper system (Bottletree) discover faulted offset of gold lode

• ― 85,000 ounces gold Maiden JORC ― exploit, if feasible, mine tailings and Mineral Resource (Steam Engine) alluvial-colluvial gold

• Under JVA, Superior granted Teck Australia the right to earn a 70% interest in the Nicholson Project (refer to slide 12 for further details)

• Superior has the right to earn 50% (refer to slide 24 for further details)

7

FY18 workplan

Exciting forward programs planned, targeting high impact zinc, copper and gold prospects

Q4 2017 Q1 2018 Q2 2018 Q3 2018 Nicholson project Drill high priority AMT anomalies Drill high priority EM Target – Nicholson West (subject to Teck approval) Victor project Plan and conduct Initial exploration program Greenvale project Follow-up drilling program Initial drilling program – cobalt potential – Wyandotte / Ninety Mile JORC resource expansion program – Steam Engine Gold Deposit IP geophysics program – Bottletree Prospect Tick Hill project Identify faulted extension to historic mining Further evaluation of tailings reprocessing options

NEW PROJECTS ???

8

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

• Completed 3D geological model  Secured new tenements  Secured Cu/Au/Zn tenement  Extended 12-month earn-in  Completed and interpreted initial EPM25264 and EPM25843 EPM 26165 “Cockie South” period with Diatreme Resources audio magneto-telluric (AMT)  Completed geophysical  Completed initial drilling at  Maiden resource estimate survey

• Completed geophysical remodelling and soil geochemical analysis

• Completed initial drilling at Steam Engine, Bottletree, Galah Dam and One Mile Dam

   - Completed metallurgical testing
  
   - Completed scoping study (CIL)  Completed initial gravity testing
  

• Similar stratigraphy to Century Zinc Mine

  • Completed maiden JORC

  • Completed follow-up and infill AMT Mineral Resource at Steam  Completed initial gravity testing Engine

  • AMT success! Significant anomaly Upcoming delivery Upcoming delivery Upcoming delivery Upcoming delivery

  • Drill AMT targets (Teck)  Commence exploration focus  Stage 2 drilling program at  Refine Scoping Study on Victor in 2018 Steam Engine and Bottletree  Conduct exploration to identify

  • Drill Nicholson West high priority  Initial drilling at new prospects faulted extension to high grade EM target (Q2 2018) Wyandotte and Halls Reward historic mining

  • (*subject to Teck approval)  Explore cobalt potential

• Completed follow-up and infill AMT Survey

• AMT success! Significant anomaly identified

• Drill AMT targets (Teck) (Q2 2018)

• Drill Nicholson West high priority EM target (Q2 2018)

• (*subject to Teck approval)

9

Strategic focus – Zinc, Copper, Gold

Operational strategy designed to minimise capital required and maximise shareholder returns

• Company-makers:

• Sector-leading exposure to Zinc

• Large porphyry potential Copper

• High grade Gold

• Zinc: supply deficit – developing bull market

• Copper: recent price increases and favourable outlook

• Gold: bull market

• Seek new opportunities

• Expansion and development in:

• Zinc portfolio

• New Cobalt-Copper projects

• New Gold projects

• Aims:

• Dominant quality Zinc exploration position

• Key focus areas  Exciting follow-up exploration programs

• Key asset exploration: Nicholson and Victor Projects and Greenvale Project

• Key commodity  Potential to develop 4 transformative focus: Discover & projects : ―

• Zinc, Copper, Develop ― 2 Tier 1 Zinc projects 1 porphyry potential Copper-Gold

• Gold project

• ― 1 shallow high-grade Gold project

• Cobalt potential at Greenvale and Victor

• Continue to maintain low overhead costs

• Expansion & Maintain strong  Current costs of A$0.4m per annum Acquisition cost controls estimated to be in the 1[st] cost quartile of peer group ASX-explorers

• Advanced stage exploration or preproduction assets

10

Tier 1 Zinc – Carpentaria Zinc Province

One of the most endowed zinc-lead provinces in the world

Overview

• Superior 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

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Source: Geoscience Australia
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Carpentaria Zinc Province

