SUPERIOR RESOURCES LIMITED — Capital/Financing Update 2017

Jul 5, 2017

GREENVALE PROJECT UPDATE DRILLING TO COMMENCE AT FOUR PROSPECTS

• Drilling expected to commence within one week
• 1,000m RC drilling program on four highly compelling prospects at the Greenvale Project:
  • o Galah Dam zinc, gold, silver, copper
  • o Bottletree copper, gold
  • o Steam Engine gold
  • o One Mile Dam copper, gold, zinc
• Encouraging rock chip sample assay results:
  • o Galah Dam 7.35g/t gold, 25.6g/t silver
  • o Bottletree 2.61% copper
  • o Steam Engine 4.64g/t gold
• Drilling contractor secured, access and site preparation completed
• Aboriginal cultural heritage regulatory requirements completed

Superior Resources Limited (ASX Code: SPQ) (Superior or Company) is pleased to advise that drilling is expected to commence within one week on the Company's initial 1,000 metre drilling campaign on four prospects at the Greenvale Project in north east Queensland.

The prospects are located within an area of notable economic significance. The Balcooma, Surveyor and Dry River deposits (gold-copper-zinc-lead-silver) are located about 30km to the north and north west, the Kidston Gold Mine about 70km to the west and the abandoned Greenvale Nickel mine about 15km to the east (Figure 1).

Two of the prospects (Galah Dam (Zn-Au-Ag-Cu) and Steam Engine (Au)) are new prospects for the Company, resulting from the recent grant of Exploration Permit for Minerals (EPM) 26165 on 30 January 2017 (refer ASX announcement, 31 January 2017, "Quarterly Activities Report"). The Bottletree Prospect (Cu-Au) lies within EPM25659 and One Mile Dam, within EPM18987. One Mile Dam is a substantial EM, IP and VTEM geophysical anomaly adjacent to a previously identified extensive sulphide mineralisation system at the One Mile Prospect.

Managing Director, Mr Peter Hwang commented,

"The initial field observations and rock chip sample results are very encouraging and confirm the prospectivity and potential for discovery of high grade or extensive copper and gold deposits within the prospects that will be drilled in the upcoming drilling program. We are also excited about the large extent of copper mineralisation observed in the field at Bottletree and as a result, we consider that its prospectivity has been significantly elevated.

The addition of the new prospects greatly enhances the potential to establish a central processing operation sourcing ore from several satellite pits. We are looking forward to commencing the drilling program next week and the potential to realise some exciting deposits in this underexplored region."

The following summarises the planned drilling on the four prospects:

Prospect	Mineralisation	Exploration History	HistoricalDrilling	SPQ proposed drilling
Galah Dam	Zinc-GoldSilver-CopperPotential VMS	Zn, Au, Cu discovered at the"nose" of a large fold system byHomestake Australia Ltd in 1991.Subsequent drilling by othersextendedthedepthofmineralisation.	Restricted tofold "nose"where there is aweakchargeabilitygeophysicalanomaly.No drilling of thehigh-orderchargeabilityanomalies,which aretargeted bySuperior.	1 RC drill hole into ahigh-orderchargeability anomalysupported by amoderate-orderconductivity anomalyadjacent to previousdrilling.Not previously drilled.
Steam Engine	GoldMineralisedparallelshearzonesSteamEngineLodeEasternRidgeLodeCentral Lode	Discovered by Noranda Australiain1983.Extensivedrillingestablished a mineral resource onthemainlode(non-JORCcompliant).	Near surface –generally up to120m verticaldepth.One hole drilledto 220m verticaldepthconfirmingpresence of thegold lode.	2 RC drill holes intoSteam Engine Lodenorthern extension to:- confirm extension ofthe lode to the north;and- establish a maidenJORC 2012 compliantMineral Resource.4 RC holes intoEastern Ridge Lode toconfirm width andgrade of the lode.
Bottletree	Copper-GoldPotentialporphyrycopperLarge 1.5km x1km high-ordersoil Cu anomaly	PancontinentalMiningLimitedconducted 15 shallow RC holesover the general prospect area,pre-2001.Drilling indicated up to 0.3%copper and true width of up to60m.Gradient array IP geophysicalsurvey by Pancontinental.	Limited shallowRC drill holesover soilgeochemical andgeophysicalanomalies.Large IPanomalyremains open atdepth and alongstrike.No systematicfollow-up.	3 RC drill holes.Deeper RC drillingacross coincidenthigh-order soilgeochemical andgeophysicalanomalies.
One Mile Dam	Copper-GoldZincSubstantialbedrock EM, IPandVTEMgeophysicalanomalyAssociated withextensivemassivesulphidemineralisationat nearby OneMile prospect	MIM Exploration conducted EMand IP geophysical surveys, pre2001.BeaconMineralsLimitedconducted a VTEM survey, June2007.	Nil	1 RC drill hole to targetsubstantial bedrockEM, IP and VTEManomaly at 200mdown-hole depth.1 RC drill hole to targetshallower intense EMand IP anomaly.

