Investor Presentation

Greenvale copper and nickel provinces

QEC Investment Showcase Brisbane

Peter Hwang - Managing Director 14 July 2022

ASX:SPQ

Cautionary statement

Information Purposes: This document is for information purposes only. The information contained in this document 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 document 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 document 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 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 document 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 document. 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 reporting of exploration results and mineral resource estimates in this document reflects the information that was originally reported in market announcements that have been referenced in the body of this document. Superior confirms that it is not aware of any new information or data that materially affects the information included in the relevant original market announcement. 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.

Introduction

Share Price1

Issued Shares

Market Cap

Corporate snapshot

1. As at 8 July 2022

$0.04

1,701m

$68m

Carlos Alberto Fernicola

Cash

Debt

Top 20 Holdings

$4.1M

$nil

36%

Non-Executive Chairman

B.Com, FCA, F Fin, FCIS, FCSA, GradDipAdvAcctg, GDippAppFinInv, GDipAppCorpFin

90

Share price performance

0.08

Carlos has 30+ years of experience in accounting, taxation, audit and the financial

80

services industry. He is a Fellow of Institute of Chartered Accountants ANZ, Fellow

(m)Volume

70

0.06

($)priceShare

Peter Henry Hwang

0.03

of the Governance Institute of Australia and Fellow of the FSIA.

60

50

0.04

40

Managing Director

30

20

B.Sc. (Hons), LLB, MAIG, MGSA, MQLS

10

Peter has 12+ years experience as a gold, base metals and diamond geologist and

0

0.01

Jul-21

Aug-21Sep-21

Sep-21

Oct-21

Nov-21

Dec-21

Jan-22

Feb-22

Mar-22

Apr-22

May-22

Jun-22

Jul-22

21 years experience as a lawyer at Freehills, Ashurst and Minter Ellison,

specialising in mining, commercial, M&A, mining infrastructure, regulatory and

Management

native title law.

5%

9%

Yarraandoo Pty

Simon James Pooley

Ltd

Non-Executive Director

64%

Others

Top 20

MAusIMM, GAICD

Simon was formerly Chief Operating Officer for Novo Resources Corp., General

22%

Other Top 20

Manager Operations for Millennium Minerals Limited and General Manager

Exploration and Business Development for CopperCo Limited.

Growth through discovery - multiple tier 1-potential exploration projects

Project portfolio - 100% SPQ

Leveraging the green transition - Cu, Ni, Zn, Co, U, REEs

Feasibility Study

Resource definition /

Significant mineralisation

Advanced exploration

QLD

Exploration

Greenvale Project

Operational snapshot

Targeting Cu, Ni, Zn discovery and defining copper and gold resources in Queensland

Porphyry Cu-Au-Mo

Ni-Cu-PGE

Au

Bottletree

Cockie Creek

Wyandotte

Dido, Big Mag

Steam Engine

632m @ 0.21% Cu1

13Mt @ 0.42% Cu

2

Near surface Exploration

Phantom Creek

2.72Mt @ 2.0 g/t Au

incl 224m @ 0.40% Cu

Target3:

Voisey's Bay style

(54,600t Cu)

0.4Mt @ 2.2% Cu (8,800t Cu) -

(171,000 ounces Au)4

incl 103m @ 0.53% Cu

1.0Mt @ 1.9% Cu (19,000t Cu)

Ni-Cu-PGE

Very large scale Cu system emerging:

Large IP chargeability

High grade copper deposit

Voisey's Bay style

Feasibility Study in progress

Large drilling program underway

anomaly beneath Cu

related to interpreted Cu-

Ni-Cu-PGE:

Toll treatment discussions

Resource:

Au porphyry:

Proven Voisey's Bay-

Targeting interpreted mineralised

Scoping Study (Base Case)5:

Porphyry Cu-Au-Mo

Mineral Resource Estimate

style Ni-Cu-PGE deposit

porphyry core

system

to be established

systems

$24.2M cash flow (post tax @

1.5km x 1km Cu soil anomaly over

Upcoming maiden JORC

No exploration since 1975

Fertile troctolite

A$2,200/oz; $41M @ A$2,500)

porphyry target

(2012) Mineral Resource

intrusions identified by

Several large Cu 'leakage' mineralised

Only 70,000oz mined

Estimate

Anglo but not followed

zones surrounding interpreted core

up or inadequately

$5.1M CAPEX (pre-production

followed up

and closure)

1: Refer ASX announcement, 2 June 2022

4: JORC Measured, Indicated and Inferred; Refer ASX announcement, 11 April 2022

2: JORC (2004) Inferred; Refer ASX announcement, 27 March 2013

5: Refer ASX announcement, 27 April 2021

3: Refer ASX announcement, 15 June 2021

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Disclaimer

Superior Resources Limited published this content on 14 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2022 05:53:02 UTC.