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11

1 Nicholson Project: overview

Exciting zinc-lead-silver project continues to be developed in conjunction with Teck Resources

Overview

• Located in the Carpentaria Zinc Province (90kms NNW of Century Zinc Mine and 5kms south of Walford Creek (Aeon Metals))

• Zinc-lead-silver SHMS deposit targets , similar to Mount Isa and McArthur River mines

• Teck Earn-in and JV Agreement

• AMT anomaly identified in first year of exploration

• Other prospects:

• › Nicholson West Prospect similar in size to the Century and HYC deposits

• › Walford South Prospect

• › Kingfisher East Prospect

Magnetics (RTP)

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Location and project tenements

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12

1 Nicholson Project: AMT geophysics

Teck is required to spend A$2m in 2018 to earn 70%

Overview

2017 AMT geophysical survey

• 1[st] Year exploration - Teck Australia (Earn-in and JVA) have identified:

• › Favourable geological and structural setting for SHMS deposits

• › AMT[1] conductivity anomaly located in same geological package that hosts Century Zinc Mine

• Infill and follow-up AMT[1] survey completed July 2017

• Teck next steps exploration work:

• › Drill AMT and other geophysical targets

• › Teck must spend a further A$2m by 31 December 2018 to earn 70%

Geological setting

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13

1 Nicholson Project: Nicholson West Prospect

Significant VTEM anomaly with direct evidence of base metal mineralisation

Nicholson West Prospect

• Located 30kms south west of Walford Creek (Aeon Metals))

• Intense VTEM anomaly similar to the deeper pyrite at Walford Creek Copper-Cobalt deposit

• Similar in size to the Century and HYC deposits

• Interpreted to be hosted in the Mt Les Siltstone

• No previous drilling

• Cobalt Qld’s (Traka Resources Limited JV) George Creek Project to the north contains outcropping Mount Les Siltstone containing lead mineralisation

• Nicholson West:

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Cobalt Qld
Walford Creek
Nicholson
West
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• › same Mount Les Siltstone, but thicker

• › More prospective location against potential growth faults along Nicholson River Fault

14

1 Nicholson Project: earn-in and JVA with Teck

Teck Australia’s ongoing commitment validates the potential upside of the Nicholson Project

Overview

Date entered		9 October 2015
Arrangement		Earn-in and Joint Venture Agreement
Counterparty		Teck Australia Pty Ltd(Teck Australia)
		Wholly-owned subsidiary of Teck Resources Limited (Teck Resources), Canada’s largest diversified resource company
Assets		Nicholson Project(zinc-lead-copper) – EPM15670 and EPM18203
Operator		Teck Australia (initial operator)
Key terms		Teck Australia – right to earn a70% interest by spending A$2.5m, as follows:
		› Minimum of A$0.25m to be spent on exploration or paid in cash to Superior by 30 September 2016; and
		› A$2.25m expenditure on or before 31 December 2018
		After earn-in – 70:30 joint venture (Teck Australia:Superior)
Dilution terms		Converted to 5% net profits royalty, capped at 2x its deemed contribution to expenditures, if participating interest falls below 10%
Updates		In Nov 2016, Teck Australia advised it has completed the initial A$0.25m expenditure and intends to proceed towards the earn-in option
		July 2017: Teck Australia has spent ~A$0.475m to date

15

SPQ: Please confirm expenditure on project to

date

1 Victor Project: overview

Victor Project is located c.180km NNW of the world class Mt Isa mine

Overview

• Victor Project is located in north-west Queensland

• › c. 180km NNW of Mount Isa

• › c. 60km south of Century Mine

• › c. 10km south of Grevillea prospect

• Leakage Concept: Exploration strategy based on the mechanism of geochemical “leakage” of key metals (lead, zinc and copper) from a deeper Proterozoic source into younger sediments

Geological concept

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Location of project and tenements