Figure 1. Location of the Greenvale Project tenements and prospects and also showing locations of notable mines in the area.

Field reconnaissance

The Company has been particularly encouraged from its initial field reconnaissance of the prospects. In particular, the field inspections confirmed widespread and significant areas of surface copper mineralisation at the Bottletree prospect (Figures 2 and 3) and several gossanous outcrops in the vicinity of the Galah Dam prospect.

A total of 12 rock chip reconnaissance samples were taken from various outcrops that were potentially mineralised to establish the presence of metals and any associated elements.

At Galah Dam, a rock chip sample from a gossan outcrop (Figure 4) returned anomalously high assays for gold and silver (7.35g/t Au, 25.6g/t Ag) (Table 1). The gossan outcrop has not previously been reported from historic exploration in the area. The Company plans to conduct further investigations on the anomalous gossan during the upcoming drilling program. Until that has been done, insufficient information is available to comment on the significance of the sample result.

At the Bottletree prospect, areas of surface copper minerals including malachite and chyrsocolla, with distinct vegetation anomalies (including Eriachne Mucronata [copper grass] and Polycarpaea [copper weed]), were found to be coincident with high order gradient-array chargeability anomalies. Two rock chip samples from these areas returned assays of up to 2.61% Cu and 0.3g/t Au (Table 1).

A rock chip sample was taken from an old mine dump on the Eastern Ridge Lode at the Steam Engine Prospect, in the vicinity of Superior's proposed drill holes. This sample was taken to confirm that the gold present was hosted by muscovite-quartz-carbonate-pyrite schist. It returned 4.64g/t Au and 1.6g/t Ag.

Figure 2. A zone of surface copper at the Bottletree prospect expressed as a strong vegetation anomaly (bare grey ground) in the foreground and background of the photograph.

Sample	EastMGA	NorthMGA	Description	Au(g/t)	Ag(g/t)	Cu(%)	Pb(ppm)	Zn(ppm)	Co(ppm)	Al(%)	Mn(ppm)
3008257	263406	7890130	BottletreeFelsic Intrusive	0.30	2.0	2.61	21	209	83	3.41	459
3008258	263396	7890128	BottletreeFelsic Intrusive	0.17	0.7	1.48	<2	131	51	1.90	394
3008268	274361	7911772	Galah DamGossan	7.35	25.6	241(ppm)	138	271	12	0.48	776
3008262	262712	7895295	Steam EngineMuscovite carbonateschist from old mineworkings pit	4.64	1.6	218(ppm)	80	84	13	0.42	1880

Table 1: Assay results (selected elements) of surface rock chip samples from the Bottletree, Galah Dam and Steam Engine prospects.

Figure 3. Copper staining (malachite and chrysocolla) at the Bottletree prospect within suboutcrop on the left side of the foreground in Figure 2.

Figure 4. Jarositic gossanous outcrop in the vicinity of the Galah Dam prospect. A rock chip sample taken from this outcrop returned an assay result of 7.35g/t Au and 25.6g/t Ag.

Preparations for drill program

Drill site and access track preparations have now been completed at each of the four prospect areas. Aboriginal cultural heritage clearance and compliance with cultural heritage regulatory notification procedures were completed during the months of May and June 2017.

A drilling contractor has been secured with rig mobilisation expected to commence during the course of this week.

ABOUT THE PROSPECTS

The prospects described above comprise part of Superior's greater Greenvale Project, which covers a belt of basic to intermediate volcanic and intrusive rocks that are of Ordovician age, similar in type and age to the porphyry copper belt in New South Wales. The equivalent belt of rocks in New South Wales is host to the large Cadia and North Parkes porphyry copper mines. The prospective belt of rocks at Greenvale are probably the remnant northern extension of the New South Wales belt, which are considered to have originally extended the length of the east coast of Australia (Figure 5).

