MAY 2014 CORPORATE PRESENTATION

Transcription

1 MAY 2014 CORPORATE PRESENTATION Experienced management focused on highly prospective mineral environments

2 CAUTIONARY NOTE This presentation contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forwardlooking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forward-looking information should circumstances or management s estimates or opinions change. NOTE: Larger version of maps shown in this presentation can be viewed on the Company web site.

3 INVESTMENT HIGHLIGHTS 1 Canadian-based gold exploration company with a drill ready project in Western Australia and an executed sale agreement on the Mangalisa gold-uranium project in South Africa. Executed sale agreement with Castlehill Trading CC, a private energy investment company based in Johannesburg, for the purchase of Superior s ownership in Mangalisa. Entered into a heads of agreement to earn a 51% interest in the Redcastle gold property in the Leonora-Laverton district of Western Australia in the highly prospective Yilgarn Craton region. Redcastle includes 13 prospecting licenses covering 24 km 2 close to major mining operations such as the Minara Nickel Operation, some 15 km to the north, and Barricks Granny Smith gold mine some 50 km to the east. Completed soil gold geochemistry sampling and assaying over Redcastle property, in December 2012 with infill sampling in anomalous areas completed in February Completed first phase drilling on northern part of Redcastle property through transported overburden with anomalous gold assayed, generating targets for Phase 2 drilling to depth. Completed second phase drilling to test bedrock interface, targeting the gold anomalies generated from the soil and drilling program completed in December 2012 and February 2013, respectively. Highly experienced management team and directors.

4 2 MANAGEMENT AND DIRECTORS Brent Butler, President & CEO, Director A geologist with over 30 years of international industry experience in exploration, resource modeling and mining developments, both open pit and underground. Worked for Kinross Gold Corp. for 8 years in Australia, Canada, USA, Brazil, Chile and Africa. Serves on several Boards of Directors in Canada and Australia. Cyrus Driver, CFO & Director Chartered Accountant and partner of Davidson & Company, Chartered Accountants. Director and CFO of several TSX Venture companies. Extensive financial management experience with public and high-growth companies. David M. Stone, Director Mining engineer with over 28 years of consulting experience in the metal mining industry with expertise in mining rock mechanics in both open pit and underground operations worldwide. Director of several TSX Venture companies. Kjeld Thygesen, Director 33 years of experience in the mining investment business. Member of Ivanhoe Mines board and managing director of Lion Resource Management. Formerly held various positions with NM Rothschild & Sons and was international mining research analyst at James Capel.

5 3 MANAGEMENT AND ADVISORS Michael O Connor, Manager South Africa Exploration Director of Superior Mining Corp S.A. (Pty) Ltd. since Managing director of Middelvlei Gold Investments, a gold investment company. Phil Snowden, Senior Technical Advisor Co-founder and former managing director of Snowden Mining Industry Consultants. Formerly Group Structural Geologist, Anglo American. Consulting geologist for global mining industry with a particularly keen appreciation for the South African mining industry.

6 4 CORPORATE STRATEGY Focus on advancing the Redcastle property in West Australia to define a mineral resource. Completed interpretive geology mapping on Redcastle property. Completed two soil geochemistry sampling exploration programs for gold on the Redcastle property during December 2012, with infill sampling completed in February Completed first phase of shallow drilling on the northern part of the Redcastle property during February 2013, with anomalous gold values intercepted. Completed about 1,400 m of Phase 2 drilling on the Redcastle property targeting up to 50 m depth; awaiting assay results. SUI will continue evaluating new opportunities for Company growth. Return value to shareholders through exploration advancement.

7 5 Redcastle Joint-Venture Property Located approximately 300 km by road from Kalgoorlie, in the Leonora-Laverton district in the highly prospective Yilgarn Craton region of Western Australia. 13 granted prospecting licenses covering 24 km 2 over the goldmineralized greenstone belt in the Eastern goldfields of the Yilgarn Craton. The property was previously held by a now-deceased prospector for over 20 years, who made a living from the alluvial gold on the property. No in-ground, hard-rock exploration has been carried out. Close to major mining operations such as the Minara Nickel Operation, some 15 km to the north, and Barricks Granny Smith gold mine located about 50 km to the east.