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16

SPQ: Please confirm expenditure on project to

date

s1 Victor Project: surface geochemistry

Victor Project has significant surface indications of zinc and lead

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Imaging of lead Imaging of zinc
Century Century
Victor project Victor project
c.180km
Mt Isa
Mt Isa
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17

2 Greenvale Project – geological setting Greenvale Project: geological setting

A portfolio of highly prospective targets within a similar geological setting to the world-class NSW porphyry mines (Cadia, Northparkes)

Overview

• Company focus in NE Qld is to explore one of the few windows of the prolific northern NSW porphyry belt at its Greenvale Project

• Greenvale Project is located within the likely northern-most extension of the remnant volcanic and intrusive rock sequences of Cambro-Ordovician age that are present in NSW:

• › This is a similar rock sequence to the world-class Cadia and Northparkes porphyry copper mines in NSW

Reconstruction of the Macquarie Arc across eastern Australia

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18

2 Greenvale Project – geological setting Greenvale Project: geological setting

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Greenvale Nickel
Cobalt Mine
SCONI
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19

2 Greenvale Project: overview

Greenvale Project includes 8 drill-ready, low cost exploration targets highly prospective for copper-gold-zinc VMS mineralisation and copper-gold porphyry deposits

Overview

• Greenvale project is located 210km WNW of Townsville

• The project covers a belt of volcano-sedimentary and intrusive rocks of Cambro-Ordovician age

• › Various mineralisation styles in the region including high-grade VMS copper-gold-zinc and porphyry copper-gold deposits

• Greenvale project is a collection of at least 8 highly prospective targets:

• › Steam Engine: ( drilled July 2017 ) shear-hosted high grade gold lodes

• › Bottletree: ( drilled July 2017 ) large scale mineralised copper system over several kms[2] . Porphyry copper target

• › Galah Dam: ( drilled July 2017 ) gold-zinc-copper VMS prospect

• › Cockie Creek: Significant porphyry copper target. Historic drilling returned broad, low-grade primary copper intersections (94m @ 0.53% Cu from 121m)

• › Wyandotte: Intrusive related and possibly porphyry copper mineralisation

• › Halls Reward: Cyprus style VMS target at an old copper mine which produced high-grade secondary copper

• › One Mile: (ML 6750) Covers an area of 128ha with strike length 800m. Recent drill holes intersected a disseminated to massive pyrite zone

Tenement map

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The targets are close enough to potentially justify the economics of a large, central processing plant

• › Riesling: 90km[2 ] area including gahnite quartzites and gossans with surface lead grades up to 24% lead over a 6km strike

20

2 Greenvale Project: Bottletree Prospect

Newly identified large-scale copper mineralised system – porphyry potential

Overview

• Bottletree Prospect is part of a large-scale zoned mineralised system developed over several square kilometres

• Recent drilling intersected wide zones of copper mineralisation

• › Hole SBTRC001

  • 154m @ 0.25% copper

• › Hole SBTRC002

  • 26m @ 0.44% copper , including 5m @1.05% copper

• › Hole SBTRC003

  • 56m @ 0.19% copper

• New drill results are encouraging for a large bulk tonnage copper-gold mineralised system

• The scale and concentric nature of the metal zoning suggests the deep mineralising source may be intrusivedriven

• Next Steps:

• › Follow-up program of drilling and geophysics during early 2018

Soil geochemistry (Copper)