Figure 5. Greenvale Project tenements superimposed on a radiometric image, showing the possible northern extension of the central NSW Ordovician porphyry copper belt as the dark area in the centre of the image.

Galah Dam Prospect (zinc, gold, silver, copper)

• Galah Dam is considered very prospective for the presence of volcanogenic massive sulphide (VMS) zinc, gold and copper deposits.
• The prospect is a large alteration zone similar to the alteration zone at the Balcooma and Surveyor VMS deposits located 20km away.
• Superior's 3D IP modelling identified four high order chargeability anomalies that have not previously been drill-tested (Figures 6 and 7).
• Previous drilling at the Old Galah Dam Prospect confirmed the presence of zinc, gold and copper mineralisation within the alteration system.
• A recent rock chip sample taken from the prospect area by Superior returned 7.35g/t Au and 25.6g/t Ag.

Refer to previous ASX Announcement dated 14 February 2017.

Figure 6. Google Earth image of Galah Dam prospect showing Superior's modelled chargeability anomalies, Superior's proposed drill hole, location of the anomalous rock chip sample with gold and silver values and the Old Galah Dam Prospect which has previously been drilled.

Figure 7. Galah Dam – Cross-section (96750N) through the alteration zone north of the Old Galah Dam Prospect showing contours of the modelled chargeability and conductivity. The high-order chargeability anomaly (Anomaly 1) lies under the eastern limb of the fold in the alteration zone and under a topographic high. It is proposed that this anomaly be drilled in the up-coming drilling program.

Bottletree Prospect (copper, gold)

• The Bottletree prospect is possibly a large porphyry-style copper-gold deposit, similar in style to the NSW Cadia and North Parkes deposits.
• The prospect is a large (1.5km x 1km) soil copper anomaly located about 10km south of the One Mile Prospect with the Steam Engine Gold Prospect located centrally between those two prospects.
• Several high-order soil copper anomalies occur within the 1.5km x 1km area (Figure 8).
• Limited shallow historical RC drilling has previously been completed into the higher-order anomalies and no systematic follow-up work has been conducted.
• Recent rock chip samples taken from a high-order chargeability anomaly and in the vicinity of Superior's proposed drill holes returned up to 2.61% Cu and 0.3 g/t Au.
• Refer to previous ASX Announcement dated 2 November 2016.

Figure 8. Bottletree Prospect – Gradient array chargeability (Tau) image and soil copper geochemistry,

Steam Engine Prospect (gold)

• Several high grade gold mineralised shear zones Steam Engine Lode, Eastern Ridge Lode and Southern Zone Lodes (Figure 9).
• Over 2 kilometres of gold-bearing shear zones, old workings and soil geochemical anomalies.
• Historical drilling generally restricted to the near surface zone down to about 120m vertical depth. Detailed drilling conducted only on the Steam Engine Lode.
• Steam Engine Lode At least 56 of the approximately 75 historic holes returned intersections with average grades above 1.5 g/t gold.
• Currently proposed drilling program to:
  • o expand the known resource at the Steam Engine Lode, along strike to the north and at depth;
  • o target the area around the better intersections at the Eastern Ridge Lode along strike and at depth; and
  • o confirm the grade of mineralisation at both lodes as results from early drilling in 1985 by Noranda Australia Limited indicate significantly and consistently lower gold grades when compared to more recent drilling by Beacon Minerals in 2007.
• Refer to ASX Announcement dated 2 November 2016.

One Mile Dam (copper-gold-zinc)

• A large and intense high-order VTEM bedrock sourced anomaly adjacent to extensive copper-gold-zinc bearing massive sulphide mineralisation at Superior's One Mile prospect (Figure 10).
• Strike length of approximately 1 kilometre.
• Two drill holes planned in up-coming drilling program.
• Refer to ASX Announcement dated 2 November 2016.

Figure 9. Steam Engine Gold Deposit – Interpreted geology showing the gold-bearing lodes (in red), historic drill holes, soil geochemistry and rock chip sample location. Proposed drill hole locations are also indicated.

Figure 10. One Mile Dam Prospect. Late channel VTEM image showing bedrock anomaly in the One Mile Dam target area to the north west of the One Mile Prospect. Proposed drill holes are shown, although not all holes will be drilled during the upcoming drilling program.

