presentation april 2009...lane et. al., 2000, an example of 3d conductivity mapping using the...

PresentationApril 2009

Ken HarveyManaging Director

Nicholson River

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.

Limitations

• Chairman Lawrie Litzow• Managing Director Ken Harvey• Non-Executive Director David Horton

• Incorporated February 2005• Floated on ASX November 2007• Copper, Lead-Zinc-Silver, Diamonds (Uranium, Phosphate)

• 77 Million Shares (9.5M Escrowed)• 9.6 Million Options (9.0M Escrowed)• 15 Exploration Permits (13 Granted)• ~$5.7M Cash & Liquid Assets (7.4c per share)• Last Trade 7.0c per share (~$5.4M Market Cap)

Company

Search for Large Deposits in Northwest Queensland(Mount Isa Style Copper & Lead-Zinc-Silver and Diamonds

Conceptual Approach using Modern Technology(Geophysics & Computer Modelling followed by Drilling)

The Best Two Prospects

Walford South Prospect350km north-north-west of Mount Isa

Elizabeth Diamond Prospect150km south of Mount Isa

Targets & Best Projects

Walford South Prospect

Mount Isa


Walford Creek ProspectInferred Resources – 6.5 Mt @ 0.6% Cu, 1.6% Pb, 2.1% Zn, 25g/t Ag, 0.07% Co(Copper Strike – Quarterly Report – March 2006)

4km south of the ‘Mount Isa type’Walford Creek Prospect

(Copper Strike)

350km north-north-west of Mount Isa

Airborne Electromagnetics

Walford Creek Prospect

Walford South Prospect Tempest EM System

3D ViewInterpreted Conductivities

Lane et. al., 2000, An example of 3D conductivity mapping using the Tempest airborne electromagnetic system


InterpretedConductivity100m Depth

-Tempest AEM

(Fugro)

Plan View

Not heldby SPQ



-Tempest AEM

(Fugro)

Plan View

Not heldby SPQ


CompiledBouguerGravity

-ESSOWMC

ComalcoGA

-ProposedDrill Hole

600m

Plan View

Not heldby SPQ


Geology-

SectionLine

-ProposedDrill Hole

600m

Plan View

Not heldby SPQ

Walford South Summary

The Walford South Prospect contains a large modelled conductivity anomaly and a large coincident gravity anomaly in an area where Mount Isa type mineralisation exists.

It is a high-priority target which will be drilled once access is possible after the

wet season.

Elizabeth Diamond Prospect

Mount Isa

Elizabeth Prospect

150km south of Mount Isa

A prominent circular feature with a coincident ‘carrot shaped’modelled density anomaly

Northwest Queensland and the Northern Territory are prospective

for diamonds

NT & QLD Diamonds

Source: NT and QLD Governmentdiamond databases Diamond distribution in NT and QLD

Merlin Diamond

Australia’s Biggest Diamond104.73 carats

Merlin, NT

This diamond is not the property ofSuperior Resources Limited

Diamonds

KIMBERLITEPIPE

150 km

Moho ~40 km

LITH

OSPH

ERE

ASTH

ENOS

PHER

E

MAN

TLE

CRUS

T

GRAP

HITE

STAB

LEDI

AMON

D ST

ABLE

Diamonds are the stable form of carbon under the very high pressures that exist below about 150km depth within the earth. Diamonds are transported to the earth’s surface by deep seated volcanic activity originating below the level where the diamonds are stable. The diamonds must be brought rapidly to the surface so that they don’t revert to graphite. Only two types of volcanics are known to bring diamonds to the surface in economic quantities – kimberlite and lamproite. These are unusual rocks which contain ‘indicator minerals’ some of which become distributed in stream gravels.A search for diamonds usually involves a search for kimberlite or lamproite using the indicator minerals and/or geophysics to locate the volcanic pipes or dykes. These pipes or dykes are then drilled to establish their diamond content. Only a small fraction of kimberlite and lamproitebodies contain economic quantities of diamond.

Diamond Model

Diamonds

Model of idealised kimberlitemagmatic system illustrating the relationship of crater, diatreme and hyperbyssal facies rocks (Modified after Mitchell 1986).

Note the ‘carrot shaped’ diatremelying beneath the volcanic crater.

This is the crater – diatreme (diamond pipe) model being used by Superior Resources during exploration for diamonds at the Elizabeth Diamond Prospect.

Diamond Pipe Model

~2km


335,

000

mE

334,

000

mE

333,

000

mE

332,

000

mE

332,

000

mE

333,

000

mE

7,568,000 mN

334,

000

mE

335,

000

mE

7,569,000 mN

7,570,000 mN7,570,000 mN

7,569,000 mN

7,568,000 mN

N

500metres0

Contains material (c) GeoEye

ElizabethProspect

-Ikonos

Imagery-

CircularFeature

(ProbableCrater)

Plan ViewCrater Sediments

Air photograph of crater

Photo of crater centre


ElizabethProspect

-BouguerGravity

-CircularGravity

Low-

PossibleDiamond

Pipe

Plan View

335,

000

mE

334,

000

mE

333,

000

mE

332,

000

mE

332,

000

mE

333,

000

mE

7,568,000 mN

334,

000

mE

335,

000

mE

7,569,000 mN

7,570,000 mN7,570,000 mN

7,569,000 mN

7,568,000 mN

N

500metres0

Bouguer Gravity

Contours at 0.25 milligals

Alternative Explanations:Meteorite Impact FeatureDeep Weathering Trough

Section7,569,200N

Sectional View


ElizabethProspect

-Section

7,569,200N-

ModelledDensity

-‘Carrot Shaped’

Density Low-

PossibleDiamond

Pipe

The Elizabeth Diamond Prospect contains a ‘carrot shaped’ modelled density

anomaly lying beneath a prominent surface circular feature which is a probable crater

in an area which is prospective for diamonds. It is a high-priority target which

will be drilled in April/May 2009.


1. Drilling of the highly-prospective Elizabeth Diamond Prospect (and adjacent Copper, Lead and Zinc prospect) commencing April/May 2009.

2. Drilling of the highly-prospective Walford South Prospect for Copper, Lead and Zinc later in 2009.

3. Continuing exploration of other areas to identify large targets.The focus on large high-grade targets is essential for success.

4. Budget of $1.0 to $1.5 million with the capability to scale up if warranted based on results.

5. Two Queensland Government (CDI) grants to support drilling.$50,000 for the Elizabeth Diamond Prospect.$150,000 for the Walford South Prospect.

2009 Exploration Program

1. A base metal prospect with major potential – ready for drilling. One of the best prospects in Queensland and probably Australia.

2. A diamond prospect containing a possible large diamond pipe -ready for drilling. A second diamond target if this is successful.

3. Other prospects which are progressively being evaluated.4. Currently trading at 7c per share which is essentially cash and

liquid assets value – no value for prospects. 5. Little downside at the current price and very considerable

upside to the price.6. Company well-managed and in excellent shape to deliver in

these difficult times.7. Competent explorers with a proven track record of discovery.8. Cash for another 3 years exploration at the current expenditure

rate.

Superior Resources Limited

JORC Statement

The information in this presentation that relates to explorationresults 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.

presentation april 2009...lane et. al., 2000, an example of 3d conductivity mapping using the...

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