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21

2 Greenvale Project: Steam Engine gold deposit

Gold prospect that comprises several high-grade gold-bearing lodes

Overview

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Interpreted geology
LEGEND
ERL ) 11400 mN Geology Gold Bearing Lode Local Grid Translation to MGA Z55:10000E, 10000N = 262773.07E, 7895414.27NLocal Grid North = 17.95 Degrees MGA 11400 mN
Feldspar Porphyry
Andesite
Metagranodiorite
Metadiorite
Metatonalite
Chert
11000 mN Metabasalt with Chert 11000 mN
Metabasalt
Metadacite
Steam Engine Lode (SEL) Metasediments
9350mE 9400mE
10600 mN 10600 mN
EPM25659
(SPQ)
Section 10350N
Section 10250N
10200 mN 10200 mN
LEGEND
Au (g/t) 0 to 0.2 EPM26165
0.2 to 0.5 (SPQ)
0.5 to 1.0
1.0 to 2.0
2.0 to 3.0
3.0 to 5.0
5.0 to 100
9800 mN 9800 mN
Superior Resources Limited
EPM 26165 "Cockie South"
Steam Engine Prospect
Drill Hole Section 10350N
0 metres 25 Gold Values (g/t)
9350mE 9400mE
9400 mN 9400 mN
Old Working
EPM25659 Sou th ern Zone
(SPQ) Lodes 9000 mN
Geology after 0 metres 200
Noranda Australia Limited Drill Hole
22
7,897,000N
7,896,500N
7,896,000N
7,895,500N
7,895,000N
7,894,500N
Gregory Developmental Road
0.03 <0.02 <0.02 <0.02 0.03 <0.02 <0.02 0.02 <0.02 <0.02 <0.02 <0.02 <0.02 <0.02 <0.020.280.030.031.115.36<0.014.20<0.014.370.104.36<0.012.70<0.010.070.021.520.010.600.080.170.031.462.355.480.043.305.570.098.184.571.606.220.631.225.361.034.000.603.810.546.0414.700.160.181.944.080.150.450.590.660.240.280.530.100.220.080.060.060.050.14<0.020.040.030.020.09<0.020.110.010.02<0.020.050.010.07<0.01
0.03
0.020.020.040.080.070.442.042.242.402.322.663.080.180.160.020.060.212.380.210.270.010.01<0.02
4.68
2.96
2.46
2.38
31m 30m
79m
42m
0.13
0.04
0.18
0.18
0.12
0.16
0.17
0.18
0.16
0.12
0.16
0.19
0.20
0.12
0.11
0.18
0.19
0.19
0.08
0.15
0.05 0.010.02
2.82
0.080.130.040.163.991.111.113.304.832.96
1.38
3.391.980.150.680.380.470.740.251.380.02
90m
0.030.020.02<0.010.010.020.020.01<0.01<0.01<0.01<0.01<0.01<0.01<0.01<0.01<0.01<0.01<0.01<0.01<0.010.030.061.020.080.080.030.050.744.332.891.612.193.670.370.360.020.040.050.031.330.131.470.350.420.040.110.100.130.040.030.040.020.020.030.030.060.030.020.040.020.03<0.010.010.030.020.010.020.010.020.020.030.030.020.030.030.020.020.030.030.040.04
1.02
2.94
1.331.47
0.020.02<0.0050.01<0.0050.010.01<0.0050.010.01
130m
0.010.010.010.010.010.320.050.040.070.07
Steam Engine Lode
3.94
263,500E
262,000E
263,000E
261,500E
262,500E
Steam Engine Lode
Eastern Ridge Lode
9000 mE 9400 mE 9800 mE 10200 mE
LSDD006
LSRC055 LSRC012 LSRC054 SERC004 LSRC053
550mRL 550mRL
500mRL 500mRL
9400 mE 9800 mE 10200 mE
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• 2 main gold-bearing lodes:

• › Steam Engine Lode ( SEL ) and Eastern Ridge Lode ( ERL )

• › Plus – Southern Zone Lodes

• 2017 Maiden JORC Mineral Resource Estimate (MRE):

• › 1,000,000t @ 2.5g/t gold (1.0g/t cut-off)

• › 85,000 ounces gold

• MRE based only on 400m of total 2.5km lode strike length

• Drilling July 2018:

• › Steam Engine Lode (SSERC006): - 2m @ 1.90 g/t Au from 66m; and

  • 4m @ 2.34 g/t Au from 90m;

• › Eastern Ridge Lode (SSERC001): - 3m @ 3.09 g/t Au from 45m;

• › Eastern Ridge Lode (SSERC002): - 1m @ 5.28 g/t Au from 33m;