Peter Hwang Managing Director

Further Information: www.superiorresources.com.au

Contact: Mr Peter Hwang (07 3839 5099) Mr Carlos Fernicola (07 3831 3922)

manager@superiorresources.com.au

Forward looking statements: This document 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

The information in this report, insofar as it relates to rock-chip sample results and interpretation of historical exploration data is based on information compiled by Mr Ken Harvey, who is a non-executive Director of Superior Resources Limited 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 has undertaken to qualify as a Competent Person as defined in the 2012 Edition of 'The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Harvey consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Appendix 1: JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteiar	JORCCodelantionexpa	Cotammenry
Salingmphniqtecues	Nandlityf slin(hals,dohipificturute aquaoampge.g. ccnneranmcs,orspecialisdinddardlsriaheinelstrystnttootetotspeceusanmeasuremeappropmrader inigionh adoholendr hdheldXRFstatunve, sucswngammasoes, oan).insThlesholdbekelimitinghebrdtruntstc.ttatme, eese exampsunon asoaingf slinmeanoampg.Includeferkeleivid thetotan tttyreencemeasureso ensuresamprepresenanrialibionf alsd.teratt tosteappropcaonymeasuremenoorsymsuseAsf thedemiionf minelisaionhaMaial tohePblictstertttt atertpeconaorareuReortpInhe'inddard' wk hbedohisldbetrysttcases wreusanorasennewou(lativelyimle'reirclationdrillind tbtain1 mrespe.gversecugwas useo olesfrowhich 3kglverisd tduhaforfire30sampmwaspueo proceagcrge').Inhelanionbeired,h aheotatassar casesmoreexpmayreqsucs wreyuheisldhahainhlinblemUnltttntrecoarse goseresampgpros.usuaditiesinelision(bminedules)attyntcommoormrapese.g. suarnomaywarradisclosf diledinforionetatureoma	RokChipSalescmpReisak chiplestakef outcd sboutcfconnance rocsampweren orops anurops ootentiallyinelized rkstotablishindicativeetal gdetinthepmraocesmras presenksSalesiablylted ad whed.trocmpwerevarareneareRok chiplesALSMinelsinToille,Quland.nttocsampwereserawnsveensSaleshed ad plveised tdu30glesforlyisfmpwerecrusnuro procesampanasold ad0.5glesforlti-elemt alyis.Gold slesgonsampmennasampereuwffobjted tlead cllectionirellowdbyiadigtioniortosuecooassayeaquaregesprlyis.Multi-elemlesbjd tlti-aiddigioniort stettoanasenampweresueco mucesprICP-AESfinish.HistoicDrillingrThisortliesdatantainedinortbmitted to theQulandrepreoncoreps sueensff tCoDeartntNaturlRedMineartheReortpmeoasourcesans as pompanypSyhinghefExlorionPeitssteatttott oatmacgranprmThelinghniqhed,d sdadinduheteorttanstrsampcues,wrerepeuseryapproacs.Theinclude1.littingff alef mateialdelived to thetof these:sposamporrepoholeduingRCdrillingtoduleforiedbyrproceasampassayaccompanlogicallogingf thele.2.Halvingfdrill cfrodiamddrillinggeogosampooremonduleiedbylogicallogingf thetoproceanassaysampaccompangeogocore.Asingf slesletdbyiallabohodsharatetttsayoampwascompecommercorymiatheimhelesllecd.Whilstitist tte ttetwereappropre asampwereconoibletodeterinetheliabilityfhistical altsisspossmreoorssayresu, noues arosef tduingilationdintretationheltsthat wld st that thercompanerporesuouuggesltst reble.assayresuwerenoasona
Drillinghniqtecues	Drill(irclation-holehair blastytart,pee.g. core, reversecu, openmmer,royaBkaic,)ddeils(diamiplenddetctaetetrstaauger,ang, sonane.g. corer,orarbedeh of diamd tilsfaclinbit ohewhheistuttr tyetponae-sampgr ope,r core,,).iend andif sbyhahod,tet metetcoro,w	HisticalReCirclation(RC)dDiamdDrilling(DD)helydrilltorverseuanonareontylied ointhisortpesrenrep
illDrlesamprecovery	Mehod of rerdingd aingd chipleiesdtcoanssesscoreansamprecoveranltsd.resuassesseMes tken timiseled etativeasureao maxsamprecoveryannsurerepresenf thelesturnae osampWhhelationhipistbeled gdedettwr aresexseen samprecoveryanraan	forCReiesRdrillholest reded.coverwerenocorforforReiesdiamddrill clest ullydedholescoveronoresampwerenosuarecordrilled.Nolationhipisidebeled gdenttwreseveen samprecoveryanra

