SUPERIOR RESOURCES LIMITED — Investor Presentation 2012

Oct 29, 2012

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Superior Resources Limited

Presentation November 2012 Mining 2012

Limitations & JORC

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 is based on information compiled by Mr Ken Harvey, a full-time employee 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.

Company Summary

Board

Principal Aims

David Horton – Chairman Peter Hwang – Non-Executive Director Ken Harvey – Managing Director

Discovery of:

• Mount Isa style copper deposits

• VMS copper-gold deposits

• Tick Hill gold deposits

ASX

Shares On Issue

Price

Market Cap

Funds

Listed on ASX in November 2007

81.7 Million Shares (listed) No options Top 20 hold 60% of Shares

6.0c

$5M

$1.1M Cash and Liquid Assets

Tick Hill Project

Tick Hill Project Exploration for High-Grade Gold Joint Venture

Tick Hill Project

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High-grade gold sample from previous mining
of 700,000t @ 22.6 g/t gold by MIM
Laminated albite-scapolite-quartz rock (Galahstone)
Gold
Gold
15cm
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One Mile Project

One Mile Project Exploration for Copper-Gold-Zinc-Silver VMS Deposit

One Mile Project

Location

• 210km WNW Townsville, 16km SSE Balcooma

• Granted and wholly owned Mining Lease

• Surrounding EPMA

(not yet granted)

• Good location (bitumen road, Greenvale township, processing capacity in area) • One Mile VMS & Cockie Creek porphyry Cu prospects

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One Mile Project

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Summary

• Outcropping VMS gossan

• Large sulphide (pyrite) body

• Near-economic Cu-Au-Zn-Ag intersections

• Limited drilling coverage

• Searching for a thickened area of the sulphide body with better copper and gold grades

• Open at depth to north and south

• Promising basic to intermediate volcanic host sequence

• Untested geophysical anomalies in surrounding area

• Cockie Creek porphyry copper prospect: 5km northeast of One Mile intersections to 90m @ 0.5% Cu

One Mile Project – Gossan

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One Mile Project – Main Lode

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1950N 1850N

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In Progress

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Gossans and Drill Holes on Magnetics

• Gossan/Lode extends over 800m strike length

• Improvement in width and grade of the massive and semi-massive sulphides to the south down the plunge of the sulphide body

• Best intersection from drilling in hole SPOM023 with 21.3m @ 0.31% Cu, 0.43g/t Au, 0.92% Zn including:

3.3m @ 0.54% Cu, 0.63g/t Au, 2.16% Zn, 8.3g/t Ag

(1.59% Cu equivalent) and 5.2m @ 0.51% Cu, 0.64g/t Au, 1.77% Zn, 7.3g/t Ag (1.46% Cu equivalent)

• Gold (g/t) to copper (%) ratio greater than 1:1

• Enclosing pyritic alteration zone thickens and intensifies to the southwest

*Copper equivalent value in % = copper grade in % + 0.681 X gold grade in g/t + 0.242 X zinc grade in % + 0.011 X silver grade in g/t Copper equivalent based on prices of $7177/t Cu, $1520/oz Au, $1738/t Zn, $26/oz Ag All intersections widths are downhole widths

One Mile Project – Main Lode

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Cross Section 1950N (2011)

• Gossanous lode outcrop

• Hole SPOM013 - narrow pyritic alteration zone enclosing a thin massive / semimassive sulphide lode (0.47% Cu eq.)*

• Hole SPOM004 - narrow pyritic alteration zone enclosing a wider massive / semimassive sulphide lode (1.35% Cu eq.)*

• Gave encouragement to drill cross section 1850N - 100m south (next slide)

*Copper equivalent value in % = copper grade in % + 0.681 X gold grade in g/t + 0.242 X zinc grade in % + 0.011 X silver grade in g/t Copper equivalents based on prices of $7177/t Cu, $1520/oz Au, $1738/t Zn, $26/oz Ag All intersections widths are downhole widths

One Mile Project – Main Lode

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Cross Section 1850N (2012)

• Gossanous lode outcrop

• Hole SPOM016 - narrow pyritic alteration zone enclosing a thin massive / semimassive sulphide lode (0.83% Cu eq.)*