• › Eastern Ridge Lode (SSERC003): - 4m @ 2.47 g/t Au from 36m; and

  • 2m @ 4.73 g/t Au from 54m;

• Gold mineralisation open at depth and along strike

• Next steps:

• › Extend the Mineral Resource at SEL and ERL

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2
Greenvale Project: Steam Engine gold deposit
LEGEND
11400 mN Geology Local Grid Translation to MGA Z55: 11400 mN
10000E, 10000N = 262773.07E, 7895414.27N
Gold Bearing Lode Local Grid North = 17.95 Degrees MGA
Feldspar Porphyry
Andesite
Metagranodiorite
Metadiorite
Overview MetatonaliteChert Interpreted geology
 2 main gold-bearing lodes: 11000 mN Metabasalt with Chert 11000 mN
Metabasalt
› Steam Engine Lode ( SEL ) and Eastern Ridge Lode ( ERL ) Metadacite
› Plus – Southern Zone Lodes Metasediments
 2017 Maiden JORC Mineral Resource Estimate (MRE):
›
1,000,000t @ 2.5g/t gold (1.0g/t cut-off)
10600 mN 10600 mN
› 85,000 ounces gold
 MRE based only on 400m of total 2.5km lode strike length EPM25659(SPQ)
 Drilling July 2018:
Section 10350N
›
Steam Engine Lode (SSERC006):
Section 10250N
- 2m @ 1.90 g/t Au from 66m; and 10200 mN 10200 mN
-
4m @ 2.34 g/t Au from 90m;
› Eastern Ridge Lode (SSERC001): EPM26165
(SPQ)
-
3m @ 3.09 g/t Au from 45m;
›
Eastern Ridge Lode (SSERC002):
9800 mN 9800 mN
-
1m @ 5.28 g/t Au from 33m;
›
Eastern Ridge Lode (SSERC003):
-
4m @ 2.47 g/t Au from 36m; and
-
2m @ 4.73 g/t Au from 54m;
 Gold mineralisation open at depth and along strike 9400 mN 9400 mN
 Next steps:
› Extend the Mineral Resource at SEL and ERL Old Working
EPM25659 Sou th ern Zone
(SPQ) Lodes 9000 mN
Geology after 0 metres 200 23
Noranda Australia Limited Drill Hole
7,897,000N
7,896,500N
7,896,000N
7,895,500N
7,895,000N
7,894,500N
Gregory Developmental Road
263,500E
262,000E
263,000E
261,500E
262,500E
Steam Engine Lode
Eastern Ridge Lode
9000 mE 9400 mE 9800 mE 10200 mE
9400 mE 9800 mE 10200 mE
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2 Greenvale Project: Galah Dam prospect

Large alteration system containing zinc, gold and copper mineralisation

Overview

• Similar to the alteration zone at the Balcooma / Surveyor volcanogenic massive sulphide (VMS) 20km away

• Historic drilling confirmed presence of zinc, gold and copper mineralisation within the alteration system

• 4 high order chargeability anomalies that have not been drill-tested

• Drilling July 2017:

• › Confirmed enhanced potential for major porphyry and massive sulphide mineralisation

• › Large advanced argillic zone alteration, surface dimensions: 4km long x 100m-500m wide x depths exceeding 200m

• › Copper-zinc-gold-silver ore zones potentially adjacent to alteration zone

• Next Steps:

• › Down-hole geophysics

• › Phase 2 drilling

Similar to Balcooma / Surveyor

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2
Greenvale Project: Porphyry Model
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Large alteration system containing zinc, gold and copper mineralisation

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Modelled chargeability
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2 Greenvale Project: Cockie Creek prospect

Potential for significant porphyry copper deposit Current JORC Mineral Resource Estimate: 13Mt @ 0.42 copper[1] (JORC 2004)

Cockie Creek Modelled Chargeability

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1. ASX announcement 27 March 2013 (based on JORC 2004)

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2 Greenvale Project: Wyandotte Prospect