Criteiar	JORCCodelantionexpa	Cotammenry
	whhelebiashadduferial lo/ginfete ttr sampmayveoccurreo preenssaofin/corial.ateearse m
Loinggg	Whethed chipleshabelogicallyd gtechnicallyr coreansampveengeoaneologd tlel of dil triaMil Rimionetaorttetatgeo aveo suppappropneraesourcees,minindiesd mlluical sdiesstuetatuganrgWhher loingislitaiveitaiveinCo(ettntttursteggquaorquanae.reorcoan,hal, e)hohytc.togcnneprapThl leh andf thelevintionlogd.e totattagttngpercene oreanersecsge	Gelogicallogingf mf thedrillholesisilableinheCoRet otortogoosavampanypSyNohnicalloghabed aditisd thahestetecortt tm.geosveenrepenassumesetdoDiamddrillholelogllyincludestturldata.werenoneons usuasomerucaThelogingisllyf alitativeturNohiphotoghyisggeneraoquanae.coreorcprapilableintheortavareps.For thelogilablelogingf all mateialhabeletd.s avagorsencompe
Sub-lingsampiqtechnuesd sleanampionatprepar	If chehed whehehalf oll cketuttrtetaore, wr corsawnanr quar,r aoren.If nheher riffled,beled,lit,d whehetturottc.ton-core,wsamparyspeanrled wdryetsamporf tFoll sletytheturlityd ariatenheler aamppesnae,quaanppropess osamp,ionhniqttepreparacueQulityl pdudodforll sb-slinimisentrtestatoacooroceresapauampggesmaxivif slesttyrepresenoampMekehahelinisivef theinitus tn ttt ttatasureao ensuresampgrepresenosial clled,includingforinltsforfielddulic/send-halfterctestaatemaonce respcoulinsampg.Whheleizeriaheinizef therial bingettetotater sampss areappropgrasomeled.samp	Asortd aboitisortd thatdiamddrill chabehalved aisrepeverepeonoresens,forstadad pticet elornrracmosxpersf tforfCDetailsheh tkelingRdrillholesotilable.oapproacansampoare nava
Qulityfaodataassaydlabotoranraytests	Thlityd ariaf theingdlaboatutenrate nre,quaanppropess oassayanorydud andhehehehniqisided pial ol.tr tteartr totaproceresusewcueconsreFohyical tols,handheldXRF ihetrotertruntstc.tr geopsospecmes,nsme, e,dindemininhelyisincludinginkedtertertstrt mparames useganasumenaandel, rdingimlibionfaclied andheir divaiontrattortttc.moeaes, cass apper, eNaf qlityl pdudod(dardsblanksturntrtetane ouacooroceresape.g. s,,)dulical laboheksd wheheblelevlsftesxteratttap, ernaoryccanr accepeo(i.e. lak of bias)d pisionhabeblished.taaccuracycanrecveenes	RokChipSalescmpALSlaboratlityntrl pduutilise-lineintl certifiedoryquacooroceresonernaferateial astdadsreencemrs assayanrHisicdrillingtorAsd aboingf slesletdbyialortrepeve, assayoampwascompecommerclaboratethodsthat wiatt thetime thelesorymereappropre asampwerellected.coAsdatabmitted with theortincludedulicateingItissaysurepssomepassayknindetail what qlityntrl pdudoted.unownuacoorocereswereap
ificaionfVetrolingdsampaningassay	ficf sficThiionigniintionbyither indedeatttnte veroanersecsepenorltetivel.arnacompanypersonneThf twinndholese useoeDoionf primdadadudarificiondantatta,tatrytaattacumeoaryenproceresve,,(hyical andlecnic)ls.stotrorotragepsepocoDisdjdatmt tota.cussanausenassayy	NoinndholeshabedrilledbySuiorhisimtwattteveenpere.Itisidehaf thehisticaldrillholedad odnttt mt otaturevosorwas capen paperand oTheilationf thadaindigitalforhabestottaren papercompomsenletdbytheetentith plottingf thedataboth plandcompecomppersonwoons anctionindigitalforsesm.Nodjtmtshabedetohistical sledatatheausenveenmaorampassayasrewasfornth adjtmts.noapparereasonsucusen