• Hole SPOM023 - wide pyritic alteration zone enclosing a wide massive / semi-massive sulphide zone (1.5% Cu eq.)*

• Thickening of both pyritic alteration zone and sulphide zone at depth with increasing copper, gold, zinc and silver grades

• Prospect of a mineralised zone in the vicinity of hole SPOM023 - along strike (north or south) or at depth

• Gold (g/t Au) to copper (%) ratio > 1:1

• *Copper equivalent value in % = copper grade in % + 0.681 X gold grade in g/t + 0.242 X zinc grade in % + 0.011 X silver grade in g/t

Copper equivalents based on prices of $7177/t Cu, $1520/oz Au, $1738/t Zn, $26/oz Ag) All intersections widths are downhole widths

One Mile Project – Main Lode

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All intersections widths are downhole widths
LONG SECTION
1850N 1950N
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One Mile Project – Main Lode

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Drill Hole SPOM012

• Massive and semi-massive sulphides (pyrite with chalcopyrite and sphalerite)

• Coarse grained due to amphibolite metamorphic grade

• Alteration – muscovite (after sericite), biotite, phlogopite sillimanite and silica

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One Mile Project – Main Lode

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One Mile Project – Main Lode

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One Mile Project – New Areas

IP Survey – Chargeability (N = 2)

• Shallow anomaly over gossan and underlying massive sulphide

IP Survey – Chargeability (N = 4)

• Deeper anomaly over the Atkinson zone to the west of the gossan – undrilled

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Dam
Atkinson
Main Anomaly
Anomaly
SHALLOW DEEPER
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One Mile Project – New Areas

EPMA18987

EPMA18987

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EPMA18987
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One Mile Project – New Areas

Surface Conductor

Dam VTEM Anomaly

North Weak VTEM Anomaly

Atkinson VTEM Anomaly

VTEM Early Channel (Surface Conductors)

VTEM Late Channel (Bedrock Conductors)

One Mile Project – New Areas

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Conductivity Sections
• Derived from VTEM data
EPMA18987 EPMA18987
• Atkinson anomaly is a prime drilling area
• Coincident with IP anomaly
• Depth – 150m
• Expected to be steeply dipping
EPMA18987 EPMA18987
Chargeability Sections
EPMA18987 EPMA18987
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One Mile Project – New Areas

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North Gossan

• Large gossan outcrop after massive sulphides protruding from laterite – not drilled

North Gossan

• Close-up photograph of gossan outcrop

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EPMA18987

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ML6750
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Magnetics

Cockie Creek Copper Prospect

	Easting	Northing		From	To	Length	Cu	Au		Mo
Hole	MGA Z55	MGA Z55		(m)	(m)	(m)	(%)	(g/t)		(ppm)
CRC002	267380	7904295		0	68	68	0.74	0.12		92
CRC009	267356	7904243		66	163	97	0.48	0.07		114
CRC010	267353	7904283		11	85	74	0.42	0.08		78
CRC011	267320	7904295		1	80	79	0.45	0.06		76
CRC014	267019	7904155		15	56	41	0.50	0.10		48
CRC017	267378	7904226		121	215	94	0.53	0.08		99
CRC023	267037	7904120		53	141	88	0.43	0.06		49
CRC026	266995	7904137		11	84	73	0.44	0.05		22
D1	267448	7904183		180	216	36	0.57	0.10		28
D3	267075	7904227		56	104	48	0.48	0.10		94
P11	267403	7904244		50	108	58	0.64	0.07		-
P12	267339	7904345		50	100	50	0.44	0.07		-
P16	267370	7904307		0	40	40	0.75	0.13		-
				Drill Hole Intersections
	Cockie Creek			Porphyry Copper			Prospect
		Located		5km northeast		of One Mile

One Mile Project - Potential

Main Zone

Improving widths and copper-gold-zinc-silver grades. Open at depth to the south and north

Other Areas (in EPMA18987)

Cockie Creek Porphyry Copper Prospect

Atkinson - coincident IP and VTEM anomalies – undrilled North - large gossan outcrop protruding from laterite – undrilled Dam - coincident strong IP and weak VTEM anomalies - undrilled. 5km from One Mile - Drill hole intersections to 90m @ 0.5% Cu.

Superior has a strong position in an area with excellent potential for a significant discovery