Superior Resources Limited has received assay results from a large multi-element soil geochemistry survey conducted over the Company's 100%-owned Bottletree Copper Prospect, in north-eastern Queensland. Significantly, the results have confirmed the Company's 2021 conclusions by strongly highlighting multiple copper-gold-molybdenum porphyry core targets to the west and southwest of the 2021 area of focus. In addition, porphyry pathfinder elements have defined new targets that extend beyond the survey area, significantly expanding the Prospect's area of interest to 2.5 km by 2.0 km.

A multi-element soil geochemistry sampling program was conducted over the Bottletree Prospect during late November, 2021 for the purpose of obtaining a broader suite of porphyry pathfinder trace element data and higher density data than is available from historic information. A total of 1517 samples were collected from a 2.0 km x 1.8 km grid, with 50m sample and line spacings. The objective of the survey was to identify trace element zonation patterns that would assist with targeting the core of a mineralised porphyry system and the planning of a drilling program.

The soil survey results provide a clear picture of potential porphyry intrusion centres and trace element zonation patterns across the Bottletree Prospect area. In this respect the survey has been instrumental in better defining the location of buried Cu-Au-Mo porphyry intrusions. At least six target zones (Zones A to F) have been identified on thematic plots of a range of elements with emphasis being placed on the ore elements Cu, Au, Ag and Mo.

Discrete and significantly anomalous pathfinder element concentration zones were also assessed against aeromagnetic imagery, geology, satellite imagery and historic shallow drill hole data. Three or more buried Cu-Au-Mo porphyries (Zones A, B and E) are suggested as highest priority porphyry core targets. Cu-Mo associations, amongst other indicators, are recognised as indicators of porphyry mineralisation that is proximal to the core zone of a porphyry system.

Based on the intensity and distribution of Cu and Mo anomalism, together with observations from the 2021 drill cores (BTDD001, BTDD003 and BTDD004), magnetics and satellite imagery interpretation, Zone A is interpreted as the central porphyry intrusive, located within a large ring feature (Intrusion Ring) on satellite imagery. Zones B and E are located outside the Intrusion Ring and are either related to porphyry systems within the Intrusion Ring or are separate buried porphyry systems. Zone B is a particularly compelling target as it is associated with the most significant Au anomaly and has associated Cu, Mo and Ag. Zone E is likely part of a large, historically recognised area of surface copper mineralisation, referred to as the TAG Prospect.

Most of the area of the TAG Prospect lies outside the soil grid area as indicated by Mo, Cu and Au trends that remain open on the western side of the soil grid. Zones C, D and F, including areas adjacent to these zones (such as between Zones A and F and west of Zone C) are considered to have high potential for significant copper and gold mineralisation. These zones are also variably associated with Mo and Ag.

Zone F contains the high intensity IP chargeability anomaly that was drilled during late 2021 and is located on the edge of the Intrusion Ring within a major structural shear zone. As shown in the 2021 drill holes, Cu mineralisation within the IP anomaly is largely related to late shear veins and contains significantly lower Mo values. Zones F is considered to be distal to, and less likely to represent a porphyry core, although the copper mineralisation is extensive and is likely to have been sourced from a porphyry system at Zone A.