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	Hole	From (m)	To (m)	Length (m)	Cu (%)	Thickness (m)
	1	21.34	50.29	28.95	1.22	26.21
	3	3.05	30.78	27.73	0.61	21.43
	4	51.82	66.29	14.47	3.04	11.18
	5 6	19.56 34.27	30.18 48.16	10.62 13.89	4.05 0.44	8.79 11.5		Copper intersections at
	7	81.08	92.05	10.97	0.89	9.08		0.2% cutoff
	8	22.68	40.84	18.16	2.87	15.68
	10	95.1	109.73	14.63	1.64	12.47
	11	24.38	41.45	17.07	1.09	16.04
	12	43.89	46.54	2.65	2.33	2.19
	13	37.19	39.62	2.43	0.31	2.1
	23	1.52	6.1	4.58	0.33	3.75
	24	18.29	34.29	16	1.65	13.11
	Average Width			14.0
	Hole	From (m)	To (m)	Length (m)	Cu (%)	Thickness (m)
	1	33.99	40.84	6.85	3.53	6.2
	3	15.24	19.51	4.27	1.74	3.3
	4	54.1	66.29	12.19	3.51	9.42
	5	24.99	30.18	5.19	7.84	4.3		Copper
	6	39.01	40.23	1.22	1.38	1.01		intersections at
	7	81.69	87.17	5.48	1.51	4.54		1.0% cutoff
	8	27.43	40.84	13.41	3.61	11.58
	10	99.97	109.12	9.15	2.32	7.8
	11	28.04	39.62	11.58	1.34	10.88
	12	45.11	46.54	1.43	3.80	1.18
	24	20.57	34.29	13.72	1.87	11.24
	Average Width			6.5

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Important information

Information Purposes: This presentation is for information purposes only. The information contained in this presentation does not constitute an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in Superior Resources Limited ( Superior ) in any jurisdiction. The information in this presentation is provided in summary form, has not been independently verified, and should not be considered to be comprehensive or complete.

Not Financial Product Advice: This presentation does not constitute financial product or investment advice. It has been prepared without taking into account the objectives, financial circumstances or needs of recipients and cannot be relied upon as advice to recipients. Before making an investment decision, investors or prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction.

Forward Looking Statements: This presentation may contain forward looking statements. Forward looking statements are often, but not always, identified by the use of words such as “seek”, “indicate”, “target”, “anticipate”, “forecast”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Indications of, and interpretations on, future expected exploration results or technical outcomes, production, earnings, financial position and performance are also forward looking statements. The forward looking statements in this presentation are based on current interpretations, expectations, estimates, assumptions, forecasts and projections about Superior, Superior’s projects and assets and the industry in which it operates as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made. The forward looking statements are subject to technical, business, economic, competitive, political and social uncertainties and contingencies and may involve known and unknown risks and uncertainties. The forward looking statements may prove to be incorrect. Many known and unknown factors could cause actual events or results to differ materially from the estimated or anticipated events or results expressed or implied by any forward looking statements. All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements.

Disclaimer: Superior and its related bodies corporate, any of their directors, officers, employees, agents or contractors do not make any representation or warranty (either express or implied) as to the accuracy, correctness, completeness, adequacy, reliability or likelihood of fulfilment of any forward looking statement, or any events or results expressed or implied in any forward looking statement, except to the extent required by law. Superior and its related bodies corporate and each of their respective directors, officers, employees, agents and contractors disclaims, to the maximum extent permitted by law, all liability and responsibility for any direct or indirect loss or damage which may be suffered by any person (including because of fault or negligence or otherwise) through use or reliance on anything contained in or omitted from this presentation. Other than as required by law and the ASX Listing Rules, Superior disclaims any duty to update forward looking statements to reflect new developments.

Exploration Results and JORC: The information in this document that relates to exploration results and mineral resource estimates are based on information that have previously been disclosed to the ASX Market Announcements Platform. Investors and any person viewing this document should refer to the market announcements made by Superior (ASX:SPQ), which can be viewed at: http://www.asx.com.au/asx/statistics/announcements.do.

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