Criteiar	JORCCodelantionexpa	Cotammenry
Loionftcaodainttapos	Acd qlityf sd tlocdrillholes(llanddoatecuracyanuaourveys useocor awnhole),hemikinndher loiondinMiltrettsurvesncs,neorgs aocas useneraywReimionstatsource eSpificionf theridd.atsteecogsymuseQulityd adef tohicl.ntraanquacyopograpcoo	RokChipSalescmpRentk chipleshabelocatedbyGPS.cerocsampveenTheliesithinUTMZo55,GDA94datumareanewHistoicExlortionrpa(Histiclorationdataincludingdrillingil gheistd ghyicsorexp, soeocmryaneopshabed uinglocl gidsThisdahabed tUTMturtaertsencapesarsenconveoZo55MGAdinatesingid tlationdelopdforh of theidnecoorusgrranssveeeacgrareasTheliesithinUTMZo55,GDA94datumareanew
Daingtaspacdandistibuiontr	Daingforingf ElorionRltstaortatspacrepoxpesuWhhehedaingddistribionisfficienblish thedeetr ttautt totaspacansuesgreef glogical anddeinuityriaforheMinel RdnttetoeogracoappropraesourceanOr()ficReimiondud clasiionlied.tatateserveesproceresanss appWhetheleitinghabelied.r sampcompossenapp	Dataingisiable.spacvar
Orienionftatodaintalationtorelogicalgeostrturuce	f sf pWhether theientationlinhienbiasd slinibleoroampgacves ueampgoossd thehich thisiskniderinhedeit tstrturtent totucesanexwown,consgposype.If thelationhipbehedrillinieniond theienionf ktwn ttattatreseegoranoroeymilisd sisided thaindud alinbiashistructutrotneraeresconsreovecesampg,holdbed anddif mrial.ortatesuassesserepe	Noknhislytt tstaown aearge.
Salempitysecur	Thkeleritytan te measureso ensuresampsecu	RokChipSalescmpThek chiplesbmitted tALSMinelsbyTeSehPtyrocsamperesuorarraarcwLtd.Thehainf ctodyftelebmissiondbyALScousar sampsuasmanagewMinels.raHistoicExlortionrpafroNolesntlyilablethehistical slingdertakesampare appareavamorampunn.
itsAudoriewresv	f af sThltsditsiewlintechniqnddata.e resuonyauorrevs oampgues a	Noditsiewf thelinghniqddahabetetaauorrevs osampcues anveendekehisimrtat ttunn ae.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteiar	JORCCodelantionexpa	Cotammenry
Minelratent andemenland tenurestatus	Tyfer/nbelociond ohipinludingatntspe,reencenameumr,anwnerscagreemeorial isith third piesh ajinthipidingterartntuartmasueswsucsoveres, pnerss,overrltiesiveitleinthisical sitewildeionl pk andattststortroya, neres,rnessornaaar,virl singntaettenonmes.Thityf theheldheimf reinglonwith aknteatttorte securonuree opagnyownimdimbtainilicinhetstototetpeenongaenceoperaarea	Theortd oliesithintedExlorationPeitsforMinelsarearepengranprmraw18987,25659,25691 ad26165 which a100%heldbySuiorRenrepersourcesLimitedSuiorhaletd thef notifications tlandholded nativepers compeprocess oorsantitleartiestollowtothed.paaccessgroun
Exlorationpdobyhetneoriestpar	Acknledgd aisal of elorionbyheiesntattartowmeanppraxpor p	f tAll ohehistical elorationltsortdinthisorthabeortdorxpresureperepveenrepedeheCoReSylyingdExlorionPeitsr tortstetoteatonunmpanypmappgranprmforMinelsbyheQulandDefNalRedMinetartntturraeenspmeoasourcesansHoilationindigitalfordintretationf theltsf that wkwever compmanerporesuoorindigitalforhabeletdbytheCoetentPemsencompemprson.
Gelogoy	Deit tlogical singd slef minelisionetttyatposype,geoanora	f tSOrIntretd tberthetenionheNWdoicianhyerpeoanornexsovporprycopperforbelt with potentialhydeitslcaicivelphideporprycopperpos, vonogenmasssudeitsd shehodlodelddeitssteposanargopos
DrillholeInforiontma	Af all iforionrial tohededingf theloriontatetrstatsummaryonmamunanoexpltsincludingbulationf thefollowininforionforll Mrial drilltatateresuaogmaaholes:ingd nhinf thedrillholellastorteaangocoro()f tlevationRLRedudLelhedrillholellaeorceveocorodipd azimh of theholeutanodoholelenh andiniondehtterttwngceppoholelenh.tgoIf thelusionf thisinforionisjified ohebaishaheinforionisttn ttt ttexcomaussmafrof tMaial andhislusiondodehededinghettertttracttrstnoexcesnomunanoheCoPeholdlearlylainwhhisisheorttetentttrepmprson sucexpycase,	DrillholeltshabediniouASXdeiledinheortorttatresuveenrepeprevsreps asortrep
Dataionataggreghodstme	IningElorionRltsightinginghniqximortatterepxpesu, weaveragcues,maumd/orinideion(ingf high gde)d cfftrtuttut-anmmumgrauncase.g. corasanodellyMaial andholdbed.terstategras areusuasuWhinincholenhsf high gdeltsdatetertsterttereaggregceporporasgoraresuanf loforlonlenhsdeltshedudh aionttatgergow graresuprocereusesucggreg,f sholdbestated andtyical elesh aationholdbesusomepxampoucggregs suhoindeil.taswnThiondforingf ml eivalenlueholdbetortetat ve assumps useanrepoqas syuulearlyd.statec	Exlorationltsortd alenth wighted af all thepresuarerepes ageverage oassaysf theholeholeinttionoersecs.wNotottinghabelied as thelimited nbefhighedepcusenappreareaumr or-gras thatinfluee thelculatdinttiondeassaynccaeersecgras.Noetal eivalent vlueortd.mquas arerepe
Relationhipsbetweeninelisaiontmraidthsdanwintterceplenthsg	Thlationhipicularlyiminheingf Elorionartortttortatese ress areppanrepoxpReltssuIf thef theinelisionith rhedrillholeleiskntryatt totgeomeomrawespecangown,itsturholdbeortd.nae surepeIf itisknndlyhedoholelenhsd,heholdbetttorttnoown aonwngare reperesualeahisffec('doholelenh,idth nknn').tatt tottttruotcr semenee.gwnge wow	Not relevt.an