8 6 Redcastle Property Joint-Venture Earn-in The property is owned by Reinhold Resources Pty Ltd., a private company based in Kalgoorlie. Redcastle Property comprises 13 granted prospecting licenses covering 24 km 2. Heads of agreement signed on May 4, 2012 with Reinhold Resources for Superior Mining to earn-in a 51% interest in the Redcastle Project. Under the terms of the agreement, Superior must commit to exploration expenditures of AUD$200,000 on the project within 24 months from the date of execution. Two drilling programs already completed. SUI on track to earn 51% during 2014, once sale proceeds of Mangalisa have been received.

9 Prolific Gold District 7 The Redcastle property is located in the Yilgarn Craton region, which is host to many multi-million ounce gold deposits. 30% of the world s known gold reserves are located in the Yilgarn Craton area. The property lies within the Murrin-Margaret area, which is a terrane of low strain greenstones and granitoids bounded by the Keith-Kilkenny lineament to the west and the Laverton Tectonic Zone to the east. Gold mineralization in the region is mostly associated with weathered sulphide-bearing quartz veins discontinuously developed in distinct shear or fault zones. No systematic exploration has been undertaken by previous operators, presenting SUI with a unique opportunity to carry out virgin exploration in a strategic location.

10 Soil Gold Geochemistry 8 Geological mapping and preliminary interpretation over the Redcastle already completed. Soil sampling completed with numerous soil gold anomalies to drill targets samples obtained on 200 m by 200 m grid pattern and 25 m by 25 m grid pattern. The most significant result received is 102 ppb gold supported by 11 ppb some 280 m to southeast. These two values straddle a NW-trending porphyry dyke up to 100 m wide and 500 m long. Porphyries are well known in the area to contain gold mineralization. Completed follow-up infill soils geochemistry sampling over area of highly anomalous (102 ppb) gold anomaly over porphyry from the with sample RP399 assaying 208 ppb. Shallow Phase 1 drilling completed in February 2013 in the northern part of the property, with anomalous gold values intercepted.

11 9 Redcastle Phase 1 Drilling Gold Geochemistry Shallow Phase 1 drilling completed in the northern area of Redcastle through a layer of transported overburden masking the area to bedrock intersected anomalous gold values on the western portion of the drilled area. Significant Phase 1 Drilling Values Hole East North Sampno From To Au Au-Rp1 m m m m ppb ppb RPR ,200 6,802,000 RP RPR ,600 6,802,000 RP RPR ,000 6,802,000 RP RPR ,200 6,801,600 RP RPR042 RP RPR042 RP RPR042 RP Gold values assayed in parts per billion (ppb)

12 10 Economic Potential of Redcastle The Redcastle project lies in a much sought-after area, where many gold and nickel discoveries have been made. Considerable gold remobilization has occurred with depletion of gold from the laterite surface to a depth of approximately 8 to 15 m. Supergene enrichment has occurred, resulting in development of nuggets and rich supergene gold that has been previously mined in the area. Much of the area s early mining selectively targeted material containing these supergene-enriched quartz veins, which were mined from between approximately 10 to 20 m below the Tertiary laterite surface, or down to 11 m below the present surface. Thus, there is potential on the Redcastle property to discover shallow oxide mineralisation that can be easily mined by open cut methods due to the rare situation in which the ground has only been worked for alluvial gold deposits. Adequate unencumbered surface exists on the property to be developed for a gold mine. The project lies 62 km east-southeast of Leonora and 15 km due south of the Minara Nickel Operation. Access is from the Leonora to Laverton paved and sealed road 60 km east of Leonora and then 25 km south via the old Mt Burgess Mining - Butcher well-graded haul road that runs 5 km to the east of the Project.

13 11 CAPITAL STRUCTURE Stock Exchange Listing: TSXV: SUI Issued Common Shares*: 57,566,479 Options: 10,037,500 Warrants: 2,000,000 Fully Diluted Shares: 69,603, Week Trading Range: $0.005 to $0.03 Current Price (as at May 7 th, 2014): $0.015 Market Cap (as at May 7 th, 2014): $0.863 million *As at May 22, 2013

14 12 Corporate Office: Suite Dunsmuir Street Vancouver, B.C., Canada V7X 1L4 Brent Butler: President & CEO Telephone: Web site:

15 Redcastle Gold Property 34

16 Phase 1 Drilling at Redcastle Gold Property 35