Criteiar	JORCCodelantionexpa	Cotammenry
Diagrams	Apriandion(with sles)d tbulationf inholdtecttertspropmaps asescaanas ocepsubeinludedforignificdiscbeingdThholdincludetortcansanoveryrepeese syu,bubelimited tlanvif drillholellar loionndriat nottteo apewococas aappropctionl viewseas.	Included.
Balandceingtrepor	f aWhheiveortingll ElorationRltsist pticable,erecomprensrepoxpesunoraciveingf bh ldhigh gdend/oridthsholdbetatortotrepresenrepoowanras awsuiced tidmileadingingf ElorionRltstortatpraco avosrepoxpesu	Onlyissk chiplesith sigificadehabentreconnaancerocsampwngrasveend.Theininglesdoinigificadeortt ctantreperemasampnoonsngras.
Otherbstantivesuionloratexpdata	Otheloriondaif mninful andrial, sholdbedincludingatta,ateortr expeagmrepeu(bulimited t):logical obsionhyical sltst notatogeoervs;geopsurveyresu;f trhemil sltsbulklesized mhod oettmt;geoccaurveyresu;sampsaneaen–lluical teltsbulkdeityndhnical andktasttertecmergresu;ns, grouwa, georochaisticsial dletiouinaingbsterotenttamttancrac; peers or consuces.	Theetenthaidebleienintheddiscdcomppersons consraexperceareaanoveretheBalcodeitinthelat1970somapose
Fuhekrtr wor	Thd slef plandfurhek(forlal eionatut. teststerxtee nreancaoner wore.ganss ordeh eionr laledrillin).txtestetpnss orge-scap-ougDialearlyhihlihtinghef pibleionincludinghettentgrams cggareas oossexss,inlogical inionndfutdrillinvidd thisinforionterretattmageops auregareas, proemaist ciallyitivenoommercsens	Prdfurthekincludedrillingdfurtheinvtigationf alouoposer worsanress onomasheical ad ghyical reltsgeocmneopssu